Forward Air (FWRD) Operating Leases (2019 - 2026)

Forward Air (FWRD) reported Operating Leases of $313.2 million for Q1 2026, down 3.63% on a YoY basis from $325.0 million in Q1 2025, and down 4.24% quarter-over-quarter from $327.0 million in Q4 2025.

Forward Air (FWRD) Operating Leases (2019 - 2026) Analysis & Trends

Forward Air has reported Operating Leases for 8 years, with the latest figure at $313.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases fell 3.63% year-over-year to $313.2 million; the trailing twelve-month figure through Mar 2026 stood at $313.2 million (down 3.63% YoY), and the FY2025 full-year result was $327.0 million, changed 0.42% from the prior year.
  • Operating Leases for Q1 2026 stood at $313.2 million, down from $327.0 million in the prior quarter.
  • The five-year high for Operating Leases was $334.3 million in Q2 2025, with the low at $71.6 million in Q4 2023.
  • Historically, Operating Leases has averaged $205.1 million across 5 years, with a median of $243.2 million in 2024.
  • Annual changes were most pronounced in 2023 — Operating Leases slipped 22.93% — and 2024, when it soared 354.82%.
  • Forward Air's Operating Leases stood at $92.9 million in 2022, then fell by 22.93% 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn

Historic Data

Download Data
DateValue
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 92.90 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
Jun 30, 2021 103.28 Mn