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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Forward Air (FWRD) Equity Ratio (2016 - 2025)

Forward Air's Equity Ratio history spans 17 years, with the latest figure at 0.06 for Q4 2025.

  • For Q4 2025, Equity Ratio fell 41.71% year-over-year to 0.06; the TTM value through Dec 2025 reached 0.06, down 41.71%, while the annual FY2025 figure was 0.06, 41.71% down from the prior year.
  • Equity Ratio reached 0.06 in Q4 2025 per FWRD's latest filing, up from 0.05 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.59 in Q4 2022 to a low of 0.05 in Q3 2025.
  • Average Equity Ratio over 5 years is 0.36, with a median of 0.51 recorded in 2021.
  • Peak YoY movement for Equity Ratio: grew 10.92% in 2022, then crashed 80.3% in 2024.
  • A 5-year view of Equity Ratio shows it stood at 0.53 in 2021, then increased by 10.23% to 0.59 in 2022, then tumbled by 56.19% to 0.26 in 2023, then crashed by 60.23% to 0.1 in 2024, then tumbled by 41.71% to 0.06 in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Equity Ratio are 0.06 (Q4 2025), 0.05 (Q3 2025), and 0.08 (Q2 2025).