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| Date | Value |
|---|---|
| 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 |