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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 - 2026)

Forward Air filings provide 18 years of EBITDA Margin readings, the most recent being 6.17% for Q1 2026.

  • On a quarterly basis, EBITDA Margin rose 376.0% to 6.17% in Q1 2026 year-over-year; TTM through Mar 2026 was 3.96%, a 4101.0% increase, with the full-year FY2025 number at 4.19%, up 2894.0% from a year prior.
  • EBITDA Margin hit 6.17% in Q1 2026 for Forward Air, down from 4.73% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 30.06% in Q4 2023 to a low of 151.04% in Q2 2024.
  • Median EBITDA Margin over the past 5 years was 1.3% (2025), compared with a mean of 6.52%.
  • Biggest five-year swings in EBITDA Margin: crashed -15702bps in 2024 and later skyrocketed 14974bps in 2025.
  • Forward Air's EBITDA Margin stood at 10.65% in 2022, then soared by 182bps to 30.06% in 2023, then crashed by -120bps to 6.06% in 2024, then grew by 22bps to 4.73% in 2025, then plummeted by -30bps to 6.17% in 2026.
  • The last three reported values for EBITDA Margin were 6.17% (Q1 2026), 4.73% (Q4 2025), and 3.76% (Q3 2025) per Business Quant data.