Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
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's EBITDA Margin history spans 17 years, with the latest figure at 9.95% for Q4 2025.

  • For Q4 2025, EBITDA Margin fell 5365.0% year-over-year to 9.95%; the TTM value through Dec 2025 reached 6.12%, up 2855.0%, while the annual FY2025 figure was 5.51%, 2762.0% up from the prior year.
  • EBITDA Margin reached 9.95% in Q4 2025 per FWRD's latest filing, down from 3.76% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 43.71% in Q4 2024 to a low of 151.04% in Q2 2024.
  • Average EBITDA Margin over 5 years is 1.1%, with a median of 5.79% recorded in 2021.
  • Peak YoY movement for EBITDA Margin: tumbled -15702bps in 2024, then surged 14849bps in 2025.
  • A 5-year view of EBITDA Margin shows it stood at 26.64% in 2021, then plummeted by -60bps to 10.65% in 2022, then soared by 182bps to 30.06% in 2023, then soared by 45bps to 43.71% in 2024, then plummeted by -123bps to 9.95% in 2025.
  • Per Business Quant, the three most recent readings for FWRD's EBITDA Margin are 9.95% (Q4 2025), 3.76% (Q3 2025), and 2.55% (Q2 2025).