Forward Air (FWRD) Return on Capital Employed (2010 - 2026)
Forward Air's (FWRD) quarterly Return on Capital Employed came in at 2.3% in Q1 2026, up 4426.0% YoY from 0.05% in Q1 2025, and up 47.0% on a QoQ basis from 1.56% in Q4 2025.
Forward Air (FWRD) Return on Capital Employed (2010 - 2026) Analysis & Trends
Forward Air (FWRD) has 17 years of Return on Capital Employed data on file, last reported at 2.3% in Q1 2026.
- Quarterly Return on Capital Employed rose 4426.0% year-over-year to 2.3% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.3% (up 4426.0% YoY) and the FY2025 annual result came in at 1.56%, up 4396.0% from the prior year.
- Return on Capital Employed grew to 2.3% in Q1 2026, from 1.56% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 24.14% in Q3 2022 to a low of 43.47% in Q3 2024.
- A 5-year average of 0.25% and a median of 4.97% in 2025 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2024 — Return on Capital Employed slumped 5633 bps — and 2025, when it jumped 4844 bps.
- Tracing FWRD's Return on Capital Employed over 5 years: stood at 24.09% in 2022, then sank by 80 bps to 4.77% in 2023, then tumbled by 975 bps to 41.76% in 2024, then jumped by 104 bps to 1.56% in 2025, then jumped by 47 bps to 2.3% in 2026.
- The last three Return on Capital Employed figures came in at 2.3% (Q1 2026), 1.56% (Q4 2025), and 4.97% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | 11.61% |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | 7.01% |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | 14.72% |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | 46.29% |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 14.91% |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | 25.35% |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | 18.49% |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 4.02% |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | -49.61% |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | -7.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -7.99% |
| Mar 31, 2026 | 2.30% |
| Dec 31, 2025 | 1.56% |
| Sep 30, 2025 | 4.97% |
| Jun 30, 2025 | 5.15% |
| Mar 31, 2025 | -41.96% |
| Dec 31, 2024 | -41.76% |
| Sep 30, 2024 | -43.47% |
| Jun 30, 2024 | -37.07% |
| Mar 31, 2024 | -0.82% |
| Dec 31, 2023 | 4.77% |
| Sep 30, 2023 | 12.86% |
| Jun 30, 2023 | 18.16% |
| Mar 31, 2023 | 22.58% |
| Dec 31, 2022 | 24.09% |
| Sep 30, 2022 | 24.14% |
| Jun 30, 2022 | 21.20% |
| Mar 31, 2022 | 19.03% |
| Dec 31, 2021 | 15.82% |
| Sep 30, 2021 | 13.95% |