Forward Air (FWRD) Retained Earnings (2009 - 2026)
Forward Air's (FWRD) quarterly Retained Earnings came in at $564.6 million in Q1 2026, up 22987.15% YoY from N/an in Q1 2025, and up 0.91% on a QoQ basis from $559.6 million in Q4 2025.
Forward Air (FWRD) Retained Earnings (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Retained Earnings data on file, last reported at $564.6 million in Q1 2026.
- Quarterly Retained Earnings rose 22987.15% year-over-year to $564.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $564.6 million (up 22987.15% YoY) and the FY2025 annual result came in at $559.6 million, up 3.16% from the prior year.
- Retained Earnings improved to $564.6 million in Q1 2026, from $559.6 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $564.6 million in Q1 2026 to a low of -$301.6 million in Q3 2024.
- A 5-year average of $263.5 million and a median of $390.3 million in 2023 frame the typical range for Retained Earnings.
- Annual changes were most pronounced in 2024 — Retained Earnings slumped 178.39% — and 2026, when it soared 22987.15%.
- Tracing FWRD's Retained Earnings over 5 years: stood at $436.1 million in 2022, then slipped by 11.77% to $384.8 million in 2023, then soared by 40.95% to $542.4 million in 2024, then advanced by 3.16% to $559.6 million in 2025, then gained by 0.91% to $564.6 million in 2026.
- The last three Retained Earnings figures came in at $564.6 million (Q1 2026), $559.6 million (Q4 2025), and $2.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | 18.83 Bn |
| 2 | Fedex | 77.38 Bn | 64.07 Bn | 18.84 Bn | 44.46 Bn |
| 3 | Hunt J B Transport Services | 25.96 Bn | 25.96 Bn | - | - |
| 4 | Expeditors International Of Washington | 24.66 Bn | 23.63 Bn | 1.09 Bn | 2.31 Bn |
| 5 | ZTO Express (Cayman) | 17.11 Bn | 12.71 Bn | 469.01 Mn | 5.78 Bn |
| 6 | C. H. Robinson Worldwide | 16.95 Bn | 16.80 Bn | 1.11 Bn | 6.25 Bn |
| 7 | Landstar System | 6.30 Bn | 5.95 Bn | 308.86 Mn | 2.91 Bn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 2.68 Bn |
| 9 | Pitney Bowes | 2.23 Bn | 1.95 Bn | 296.14 Mn | 2.70 Bn |
| 10 | Forward Air | 587.91 Mn | 448.46 Mn | 617.46 Mn | -690.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -690.32 Mn |
| Mar 31, 2026 | 564.63 Mn |
| Dec 31, 2025 | 559.55 Mn |
| Sep 30, 2025 | 2.12 Mn |
| Jun 30, 2025 | 2.09 Mn |
| Mar 31, 2025 | -2.47 Mn |
| Dec 31, 2024 | 542.39 Mn |
| Sep 30, 2024 | -301.63 Mn |
| Jun 30, 2024 | -228.15 Mn |
| Mar 31, 2024 | 508.68 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 | 265.13 Mn |
| Mar 31, 2022 | 261.44 Mn |
| Dec 31, 2021 | 334.91 Mn |
| Sep 30, 2021 | 255.07 Mn |
| Jun 30, 2021 | 252.47 Mn |