Forward Air (FWRD) Intangibles (2009 - 2026)
Forward Air (FWRD) reported Intangibles of $884.0 million for Q1 2026, down 9.44% on a YoY basis from $976.1 million in Q1 2025, and down 2.51% quarter-over-quarter from $906.8 million in Q4 2025.
Forward Air (FWRD) Intangibles (2009 - 2026) Analysis & Trends
Forward Air has reported Intangibles for 18 years, with the latest figure at $884.0 million in Q1 2026.
- For the quarter ending Q1 2026, Intangibles fell 9.44% year-over-year to $884.0 million; the trailing twelve-month figure through Mar 2026 stood at $884.0 million (down 9.44% YoY), and the FY2025 full-year result was $906.8 million, down 9.25% from the prior year.
- Intangibles for Q1 2026 stood at $884.0 million, down from $906.8 million in the prior quarter.
- The five-year high for Intangibles was $1.3 billion in Q1 2024, with the low at $115.6 million in Q4 2022.
- Historically, Intangibles has averaged $608.7 million across 5 years, with a median of $884.0 million in 2026.
- Annual changes were most pronounced in 2022 — Intangibles declined 25.29% — and 2024, when it jumped 713.86%.
- Forward Air's Intangibles stood at $115.6 million in 2022, then advanced by 16.62% to $134.8 million in 2023, then surged by 641.32% to $999.2 million in 2024, then decreased by 9.25% to $906.8 million in 2025, then slipped by 2.51% to $884.0 million in 2026.
- The last three Intangibles figures came in at $884.0 million (Q1 2026), $906.8 million (Q4 2025), and $929.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn | 3.98 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 | 15.80 Mn |
| 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 | 865.00 Mn |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | 996.72 Mn |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 13.85 Mn |
| 10 | Forward Air | 326.09 Mn | 226.34 Mn | 526.45 Mn | 884.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 145.81 Mn |