Forward Air (FWRD) Depreciation and Depletion (2018 - 2024)

Forward Air (FWRD) reported Depreciation and Depletion of $2.1 million for Q2 2024, down 17.32% quarter-over-quarter from $2.6 million in Q1 2024.

Forward Air (FWRD) Depreciation and Depletion (2018 - 2024) Analysis & Trends

Forward Air has reported Depreciation and Depletion for 7 years, with the latest figure at $2.1 million in Q2 2024.

  • For the quarter ending Q2 2024, Depreciation and Depletion changed N/A year-over-year to $2.1 million; the trailing twelve-month figure through Sep 2024 stood at -$14.7 million (down 183.52% YoY), and the FY2023 full-year result was $9.7 million, down 58.72% from the prior year.
  • Depreciation and Depletion for Q2 2024 stood at $2.1 million, down from $2.6 million in the prior quarter.
  • The five-year high for Depreciation and Depletion was $8.9 million in Q1 2023, with the low at -$19.4 million in Q4 2023.
  • Historically, Depreciation and Depletion has averaged $1.8 million across 5 years, with a median of $3.8 million in 2020.
  • Annual changes were most pronounced in 2021 — Depreciation and Depletion surged 2236.11% — and 2023, when it tumbled 2799.86%.
  • Forward Air's Depreciation and Depletion stood at $4.9 million in 2020, then sank by 401.62% to -$14.9 million in 2021, then surged by 104.84% to $720000.0 in 2022, then plunged by 2799.86% to -$19.4 million in 2023, then surged by 111.05% to $2.1 million in 2024.
  • The last three Depreciation and Depletion figures came in at $2.1 million (Q2 2024), $2.6 million (Q1 2024), and -$19.4 million (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Depreciation and Depletion (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn -
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn -
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn -
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn -
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn -
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn -
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn 86.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn 132.31 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn -
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn -

Historic Data

Download Data
DateValue
Jun 30, 2024 2.15 Mn
Jun 30, 2024 2.15 Mn
Mar 31, 2024 2.60 Mn
Mar 31, 2024 2.60 Mn
Dec 31, 2023 -19.44 Mn
Dec 31, 2023 -19.44 Mn
Sep 30, 2023 8.02 Mn
Sep 30, 2023 8.02 Mn
Mar 31, 2023 8.85 Mn
Mar 31, 2023 8.85 Mn
Dec 31, 2022 720,000.00
Dec 31, 2022 720,000.00
Sep 30, 2022 8.11 Mn
Sep 30, 2022 8.11 Mn
Jun 30, 2022 7.71 Mn
Jun 30, 2022 7.71 Mn
Mar 31, 2022 7.05 Mn
Mar 31, 2022 7.05 Mn
Dec 31, 2021 -14.86 Mn
Dec 31, 2021 -14.86 Mn