Forward Air (FWRD) Non-Current Deferred Tax Liability (2009 - 2026)
Forward Air's Non-Current Deferred Tax Liability came in at $24.36 million for Q2 2026, down 27.2% from $33.45 million a year earlier and down 2.5% from the prior quarter.
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Analysis
Forward Air (FWRD) Non-Current Deferred Tax Liability (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air's Non-Current Deferred Tax Liability was $27.22 million, down 28.7% from FY2024.
- Non-Current Deferred Tax Liability has declined in each of the last three years, with a five-year compound annual growth rate of -8.3% (FY2020 to FY2025).
- Going back by year, Non-Current Deferred Tax Liability was $38.17 million in FY2024 (-9.6%), $42.2 million in FY2023 (-17.4%), $51.09 million in FY2022 (+17.7%) and $43.41 million in FY2021 (+3.4%).
- The Q2 2026 figure represents the lowest quarterly Non-Current Deferred Tax Liability since Q4 2014.
- Year-over-year, Non-Current Deferred Tax Liability has declined for seven consecutive quarters, with an average decline of 6.4% over the last eight quarters.
- The fastest year-over-year change in Non-Current Deferred Tax Liability over five years came in Q2 2024 (growth of 409.1%), and the weakest in Q2 2025 (a decline of 87.7%).
- Business Quant data shows FWRD's Non-Current Deferred Tax Liability at $24.97 million (Q1 2026), $27.22 million (Q4 2025) and $37.44 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.36 Mn |
| Mar 31, 2026 | 24.97 Mn |
| Dec 31, 2025 | 27.22 Mn |
| Sep 30, 2025 | 37.44 Mn |
| Jun 30, 2025 | 33.45 Mn |
| Mar 31, 2025 | 35.18 Mn |
| Dec 31, 2024 | 38.17 Mn |
| Sep 30, 2024 | 209.52 Mn |
| Jun 30, 2024 | 271.20 Mn |
| Mar 31, 2024 | 177.81 Mn |
| Dec 31, 2023 | 42.20 Mn |
| Sep 30, 2023 | 53.29 Mn |
| Jun 30, 2023 | 53.28 Mn |
| Mar 31, 2023 | 52.95 Mn |
| Dec 31, 2022 | 51.09 Mn |
| Sep 30, 2022 | 45.37 Mn |
| Jun 30, 2022 | 45.37 Mn |
| Mar 31, 2022 | 45.05 Mn |
| Dec 31, 2021 | 43.41 Mn |
| Sep 30, 2021 | 40.66 Mn |
API Access
Forward Air Non-Current Deferred Tax Liability 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-deferred-tax-liability&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "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-deferred-tax-liability&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();