Forward Air FWRD
NASDAQ FWRD
$18.11 +0.32 (+1.80%)
At close: Aug 21, 2026 · 4:00 PM EDT

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

Forward Air's (FWRD) quarterly Change in Cash came in at $35.0 million in Q1 2026, up 207.03% YoY from $11.4 million in Q1 2025, and up 201.94% on a QoQ basis from -$34.4 million in Q4 2025.

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

Forward Air (FWRD) has 18 years of Change in Cash data on file, last reported at $35.0 million in Q1 2026.

  • Quarterly Change in Cash rose 207.03% year-over-year to $35.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $24.3 million (up 143.79% YoY) and the FY2025 annual result came in at $730000.0, up 100.04% from the prior year.
  • Change in Cash rose to $35.0 million in Q1 2026, from -$34.4 million in the prior quarter.
  • In the past five years, Change in Cash ranged from a high of $1.9 billion in Q4 2023 to a low of -$1.8 billion in Q1 2024.
  • A 5-year average of $6.1 million and a median of -$1.0 million in 2022 frame the typical range for Change in Cash.
  • Annual changes were most pronounced in 2023 — Change in Cash soared 188891.99% — and 2024, when it slumped 12802.73%.
  • Tracing FWRD's Change in Cash over 5 years: stood at -$1.0 million in 2022, then soared by 188891.99% to $1.9 billion in 2023, then tumbled by 101.7% to -$32.9 million in 2024, then fell by 4.46% 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 86.89 Bn 82.23 Bn 19.65 Bn -1.15 Bn
2 Fedex 77.23 Bn 63.91 Bn 18.84 Bn 1.62 Bn
3 Hunt J B Transport Services 25.91 Bn 25.90 Bn - -401,000.00
4 Expeditors International Of Washington 24.62 Bn 23.58 Bn 1.09 Bn -285.05 Mn
5 ZTO Express (Cayman) 17.03 Bn 12.62 Bn 469.01 Mn 202.29 Mn
6 C. H. Robinson Worldwide 16.77 Bn 16.62 Bn 1.11 Bn -5.08 Mn
7 Landstar System 6.33 Bn 5.98 Bn 308.86 Mn -59.08 Mn
8 GXO Logistics 5.25 Bn 4.48 Bn 508.00 Mn -24.00 Mn
9 Pitney Bowes 2.24 Bn 1.96 Bn 296.14 Mn -36.04 Mn
10 Forward Air 588.72 Mn 449.27 Mn 617.46 Mn -1.57 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 -1.57 Mn
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 -32.89 Mn
Sep 30, 2024 33.50 Mn
Jun 30, 2024 -67.62 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