Forward Air (FWRD) Price to FCF (2010 - 2026)
Forward Air's Price to FCF came in at 9.45 for Q2 2026, down 89.9% from 93.97 a year earlier and down 31.3% from the prior quarter.
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Analysis
Forward Air (FWRD) Price to FCF (2010 - 2026) Analysis & Trends
For FY2025, Forward Air's Price to FCF was 51.29.
- Going back by year, Price to FCF was 9.58 in FY2023 (-27.2%), 13.16 in FY2022 (-66.9%) and 39.71 in FY2021 (+43.5%).
- The Q2 2026 figure represents the lowest quarterly Price to FCF in data going back to Q2 2010.
- The fastest year-over-year change in Price to FCF over five years came in Q3 2021 (growth of 106.0%), and the weakest in Q2 2026 (a decline of 89.9%).
- Business Quant data shows FWRD's Price to FCF at 13.77 (Q1 2026), 51.29 (Q4 2025) and 50.47 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - |
| 10 | Forward Air | 536.74 Mn | 2.68 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.45 |
| Mar 31, 2026 | 13.77 |
| Dec 31, 2025 | 51.29 |
| Sep 30, 2025 | 50.47 |
| Jun 30, 2025 | 93.97 |
| Mar 31, 2024 | 14.58 |
| Dec 31, 2023 | 9.64 |
| Sep 30, 2023 | 11.13 |
| Jun 30, 2023 | 12.61 |
| Mar 31, 2023 | 13.20 |
| Dec 31, 2022 | 13.16 |
| Sep 30, 2022 | 12.38 |
| Jun 30, 2022 | 17.01 |
| Mar 31, 2022 | 21.78 |
| Dec 31, 2021 | 39.71 |
| Sep 30, 2021 | 31.29 |
| Jun 30, 2021 | 39.77 |
| Mar 31, 2021 | 39.21 |
| Dec 31, 2020 | 27.68 |
| Sep 30, 2020 | 15.19 |
API Access
Forward Air Price to FCF 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=price-to-fcf&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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=price-to-fcf&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();