Growth Metrics

Forward Air (FWRD) EBT (2016 - 2026)

Forward Air filings provide 18 years of EBT readings, the most recent being -$38.4 million for Q1 2026.

  • On a quarterly basis, EBT rose 7.68% to -$38.4 million in Q1 2026 year-over-year; TTM through Mar 2026 was -$144.0 million, a 87.84% increase, with the full-year FY2025 number at -$147.2 million, up 88.22% from a year prior.
  • EBT hit -$38.4 million in Q1 2026 for Forward Air, up from -$45.1 million in the prior quarter.
  • In the past five years, EBT ranged from a high of $74.4 million in Q2 2022 to a low of -$1.1 billion in Q2 2024.
  • Median EBT over the past 5 years was -$21.0 million (2023), compared with a mean of -$66.8 million.
  • The widest YoY moves for EBT: up 250.75% in 2024, down 4907.97% in 2024.
  • Forward Air's EBT stood at $41.4 million in 2022, then plummeted by 150.65% to -$21.0 million in 2023, then soared by 250.75% to $31.6 million in 2024, then tumbled by 242.66% to -$45.1 million in 2025, then increased by 14.86% to -$38.4 million in 2026.
  • The last three reported values for EBT were -$38.4 million (Q1 2026), -$45.1 million (Q4 2025), and -$23.4 million (Q3 2025) per Business Quant data.