Forward Air (FWRD) Interest Expenses (2009 - 2026)

Forward Air (FWRD) reported Interest Expenses of $43.6 million for Q1 2026, down 4.3% on a YoY basis from $45.5 million in Q1 2025, and down 3.35% quarter-over-quarter from $45.1 million in Q4 2025.

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

Forward Air has reported Interest Expenses for 18 years, with the latest figure at $43.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Interest Expenses fell 4.3% year-over-year to $43.6 million; the trailing twelve-month figure through Mar 2026 stood at $178.8 million (down 7.85% YoY), and the FY2025 full-year result was $180.7 million, down 4.48% from the prior year.
  • Interest Expenses for Q1 2026 stood at $43.6 million, down from $45.1 million in the prior quarter.
  • The five-year high for Interest Expenses was $52.8 million in Q3 2024, with the low at $784000.0 in Q1 2022.
  • Historically, Interest Expenses has averaged $26.5 million across 5 years, with a median of $40.8 million in 2024.
  • Annual changes were most pronounced in 2022 — Interest Expenses plunged 32.7% — and 2024, when it jumped 1887.57%.
  • Forward Air's Interest Expenses stood at $1.6 million in 2022, then surged by 1382.75% to $24.0 million in 2023, then surged by 101.98% to $48.4 million in 2024, then declined by 6.87% to $45.1 million in 2025, then decreased by 3.35% to $43.6 million in 2026.
  • The last three Interest Expenses figures came in at $43.6 million (Q1 2026), $45.1 million (Q4 2025), and $44.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn 266.00 Mn
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 17.90 Mn
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 32.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn -7.29 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn 12.80 Mn
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn 43.59 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 43.59 Mn
Mar 31, 2026 43.59 Mn
Dec 31, 2025 45.10 Mn
Dec 31, 2025 45.10 Mn
Sep 30, 2025 44.78 Mn
Sep 30, 2025 44.78 Mn
Jun 30, 2025 45.33 Mn
Jun 30, 2025 45.33 Mn
Mar 31, 2025 45.55 Mn
Mar 31, 2025 45.55 Mn
Dec 31, 2024 48.43 Mn
Dec 31, 2024 48.43 Mn
Sep 30, 2024 52.77 Mn
Sep 30, 2024 52.77 Mn
Jun 30, 2024 47.27 Mn
Jun 30, 2024 47.27 Mn
Mar 31, 2024 40.75 Mn
Mar 31, 2024 40.75 Mn
Dec 31, 2023 23.98 Mn
Dec 31, 2023 23.98 Mn