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
DateValue
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