Forward Air (FWRD) Payables (2009 - 2026)

Forward Air (FWRD) reported Payables of $103.7 million for Q1 2026, down 7.01% on a YoY basis from $111.5 million in Q1 2025, and down 14.83% quarter-over-quarter from $121.8 million in Q4 2025.

Forward Air (FWRD) Payables (2009 - 2026) Analysis & Trends

Forward Air has reported Payables for 18 years, with the latest figure at $103.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Payables fell 7.01% year-over-year to $103.7 million; the trailing twelve-month figure through Mar 2026 stood at $103.7 million (down 7.01% YoY), and the FY2025 full-year result was $121.8 million, up 15.2% from the prior year.
  • Payables for Q1 2026 stood at $103.7 million, down from $121.8 million in the prior quarter.
  • The five-year high for Payables was $157.2 million in Q3 2024, with the low at $37.1 million in Q2 2023.
  • Historically, Payables has averaged $87.2 million across 5 years, with a median of $103.7 million in 2026.
  • Annual changes were most pronounced in 2023 — Payables decreased 21.01% — and 2024, when it surged 286.83%.
  • Forward Air's Payables 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn 5.91 Bn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn 4.15 Bn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn 751.88 Mn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn 1.37 Bn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn 1.12 Bn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn 451.09 Mn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn 713.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn 650.44 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn 766.99 Mn
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn 103.69 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 43.66 Mn