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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Forward Air (FWRD) EBITDA Margin (2016 - 2025)

Forward Air (FWRD) has disclosed EBITDA Margin for 17 consecutive years, with 0.64% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, EBITDA Margin rose 542.0% year-over-year to 0.64%, compared with a TTM value of 4.19% through Dec 2025, up 2894.0%, and an annual FY2025 reading of 4.19%, up 2894.0% over the prior year.
  • EBITDA Margin was 0.64% for Q4 2025 at Forward Air, up from 4.99% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 38.52% in Q3 2024 and bottomed at 151.04% in Q2 2024.
  • Average EBITDA Margin over 5 years is 0.74%, with a median of 5.79% recorded in 2021.
  • The sharpest move saw EBITDA Margin tumbled -15702bps in 2024, then soared 14974bps in 2025.
  • Year by year, EBITDA Margin stood at 8.63% in 2021, then soared by 170bps to 23.34% in 2022, then grew by 29bps to 30.06% in 2023, then crashed by -120bps to 6.06% in 2024, then surged by 89bps to 0.64% in 2025.
  • Business Quant data shows EBITDA Margin for FWRD at 0.64% in Q4 2025, 4.99% in Q3 2025, and 1.3% in Q2 2025.