Balance Sheet
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Ratios

Forward Air (FWRD) Retained Earnings (2016 - 2025)

Forward Air's Retained Earnings history spans 17 years, with the latest figure at $580000.0 for Q4 2025.

  • For Q4 2025, Retained Earnings rose 121.23% year-over-year to $580000.0; the TTM value through Dec 2025 reached $580000.0, up 121.23%, while the annual FY2025 figure was $580000.0, 121.23% up from the prior year.
  • Retained Earnings reached $580000.0 in Q4 2025 per FWRD's latest filing, up from -$418.8 million in the prior quarter.
  • In the past five years, Retained Earnings ranged from a high of $480.3 million in Q4 2023 to a low of -$418.8 million in Q3 2025.
  • Average Retained Earnings over 5 years is $185.2 million, with a median of $317.6 million recorded in 2021.
  • The largest YoY upside for Retained Earnings was 121.23% in 2025 against a maximum downside of 50719.54% in 2025.
  • A 5-year view of Retained Earnings shows it stood at $334.9 million in 2021, then surged by 30.22% to $436.1 million in 2022, then rose by 10.13% to $480.3 million in 2023, then plummeted by 100.57% to -$2.7 million in 2024, then skyrocketed by 121.23% to $580000.0 in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Retained Earnings are $580000.0 (Q4 2025), -$418.8 million (Q3 2025), and -$402.5 million (Q2 2025).