Growth Metrics

Forward Air (FWRD) Debt to Equity (2016 - 2025)

Historic Debt to Equity for Forward Air (FWRD) over the last 17 years, with Q3 2025 value amounting to $8.68.

  • Forward Air's Debt to Equity rose 7293.74% to $8.68 in Q3 2025 from the same period last year, while for Sep 2025 it was $8.68, marking a year-over-year increase of 7293.74%. This contributed to the annual value of $5.92 for FY2024, which is 3569137.35% up from last year.
  • Latest data reveals that Forward Air reported Debt to Equity of $8.68 as of Q3 2025, which was up 7293.74% from $7.85 recorded in Q2 2025.
  • In the past 5 years, Forward Air's Debt to Equity ranged from a high of $8.68 in Q3 2025 and a low of $0.02 during Q4 2023
  • For the 5-year period, Forward Air's Debt to Equity averaged around $2.29, with its median value being $0.27 (2021).
  • As far as peak fluctuations go, Forward Air's Debt to Equity crashed by 8990.39% in 2023, and later surged by 3569137.35% in 2024.
  • Forward Air's Debt to Equity (Quarter) stood at $0.27 in 2021, then plummeted by 39.78% to $0.16 in 2022, then tumbled by 89.9% to $0.02 in 2023, then skyrocketed by 35691.37% to $5.92 in 2024, then soared by 46.66% to $8.68 in 2025.
  • Its Debt to Equity stands at $8.68 for Q3 2025, versus $7.85 for Q2 2025 and $7.47 for Q1 2025.