Forward Air (FWRD) EBT (2009 - 2026)

Forward Air (FWRD) reported EBT of -$38.4 million for Q1 2026, up 7.68% on a YoY basis from -$35.7 million in Q1 2025, and up 14.86% quarter-over-quarter from -$45.1 million in Q4 2025.

Forward Air (FWRD) EBT (2009 - 2026) Analysis & Trends

Forward Air has reported EBT for 18 years, with the latest figure at -$38.4 million in Q1 2026.

  • For the quarter ending Q1 2026, EBT rose 7.68% year-over-year to -$38.4 million; the trailing twelve-month figure through Mar 2026 stood at -$144.0 million (up 87.84% YoY), and the FY2025 full-year result was -$147.2 million, up 88.22% from the prior year.
  • EBT for Q1 2026 stood at -$38.4 million, up from -$45.1 million in the prior quarter.
  • The five-year high for EBT was $74.4 million in Q2 2022, with the low at -$1.1 billion in Q2 2024.
  • Historically, EBT has averaged -$66.8 million across 5 years, with a median of -$21.0 million in 2023.
  • The largest YoY upside for EBT was 250.75% in 2024 against a maximum downside of 4907.97% in 2024.
  • Forward Air's EBT stood at $41.4 million in 2022, then slumped by 150.65% to -$21.0 million in 2023, then jumped by 250.75% to $31.6 million in 2024, then sank by 242.66% to -$45.1 million in 2025, then rose by 14.86% to -$38.4 million in 2026.
  • The last three EBT figures came in at -$38.4 million (Q1 2026), -$45.1 million (Q4 2025), and -$23.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn 1.12 Bn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn 1.26 Bn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn 189.15 Mn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn 166.67 Mn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn -288.11 Mn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn 52.72 Mn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn 17.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn 374.72 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn 80.47 Mn
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn -38.41 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -38.41 Mn
Dec 31, 2025 -45.11 Mn
Sep 30, 2025 -23.37 Mn
Jun 30, 2025 -37.11 Mn
Mar 31, 2025 -41.60 Mn
Dec 31, 2024 31.62 Mn
Sep 30, 2024 -32.90 Mn
Jun 30, 2024 -1.14 Bn
Mar 31, 2024 -107.14 Mn
Dec 31, 2023 -20.98 Mn
Sep 30, 2023 9.03 Mn
Jun 30, 2023 23.74 Mn
Mar 31, 2023 44.84 Mn
Dec 31, 2022 41.41 Mn
Sep 30, 2022 70.12 Mn
Jun 30, 2022 74.35 Mn
Mar 31, 2022 56.57 Mn
Dec 31, 2021 38.82 Mn
Sep 30, 2021 41.50 Mn
Jun 30, 2021 40.80 Mn