Forward Air (FWRD) Debt to Equity (2016 - 2025)
Forward Air's Debt to Equity history spans 17 years, with the latest figure at $10.44 for Q4 2025.
- For Q4 2025, Debt to Equity rose 76.24% year-over-year to $10.44; the TTM value through Dec 2025 reached $10.44, up 76.24%, while the annual FY2025 figure was $10.44, 76.24% up from the prior year.
- Debt to Equity reached $10.44 in Q4 2025 per FWRD's latest filing, down from $12.17 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $12.17 in Q3 2025 to a low of $0.02 in Q4 2023.
- Average Debt to Equity over 5 years is $2.87, with a median of $0.28 recorded in 2021.
- Peak YoY movement for Debt to Equity: tumbled 89.9% in 2023, then skyrocketed 35691.37% in 2024.
- A 5-year view of Debt to Equity shows it stood at $0.27 in 2021, then tumbled by 39.78% to $0.16 in 2022, then crashed by 89.9% to $0.02 in 2023, then surged by 35691.37% to $5.92 in 2024, then soared by 76.24% to $10.44 in 2025.
- Per Business Quant, the three most recent readings for FWRD's Debt to Equity are $10.44 (Q4 2025), $12.17 (Q3 2025), and $7.85 (Q2 2025).