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Accumulated Depreciation & AmortizationAmortization - GoodwillCost of RevenueDepreciation & Amortization (IS)EBIATLeasesLong-Term Debt IssuancesOther Gross PP&E AdjustmentsProperty, Plant & Equipment (Gross)Receivables - NetReceivables - OtherRent Expense
Ratios

Forward Air (FWRD) Rent Expense (2016 - 2025)

Forward Air (FWRD) has disclosed Rent Expense for 17 consecutive years, with $53.6 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Rent Expense rose 10.87% year-over-year to $53.6 million, compared with a TTM value of $204.0 million through Dec 2025, up 11.98%, and an annual FY2025 reading of $204.0 million, up 11.98% over the prior year.
  • Rent Expense was $53.6 million for Q4 2025 at Forward Air, up from $52.2 million in the prior quarter.
  • Across five years, Rent Expense topped out at $53.6 million in Q4 2025 and bottomed at $8.2 million in Q4 2021.
  • Average Rent Expense over 5 years is $31.0 million, with a median of $23.8 million recorded in 2022.
  • The sharpest move saw Rent Expense tumbled 52.32% in 2021, then soared 273.36% in 2024.
  • Year by year, Rent Expense stood at $8.2 million in 2021, then surged by 73.85% to $14.2 million in 2022, then surged by 47.31% to $20.9 million in 2023, then surged by 131.14% to $48.3 million in 2024, then grew by 10.87% to $53.6 million in 2025.
  • Business Quant data shows Rent Expense for FWRD at $53.6 million in Q4 2025, $52.2 million in Q3 2025, and $49.5 million in Q2 2025.