Forward Air (FWRD) Interest Expenses (2009 - 2026)
Forward Air's (FWRD) quarterly Interest Expenses came in at $43.6 million in Q1 2026, down 4.3% YoY from $45.5 million in Q1 2025, and down 3.35% on a QoQ basis from $45.1 million in Q4 2025.
Forward Air (FWRD) Interest Expenses (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Interest Expenses data on file, last reported at $43.6 million in Q1 2026.
- Quarterly Interest Expenses fell 4.3% year-over-year to $43.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $178.8 million (up 49.78% YoY) and the FY2025 annual result came in at $180.7 million, down 4.48% from the prior year.
- Interest Expenses retreated to $43.6 million in Q1 2026, from $45.1 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $52.8 million in Q3 2024 to a low of -$26.2 million in Q4 2024.
- A 5-year average of $22.1 million and a median of $24.0 million in 2023 frame the typical range for Interest Expenses.
- The widest YoY moves for Interest Expenses: up 1887.57% in 2024, down 209.33% in 2024.
- Tracing FWRD's Interest Expenses over 5 years: stood at $1.8 million in 2022, then surged by 1207.31% to $24.0 million in 2023, then slumped by 209.33% to -$26.2 million in 2024, then soared by 272.04% 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | 272.00 Mn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | - |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | 16.77 Mn |
| 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 | -7.26 Mn |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | - |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | 812,000.00 |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 35.00 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | 12.42 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | 43.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 76.66 Mn |
| Jun 30, 2026 | 76.66 Mn |
| 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 | -26.21 Mn |
| Dec 31, 2024 | -26.21 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 |