Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Forward Air (FWRD) Invested Capital (2016 - 2025)

Forward Air's Invested Capital history spans 17 years, with the latest figure at $200.0 million for Q4 2025.

  • For Q4 2025, Invested Capital fell 40.04% year-over-year to $200.0 million; the TTM value through Dec 2025 reached $200.0 million, down 40.04%, while the annual FY2025 figure was $200.0 million, 40.04% down from the prior year.
  • Invested Capital reached $200.0 million in Q4 2025 per FWRD's latest filing, down from $1.8 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $3.0 billion in Q1 2024 to a low of $200.0 million in Q4 2025.
  • Average Invested Capital over 5 years is $773.0 million, with a median of $759.5 million recorded in 2021.
  • The largest YoY upside for Invested Capital was 374.25% in 2025 against a maximum downside of 91.87% in 2025.
  • A 5-year view of Invested Capital shows it stood at $750.6 million in 2021, then increased by 8.62% to $815.3 million in 2022, then decreased by 1.43% to $803.6 million in 2023, then tumbled by 58.48% to $333.7 million in 2024, then crashed by 40.04% to $200.0 million in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Invested Capital are $200.0 million (Q4 2025), $1.8 billion (Q3 2025), and $233.1 million (Q2 2025).