Forward Air (FWRD) Change in Taxes (2017 - 2020)
Forward Air's (FWRD) quarterly Change in Taxes came in at $1.8 million in Q3 2020, up 571.2% YoY from $263259.8 in Q4 2019, and up 195.0% on a QoQ basis from -$1.9 million in Q2 2020.
Forward Air (FWRD) Change in Taxes (2017 - 2020) Analysis & Trends
Forward Air (FWRD) has 4 years of Change in Taxes data on file, last reported at $1.8 million in Q3 2020.
- Quarterly Change in Taxes rose 571.2% year-over-year to $1.8 million in Q3 2020, while the trailing twelve-month figure through Sep 2020 was $5.3 million (up 949.52% YoY) and the FY2019 annual result came in at $1.3 million, up 202.23% from the prior year.
- Change in Taxes grew to $1.8 million in Q3 2020, from -$1.9 million in the prior quarter.
- In the past five years, Change in Taxes ranged from a high of $8.4 million in Q1 2017 to a low of -$6.8 million in Q2 2019.
- A 4-year average of -$135066.7 and a median of -$375000.0 in 2019 frame the typical range for Change in Taxes.
- Annual changes were most pronounced in 2019 — Change in Taxes slumped 113.17% — and 2020, when it soared 571.2%.
- Tracing FWRD's Change in Taxes over 4 years: 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 | 86.89 Bn | 82.23 Bn | 19.65 Bn | - |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | - |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | -2.83 Mn |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | -1.12 Mn |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | - |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | -16.66 Mn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | - |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | - |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | 7.97 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 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 |