Forward Air (FWRD) Receivables (2009 - 2026)
Forward Air's (FWRD) quarterly Receivables came in at $333.8 million in Q1 2026, down 0.91% YoY from $336.8 million in Q1 2025, and down 4.81% on a QoQ basis from $350.7 million in Q4 2025.
Forward Air (FWRD) Receivables (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Receivables data on file, last reported at $333.8 million in Q1 2026.
- Quarterly Receivables fell 0.91% year-over-year to $333.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $333.8 million (down 0.91% YoY) and the FY2025 annual result came in at $364.7 million, up 6.61% from the prior year.
- Receivables eased to $333.8 million in Q1 2026, from $350.7 million in the prior quarter.
- In the past five years, Receivables ranged from a high of $370.4 million in Q2 2024 to a low of $158.7 million in Q4 2023.
- A 5-year average of $279.3 million and a median of $318.8 million in 2024 frame the typical range for Receivables.
- Annual changes were most pronounced in 2023 — Receivables dropped 28.5% — and 2024, when it soared 110.49%.
- Tracing FWRD's Receivables over 5 years: stood at $188.2 million in 2022, then fell by 15.7% to $158.7 million in 2023, then soared by 100.9% to $318.8 million in 2024, then advanced by 10.0% to $350.7 million in 2025, then dropped by 4.81% to $333.8 million in 2026.
- The last three Receivables figures came in at $333.8 million (Q1 2026), $350.7 million (Q4 2025), and $342.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn | 10.71 Bn |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn | 760.00 Mn |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - | 1.46 Bn |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn | 2.63 Bn |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn | 3.29 Bn |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 255.77 Mn |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn | 914.19 Mn |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 2.11 Bn |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 147.90 Mn |
| 10 | Forward Air | 577.19 Mn | 437.74 Mn | 617.46 Mn | 375.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 375.57 Mn |
| Mar 31, 2026 | 333.78 Mn |
| Dec 31, 2025 | 350.65 Mn |
| Sep 30, 2025 | 342.00 Mn |
| Jun 30, 2025 | 334.97 Mn |
| Mar 31, 2025 | 336.83 Mn |
| Dec 31, 2024 | 318.77 Mn |
| Sep 30, 2024 | 362.70 Mn |
| Jun 30, 2024 | 370.40 Mn |
| Mar 31, 2024 | 346.45 Mn |
| Dec 31, 2023 | 158.68 Mn |
| Sep 30, 2023 | 191.76 Mn |
| Jun 30, 2023 | 175.97 Mn |
| Mar 31, 2023 | 201.39 Mn |
| Dec 31, 2022 | 188.23 Mn |
| Sep 30, 2022 | 247.73 Mn |
| Jun 30, 2022 | 246.11 Mn |
| Mar 31, 2022 | 241.15 Mn |
| Dec 31, 2021 | 201.96 Mn |
| Sep 30, 2021 | 205.89 Mn |