Forward Air (FWRD) Equity Average (2010 - 2026)

Forward Air (FWRD) reported Equity Average of $97.2 million for Q1 2026, down 62.11% on a YoY basis from $256.4 million in Q1 2025, and down 37.14% quarter-over-quarter from $154.6 million in Q4 2025.

Forward Air (FWRD) Equity Average (2010 - 2026) Analysis & Trends

Forward Air has reported Equity Average for 17 years, with the latest figure at $97.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Equity Average fell 62.11% year-over-year to $97.2 million; the trailing twelve-month figure through Mar 2026 stood at $97.2 million (down 62.11% YoY), and the FY2025 full-year result was $199.6 million, down 61.98% from the prior year.
  • Equity Average for Q1 2026 stood at $97.2 million, down from $154.6 million in the prior quarter.
  • The five-year high for Equity Average was $1.0 billion in Q1 2024, with the low at $97.2 million in Q1 2026.
  • Historically, Equity Average has averaged $521.3 million across 5 years, with a median of $638.1 million in 2022.
  • Annual changes were most pronounced in 2024 — Equity Average surged 50.53% — and 2025, when it tumbled 75.54%.
  • Forward Air's Equity Average stood at $695.0 million in 2022, then grew by 2.88% to $715.0 million in 2023, then plunged by 56.47% to $311.2 million in 2024, then sank by 50.32% to $154.6 million in 2025, then sank by 37.14% to $97.2 million in 2026.
  • The last three Equity Average figures came in at $97.2 million (Q1 2026), $154.6 million (Q4 2025), and $206.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Avg. (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn 16.01 Bn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn 14.20 Bn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn 3.58 Bn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn 1.77 Bn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn 2.32 Bn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn 797.32 Mn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn 2.99 Bn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn -
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn -847.97 Mn
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn 97.17 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 97.17 Mn
Dec 31, 2025 154.59 Mn
Sep 30, 2025 206.04 Mn
Jun 30, 2025 221.62 Mn
Mar 31, 2025 256.44 Mn
Dec 31, 2024 311.20 Mn
Sep 30, 2024 349.38 Mn
Jun 30, 2024 847.33 Mn
Mar 31, 2024 1.05 Bn
Dec 31, 2023 714.98 Mn
Sep 30, 2023 669.65 Mn
Jun 30, 2023 679.62 Mn
Mar 31, 2023 696.44 Mn
Dec 31, 2022 694.97 Mn
Sep 30, 2022 673.52 Mn
Jun 30, 2022 638.06 Mn
Mar 31, 2022 602.71 Mn
Dec 31, 2021 574.60 Mn
Sep 30, 2021 552.94 Mn
Jun 30, 2021 547.54 Mn