Forward Air (FWRD) Invested Capital (2009 - 2026)

Forward Air has reported Invested Capital for 18 years, with the latest figure at $1.8 billion in Q1 2026.

• For the quarter ending Q1 2026, Invested Capital rose 624.58% year-over-year to $1.8 billion; the trailing twelve-month figure through Mar 2026 stood at $1.8 billion (up 624.58% YoY), and the FY2025 full-year result was $1.8 billion, up 439.66% from the prior year.
• Invested Capital for Q1 2026 stood at $1.8 billion, down from $1.8 billion in the prior quarter.
• The five-year high for Invested Capital was $3.0 billion in Q1 2024, with the low at $233.1 million in Q2 2025.
• Historically, Invested Capital has averaged $969.5 million across 5 years, with a median of $796.0 million in 2023.
• Annual changes were most pronounced in 2025 — Invested Capital plunged 91.87% — and 2026, when it soared 624.58%.
• Forward Air's Invested Capital stood at $815.3 million in 2022, then fell by 1.43% to $803.6 million in 2023, then plunged by 58.48% to $333.7 million in 2024, then soared by 439.66% to $1.8 billion in 2025, then decreased by 1.63% to $1.8 billion in 2026.
• The last three Invested Capital figures came in at $1.8 billion (Q1 2026), $1.8 billion (Q4 2025), and $1.9 billion (Q3 2025), per Business Quant data.