Forward Air (FWRD) Change in Taxes (2017 - 2020)

Forward Air (FWRD) reported Change in Taxes of $1.8 million for Q3 2020, up 571.2% on a YoY basis from $263259.8 in Q4 2019, and up 195.0% quarter-over-quarter from -$1.9 million in Q2 2020.

Forward Air (FWRD) Change in Taxes (2017 - 2020) Analysis & Trends

Forward Air has reported Change in Taxes for 4 years, with the latest figure at $1.8 million in Q3 2020.

  • For the quarter ending Q3 2020, Change in Taxes rose 571.2% year-over-year to $1.8 million; the trailing twelve-month figure through Sep 2020 stood at $5.3 million (up 949.52% YoY), and the FY2019 full-year result was $1.3 million, up 202.23% from the prior year.
  • Change in Taxes for Q3 2020 stood at $1.8 million, up from -$1.9 million in the prior quarter.
  • The five-year high for Change in Taxes was $8.4 million in Q1 2017, with the low at -$6.8 million in Q2 2019.
  • Historically, Change in Taxes has averaged -$135066.7 across 4 years, with a median of -$375000.0 in 2019.
  • Annual changes were most pronounced in 2019 — Change in Taxes slumped 113.17% — and 2020, when it soared 571.2%.
  • Forward Air's Change in Taxes stood at -$3.1 million in 2017, then surged by 163.38% to $1.9 million in 2018, then surged by 98.3% to $3.8 million in 2019, then tumbled by 54.0% to $1.8 million in 2020.
  • The last three Change in Taxes figures came in at $1.8 million (Q3 2020), -$1.9 million (Q2 2020), and $1.5 million (Q1 2020), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn -
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn -
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn 58.88 Mn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn 20.06 Mn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn 19.69 Mn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn -
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn -
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn 41.74 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn 15.68 Mn
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn -

Historic Data

Download Data
DateValue
Sep 30, 2020 1.77 Mn
Sep 30, 2020 1.77 Mn
Jun 30, 2020 -1.86 Mn
Jun 30, 2020 -1.86 Mn
Mar 31, 2020 1.52 Mn
Mar 31, 2020 1.52 Mn
Dec 31, 2019 3.84 Mn
Dec 31, 2019 3.84 Mn
Sep 30, 2019 -375,000.00
Sep 30, 2019 -375,000.00
Jun 30, 2019 -6.81 Mn
Jun 30, 2019 -6.81 Mn
Mar 31, 2019 4.63 Mn
Mar 31, 2019 4.63 Mn
Dec 31, 2018 1.94 Mn
Dec 31, 2018 1.94 Mn
Sep 30, 2018 -1.77 Mn
Sep 30, 2018 -1.77 Mn
Jun 30, 2018 -3.20 Mn
Jun 30, 2018 -3.20 Mn