Forward Air (FWRD) Liabilities and Shareholders Equity (2009 - 2026)
Forward Air's Liabilities and Shareholders Equity came in at $2.41 billion for Q2 2026, down 12.7% from $2.76 billion a year earlier and down 10.6% from the prior quarter.
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Analysis
Forward Air (FWRD) Liabilities and Shareholders Equity (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air's Liabilities and Shareholders Equity was $2.72 billion, down 3.0% from FY2024.
- Liabilities and Shareholders Equity carries a five-year compound annual growth rate of 21.0% (FY2020 to FY2025).
- Going back by year, Liabilities and Shareholders Equity was $2.8 billion in FY2024 (-5.9%), $2.98 billion in FY2023 (+146.6%), $1.21 billion in FY2022 (+8.1%) and $1.12 billion in FY2021 (+6.7%).
- The Q2 2026 figure represents the lowest quarterly Liabilities and Shareholders Equity since Q3 2023.
- Year-over-year, Liabilities and Shareholders Equity has declined for seven consecutive quarters, with growth averaging 10.4% over the last eight quarters.
- The fastest year-over-year change in Liabilities and Shareholders Equity over five years came in Q1 2024 (growth of 222.8%), and the weakest in Q1 2025 (a decline of 29.2%).
- Business Quant data shows FWRD's Liabilities and Shareholders Equity at $2.7 billion (Q1 2026), $2.72 billion (Q4 2025) and $2.79 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 71.21 Bn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 44.73 Bn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 64.54 Bn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 71.27 Bn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 45.12 Bn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 98.94 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 86.32 Bn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 5.74 Bn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 21.11 Bn |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | 2.41 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.41 Bn |
| Mar 31, 2026 | 2.70 Bn |
| Dec 31, 2025 | 2.72 Bn |
| Sep 30, 2025 | 2.79 Bn |
| Jun 30, 2025 | 2.76 Bn |
| Mar 31, 2025 | 2.80 Bn |
| Dec 31, 2024 | 2.80 Bn |
| Sep 30, 2024 | 3.06 Bn |
| Jun 30, 2024 | 3.07 Bn |
| Mar 31, 2024 | 3.96 Bn |
| Dec 31, 2023 | 2.98 Bn |
| Sep 30, 2023 | 1.19 Bn |
| Jun 30, 2023 | 1.18 Bn |
| Mar 31, 2023 | 1.23 Bn |
| Dec 31, 2022 | 1.21 Bn |
| Sep 30, 2022 | 1.19 Bn |
| Jun 30, 2022 | 1.20 Bn |
| Mar 31, 2022 | 1.17 Bn |
| Dec 31, 2021 | 1.12 Bn |
| Sep 30, 2021 | 1.07 Bn |
API Access
Forward Air Liabilities and Shareholders Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();