Forward Air (FWRD) Depreciation & Amortization - Total (2018 - 2024)
Forward Air (FWRD) recorded Depreciation & Amortization - Total of $14.4 million in Q3 2024, up 30.9% from $11 million a year earlier but down 3.4% from the prior quarter.
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Analysis
Forward Air (FWRD) Depreciation & Amortization - Total (2018 - 2024) Analysis & Trends
On a TTM basis, Forward Air's Depreciation & Amortization - Total came in at $54.17 million as of Sep 30, 2024, up 43.9% year-over-year; for FY2023, it was $41.37 million, up 36.3% from FY2022.
- Annual Depreciation & Amortization - Total has increased for three straight years, with a five-year compound annual growth rate of 4.6% (FY2018 to FY2023).
- Across earlier years, Depreciation & Amortization - Total came in at $30.34 million in FY2022 (+24.2%), $24.43 million in FY2021 (+3.3%), $23.64 million in FY2020 (-23.5%) and $30.9 million in FY2019 (-6.5%).
- Quarterly Depreciation & Amortization - Total has ranged from $5.74 million in Q4 2020 to $14.91 million in Q2 2024 over the past five years.
- On a year-over-year basis, Depreciation & Amortization - Total has increased for 12 consecutive quarters, with growth averaging 35.1% over the last eight quarters.
- Peak year-over-year performance for Depreciation & Amortization - Total in the last five years was growth of 49.9% in Q4 2023, against a decline of 28.1% in Q1 2020 at the low end.
- Per Business Quant, the preceding three quarters came in at $14.91 million (Q2 2024), $13.68 million (Q1 2024) and $11.19 million (Q4 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Tot) (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 638.00 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | - |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 358.00 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 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 | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 14.40 Mn |
| Jun 30, 2024 | 14.91 Mn |
| Mar 31, 2024 | 13.68 Mn |
| Dec 31, 2023 | 11.19 Mn |
| Sep 30, 2023 | 11.00 Mn |
| Jun 30, 2023 | 10.01 Mn |
| Mar 31, 2023 | 9.17 Mn |
| Dec 31, 2022 | 7.46 Mn |
| Sep 30, 2022 | 8.11 Mn |
| Jun 30, 2022 | 7.71 Mn |
| Mar 31, 2022 | 7.05 Mn |
| Dec 31, 2021 | 6.99 Mn |
| Sep 30, 2021 | 5.80 Mn |
| Jun 30, 2021 | 5.85 Mn |
| Mar 31, 2021 | 5.80 Mn |
| Dec 31, 2020 | 5.74 Mn |
| Sep 30, 2020 | 5.81 Mn |
| Jun 30, 2020 | 6.12 Mn |
| Mar 31, 2020 | 5.98 Mn |
| Dec 31, 2019 | 7.03 Mn |
API Access
Forward Air Depreciation & Amortization - Total 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-total&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-total", "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-total&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();