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| Date | Value |
|---|---|
| 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 |