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) Net Margin (2016 - 2026)

Forward Air filings provide 18 years of Net Margin readings, the most recent being 6.91% for Q1 2026.

  • On a quarterly basis, Net Margin rose 307.0% to 6.91% in Q1 2026 year-over-year; TTM through Mar 2026 was 1.63%, a 102.0% increase, with the full-year FY2024 number at 0.26%, down 934.0% from a year prior.
  • Net Margin hit 6.91% in Q1 2026 for Forward Air, up from 9.98% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 34.41% in Q4 2023 to a low of 9.98% in Q1 2025.
  • Median Net Margin over the past 5 years was 0.69% (2023), compared with a mean of 1.7%.
  • Biggest five-year swings in Net Margin: surged 3344bps in 2023 and later tumbled -3447bps in 2024.
  • Forward Air's Net Margin stood at 0.98% in 2022, then skyrocketed by 3427bps to 34.41% in 2023, then crashed by -100bps to 0.06% in 2024, then plummeted by -16783bps to 9.98% in 2025, then surged by 31bps to 6.91% in 2026.
  • The last three reported values for Net Margin were 6.91% (Q1 2026), 9.98% (Q1 2025), and 0.06% (Q4 2024) per Business Quant data.