Forward Air (FWRD) Return on Assets [ROA] (2010 - 2026)
Forward Air (FWRD) reported Return on Assets [ROA] of -13.56% for Q2 2026, down 8.08 percentage points from -5.49% a year earlier and down 9.10 percentage points from the prior quarter.
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Analysis
Forward Air (FWRD) Return on Assets [ROA] (2010 - 2026) Analysis & Trends
For FY2025, Forward Air posted Return on Assets [ROA] of -5.13%, up 33.99 percentage points from FY2024.
- Return on Assets [ROA] has a five-year change of -7.46 percentage points (FY2020 to FY2025).
- By year, Return on Assets [ROA] came in at -39.13% in FY2024 (-47.12 pp), 7.99% in FY2023 (-8.62 pp), 16.61% in FY2022 (+6.83 pp) and 9.78% in FY2021 (+7.45 pp).
- The Q2 2026 figure ranks as the lowest quarterly Return on Assets [ROA] since Q1 2025.
- Year over year, Return on Assets [ROA] gained in four of the last eight quarters, with an average year-over-year change of -2.45 percentage points.
- The high point for year-over-year Return on Assets [ROA] in five years was Q1 2026 (a gain of 34.91 percentage points); the low point was Q4 2024 (a drop of 46.64 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -4.46% (Q1 2026), -5.14% (Q4 2025) and -5.08% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 10.41% |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 7.32% |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 4.35% |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 6.39% |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 5.84% |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 4.58% |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 4.63% |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 19.12% |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 9.98% |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | -13.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -13.56% |
| Mar 31, 2026 | -4.46% |
| Dec 31, 2025 | -5.14% |
| Sep 30, 2025 | -5.08% |
| Jun 30, 2025 | -5.49% |
| Mar 31, 2025 | -39.37% |
| Dec 31, 2024 | -38.62% |
| Sep 30, 2024 | -32.46% |
| Jun 30, 2024 | -27.01% |
| Mar 31, 2024 | 1.22% |
| Dec 31, 2023 | 8.03% |
| Sep 30, 2023 | 9.14% |
| Jun 30, 2023 | 12.56% |
| Mar 31, 2023 | 15.35% |
| Dec 31, 2022 | 16.14% |
| Sep 30, 2022 | 16.00% |
| Jun 30, 2022 | 13.72% |
| Mar 31, 2022 | 12.03% |
| Dec 31, 2021 | 9.67% |
| Sep 30, 2021 | 5.66% |
API Access
Forward Air Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();