Forward Air (FWRD) EBIT (2009 - 2026)
Forward Air's EBIT came in at -$201.31 million for Q2 2026, compared with $19.52 million a year earlier.
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Analysis
Forward Air (FWRD) EBIT (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Forward Air reported EBIT of -$168.73 million; for FY2025, it was $36.42 million.
- EBIT carries a five-year compound annual growth rate of -13.2% (FY2020 to FY2025).
- Going back by year, EBIT was -$1.06 billion in FY2024, $88.21 million in FY2023 (-64.4%), $247.59 million in FY2022 (+68.4%) and $147.03 million in FY2021 (+98.9%).
- The Q2 2026 figure represents the lowest quarterly EBIT since Q2 2024.
- The fastest year-over-year change in EBIT over five years came in Q1 2026 (growth of 329.2%), and the weakest in Q4 2023 (a decline of 93.0%).
- Business Quant data shows FWRD's EBIT at $20.44 million (Q1 2026), -$2.87 million (Q4 2025) and $15.01 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 2.76 Bn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 1.51 Bn |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 1.06 Bn |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 930.00 Mn |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 1.12 Bn |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 1.55 Bn |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 1.86 Bn |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 465.30 Mn |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 668.82 Mn |
| 10 | Forward Air | 506.38 Mn | -27.68 Mn | - | -201.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -201.31 Mn |
| Mar 31, 2026 | 20.44 Mn |
| Dec 31, 2025 | -2.87 Mn |
| Sep 30, 2025 | 15.01 Mn |
| Jun 30, 2025 | 19.52 Mn |
| Mar 31, 2025 | 4.76 Mn |
| Dec 31, 2024 | 75.86 Mn |
| Sep 30, 2024 | 22.70 Mn |
| Jun 30, 2024 | -1.10 Bn |
| Mar 31, 2024 | -65.73 Mn |
| Dec 31, 2023 | 3.00 Mn |
| Sep 30, 2023 | 11.69 Mn |
| Jun 30, 2023 | 26.33 Mn |
| Mar 31, 2023 | 47.20 Mn |
| Dec 31, 2022 | 43.03 Mn |
| Sep 30, 2022 | 71.67 Mn |
| Jun 30, 2022 | 75.55 Mn |
| Mar 31, 2022 | 57.35 Mn |
| Dec 31, 2021 | 39.70 Mn |
| Sep 30, 2021 | 42.48 Mn |
API Access
Forward Air EBIT 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=ebit&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit", "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=ebit&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();