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| Date | Value |
|---|---|
| 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 |