Forward Air (FWRD) Change in Receivables (2009 - 2026)
Forward Air's (FWRD) quarterly Change in Receivables came in at -$11.9 million in Q1 2026, down 156.1% YoY from $21.1 million in Q1 2025, and down 661.16% on a QoQ basis from $2.1 million in Q4 2025.
Forward Air (FWRD) Change in Receivables (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Change in Receivables data on file, last reported at -$11.9 million in Q1 2026.
- Quarterly Change in Receivables fell 156.1% year-over-year to -$11.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$15.0 million (down 68.65% YoY) and the FY2025 annual result came in at $18.0 million, up 288.61% from the prior year.
- Change in Receivables fell to -$11.9 million in Q1 2026, from $2.1 million in the prior quarter.
- In the past five years, Change in Receivables ranged from a high of $30.3 million in Q1 2022 to a low of -$43.6 million in Q4 2024.
- A 5-year average of -$1.8 million and a median of -$1.1 million in 2025 frame the typical range for Change in Receivables.
- The widest YoY moves for Change in Receivables: up 432.35% in 2022, down 512.31% in 2022.
- Tracing FWRD's Change in Receivables over 5 years: stood at -$40.6 million in 2022, then jumped by 76.37% to -$9.6 million in 2023, then tumbled by 354.69% to -$43.6 million in 2024, then surged by 104.85% to $2.1 million in 2025, then slumped by 661.16% to -$11.9 million in 2026.
- The last three Change in Receivables figures came in at -$11.9 million (Q1 2026), $2.1 million (Q4 2025), and -$1.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | 755.00 Mn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | 1.16 Bn |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | 133.82 Mn |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | 575.86 Mn |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | - |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | 506.81 Mn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | 176.45 Mn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 37.00 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | -10.26 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | 47.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 47.88 Mn |
| Jun 30, 2026 | 47.88 Mn |
| Mar 31, 2026 | -11.86 Mn |
| Mar 31, 2026 | -11.86 Mn |
| Dec 31, 2025 | 2.11 Mn |
| Dec 31, 2025 | 2.11 Mn |
| Sep 30, 2025 | -1.05 Mn |
| Sep 30, 2025 | -1.05 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 | -43.60 Mn |
| Dec 31, 2024 | -43.60 Mn |
| Sep 30, 2024 | -8.22 Mn |
| Sep 30, 2024 | -8.22 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 |