Forward Air FWRD
NASDAQ FWRD
$18.11 +0.32 (+1.80%)
At close: Aug 21, 2026 · 4:00 PM EDT

Forward Air (FWRD) Depreciation & Amortization (CF) (2009 - 2026)

Forward Air's (FWRD) quarterly Depreciation & Amortization (CF) came in at $38.5 million in Q1 2026, up 3.11% YoY from $37.4 million in Q1 2025, and down 5.41% on a QoQ basis from $40.7 million in Q4 2025.

Forward Air (FWRD) Depreciation & Amortization (CF) (2009 - 2026) Analysis & Trends

Forward Air (FWRD) has 18 years of Depreciation & Amortization (CF) data on file, last reported at $38.5 million in Q1 2026.

  • Quarterly Depreciation & Amortization (CF) rose 3.11% year-over-year to $38.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $153.8 million (up 2.84% YoY) and the FY2025 annual result came in at $152.6 million, up 6.01% from the prior year.
  • Depreciation & Amortization (CF) slipped to $38.5 million in Q1 2026, from $40.7 million in the prior quarter.
  • In the past five years, Depreciation & Amortization (CF) ranged from a high of $48.6 million in Q2 2024 to a low of $7.6 million in Q4 2022.
  • A 5-year average of $25.6 million and a median of $25.9 million in 2024 frame the typical range for Depreciation & Amortization (CF).
  • Annual changes were most pronounced in 2024 — Depreciation & Amortization (CF) soared 267.23% — and 2025, when it slipped 24.33%.
  • Tracing FWRD's Depreciation & Amortization (CF) over 5 years: stood at $7.6 million in 2022, then soared by 132.59% to $17.6 million in 2023, then jumped by 114.22% to $37.7 million in 2024, then advanced by 8.14% to $40.7 million in 2025, then dropped by 5.41% to $38.5 million in 2026.
  • The last three Depreciation & Amortization (CF) figures came in at $38.5 million (Q1 2026), $40.7 million (Q4 2025), and $37.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Depreciation & Amortization (Qtr)
1 United Parcel Service 86.89 Bn 82.23 Bn 19.65 Bn 980.00 Mn
2 Fedex 77.23 Bn 63.91 Bn 18.84 Bn 1.13 Bn
3 Hunt J B Transport Services 25.91 Bn 25.90 Bn - 180.61 Mn
4 Expeditors International Of Washington 24.62 Bn 23.58 Bn 1.09 Bn 12.70 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 22.57 Mn
7 Landstar System 6.33 Bn 5.98 Bn 308.86 Mn 10.41 Mn
8 GXO Logistics 5.25 Bn 4.48 Bn 508.00 Mn 117.00 Mn
9 Pitney Bowes 2.24 Bn 1.96 Bn 296.14 Mn 23.69 Mn
10 Forward Air 588.72 Mn 449.27 Mn 617.46 Mn 38.26 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 38.26 Mn
Jun 30, 2026 38.26 Mn
Mar 31, 2026 38.52 Mn
Mar 31, 2026 38.52 Mn
Dec 31, 2025 40.72 Mn
Dec 31, 2025 40.72 Mn
Sep 30, 2025 37.75 Mn
Sep 30, 2025 37.75 Mn
Jun 30, 2025 36.81 Mn
Jun 30, 2025 36.81 Mn
Mar 31, 2025 37.36 Mn
Mar 31, 2025 37.36 Mn
Dec 31, 2024 37.66 Mn
Dec 31, 2024 37.66 Mn
Sep 30, 2024 25.89 Mn
Sep 30, 2024 25.89 Mn
Jun 30, 2024 48.64 Mn
Jun 30, 2024 48.64 Mn
Mar 31, 2024 31.79 Mn
Mar 31, 2024 31.79 Mn