Forward Air (FWRD) Net Income (2009 - 2026)
Forward Air's (FWRD) quarterly Net Income came in at -$40.2 million in Q1 2026, up 34.31% YoY from -$29.9 million in Q1 2025, and up 34.31% on a QoQ basis from -$61.2 million in Q1 2025.
Forward Air (FWRD) Net Income (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Net Income data on file, last reported at -$40.2 million in Q1 2026.
- Quarterly Net Income rose 34.31% year-over-year to -$40.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$40.2 million (up 40.52% YoY) and the FY2024 annual result came in at -$6.4 million, down 105.13% from the prior year.
- Net Income improved to -$40.2 million in Q1 2026, from -$61.2 million in the prior quarter.
- In the past five years, Net Income ranged from a high of $116.5 million in Q4 2023 to a low of -$61.2 million in Q1 2025.
- A 5-year average of $2.3 million and a median of $2.5 million in 2023 frame the typical range for Net Income.
- Annual changes were most pronounced in 2023 — Net Income jumped 2861.23% — and 2024, when it sank 272.66%.
- Tracing FWRD's Net Income over 5 years: stood at $3.9 million in 2022, then jumped by 2861.23% to $116.5 million in 2023, then sank by 100.32% to -$374000.0 in 2024, then sank by 16261.23% to -$61.2 million in 2025, then soared by 34.31% to -$40.2 million in 2026.
- The last three Net Income figures came in at -$40.2 million (Q1 2026), -$61.2 million (Q1 2025), and -$374000.0 (Q4 2024), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | 604.00 Mn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | 1.60 Bn |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | 181.03 Mn |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | 267.26 Mn |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 454.44 Mn |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | 186.79 Mn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | 48.95 Mn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 27.00 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | 49.91 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | -245.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -2.08 Mn |
| Mar 31, 2026 | -40.20 Mn |
| Mar 31, 2025 | -61.19 Mn |
| Dec 31, 2024 | -374,000.00 |
| Sep 30, 2024 | -1.14 Mn |
| Jun 30, 2024 | -4.88 Mn |
| Dec 31, 2023 | 116.47 Mn |
| Sep 30, 2023 | 2.80 Mn |
| Jun 30, 2023 | 2.82 Mn |
| Mar 31, 2023 | 2.46 Mn |
| Dec 31, 2022 | 3.93 Mn |
| Sep 30, 2022 | 3.63 Mn |
| Jun 30, 2022 | 4.00 Mn |
| Mar 31, 2022 | 2.22 Mn |
| Dec 31, 2021 | 11.48 Mn |
| Sep 30, 2021 | -6.97 Mn |
| Mar 31, 2021 | -5.53 Mn |
| Dec 31, 2020 | -19.58 Mn |
| Sep 30, 2020 | -345,000.00 |
| Jun 30, 2020 | -6.07 Mn |