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
DateValue
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