Forward Air (FWRD) Change in Cash (2009 - 2026)

Forward Air (FWRD) reported Change in Cash of $35.0 million for Q1 2026, up 207.03% on a YoY basis from $11.4 million in Q1 2025, and up 201.94% quarter-over-quarter from -$34.4 million in Q4 2025.

Forward Air (FWRD) Change in Cash (2009 - 2026) Analysis & Trends

Forward Air has reported Change in Cash for 18 years, with the latest figure at $35.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Cash rose 207.03% year-over-year to $35.0 million; the trailing twelve-month figure through Mar 2026 stood at $24.3 million (up 149.48% YoY), and the FY2025 full-year result was $730000.0, up 100.04% from the prior year.
  • Change in Cash for Q1 2026 stood at $35.0 million, up from -$34.4 million in the prior quarter.
  • The five-year high for Change in Cash was $1.9 billion in Q4 2023, with the low at -$1.8 billion in Q1 2024.
  • Historically, Change in Cash has averaged $6.5 million across 5 years, with a median of -$1.0 million in 2022.
  • Annual changes were most pronounced in 2023 — Change in Cash soared 188891.99% — and 2024, when it slumped 12802.73%.
  • Forward Air's Change in Cash stood at -$1.0 million in 2022, then soared by 188891.99% to $1.9 billion in 2023, then tumbled by 101.37% to -$26.5 million in 2024, then declined by 29.64% to -$34.4 million in 2025, then jumped by 201.94% to $35.0 million in 2026.
  • The last three Change in Cash figures came in at $35.0 million (Q1 2026), -$34.4 million (Q4 2025), and $45.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Cash (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn -85.00 Mn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn 5.12 Bn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn -12.72 Mn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn -1.21 Mn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn 124.12 Mn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn -43.44 Mn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn -60.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn 202.29 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn 17.99 Mn
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn 35.03 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 35.03 Mn
Dec 31, 2025 -34.36 Mn
Sep 30, 2025 45.05 Mn
Jun 30, 2025 -21.37 Mn
Mar 31, 2025 11.41 Mn
Dec 31, 2024 -26.50 Mn
Sep 30, 2024 28.63 Mn
Jun 30, 2024 -62.74 Mn
Mar 31, 2024 -1.78 Bn
Dec 31, 2023 1.93 Bn
Sep 30, 2023 562,000.00
Jun 30, 2023 -13.75 Mn
Mar 31, 2023 -13.79 Mn
Dec 31, 2022 -1.02 Mn
Sep 30, 2022 -540,000.00
Jun 30, 2022 -14.24 Mn
Mar 31, 2022 24.31 Mn
Dec 31, 2021 -14.61 Mn
Sep 30, 2021 1.09 Mn
Jun 30, 2021 26.45 Mn