Forward Air (FWRD) Non Operating Interest Expenses (2009 - 2026)
Forward Air (FWRD) reported Non Operating Interest Expenses of $43.72 million for Q2 2026, down 3.5% from $45.33 million a year earlier but up 0.3% from the prior quarter.
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Analysis
Forward Air (FWRD) Non Operating Interest Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Forward Air's Non Operating Interest Expenses came in at $177.18 million, down 7.8% year-over-year; for FY2025, it came in at $180.75 million, down 4.5% from FY2024.
- Non Operating Interest Expenses has a five-year compound annual growth rate of 108.7% (FY2020 to FY2025).
- By year, Non Operating Interest Expenses came in at $189.22 million in FY2024 (+499.3%), $31.57 million in FY2023 (+514.5%), $5.14 million in FY2022 (+18.4%) and $4.34 million in FY2021 (-4.9%).
- Five-year quarterly Non Operating Interest Expenses spans a low of $784,000 in Q1 2022 and a high of $52.77 million in Q3 2024.
- Year over year, Non Operating Interest Expenses has now declined in each of the last five quarters, with growth averaging 11.4% over the last seven quarters.
- The high point for year-over-year Non Operating Interest Expenses in five years was Q1 2023 (growth of 200.4%); the low point was Q1 2022 (a decline of 32.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $43.59 million (Q1 2026), $45.1 million (Q4 2025) and $44.78 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 313.00 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 211.00 Mn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 272.00 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 197.00 Mn |
| 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 | - | 76,000.00 |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | -17.32 Mn |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | 43.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.72 Mn |
| Mar 31, 2026 | 43.59 Mn |
| Dec 31, 2025 | 45.10 Mn |
| Sep 30, 2025 | 44.78 Mn |
| Jun 30, 2025 | 45.33 Mn |
| Mar 31, 2025 | 45.55 Mn |
| Dec 31, 2024 | 48.43 Mn |
| Sep 30, 2024 | 52.77 Mn |
| Jun 30, 2024 | 47.27 Mn |
| Mar 31, 2024 | 40.75 Mn |
| Dec 31, 2023 | 23.98 Mn |
| Sep 30, 2023 | 2.66 Mn |
| Jun 30, 2023 | 2.59 Mn |
| Mar 31, 2023 | 2.36 Mn |
| Dec 31, 2022 | 1.62 Mn |
| Sep 30, 2022 | 1.54 Mn |
| Jun 30, 2022 | 1.19 Mn |
| Mar 31, 2022 | 784,000.00 |
| Dec 31, 2021 | 877,000.00 |
| Sep 30, 2021 | 973,000.00 |
API Access
Forward Air Non Operating Interest Expenses 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-operating-interest-expenses&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-interest-expenses", "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-operating-interest-expenses&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();