Forward Air (FWRD) Enterprise Value (2009 - 2026)
Forward Air (FWRD) reported Enterprise Value of -$99.7 million for Q1 2026, down 238.52% on a YoY basis from $72.0 million in Q1 2025, and down 72.94% quarter-over-quarter from -$57.7 million in Q4 2025.
Forward Air (FWRD) Enterprise Value (2009 - 2026) Analysis & Trends
Forward Air has reported Enterprise Value for 18 years, with the latest figure at -$99.7 million in Q1 2026.
- For the quarter ending Q1 2026, Enterprise Value fell 238.52% year-over-year to -$99.7 million; the trailing twelve-month figure through Mar 2026 stood at -$99.7 million (down 238.52% YoY), and the FY2025 full-year result was -$57.7 million, down 177.78% from the prior year.
- Enterprise Value for Q1 2026 stood at -$99.7 million, down from -$57.7 million in the prior quarter.
- The five-year high for Enterprise Value was $386.1 million in Q1 2024, with the low at -$99.7 million in Q1 2026.
- Historically, Enterprise Value has averaged $7.3 million across 5 years, with a median of -$26.2 million in 2024.
- Annual changes were most pronounced in 2025 — Enterprise Value soared 1549.76% — and 2026, when it tumbled 238.52%.
- Forward Air's Enterprise Value stood at -$45.8 million in 2022, then climbed by 13.57% to -$39.6 million in 2023, then soared by 47.57% to -$20.8 million in 2024, then plunged by 177.78% to -$57.7 million in 2025, then tumbled by 72.94% to -$99.7 million in 2026.
- The last three Enterprise Value figures came in at -$99.7 million (Q1 2026), -$57.7 million (Q4 2025), and $56.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn | -5.77 Bn |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | -11.69 Bn |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | -4.56 Mn |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | -159.67 Mn |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | -1.31 Bn |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | -410.95 Mn |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | -759.00 Mn |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | -4.30 Bn |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | -314.02 Mn |
| 10 | Forward Air | 326.09 Mn | 226.34 Mn | 526.45 Mn | -99.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -99.75 Mn |
| Dec 31, 2025 | -57.68 Mn |
| Sep 30, 2025 | 56.06 Mn |
| Jun 30, 2025 | 64.27 Mn |
| Mar 31, 2025 | 72.01 Mn |
| Dec 31, 2024 | -20.76 Mn |
| Sep 30, 2024 | -26.17 Mn |
| Jun 30, 2024 | -4.43 Mn |
| Mar 31, 2024 | 386.14 Mn |
| Dec 31, 2023 | -39.60 Mn |
| Jun 30, 2023 | -18.28 Mn |
| Dec 31, 2022 | -45.82 Mn |
| Sep 30, 2022 | -46.85 Mn |
| Jun 30, 2022 | -47.39 Mn |
| Mar 31, 2022 | -61.63 Mn |
| Dec 31, 2021 | -37.32 Mn |
| Sep 30, 2021 | -51.93 Mn |
| Jun 30, 2021 | -50.84 Mn |
| Mar 31, 2021 | -24.40 Mn |
| Dec 31, 2020 | -40.25 Mn |