Forward Air (FWRD) Receivables (2009 - 2026)
Forward Air (FWRD) posted Receivables of $375.57 million for Q2 2026, up 11.9% from $335.72 million a year earlier and up 12.5% from the prior quarter.
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Analysis
Forward Air (FWRD) Receivables (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air's Receivables came in at $364.71 million, up 6.6% from FY2024.
- Annual Receivables shows a five-year compound annual growth rate of 13.7% (FY2020 to FY2025).
- In prior years, Forward Air's Receivables was $342.08 million in FY2024 (+90.1%), $179.98 million in FY2023 (-17.2%), $217.32 million in FY2022 (-8.2%) and $236.75 million in FY2021 (+23.6%).
- The Q2 2026 figure stands as the highest quarterly Receivables in data going back to Q4 2009.
- On a year-over-year basis, Receivables increased in four of the last eight quarters, with growth averaging 21.6%.
- The strongest year-over-year quarter for Receivables in the past five years was Q2 2024, with growth of 110.5%; the weakest was Q2 2023, with a decline of 28.5%.
- According to Business Quant data, Receivables for the three prior quarters was $333.78 million (Q1 2026), $349.71 million (Q4 2025) and $341.41 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 2.13 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 1.46 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 1.63 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 10.71 Bn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 1.18 Bn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 12.67 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 4.31 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 618.02 Mn |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 111.35 Mn |
| 10 | Forward Air | 515.15 Mn | -18.91 Mn | - | 375.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 375.57 Mn |
| Mar 31, 2026 | 333.78 Mn |
| Dec 31, 2025 | 349.71 Mn |
| Sep 30, 2025 | 341.41 Mn |
| Jun 30, 2025 | 335.72 Mn |
| Mar 31, 2025 | 336.40 Mn |
| Dec 31, 2024 | 342.08 Mn |
| Sep 30, 2024 | 362.70 Mn |
| Jun 30, 2024 | 370.40 Mn |
| Mar 31, 2024 | 353.35 Mn |
| Dec 31, 2023 | 179.98 Mn |
| Sep 30, 2023 | 191.76 Mn |
| Jun 30, 2023 | 175.97 Mn |
| Mar 31, 2023 | 201.39 Mn |
| Dec 31, 2022 | 217.32 Mn |
| Sep 30, 2022 | 247.73 Mn |
| Jun 30, 2022 | 246.11 Mn |
| Mar 31, 2022 | 241.15 Mn |
| Dec 31, 2021 | 236.75 Mn |
| Sep 30, 2021 | 219.38 Mn |
API Access
Forward Air Receivables 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=receivables&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "receivables", "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=receivables&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();