Forward Air (FWRD) Depreciation & Amortization (CF) (2009 - 2026)
Forward Air's Depreciation & Amortization (CF) was $38.26 million in Q2 2026, up 4.0% from $36.81 million a year earlier but down 0.7% from the prior quarter.
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Analysis
Forward Air (FWRD) Depreciation & Amortization (CF) (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Forward Air's Depreciation & Amortization (CF) was $155.26 million through Jun 30, 2026, up 12.7% year-over-year; for FY2025, it came in at $152.64 million, up 6.0% from FY2024.
- Depreciation & Amortization (CF) has now increased for four consecutive years, with a five-year compound annual growth rate of 32.7% (FY2020 to FY2025).
- In earlier years, Depreciation & Amortization (CF) was $143.98 million in FY2024 (+150.8%), $57.41 million in FY2023 (+34.9%), $42.55 million in FY2022 (+21.7%) and $34.97 million in FY2021 (-5.8%).
- Quarterly Depreciation & Amortization (CF) has moved between $6.9 million (Q4 2021) and $48.64 million (Q2 2024) over five years.
- Compared with a year earlier, Depreciation & Amortization (CF) has increased for four straight quarters, with growth averaging 31.3% over the last eight quarters.
- The best year-over-year quarter for Depreciation & Amortization (CF) over five years was Q2 2024 (growth of 267.2%); the worst was Q4 2021 (a decline of 25.1%).
- Per Business Quant data, FWRD's Depreciation & Amortization (CF) in the three quarters before Q2 2026 was $38.52 million (Q1 2026), $40.72 million (Q4 2025) and $37.75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 638.00 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 411.00 Mn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 375.20 Mn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 980.00 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 358.00 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 1.13 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | - |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 484.82 Mn |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | 38.26 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.26 Mn |
| Mar 31, 2026 | 38.52 Mn |
| Dec 31, 2025 | 40.72 Mn |
| Sep 30, 2025 | 37.75 Mn |
| Jun 30, 2025 | 36.81 Mn |
| Mar 31, 2025 | 37.36 Mn |
| Dec 31, 2024 | 37.66 Mn |
| Sep 30, 2024 | 25.89 Mn |
| Jun 30, 2024 | 48.64 Mn |
| Mar 31, 2024 | 31.79 Mn |
| Dec 31, 2023 | 17.58 Mn |
| Sep 30, 2023 | 14.21 Mn |
| Jun 30, 2023 | 13.25 Mn |
| Mar 31, 2023 | 12.37 Mn |
| Dec 31, 2022 | 7.56 Mn |
| Sep 30, 2022 | 12.27 Mn |
| Jun 30, 2022 | 11.60 Mn |
| Mar 31, 2022 | 11.13 Mn |
| Dec 31, 2021 | 6.90 Mn |
| Sep 30, 2021 | 9.42 Mn |
API Access
Forward Air Depreciation & Amortization (CF) 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=depreciation-and-amortization-cf&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "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=depreciation-and-amortization-cf&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();