Forward Air (FWRD) Common Equity (2009 - 2026)
Forward Air's Common Equity came in at -$122.67 million for Q2 2026, compared with $216.24 million a year earlier.
Powered by 
Analysis
Forward Air (FWRD) Common Equity (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air's Common Equity was $161.66 million, down 43.4% from FY2024.
- Common Equity carries a five-year compound annual growth rate of -21.6% (FY2020 to FY2025).
- Going back by year, Common Equity was $285.87 million in FY2024 (-62.6%), $764.26 million in FY2023 (+8.1%), $707.24 million in FY2022 (+19.1%) and $593.65 million in FY2021 (+8.5%).
- The Q2 2026 figure represents the lowest quarterly Common Equity in data going back to Q4 2009.
- The fastest year-over-year change in Common Equity over five years came in Q1 2024 (growth of 94.3%), and the weakest in Q1 2025 (a decline of 83.0%).
- Business Quant data shows FWRD's Common Equity at $122.28 million (Q1 2026), $161.66 million (Q4 2025) and $195.84 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 20.67 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 14.09 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 34.42 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 15.10 Bn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 16.25 Bn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 31.65 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 21.82 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 4.55 Bn |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 11.02 Bn |
| 10 | Forward Air | 515.15 Mn | -18.91 Mn | - | -122.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -122.67 Mn |
| Mar 31, 2026 | 122.28 Mn |
| Dec 31, 2025 | 161.66 Mn |
| Sep 30, 2025 | 195.84 Mn |
| Jun 30, 2025 | 216.24 Mn |
| Mar 31, 2025 | 227.01 Mn |
| Dec 31, 2024 | 285.87 Mn |
| Sep 30, 2024 | 336.53 Mn |
| Jun 30, 2024 | 362.22 Mn |
| Mar 31, 2024 | 1.33 Bn |
| Dec 31, 2023 | 764.26 Mn |
| Sep 30, 2023 | 665.70 Mn |
| Jun 30, 2023 | 673.61 Mn |
| Mar 31, 2023 | 685.63 Mn |
| Dec 31, 2022 | 707.24 Mn |
| Sep 30, 2022 | 682.70 Mn |
| Jun 30, 2022 | 664.35 Mn |
| Mar 31, 2022 | 611.77 Mn |
| Dec 31, 2021 | 593.65 Mn |
| Sep 30, 2021 | 555.54 Mn |
API Access
Forward Air Common Equity 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=common-equity&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();