Forward Air (FWRD) Operating Leases (2019 - 2026)
Forward Air's (FWRD) quarterly Operating Leases came in at $313.2 million in Q1 2026, down 3.63% YoY from $325.0 million in Q1 2025, and down 4.24% on a QoQ basis from $327.0 million in Q4 2025.
Forward Air (FWRD) Operating Leases (2019 - 2026) Analysis & Trends
Forward Air (FWRD) has 8 years of Operating Leases data on file, last reported at $313.2 million in Q1 2026.
- Quarterly Operating Leases fell 3.63% year-over-year to $313.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $313.2 million (down 3.63% YoY) and the FY2025 annual result came in at $327.0 million, changed 0.42% from the prior year.
- Operating Leases eased to $313.2 million in Q1 2026, from $327.0 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $334.3 million in Q2 2025 to a low of $71.6 million in Q4 2023.
- A 5-year average of $208.9 million and a median of $243.2 million in 2024 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2023 — Operating Leases tumbled 54.88% — and 2024, when it soared 354.82%.
- Tracing FWRD's Operating Leases over 5 years: stood at $158.7 million in 2022, then slumped by 54.88% to $71.6 million in 2023, then jumped by 354.82% to $325.6 million in 2024, then gained by 0.42% to $327.0 million in 2025, then fell by 4.24% to $313.2 million in 2026.
- The last three Operating Leases figures came in at $313.2 million (Q1 2026), $327.0 million (Q4 2025), and $327.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn |
| 10 | Forward Air | 577.19 Mn | 437.74 Mn | 617.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 277.38 Mn |
| Mar 31, 2026 | 313.15 Mn |
| Dec 31, 2025 | 327.01 Mn |
| Sep 30, 2025 | 327.94 Mn |
| Jun 30, 2025 | 334.32 Mn |
| Mar 31, 2025 | 324.96 Mn |
| Dec 31, 2024 | 325.64 Mn |
| Sep 30, 2024 | 275.84 Mn |
| Jun 30, 2024 | 243.22 Mn |
| Mar 31, 2024 | 246.96 Mn |
| Dec 31, 2023 | 71.60 Mn |
| Sep 30, 2023 | 87.94 Mn |
| Jun 30, 2023 | 96.80 Mn |
| Mar 31, 2023 | 102.70 Mn |
| Dec 31, 2022 | 158.70 Mn |
| Sep 30, 2022 | 102.89 Mn |
| Jun 30, 2022 | 106.55 Mn |
| Mar 31, 2022 | 105.77 Mn |
| Dec 31, 2021 | 101.41 Mn |
| Sep 30, 2021 | 97.18 Mn |