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| Date | Value |
|---|---|
| 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 |