Forward Air (FWRD) Intangibles (2009 - 2026)
Forward Air's (FWRD) quarterly Intangibles came in at $884.0 million in Q1 2026, down 9.44% YoY from $976.1 million in Q1 2025, and down 2.51% on a QoQ basis from $906.8 million in Q4 2025.
Forward Air (FWRD) Intangibles (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Intangibles data on file, last reported at $884.0 million in Q1 2026.
- Quarterly Intangibles fell 9.44% year-over-year to $884.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $884.0 million (down 9.44% YoY) and the FY2025 annual result came in at $906.8 million, down 9.25% from the prior year.
- Intangibles slipped to $884.0 million in Q1 2026, from $906.8 million in the prior quarter.
- In the past five years, Intangibles ranged from a high of $1.3 billion in Q1 2024 to a low of $115.6 million in Q4 2022.
- A 5-year average of $608.7 million and a median of $884.0 million in 2026 frame the typical range for Intangibles.
- Annual changes were most pronounced in 2022 — Intangibles declined 25.29% — and 2024, when it jumped 713.86%.
- Tracing FWRD's Intangibles over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | 3.95 Bn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | - |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | - |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | - |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 996.72 Mn |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | 38.74 Mn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | - |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 839.00 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | 12.95 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | 860.92 Mn |
Historic Data
Download 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 |