Forward Air (FWRD) Non-Current Debt (2009 - 2026)
Forward Air (FWRD) reported Non-Current Debt of $1.69 billion for Q2 2026, up 0.7% from $1.68 billion a year earlier and up 0.2% from the prior quarter.
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Analysis
Forward Air (FWRD) Non-Current Debt (2009 - 2026) Analysis & Trends
Dating back to Q4 2009, Forward Air's Non-Current Debt record includes 63 quarters.
- Non-Current Debt has a five-year compound annual growth rate of 71.9% (FY2020 to FY2025).
- By year, Non-Current Debt came in at $1.68 billion in FY2024, $106.59 million in FY2022 (-31.4%) and $155.47 million in FY2021 (+38.3%).
- The Q2 2026 figure ranks as the highest quarterly Non-Current Debt in data going back to Q4 2009.
- Year over year, Non-Current Debt has now increased in each of the last six quarters, with growth averaging 0.6% over the last six quarters.
- The high point for year-over-year Non-Current Debt in five years was Q3 2021 (growth of 38.4%); the low point was Q3 2022 (a decline of 33.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.69 billion (Q1 2026), $1.69 billion (Q4 2025) and $1.68 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 29.04 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 17.16 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 16.08 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 23.85 Bn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 15.97 Bn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 23.29 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 10.51 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | - |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 40.10 Mn |
| 10 | Forward Air | 515.15 Mn | -18.91 Mn | - | 1.69 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.69 Bn |
| Mar 31, 2026 | 1.69 Bn |
| Dec 31, 2025 | 1.69 Bn |
| Sep 30, 2025 | 1.68 Bn |
| Jun 30, 2025 | 1.68 Bn |
| Mar 31, 2025 | 1.68 Bn |
| Dec 31, 2024 | 1.68 Bn |
| Sep 30, 2024 | 1.67 Bn |
| Jun 30, 2024 | 1.68 Bn |
| Mar 31, 2024 | 1.66 Bn |
| Sep 30, 2023 | 118.86 Mn |
| Jun 30, 2023 | 119.77 Mn |
| Mar 31, 2023 | 150.68 Mn |
| Dec 31, 2022 | 106.59 Mn |
| Sep 30, 2022 | 106.93 Mn |
| Jun 30, 2022 | 147.28 Mn |
| Mar 31, 2022 | 155.13 Mn |
| Dec 31, 2021 | 155.47 Mn |
| Sep 30, 2021 | 161.31 Mn |
| Jun 30, 2021 | 161.73 Mn |
API Access
Forward Air Non-Current Debt 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=non-current-debt&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();