Forward Air (FWRD) Goodwill (2009 - 2026)
Forward Air's Goodwill was $278.71 million in Q2 2026, down 46.7% from $522.71 million a year earlier and down 46.7% from the prior quarter.
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Analysis
Forward Air (FWRD) Goodwill (2009 - 2026) Analysis & Trends
At the end of FY2025, Goodwill at Forward Air came in at $522.71 million, unchanged from FY2024.
- Goodwill shows a five-year compound annual growth rate of 16.4% (FY2020 to FY2025).
- In earlier years, Goodwill was $522.71 million in FY2024 (+87.5%), $278.71 million in FY2023 (+8.0%), $257.99 million in FY2022 (+18.0%) and $218.56 million in FY2021 (-10.8%).
- Quarterly Goodwill has moved between $218.56 million (Q4 2021) and $1.38 billion (Q1 2024) over five years.
- Compared with a year earlier, Goodwill was higher in two of the last eight quarters, with growth averaging 6.0%.
- The best year-over-year quarter for Goodwill over five years was Q1 2024 (growth of 286.7%); the worst was Q1 2025 (a decline of 62.1%).
- Per Business Quant data, FWRD's Goodwill in the three quarters before Q2 2026 was $522.71 million (Q1 2026), $522.71 million (Q4 2025) and $522.71 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn |
| 10 | Forward Air | 515.15 Mn | -18.91 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 278.71 Mn |
| Mar 31, 2026 | 522.71 Mn |
| Dec 31, 2025 | 522.71 Mn |
| Sep 30, 2025 | 522.71 Mn |
| Jun 30, 2025 | 522.71 Mn |
| Mar 31, 2025 | 522.71 Mn |
| Dec 31, 2024 | 522.71 Mn |
| Sep 30, 2024 | 716.07 Mn |
| Jun 30, 2024 | 545.38 Mn |
| Mar 31, 2024 | 1.38 Bn |
| Dec 31, 2023 | 278.71 Mn |
| Sep 30, 2023 | 356.76 Mn |
| Jun 30, 2023 | 356.76 Mn |
| Mar 31, 2023 | 356.63 Mn |
| Dec 31, 2022 | 257.99 Mn |
| Sep 30, 2022 | 288.50 Mn |
| Jun 30, 2022 | 287.60 Mn |
| Mar 31, 2022 | 265.64 Mn |
| Dec 31, 2021 | 218.56 Mn |
| Sep 30, 2021 | 254.78 Mn |
API Access
Forward Air Goodwill 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=goodwill&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "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=goodwill&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();