Forward Air (FWRD) Payables (2009 - 2026)
Forward Air (FWRD) posted Payables of $118.65 million for Q2 2026, up 3.1% from $115.12 million a year earlier and up 14.4% from the prior quarter.
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Analysis
Forward Air (FWRD) Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air's Payables came in at $121.75 million, up 15.2% from FY2024.
- Annual Payables shows a five-year compound annual growth rate of 26.0% (FY2020 to FY2025).
- In prior years, Forward Air's Payables was $105.69 million in FY2024 (+132.6%), $45.43 million in FY2023 (-9.3%), $50.09 million in FY2022 (+11.7%) and $44.84 million in FY2021 (+16.9%).
- Quarterly Payables has run from a low of $37.09 million in Q2 2023 to a high of $157.23 million in Q3 2024 over five years.
- On a year-over-year basis, Payables increased in four of the last eight quarters, with growth averaging 41.6%.
- The strongest year-over-year quarter for Payables in the past five years was Q2 2024, with growth of 286.8%; the weakest was Q1 2023, with a decline of 21.0%.
- According to Business Quant data, Payables for the three prior quarters was $103.69 million (Q1 2026), $121.75 million (Q4 2025) and $124.84 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 4.32 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 1.11 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 2.11 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 5.98 Bn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 1.78 Bn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 5.07 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 7.84 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 80.99 Mn |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 828.76 Mn |
| 10 | Forward Air | 515.15 Mn | -18.91 Mn | - | 118.65 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Forward Air Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payables&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payables&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();