Forward Air (FWRD) Net Income (2009 - 2026)
Forward Air's Net Income came in at -$245.93 million for Q2 2026, compared with -$20.36 million a year earlier.
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Analysis
Forward Air (FWRD) Net Income (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Forward Air reported Net Income of -$346.3 million; for FY2025, it came in at -$141.73 million.
- Going back by year, Net Income was -$1.13 billion in FY2024, $167.35 million in FY2023 (-13.4%), $193.19 million in FY2022 (+82.5%) and $105.86 million in FY2021 (+346.0%).
- The Q2 2026 figure represents the lowest quarterly Net Income since Q2 2024.
- The fastest year-over-year change in Net Income over five years came in Q1 2022 (growth of 281.8%), and the weakest in Q3 2023 (a decline of 82.2%).
- Business Quant data shows FWRD's Net Income at -$40.2 million (Q1 2026), -$36.41 million (Q4 2025) and -$23.76 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 1.99 Bn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 1.00 Bn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 740.28 Mn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 604.00 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 734.00 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 1.60 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 1.60 Bn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 350.60 Mn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 625.00 Mn |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | -245.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -245.93 Mn |
| Mar 31, 2026 | -40.20 Mn |
| Dec 31, 2025 | -36.41 Mn |
| Sep 30, 2025 | -23.76 Mn |
| Jun 30, 2025 | -20.36 Mn |
| Mar 31, 2025 | -61.19 Mn |
| Dec 31, 2024 | -35.75 Mn |
| Sep 30, 2024 | -35.34 Mn |
| Jun 30, 2024 | -971.35 Mn |
| Mar 31, 2024 | -88.79 Mn |
| Dec 31, 2023 | 101.74 Mn |
| Sep 30, 2023 | 9.29 Mn |
| Jun 30, 2023 | 19.95 Mn |
| Mar 31, 2023 | 36.37 Mn |
| Dec 31, 2022 | 42.94 Mn |
| Sep 30, 2022 | 52.13 Mn |
| Jun 30, 2022 | 55.43 Mn |
| Mar 31, 2022 | 42.69 Mn |
| Dec 31, 2021 | 40.47 Mn |
| Sep 30, 2021 | 23.54 Mn |
API Access
Forward Air Net Income 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=net-income&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();