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| Date | Value |
|---|---|
| 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 |