Forward Air (FWRD) Change in Receivables (2009 - 2026)
Forward Air (FWRD) reported Change in Receivables of -$2.1 million for Q1 2026, down 109.7% on a YoY basis from $21.1 million in Q1 2025, and down 128.93% quarter-over-quarter from $7.1 million in Q4 2025.
Forward Air (FWRD) Change in Receivables (2009 - 2026) Analysis & Trends
Forward Air has reported Change in Receivables for 18 years, with the latest figure at -$2.1 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Receivables fell 109.7% year-over-year to -$2.1 million; the trailing twelve-month figure through Mar 2026 stood at -$15.8 million (down 77.97% YoY), and the FY2025 full-year result was $7.4 million, up 177.15% from the prior year.
- Change in Receivables for Q1 2026 stood at -$2.1 million, down from $7.1 million in the prior quarter.
- The five-year high for Change in Receivables was $30.3 million in Q1 2022, with the low at -$48.4 million in Q3 2024.
- Historically, Change in Receivables has averaged -$532461.5 across 5 years, with a median of $5.4 million in 2023.
- The largest YoY upside for Change in Receivables was 4158.55% in 2022 against a maximum downside of 6268.91% in 2022.
- Forward Air's Change in Receivables stood at -$44.8 million in 2022, then surged by 112.06% to $5.4 million in 2023, then tumbled by 162.63% to -$3.4 million in 2024, then jumped by 309.39% to $7.1 million in 2025, then slumped by 128.93% to -$2.1 million in 2026.
- The last three Change in Receivables figures came in at -$2.1 million (Q1 2026), $7.1 million (Q4 2025), and -$16.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn | -1.09 Bn |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | -225.00 Mn |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | 167.09 Mn |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | 197.52 Mn |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | -29.47 Mn |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | 17.60 Mn |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | 26.00 Mn |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | - |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | -7.34 Mn |
| 10 | Forward Air | 326.09 Mn | 226.34 Mn | 526.45 Mn | -2.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.05 Mn |
| Mar 31, 2026 | -2.05 Mn |
| Dec 31, 2025 | 7.09 Mn |
| Dec 31, 2025 | 7.09 Mn |
| Sep 30, 2025 | -16.67 Mn |
| Sep 30, 2025 | -16.67 Mn |
| Jun 30, 2025 | -4.20 Mn |
| Jun 30, 2025 | -4.20 Mn |
| Mar 31, 2025 | 21.15 Mn |
| Mar 31, 2025 | 21.15 Mn |
| Dec 31, 2024 | -3.39 Mn |
| Dec 31, 2024 | -3.39 Mn |
| Sep 30, 2024 | -48.42 Mn |
| Sep 30, 2024 | -48.42 Mn |
| Jun 30, 2024 | 21.77 Mn |
| Jun 30, 2024 | 21.77 Mn |
| Mar 31, 2024 | 20.50 Mn |
| Mar 31, 2024 | 20.50 Mn |
| Dec 31, 2023 | 5.41 Mn |
| Dec 31, 2023 | 5.41 Mn |