Forward Air (FWRD) Equity Ratio (2009 - 2026)

Forward Air has reported Equity Ratio for 18 years, with the latest figure at 0.03 in Q1 2026.

• For the quarter ending Q1 2026, Equity Ratio fell 62.89% year-over-year to 0.03; the trailing twelve-month figure through Mar 2026 stood at 0.03 (down 62.89% YoY), and the FY2025 full-year result was 0.04, down 59.13% from the prior year.
• Equity Ratio for Q1 2026 stood at 0.03, down from 0.04 in the prior quarter.
• The five-year high for Equity Ratio was 0.59 in Q4 2022, with the low at 0.03 in Q1 2026.
• Historically, Equity Ratio has averaged 0.3 across 5 years, with a median of 0.26 in 2023.
• Annual changes were most pronounced in 2022 — Equity Ratio climbed 10.92% — and 2024, when it plunged 80.3%.
• Forward Air's Equity Ratio stood at 0.59 in 2022, then sank by 56.19% to 0.26 in 2023, then tumbled by 60.23% to 0.1 in 2024, then plunged by 59.13% to 0.04 in 2025, then decreased by 27.92% to 0.03 in 2026.
• The last three Equity Ratio figures came in at 0.03 (Q1 2026), 0.04 (Q4 2025), and 0.07 (Q3 2025), per Business Quant data.