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| Date | Value |
|---|---|
| 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 |