Forward Air (FWRD) Profit After Tax (2009 - 2026)
Forward Air (FWRD) recorded Profit After Tax of -$243.86 million in Q2 2026, compared with -$20.36 million a year earlier.
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Analysis
Forward Air (FWRD) Profit After Tax (2009 - 2026) Analysis & Trends
On a TTM basis, Forward Air's Profit After Tax came in at -$344.22 million as of Jun 30, 2026; for FY2025, it was -$141.73 million.
- Across earlier years, Profit After Tax came in at -$1.12 billion in FY2024, $42.8 million in FY2023 (-76.1%), $179.41 million in FY2022 (+67.9%) and $106.88 million in FY2021 (+102.5%).
- The Q2 2026 figure is the lowest quarterly Profit After Tax since Q2 2024.
- Peak year-over-year performance for Profit After Tax in the last five years was growth of 155.4% in Q1 2022, against a decline of 87.5% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -$40.2 million (Q1 2026), -$36.41 million (Q4 2025) and -$23.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.79 Bn | 156.31 Bn | - | 1.99 Bn |
| 2 | Csx | 86.21 Bn | 82.43 Bn | - | 1.00 Bn |
| 3 | Canadian Pacific Kansas City | 74.26 Bn | 73.97 Bn | - | 740.28 Mn |
| 4 | United Parcel Service | 70.36 Bn | 47.28 Bn | - | 604.00 Mn |
| 5 | Norfolk Southern | 69.74 Bn | 64.38 Bn | - | 734.00 Mn |
| 6 | Fedex | 67.91 Bn | 33.85 Bn | - | 1.60 Bn |
| 7 | Delta Air Lines | 55.33 Bn | 37.51 Bn | - | 1.60 Bn |
| 8 | Old Dominion Freight Line | 36.95 Bn | 36.21 Bn | - | 350.60 Mn |
| 9 | United Airlines Holdings | 36.28 Bn | -20.09 Bn | - | 805.00 Mn |
| 10 | Forward Air | 522.91 Mn | -11.15 Mn | - | -243.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -243.86 Mn |
| Mar 31, 2026 | -40.20 Mn |
| Dec 31, 2025 | -36.41 Mn |
| Sep 30, 2025 | -23.76 Mn |
| Jun 30, 2025 | -20.36 Mn |
| Mar 31, 2025 | -61.19 Mn |
| Dec 31, 2024 | -35.38 Mn |
| Sep 30, 2024 | -34.20 Mn |
| Jun 30, 2024 | -966.47 Mn |
| Mar 31, 2024 | -88.79 Mn |
| Dec 31, 2023 | -14.72 Mn |
| Sep 30, 2023 | 6.49 Mn |
| Jun 30, 2023 | 17.13 Mn |
| Mar 31, 2023 | 33.90 Mn |
| Dec 31, 2022 | 29.17 Mn |
| Sep 30, 2022 | 52.13 Mn |
| Jun 30, 2022 | 55.43 Mn |
| Mar 31, 2022 | 42.69 Mn |
| Dec 31, 2021 | 28.99 Mn |
| Sep 30, 2021 | 30.50 Mn |
API Access
Forward Air Profit After Tax 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=profit-after-tax&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "profit-after-tax", "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=profit-after-tax&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();