Forward Air (FWRD) Intangibles (2009 - 2026)
Forward Air's Intangibles was $860.92 million in Q2 2026, down 9.7% from $952.97 million a year earlier and down 2.6% from the prior quarter.
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Analysis
Forward Air (FWRD) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, Intangibles at Forward Air came in at $906.79 million, down 9.2% from FY2024.
- Intangibles shows a five-year compound annual growth rate of 44.3% (FY2020 to FY2025).
- In earlier years, Intangibles was $999.22 million in FY2024 (+641.3%), $134.79 million in FY2023 (+16.6%), $115.58 million in FY2022 (-25.3%) and $154.72 million in FY2021 (+6.7%).
- The Q2 2026 figure marks the lowest quarterly Intangibles since Q4 2023.
- Compared with a year earlier, Intangibles has declined for six straight quarters, with growth averaging 145.2% over the last eight quarters.
- The best year-over-year quarter for Intangibles over five years was Q2 2024 (growth of 713.9%); the worst was Q4 2022 (a decline of 25.3%).
- Per Business Quant data, FWRD's Intangibles in the three quarters before Q2 2026 was $884.02 million (Q1 2026), $906.79 million (Q4 2025) and $929.89 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | - |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 2.15 Bn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 3.95 Bn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | - |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | - |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 5.96 Bn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | - |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 170.17 Mn |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | 860.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 860.92 Mn |
| Mar 31, 2026 | 884.02 Mn |
| Dec 31, 2025 | 906.79 Mn |
| Sep 30, 2025 | 929.89 Mn |
| Jun 30, 2025 | 952.97 Mn |
| Mar 31, 2025 | 976.12 Mn |
| Dec 31, 2024 | 999.22 Mn |
| Sep 30, 2024 | 1.03 Bn |
| Jun 30, 2024 | 1.23 Bn |
| Mar 31, 2024 | 1.26 Bn |
| Dec 31, 2023 | 134.79 Mn |
| Sep 30, 2023 | 146.71 Mn |
| Jun 30, 2023 | 151.22 Mn |
| Mar 31, 2023 | 155.73 Mn |
| Dec 31, 2022 | 115.58 Mn |
| Sep 30, 2022 | 155.16 Mn |
| Jun 30, 2022 | 160.22 Mn |
| Mar 31, 2022 | 150.64 Mn |
| Dec 31, 2021 | 154.72 Mn |
| Sep 30, 2021 | 142.20 Mn |
API Access
Forward Air Intangibles 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=intangibles&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();