Forward Air (FWRD) Gross Profit (2009 - 2026)

Forward Air (FWRD) reported Gross Profit of $526.5 million for Q1 2026, down 13.36% on a YoY basis from $607.6 million in Q1 2025, and down 3.97% quarter-over-quarter from $548.2 million in Q4 2025.

Forward Air (FWRD) Gross Profit (2009 - 2026) Analysis & Trends

Forward Air has reported Gross Profit for 18 years, with the latest figure at $526.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Gross Profit fell 13.36% year-over-year to $526.5 million; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (down 1.22% YoY), and the FY2025 full-year result was $2.3 billion, up 4.05% from the prior year.
  • Gross Profit for Q1 2026 stood at $526.5 million, down from $548.2 million in the prior quarter.
  • The five-year high for Gross Profit was $626.7 million in Q3 2025, with the low at $227.4 million in Q4 2022.
  • Historically, Gross Profit has averaged $456.0 million across 5 years, with a median of $433.9 million in 2022.
  • Annual changes were most pronounced in 2023 — Gross Profit plunged 31.7% — and 2024, when it surged 95.03%.
  • Forward Air's Gross Profit stood at $227.4 million in 2022, then soared by 46.51% to $333.2 million in 2023, then jumped by 67.34% to $557.5 million in 2024, then retreated by 1.67% to $548.2 million in 2025, then slipped by 3.97% to $526.5 million in 2026.
  • The last three Gross Profit figures came in at $526.5 million (Q1 2026), $548.2 million (Q4 2025), and $626.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 526.45 Mn
Mar 31, 2026 526.45 Mn
Dec 31, 2025 548.20 Mn
Dec 31, 2025 548.20 Mn
Sep 30, 2025 626.73 Mn
Sep 30, 2025 626.73 Mn
Jun 30, 2025 613.57 Mn
Jun 30, 2025 613.57 Mn
Mar 31, 2025 607.63 Mn
Mar 31, 2025 607.63 Mn
Dec 31, 2024 557.51 Mn
Dec 31, 2024 557.51 Mn
Sep 30, 2024 600.37 Mn
Sep 30, 2024 600.37 Mn
Jun 30, 2024 578.00 Mn
Jun 30, 2024 578.00 Mn
Mar 31, 2024 428.87 Mn
Mar 31, 2024 428.87 Mn
Dec 31, 2023 333.16 Mn
Dec 31, 2023 333.16 Mn