Forward Air (FWRD) Profit After Tax (2009 - 2026)
Forward Air's (FWRD) quarterly Profit After Tax came in at -$42.2 million in Q1 2026, up 30.66% YoY from -$32.3 million in Q1 2025, and down 49.14% on a QoQ basis from -$28.3 million in Q4 2025.
Forward Air (FWRD) Profit After Tax (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Profit After Tax data on file, last reported at -$42.2 million in Q1 2026.
- Quarterly Profit After Tax rose 30.66% year-over-year to -$42.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$107.2 million (up 90.62% YoY) and the FY2025 annual result came in at -$107.8 million, up 90.42% from the prior year.
- Profit After Tax declined to -$42.2 million in Q1 2026, from -$28.3 million in the prior quarter.
- In the past five years, Profit After Tax ranged from a high of $101.7 million in Q4 2023 to a low of -$971.3 million in Q2 2024.
- A 5-year average of -$58.1 million and a median of -$16.2 million in 2025 frame the typical range for Profit After Tax.
- Annual changes were most pronounced in 2022 — Profit After Tax surged 261.89% — and 2024, when it sank 5771.44%.
- Tracing FWRD's Profit After Tax over 5 years: stood at $42.9 million in 2022, then surged by 136.93% to $101.7 million in 2023, then slumped by 135.79% to -$36.4 million in 2024, then increased by 22.22% to -$28.3 million in 2025, then sank by 49.14% to -$42.2 million in 2026.
- The last three Profit After Tax figures came in at -$42.2 million (Q1 2026), -$28.3 million (Q4 2025), and -$16.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | 604.00 Mn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | 1.60 Bn |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | 181.03 Mn |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | 267.26 Mn |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 312.61 Mn |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | 187.19 Mn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | 48.95 Mn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 27.00 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | 49.91 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | -246.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -246.07 Mn |
| Mar 31, 2026 | -42.24 Mn |
| Dec 31, 2025 | -28.33 Mn |
| Sep 30, 2025 | -16.22 Mn |
| Jun 30, 2025 | -20.36 Mn |
| Mar 31, 2025 | -60.93 Mn |
| Dec 31, 2024 | -36.42 Mn |
| Sep 30, 2024 | -73.23 Mn |
| Jun 30, 2024 | -971.35 Mn |
| Mar 31, 2024 | -88.79 Mn |
| Dec 31, 2023 | 101.74 Mn |
| Sep 30, 2023 | 6.49 Mn |
| Jun 30, 2023 | 17.13 Mn |
| Mar 31, 2023 | 33.90 Mn |
| Dec 31, 2022 | 42.94 Mn |
| Sep 30, 2022 | 52.13 Mn |
| Jun 30, 2022 | 55.43 Mn |
| Mar 31, 2022 | 40.46 Mn |
| Dec 31, 2021 | 40.47 Mn |
| Sep 30, 2021 | 30.50 Mn |