Forward Air (FWRD) Receivables - Net (2009 - 2026)
Forward Air's Receivables - Net was $369.47 million in Q2 2026, up 10.1% from $335.72 million a year earlier and up 11.7% from the prior quarter.
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Analysis
Forward Air (FWRD) Receivables - Net (2009 - 2026) Analysis & Trends
At the end of FY2025, Receivables - Net at Forward Air came in at $343.56 million, up 6.6% from FY2024.
- Receivables - Net shows a five-year compound annual growth rate of 17.0% (FY2020 to FY2025).
- In earlier years, Receivables - Net was $322.29 million in FY2024 (+110.3%), $153.27 million in FY2023 (-18.6%), $188.23 million in FY2022 (-9.5%) and $208.09 million in FY2021 (+33.0%).
- The Q2 2026 figure marks the highest quarterly Receivables - Net in data going back to Q4 2009.
- Compared with a year earlier, Receivables - Net was higher in four of the last eight quarters, with growth averaging 24.3%.
- The best year-over-year quarter for Receivables - Net over five years was Q4 2024 (growth of 110.3%); the worst was Q2 2023 (a decline of 28.5%).
- Per Business Quant data, FWRD's Receivables - Net in the three quarters before Q2 2026 was $330.7 million (Q1 2026), $343.56 million (Q4 2025) and $341.41 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn |
| 10 | Forward Air | 515.15 Mn | -18.91 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 369.47 Mn |
| Mar 31, 2026 | 330.70 Mn |
| Dec 31, 2025 | 343.56 Mn |
| Sep 30, 2025 | 341.41 Mn |
| Jun 30, 2025 | 335.72 Mn |
| Mar 31, 2025 | 336.40 Mn |
| Dec 31, 2024 | 322.29 Mn |
| Sep 30, 2024 | 361.00 Mn |
| Jun 30, 2024 | 368.93 Mn |
| Mar 31, 2024 | 351.81 Mn |
| Dec 31, 2023 | 153.27 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 | 246.01 Mn |
| Mar 31, 2022 | 236.67 Mn |
| Dec 31, 2021 | 208.09 Mn |
| Sep 30, 2021 | 205.17 Mn |
API Access
Forward Air Receivables - Net 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-net&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "receivables-net", "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-net&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();