Growth Metrics

Forward Air (FWRD) Change in Receivables (2016 - 2025)

Forward Air's Change in Receivables history spans 17 years, with the latest figure at -$8.5 million for Q4 2025.

  • For Q4 2025, Change in Receivables fell 151.73% year-over-year to -$8.5 million; the TTM value through Dec 2025 reached $7.4 million, up 177.15%, while the annual FY2025 figure was $7.4 million, 177.15% up from the prior year.
  • Change in Receivables reached -$8.5 million in Q4 2025 per FWRD's latest filing, down from $16.2 million in the prior quarter.
  • In the past five years, Change in Receivables ranged from a high of $35.6 million in Q3 2021 to a low of -$48.4 million in Q3 2024.
  • Average Change in Receivables over 5 years is $2.4 million, with a median of $8.6 million recorded in 2022.
  • The largest YoY upside for Change in Receivables was 1021.81% in 2021 against a maximum downside of 578.03% in 2021.
  • A 5-year view of Change in Receivables shows it stood at -$6.6 million in 2021, then skyrocketed by 261.21% to $10.7 million in 2022, then soared by 146.84% to $26.4 million in 2023, then plummeted by 112.84% to -$3.4 million in 2024, then plummeted by 151.73% to -$8.5 million in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Change in Receivables are -$8.5 million (Q4 2025), $16.2 million (Q3 2025), and -$21.5 million (Q2 2025).