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Ratios
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 - 2026)

Forward Air filings provide 18 years of Equity Ratio readings, the most recent being 0.03 for Q1 2026.

  • On a quarterly basis, Equity Ratio fell 62.89% to 0.03 in Q1 2026 year-over-year; TTM through Mar 2026 was 0.03, a 62.89% decrease, with the full-year FY2025 number at 0.04, down 59.13% from a year prior.
  • Equity Ratio hit 0.03 in Q1 2026 for Forward Air, down from 0.04 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 0.03 in Q1 2026.
  • Median Equity Ratio over the past 5 years was 0.26 (2023), compared with a mean of 0.3.
  • Biggest five-year swings in Equity Ratio: increased 10.92% in 2022 and later plummeted 80.3% in 2024.
  • Forward Air's Equity Ratio stood at 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 plummeted by 59.13% to 0.04 in 2025, then dropped by 27.92% to 0.03 in 2026.
  • The last three reported values for Equity Ratio were 0.03 (Q1 2026), 0.04 (Q4 2025), and 0.07 (Q3 2025) per Business Quant data.