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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Forward Air (FWRD) EBT Margin (2016 - 2025)

Forward Air's EBT Margin history spans 17 years, with the latest figure at 7.15% for Q4 2025.

  • For Q4 2025, EBT Margin fell 1214.0% year-over-year to 7.15%; the TTM value through Dec 2025 reached 5.9%, up 4461.0%, while the annual FY2025 figure was 5.9%, 4461.0% up from the prior year.
  • EBT Margin reached 7.15% in Q4 2025 per FWRD's latest filing, down from 3.7% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 21.02% in Q4 2021 to a low of 177.33% in Q2 2024.
  • Average EBT Margin over 5 years is 5.04%, with a median of 5.47% recorded in 2021.
  • Peak YoY movement for EBT Margin: tumbled -18445bps in 2024, then soared 17133bps in 2025.
  • A 5-year view of EBT Margin shows it stood at 21.02% in 2021, then crashed by -51bps to 10.28% in 2022, then plummeted by -160bps to 6.2% in 2023, then soared by 181bps to 5.0% in 2024, then tumbled by -243bps to 7.15% in 2025.
  • Per Business Quant, the three most recent readings for FWRD's EBT Margin are 7.15% (Q4 2025), 3.7% (Q3 2025), and 6.0% (Q2 2025).