Forward Air (FWRD) EBT (2009 - 2026)
Forward Air's (FWRD) quarterly EBT came in at -$38.4 million in Q1 2026, up 7.68% YoY from -$35.7 million in Q1 2025, and up 14.86% on a QoQ basis from -$45.1 million in Q4 2025.
Forward Air (FWRD) EBT (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of EBT data on file, last reported at -$38.4 million in Q1 2026.
- Quarterly EBT rose 7.68% year-over-year to -$38.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$144.0 million (up 87.84% YoY) and the FY2025 annual result came in at -$147.2 million, up 88.22% from the prior year.
- EBT grew to -$38.4 million in Q1 2026, 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.
- A 5-year average of -$66.8 million and a median of -$21.0 million in 2023 frame the typical range for EBT.
- The widest YoY moves for EBT: up 250.75% in 2024, down 4907.97% in 2024.
- Tracing FWRD's EBT over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn | 761.00 Mn |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn | 2.11 Bn |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - | 242.68 Mn |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn | 358.46 Mn |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn | 237.87 Mn |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 374.72 Mn |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn | 65.42 Mn |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 48.00 Mn |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 65.49 Mn |
| 10 | Forward Air | 577.19 Mn | 437.74 Mn | 617.46 Mn | -244.03 Mn |
Historic Data
Download 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 |