Forward Air (FWRD) Profit After Tax (2009 - 2026)

Forward Air (FWRD) reported Profit After Tax of -$40.2 million for Q1 2026, up 20.62% on a YoY basis from -$33.3 million in Q1 2025, and up 35.43% quarter-over-quarter from -$62.3 million in Q4 2025.

Forward Air (FWRD) Profit After Tax (2009 - 2026) Analysis & Trends

Forward Air has reported Profit After Tax for 18 years, with the latest figure at -$40.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Profit After Tax rose 20.62% year-over-year to -$40.2 million; the trailing twelve-month figure through Mar 2026 stood at -$146.6 million (up 86.58% YoY), and the FY2025 full-year result was -$141.7 million, up 87.4% from the prior year.
  • Profit After Tax for Q1 2026 stood at -$40.2 million, up from -$62.3 million in the prior quarter.
  • The five-year high for Profit After Tax was $51.4 million in Q2 2022, with the low at -$971.3 million in Q2 2024.
  • Historically, Profit After Tax has averaged -$64.6 million across 5 years, with a median of -$20.4 million in 2025.
  • Annual changes were most pronounced in 2022 — Profit After Tax jumped 281.77% — and 2024, when it sank 5771.44%.
  • Forward Air's Profit After Tax stood at $39.0 million in 2022, then slumped by 137.74% to -$14.7 million in 2023, then sank by 147.37% to -$36.4 million in 2024, then plunged by 70.96% to -$62.3 million in 2025, then surged by 35.43% to -$40.2 million in 2026.
  • The last three Profit After Tax figures came in at -$40.2 million (Q1 2026), -$62.3 million (Q4 2025), and -$23.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) PAT (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn 864.00 Mn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn 1.06 Bn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn 141.55 Mn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn 147.23 Mn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn 200.95 Mn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn 39.44 Mn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn 4.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn 312.61 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn 58.14 Mn
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn -40.20 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -40.20 Mn
Dec 31, 2025 -62.26 Mn
Sep 30, 2025 -23.76 Mn
Jun 30, 2025 -20.36 Mn
Mar 31, 2025 -50.64 Mn
Dec 31, 2024 -36.42 Mn
Sep 30, 2024 -34.20 Mn
Jun 30, 2024 -971.35 Mn
Mar 31, 2024 -88.79 Mn
Dec 31, 2023 -14.72 Mn
Sep 30, 2023 9.29 Mn
Jun 30, 2023 17.13 Mn
Mar 31, 2023 36.37 Mn
Dec 31, 2022 39.01 Mn
Sep 30, 2022 48.51 Mn
Jun 30, 2022 51.43 Mn
Mar 31, 2022 42.69 Mn
Dec 31, 2021 41.49 Mn
Sep 30, 2021 30.50 Mn
Jun 30, 2021 30.68 Mn