Growth Metrics

Forward Air (FWRD) EBITDA (2016 - 2025)

Forward Air (FWRD) has disclosed EBITDA for 17 consecutive years, with -$4.0 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, EBITDA rose 89.49% year-over-year to -$4.0 million, compared with a TTM value of -$104.5 million through Dec 2025, up 87.25%, and an annual FY2025 reading of -$104.5 million, up 87.25% over the prior year.
  • EBITDA was -$4.0 million for Q4 2025 at Forward Air, up from -$31.5 million in the prior quarter.
  • Across five years, EBITDA topped out at $252.7 million in Q3 2024 and bottomed at -$972.2 million in Q2 2024.
  • Average EBITDA over 5 years is -$22.9 million, with a median of $21.7 million recorded in 2021.
  • Peak annual rise in EBITDA hit 2620.52% in 2024, while the deepest fall reached 4972.92% in 2024.
  • Year by year, EBITDA stood at $39.7 million in 2021, then grew by 10.2% to $43.7 million in 2022, then soared by 132.56% to $101.7 million in 2023, then tumbled by 137.67% to -$38.3 million in 2024, then soared by 89.49% to -$4.0 million in 2025.
  • Business Quant data shows EBITDA for FWRD at -$4.0 million in Q4 2025, -$31.5 million in Q3 2025, and -$8.0 million in Q2 2025.