Forward Air (FWRD) Payables (2009 - 2026)
Forward Air's (FWRD) quarterly Payables came in at $103.7 million in Q1 2026, down 7.01% YoY from $111.5 million in Q1 2025, and down 14.83% on a QoQ basis from $121.8 million in Q4 2025.
Forward Air (FWRD) Payables (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Payables data on file, last reported at $103.7 million in Q1 2026.
- Quarterly Payables fell 7.01% year-over-year to $103.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $103.7 million (down 7.01% YoY) and the FY2025 annual result came in at $121.8 million, up 15.2% from the prior year.
- Payables slipped to $103.7 million in Q1 2026, from $121.8 million in the prior quarter.
- In the past five years, Payables ranged from a high of $157.2 million in Q3 2024 to a low of $37.1 million in Q2 2023.
- A 5-year average of $87.2 million and a median of $103.7 million in 2026 frame the typical range for Payables.
- Annual changes were most pronounced in 2023 — Payables decreased 21.01% — and 2024, when it surged 286.83%.
- Tracing FWRD's Payables over 5 years: stood at $50.1 million in 2022, then decreased by 9.31% to $45.4 million in 2023, then jumped by 132.65% to $105.7 million in 2024, then gained by 15.2% to $121.8 million in 2025, then slipped by 14.83% to $103.7 million in 2026.
- The last three Payables figures came in at $103.7 million (Q1 2026), $121.8 million (Q4 2025), and $124.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.10 Bn | 82.44 Bn | 19.65 Bn | 5.98 Bn |
| 2 | Fedex | 77.88 Bn | 64.57 Bn | 18.84 Bn | 5.07 Bn |
| 3 | Hunt J B Transport Services | 25.87 Bn | 25.87 Bn | - | 792.35 Mn |
| 4 | Expeditors International Of Washington | 24.61 Bn | 23.58 Bn | 1.09 Bn | 1.47 Bn |
| 5 | ZTO Express (Cayman) | 17.17 Bn | 12.76 Bn | 469.01 Mn | 663.76 Mn |
| 6 | C. H. Robinson Worldwide | 16.99 Bn | 16.83 Bn | 1.11 Bn | 1.66 Bn |
| 7 | Landstar System | 6.26 Bn | 5.91 Bn | 308.86 Mn | 540.63 Mn |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 707.00 Mn |
| 9 | Pitney Bowes | 2.20 Bn | 1.92 Bn | 296.14 Mn | 743.25 Mn |
| 10 | Forward Air | 592.45 Mn | 453.01 Mn | 617.46 Mn | 118.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 118.65 Mn |
| Mar 31, 2026 | 103.69 Mn |
| Dec 31, 2025 | 121.75 Mn |
| Sep 30, 2025 | 124.84 Mn |
| Jun 30, 2025 | 115.12 Mn |
| Mar 31, 2025 | 111.51 Mn |
| Dec 31, 2024 | 105.69 Mn |
| Sep 30, 2024 | 157.23 Mn |
| Jun 30, 2024 | 143.46 Mn |
| Mar 31, 2024 | 130.65 Mn |
| Dec 31, 2023 | 45.43 Mn |
| Sep 30, 2023 | 45.70 Mn |
| Jun 30, 2023 | 37.09 Mn |
| Mar 31, 2023 | 42.99 Mn |
| Dec 31, 2022 | 50.09 Mn |
| Sep 30, 2022 | 50.67 Mn |
| Jun 30, 2022 | 42.06 Mn |
| Mar 31, 2022 | 54.43 Mn |
| Dec 31, 2021 | 44.84 Mn |
| Sep 30, 2021 | 42.89 Mn |