Forward Air (FWRD) Depreciation and Depletion (2018 - 2024)
Forward Air (FWRD) posted Depreciation and Depletion of $14.4 million for 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 and Depletion (2018 - 2024) Analysis & Trends
For the trailing twelve months through Sep 30, 2024, Depreciation and Depletion at Forward Air was $54.17 million, up 43.9% year-over-year; for FY2023, it was $41.37 million, up 36.3% from FY2022.
- Annual Depreciation and Depletion has increased for three consecutive years, with a five-year compound annual growth rate of 4.6% (FY2018 to FY2023).
- In prior years, Forward Air's Depreciation and Depletion was $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 and Depletion has run from a low of $5.74 million in Q4 2020 to a high of $14.91 million in Q2 2024 over five years.
- On a year-over-year basis, Depreciation and Depletion has increased in each of the last 12 quarters, with growth averaging 35.1% over the last eight quarters.
- The strongest year-over-year quarter for Depreciation and Depletion in the past five years was Q4 2023, with growth of 49.9%; the weakest was Q1 2020, with a decline of 28.1%.
- According to Business Quant data, Depreciation and Depletion for the three prior quarters was $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. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 638.00 Mn |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | - |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 358.00 Mn |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | - |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | - |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | - |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | - |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | - |
| 10 | Forward Air | 536.74 Mn | 2.68 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 and Depletion 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-depletion&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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-depletion&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();