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Forward Air (FWRD) Operating Income (2016 - 2025)

Forward Air's Operating Income history spans 17 years, with the latest figure at -$2.9 million for Q4 2025.

  • For Q4 2025, Operating Income fell 103.78% year-over-year to -$2.9 million; the TTM value through Dec 2025 reached $36.4 million, up 103.43%, while the annual FY2025 figure was $36.4 million, 103.43% up from the prior year.
  • Operating Income reached -$2.9 million in Q4 2025 per FWRD's latest filing, down from $15.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $75.9 million in Q4 2024 to a low of -$1.1 billion in Q2 2024.
  • Average Operating Income over 5 years is -$27.2 million, with a median of $24.5 million recorded in 2021.
  • The largest YoY upside for Operating Income was 2428.5% in 2024 against a maximum downside of 4262.41% in 2024.
  • A 5-year view of Operating Income shows it stood at $39.7 million in 2021, then grew by 8.39% to $43.0 million in 2022, then plummeted by 93.03% to $3.0 million in 2023, then skyrocketed by 2428.5% to $75.9 million in 2024, then tumbled by 103.78% to -$2.9 million in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Operating Income are -$2.9 million (Q4 2025), $15.0 million (Q3 2025), and $19.5 million (Q2 2025).