Forward Air (FWRD) Change in Receivables (2009 - 2026)
Forward Air's Change in Receivables was $47.88 million in Q2 2026, compared with -$4.2 million a year earlier.
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Analysis
Forward Air (FWRD) Change in Receivables (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Forward Air's Change in Receivables was $37.08 million through Jun 30, 2026; for FY2025, it was $18.01 million.
- Change in Receivables shows a five-year compound annual growth rate of -6.9% (FY2020 to FY2025).
- In earlier years, Change in Receivables was -$9.55 million in FY2024, -$30.56 million in FY2023, $2.59 million in FY2022 (-93.9%) and $42.46 million in FY2021 (+65.0%).
- The Q2 2026 figure marks the highest quarterly Change in Receivables in data going back to Q3 2009.
- Per Business Quant data, FWRD's Change in Receivables in the three quarters before Q2 2026 was -$11.86 million (Q1 2026), $2.11 million (Q4 2025) and -$1.05 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 144.00 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 70.00 Mn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 755.00 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 55.00 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 1.16 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | - |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | -59.98 Mn |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | 47.88 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.88 Mn |
| Mar 31, 2026 | -11.86 Mn |
| Dec 31, 2025 | 2.11 Mn |
| Sep 30, 2025 | -1.05 Mn |
| Jun 30, 2025 | -4.20 Mn |
| Mar 31, 2025 | 21.15 Mn |
| Dec 31, 2024 | -43.60 Mn |
| Sep 30, 2024 | -8.22 Mn |
| Jun 30, 2024 | 21.77 Mn |
| Mar 31, 2024 | 20.50 Mn |
| Dec 31, 2023 | -9.59 Mn |
| Sep 30, 2023 | 17.72 Mn |
| Jun 30, 2023 | -22.29 Mn |
| Mar 31, 2023 | -16.40 Mn |
| Dec 31, 2022 | -40.58 Mn |
| Sep 30, 2022 | 6.42 Mn |
| Jun 30, 2022 | 6.47 Mn |
| Mar 31, 2022 | 30.28 Mn |
| Dec 31, 2021 | -6.63 Mn |
| Sep 30, 2021 | -1.93 Mn |
API Access
Forward Air Change in Receivables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-receivables&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-receivables", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-receivables&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();