Forward Air (FWRD) Price to Sales (2010 - 2026)
Forward Air's Price to Sales came in at 0.18 for Q2 2026, down 39.3% from 0.30 a year earlier and down 15.5% from the prior quarter.
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Analysis
Forward Air (FWRD) Price to Sales (2010 - 2026) Analysis & Trends
For FY2025, Forward Air's Price to Sales was 0.31, down 19.1% from FY2024.
- Price to Sales has declined in each of the last four years.
- Going back by year, Price to Sales was 0.39 in FY2024 (-67.1%), 1.18 in FY2023 (-28.7%), 1.65 in FY2022 (-29.8%) and 2.35 in FY2021 (+42.4%).
- The Q2 2026 figure represents the lowest quarterly Price to Sales in data going back to Q1 2010.
- Year-over-year, Price to Sales has declined for four consecutive quarters, with an average decline of 34.8% over the last eight quarters.
- The fastest year-over-year change in Price to Sales over five years came in Q4 2021 (growth of 42.4%), and the weakest in Q2 2024 (a decline of 84.2%).
- Business Quant data shows FWRD's Price to Sales at 0.21 (Q1 2026), 0.31 (Q4 2025) and 0.32 (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 | 0.18 |
| Mar 31, 2026 | 0.21 |
| Dec 31, 2025 | 0.31 |
| Sep 30, 2025 | 0.32 |
| Jun 30, 2025 | 0.30 |
| Mar 31, 2025 | 0.24 |
| Dec 31, 2024 | 0.39 |
| Sep 30, 2024 | 0.47 |
| Jun 30, 2024 | 0.28 |
| Mar 31, 2024 | 0.53 |
| Dec 31, 2023 | 1.18 |
| Sep 30, 2023 | 1.23 |
| Jun 30, 2023 | 1.79 |
| Mar 31, 2023 | 1.72 |
| Dec 31, 2022 | 1.65 |
| Sep 30, 2022 | 1.64 |
| Jun 30, 2022 | 1.71 |
| Mar 31, 2022 | 1.84 |
| Dec 31, 2021 | 2.35 |
| Sep 30, 2021 | 1.44 |
API Access
Forward Air Price to Sales 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-sales&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();