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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 - 2025)

Forward Air (FWRD) has disclosed Equity Ratio for 17 consecutive years, with 0.04 as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Equity Ratio fell 42.08% year-over-year to 0.04, compared with a TTM value of 0.04 through Dec 2025, down 42.08%, and an annual FY2025 reading of 0.04, down 42.08% over the prior year.
  • Equity Ratio was 0.04 for Q4 2025 at Forward Air, down from 0.07 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.59 in Q4 2022 and bottomed at 0.04 in Q4 2025.
  • Average Equity Ratio over 5 years is 0.35, with a median of 0.51 recorded in 2021.
  • The sharpest move saw Equity Ratio grew 10.23% in 2022, then crashed 71.94% in 2024.
  • Year by year, Equity Ratio 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 plummeted by 71.94% to 0.07 in 2024, then plummeted by 42.08% to 0.04 in 2025.
  • Business Quant data shows Equity Ratio for FWRD at 0.04 in Q4 2025, 0.07 in Q3 2025, and 0.08 in Q2 2025.