Forward Air (FWRD) Income from Non-Controlling Interests (2024 - 2026)

Forward Air (FWRD) reported Income from Non-Controlling Interests of -$6.3 million for Q1 2026, up 40.16% on a YoY basis from -$4.5 million in Q1 2025, and up 10.79% quarter-over-quarter from -$7.1 million in Q4 2025.

Forward Air (FWRD) Income from Non-Controlling Interests (2024 - 2026) Analysis & Trends

Forward Air has reported Income from Non-Controlling Interests for 3 years, with the latest figure at -$6.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Income from Non-Controlling Interests rose 40.16% year-over-year to -$6.3 million; the trailing twelve-month figure through Mar 2026 stood at -$28.7 million (up 90.37% YoY), and the FY2025 full-year result was -$32.9 million, up 89.52% from the prior year.
  • Income from Non-Controlling Interests for Q1 2026 stood at -$6.3 million, up from -$7.1 million in the prior quarter.
  • The five-year high for Income from Non-Controlling Interests was $38.1 million in Q3 2024, with the low at -$325.9 million in Q2 2024.
  • Historically, Income from Non-Controlling Interests has averaged -$39.3 million across 3 years, with a median of -$7.5 million in 2025.
  • The largest YoY upside for Income from Non-Controlling Interests was 97.61% in 2025 against a maximum downside of 1166.11% in 2025.
  • Forward Air's Income from Non-Controlling Interests stood at $664000.0 in 2024, then plunged by 1166.11% to -$7.1 million in 2025, then grew by 10.79% to -$6.3 million in 2026.
  • The last three Income from Non-Controlling Interests figures came in at -$6.3 million (Q1 2026), -$7.1 million (Q4 2025), and -$7.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inc. Minority (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 245,000.00
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn -
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn 1.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn -5.51 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 -6.32 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -6.32 Mn
Dec 31, 2025 -7.08 Mn
Sep 30, 2025 -7.51 Mn
Jun 30, 2025 -7.78 Mn
Mar 31, 2025 -10.55 Mn
Dec 31, 2024 664,000.00
Sep 30, 2024 38.07 Mn
Jun 30, 2024 -325.91 Mn
Mar 31, 2024 -27.08 Mn