Forward Air (FWRD) Interest Coverage Ratio (2009 - 2026)

Forward Air (FWRD) reported Interest Coverage Ratio of 0.47 for Q1 2026, up 348.46% on a YoY basis from 0.1 in Q1 2025, and up 837.45% quarter-over-quarter from 0.06 in Q4 2025.

Forward Air (FWRD) Interest Coverage Ratio (2009 - 2026) Analysis & Trends

Forward Air has reported Interest Coverage Ratio for 18 years, with the latest figure at 0.47 in Q1 2026.

  • For the quarter ending Q1 2026, Interest Coverage Ratio rose 348.46% year-over-year to 0.47; the trailing twelve-month figure through Mar 2026 stood at 0.29 (up 105.7% YoY), and the FY2025 full-year result was 0.2, up 103.59% from the prior year.
  • Interest Coverage Ratio for Q1 2026 stood at 0.47, up from 0.06 in the prior quarter.
  • The five-year high for Interest Coverage Ratio was 73.15 in Q1 2022, with the low at 23.18 in Q2 2024.
  • Historically, Interest Coverage Ratio has averaged 13.1 across 5 years, with a median of 0.47 in 2026.
  • The largest YoY upside for Interest Coverage Ratio was 1151.85% in 2024 against a maximum downside of 327.65% in 2024.
  • Forward Air's Interest Coverage Ratio stood at 26.61 in 2022, then plunged by 99.53% to 0.13 in 2023, then surged by 1151.85% to 1.57 in 2024, then tumbled by 104.06% to 0.06 in 2025, then surged by 837.45% to 0.47 in 2026.
  • The last three Interest Coverage Ratio figures came in at 0.47 (Q1 2026), 0.06 (Q4 2025), and 0.34 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn 4.76
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 11.56
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 1.22
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn -50.42
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn -1.68
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn 0.47

Historic Data

Download Data
DateValue
Mar 31, 2026 0.47
Dec 31, 2025 -0.06
Sep 30, 2025 0.34
Jun 30, 2025 0.43
Mar 31, 2025 0.10
Dec 31, 2024 1.57
Sep 30, 2024 0.43
Jun 30, 2024 -23.18
Mar 31, 2024 -1.61
Dec 31, 2023 0.13
Sep 30, 2023 4.40
Jun 30, 2023 10.18
Mar 31, 2023 20.04
Dec 31, 2022 26.61
Sep 30, 2022 46.42
Jun 30, 2022 63.32
Mar 31, 2022 73.15
Dec 31, 2021 45.27
Sep 30, 2021 43.65
Jun 30, 2021 31.84