Forward Air (FWRD) Retained Earnings (2009 - 2026)
Forward Air (FWRD) posted Retained Earnings of -$690.32 million for Q2 2026, compared with -$402.45 million a year earlier.
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Analysis
Forward Air (FWRD) Retained Earnings (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air's Retained Earnings came in at -$447.1 million.
- In prior years, Forward Air's Retained Earnings was -$338.23 million in FY2024, $480.32 million in FY2023 (+10.1%), $436.12 million in FY2022 (+30.2%) and $334.91 million in FY2021 (+10.1%).
- The Q2 2026 figure stands as the lowest quarterly Retained Earnings in data going back to Q4 2009.
- The strongest year-over-year quarter for Retained Earnings in the past five years was Q3 2022, with growth of 38.1%; the weakest was Q3 2023, with a decline of 7.2%.
- According to Business Quant data, Retained Earnings for the three prior quarters was -$482.91 million (Q1 2026), -$447.1 million (Q4 2025) and -$418.75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 71.58 Bn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 11.35 Bn |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 14.26 Bn |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 18.83 Bn |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 13.91 Bn |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 44.46 Bn |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 14.27 Bn |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 4.29 Bn |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 8.31 Bn |
| 10 | Forward Air | 506.38 Mn | -27.68 Mn | - | -690.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -690.32 Mn |
| Mar 31, 2026 | -482.91 Mn |
| Dec 31, 2025 | -447.10 Mn |
| Sep 30, 2025 | -418.75 Mn |
| Jun 30, 2025 | -402.45 Mn |
| Mar 31, 2025 | -389.76 Mn |
| Dec 31, 2024 | -338.23 Mn |
| Sep 30, 2024 | -301.63 Mn |
| Jun 30, 2024 | -228.15 Mn |
| Mar 31, 2024 | 417.28 Mn |
| Dec 31, 2023 | 480.32 Mn |
| Sep 30, 2023 | 384.80 Mn |
| Jun 30, 2023 | 395.76 Mn |
| Mar 31, 2023 | 411.37 Mn |
| Dec 31, 2022 | 436.12 Mn |
| Sep 30, 2022 | 414.62 Mn |
| Jun 30, 2022 | 398.95 Mn |
| Mar 31, 2022 | 350.06 Mn |
| Dec 31, 2021 | 334.91 Mn |
| Sep 30, 2021 | 300.20 Mn |
API Access
Forward Air Retained Earnings 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=retained-earnings&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "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=retained-earnings&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();