Forward Air (FWRD) EBT Margin (2009 - 2026)
Forward Air's (FWRD) quarterly EBT Margin came in at 6.6% in Q1 2026, up 19.0% YoY from 5.54% in Q1 2025, and up 7.67% on a QoQ basis from 7.15% in Q4 2025.
Forward Air (FWRD) EBT Margin (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of EBT Margin data on file, last reported at 6.6% in Q1 2026.
- Quarterly EBT Margin rose 19.0% year-over-year to 6.6% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.84% (up 4068.0% YoY) and the FY2025 annual result came in at 5.9%, up 4461.0% from the prior year.
- EBT Margin grew to 6.6% in Q1 2026, from 7.15% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 16.81% in Q2 2022 to a low of 177.33% in Q2 2024.
- A 5-year average of 9.05% and a median of 3.7% in 2025 frame the typical range for EBT Margin.
- Annual changes were most pronounced in 2024 — EBT Margin sank 18445 bps — and 2025, when it surged 17133 bps.
- Tracing FWRD's EBT Margin over 5 years: stood at 10.28% in 2022, then tumbled by 160 bps to 6.2% in 2023, then jumped by 181 bps to 5.0% in 2024, then slumped by 243 bps to 7.15% in 2025, then increased by 8 bps to 6.6% in 2026.
- The last three EBT Margin figures came in at 6.6% (Q1 2026), 7.15% (Q4 2025), and 3.7% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn | 3.33% |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn | 8.43% |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - | 6.94% |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn | 10.23% |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn | 4.82% |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 19.46% |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn | 4.57% |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 1.39% |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 14.51% |
| 10 | Forward Air | 577.19 Mn | 437.74 Mn | 617.46 Mn | -36.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -36.26% |
| Mar 31, 2026 | -6.60% |
| Dec 31, 2025 | -7.15% |
| Sep 30, 2025 | -3.70% |
| Jun 30, 2025 | -6.00% |
| Mar 31, 2025 | -6.78% |
| Dec 31, 2024 | 5.00% |
| Sep 30, 2024 | -5.02% |
| Jun 30, 2024 | -177.33% |
| Mar 31, 2024 | -19.78% |
| Dec 31, 2023 | -6.20% |
| Sep 30, 2023 | 2.65% |
| Jun 30, 2023 | 7.12% |
| Mar 31, 2023 | 12.54% |
| Dec 31, 2022 | 10.28% |
| Sep 30, 2022 | 16.19% |
| Jun 30, 2022 | 16.81% |
| Mar 31, 2022 | 14.10% |
| Dec 31, 2021 | 21.02% |
| Sep 30, 2021 | 9.89% |