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| Date | Value |
|---|---|
| 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 |