Forward Air (FWRD) Depreciation & Amortization (CF) (2009 - 2026)
Forward Air (FWRD) reported Depreciation & Amortization (CF) of $38.5 million for Q1 2026, up 3.11% on a YoY basis from $37.4 million in Q1 2025, and down 5.41% quarter-over-quarter from $40.7 million in Q4 2025.
Forward Air (FWRD) Depreciation & Amortization (CF) (2009 - 2026) Analysis & Trends
Forward Air has reported Depreciation & Amortization (CF) for 18 years, with the latest figure at $38.5 million in Q1 2026.
- For the quarter ending Q1 2026, Depreciation & Amortization (CF) rose 3.11% year-over-year to $38.5 million; the trailing twelve-month figure through Mar 2026 stood at $153.8 million (up 2.84% YoY), and the FY2025 full-year result was $152.6 million, up 6.01% from the prior year.
- Depreciation & Amortization (CF) for Q1 2026 stood at $38.5 million, down from $40.7 million in the prior quarter.
- The five-year high for Depreciation & Amortization (CF) was $48.6 million in Q2 2024, with the low at $7.6 million in Q4 2022.
- Historically, Depreciation & Amortization (CF) has averaged $25.6 million across 5 years, with a median of $25.9 million in 2024.
- Annual changes were most pronounced in 2024 — Depreciation & Amortization (CF) soared 267.23% — and 2025, when it slipped 24.33%.
- Forward Air's Depreciation & Amortization (CF) 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 | 92.26 Bn | 86.49 Bn | 18.44 Bn | 985.00 Mn |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | 1.11 Bn |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | 179.41 Mn |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | 24.85 Mn |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | 14.07 Mn |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | 10.56 Mn |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | 115.00 Mn |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | 131.76 Mn |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 25.64 Mn |
| 10 | Forward Air | 326.09 Mn | 226.34 Mn | 526.45 Mn | 38.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 17.58 Mn |
| Dec 31, 2023 | 17.58 Mn |