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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) Gross Margin (2016 - 2026)

Forward Air filings provide 18 years of Gross Margin readings, the most recent being 90.45% for Q1 2026.

  • On a quarterly basis, Gross Margin fell 863.0% to 90.45% in Q1 2026 year-over-year; TTM through Mar 2026 was 93.96%, a 190.0% increase, with the full-year FY2025 number at 90.27%, up 278.0% from a year prior.
  • Gross Margin hit 90.45% in Q1 2026 for Forward Air, up from 86.85% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 99.2% in Q3 2025 to a low of 56.42% in Q4 2022.
  • Median Gross Margin over the past 5 years was 89.8% (2024), compared with a mean of 89.72%.
  • Biggest five-year swings in Gross Margin: crashed -9689bps in 2022 and later soared 4202bps in 2023.
  • Forward Air's Gross Margin stood at 56.42% in 2022, then soared by 74bps to 98.44% in 2023, then dropped by -11bps to 88.1% in 2024, then fell by -1bps to 86.85% in 2025, then rose by 4bps to 90.45% in 2026.
  • The last three reported values for Gross Margin were 90.45% (Q1 2026), 86.85% (Q4 2025), and 99.2% (Q3 2025) per Business Quant data.