Forward Air (FWRD) EBT (2009 - 2026)
Forward Air's EBT was -$244.03 million in Q2 2026, compared with -$37.11 million a year earlier.
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Analysis
Forward Air (FWRD) EBT (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Forward Air's EBT was -$350.92 million through Jun 30, 2026; for FY2025, it was -$147.2 million.
- In earlier years, EBT was -$1.25 billion in FY2024, $56.64 million in FY2023 (-76.6%), $242.45 million in FY2022 (+69.9%) and $142.69 million in FY2021 (+105.7%).
- The Q2 2026 figure marks the lowest quarterly EBT since Q2 2024.
- The best year-over-year quarter for EBT over five years was Q1 2022 (growth of 162.4%); the worst was Q3 2023 (a decline of 87.1%).
- Per Business Quant data, FWRD's EBT in the three quarters before Q2 2026 was -$38.41 million (Q1 2026), -$45.11 million (Q4 2025) and -$23.37 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 2.56 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 1.32 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 982.46 Mn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 761.00 Mn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 959.00 Mn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 2.11 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 2.01 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 467.47 Mn |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 689.16 Mn |
| 10 | Forward Air | 515.15 Mn | -18.91 Mn | - | -244.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -244.03 Mn |
| 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 |
API Access
Forward Air EBT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();