Growth Metrics

Forward Air (FWRD) EBT (2016 - 2025)

Forward Air (FWRD) has disclosed EBT for 17 consecutive years, with -$45.1 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, EBT fell 242.66% year-over-year to -$45.1 million, compared with a TTM value of -$147.2 million through Dec 2025, up 88.22%, and an annual FY2025 reading of -$147.2 million, up 88.22% over the prior year.
  • EBT was -$45.1 million for Q4 2025 at Forward Air, down from -$23.4 million in the prior quarter.
  • Across five years, EBT topped out at $74.4 million in Q2 2022 and bottomed at -$1.1 billion in Q2 2024.
  • Average EBT over 5 years is -$47.8 million, with a median of $24.6 million recorded in 2021.
  • Peak annual rise in EBT hit 227.19% in 2024, while the deepest fall reached 4231.66% in 2024.
  • Year by year, EBT stood at $38.8 million in 2021, then rose by 6.67% to $41.4 million in 2022, then plummeted by 160.03% to -$24.9 million in 2023, then skyrocketed by 227.19% to $31.6 million in 2024, then tumbled by 242.66% to -$45.1 million in 2025.
  • Business Quant data shows EBT for FWRD at -$45.1 million in Q4 2025, -$23.4 million in Q3 2025, and -$37.1 million in Q2 2025.