Forward Air (FWRD) EV to EBIT (2010 - 2026)
Forward Air's (FWRD) EV to EBIT came in at 8.22 for Q1 2026, down 58.7% from the prior quarter.
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Analysis
Forward Air (FWRD) EV to EBIT (2010 - 2026) Analysis & Trends
For the trailing twelve months through Mar 31, 2026, EV to EBIT at Forward Air was 1.67; for FY2025, it came in at 19.92.
- In prior years, Forward Air's EV to EBIT was 16.91 in FY2023 (+53.4%), 11.03 in FY2022 (-49.8%) and 21.96 in FY2021 (-21.2%).
- Quarterly EV to EBIT has run from a low of 5.86 in Q2 2025 to a high of 21.96 in Q4 2021 over five years.
- The strongest year-over-year quarter for EV to EBIT in the past five years was Q2 2021, with growth of 54.1%; the weakest was Q1 2022, with a decline of 52.5%.
- According to Business Quant data, EV to EBIT for the three prior quarters was 19.92 (Q4 2025), 6.22 (Q3 2025) and 5.86 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn |
| 10 | Forward Air | 506.38 Mn | -27.68 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 8.22 |
| Dec 31, 2025 | 19.92 |
| Sep 30, 2025 | 6.22 |
| Jun 30, 2025 | 5.86 |
| Dec 31, 2023 | 16.91 |
| Sep 30, 2023 | 13.61 |
| Jun 30, 2023 | 14.44 |
| Mar 31, 2023 | 11.69 |
| Dec 31, 2022 | 11.03 |
| Sep 30, 2022 | 9.63 |
| Jun 30, 2022 | 11.27 |
| Mar 31, 2022 | 14.12 |
| Dec 31, 2021 | 21.96 |
| Sep 30, 2021 | 17.07 |
| Jun 30, 2021 | 21.85 |
| Mar 31, 2021 | 29.70 |
| Dec 31, 2020 | 27.85 |
| Sep 30, 2020 | 17.68 |
| Jun 30, 2020 | 14.18 |
| Mar 31, 2020 | 12.39 |
API Access
Forward Air EV to EBIT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();