Growth Metrics

Forward Air (FWRD) EBT (2016 - 2025)

Forward Air's EBT history spans 17 years, with the latest figure at -$45.1 million for Q4 2025.

  • For Q4 2025, EBT fell 242.66% year-over-year to -$45.1 million; the TTM value through Dec 2025 reached -$147.2 million, up 88.22%, while the annual FY2025 figure was -$147.2 million, 88.22% up from the prior year.
  • EBT reached -$45.1 million in Q4 2025 per FWRD's latest filing, down from -$23.4 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.
  • Average EBT over 5 years is -$47.8 million, with a median of $22.6 million recorded in 2021.
  • The largest YoY upside for EBT was 250.75% in 2024 against a maximum downside of 4907.97% in 2024.
  • A 5-year view of EBT shows it stood at $38.8 million in 2021, then rose by 6.67% to $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.
  • Per Business Quant, the three most recent readings for FWRD's EBT are -$45.1 million (Q4 2025), -$23.4 million (Q3 2025), and -$37.1 million (Q2 2025).