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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 (FWRD) has disclosed EBT Margin for 17 consecutive years, with 7.15% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, EBT Margin fell 1214.0% year-over-year to 7.15%, compared with a TTM value of 5.9% through Dec 2025, up 4461.0%, and an annual FY2025 reading of 5.9%, up 4461.0% over the prior year.
  • EBT Margin was 7.15% for Q4 2025 at Forward Air, down from 3.7% in the prior quarter.
  • Across five years, EBT Margin topped out at 22.1% in Q4 2022 and bottomed at 177.33% in Q2 2024.
  • Average EBT Margin over 5 years is 5.07%, with a median of 5.47% recorded in 2021.
  • The sharpest move saw EBT Margin tumbled -18561bps in 2024, then soared 17133bps in 2025.
  • Year by year, EBT Margin stood at 8.44% in 2021, then surged by 162bps to 22.1% in 2022, then crashed by -133bps to 7.35% in 2023, then surged by 168bps to 5.0% in 2024, then tumbled by -243bps to 7.15% in 2025.
  • Business Quant data shows EBT Margin for FWRD at 7.15% in Q4 2025, 3.7% in Q3 2025, and 6.0% in Q2 2025.