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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Forward Air (FWRD) Return on Capital Employed (2016 - 2025)

Forward Air's Return on Capital Employed history spans 16 years, with the latest figure at 0.02% for Q4 2025.

  • For Q4 2025, Return on Capital Employed rose 43.0% year-over-year to 0.02%; the TTM value through Dec 2025 reached 0.02%, up 43.0%, while the annual FY2025 figure was 0.02%, 44.0% up from the prior year.
  • Return on Capital Employed reached 0.02% in Q4 2025 per FWRD's latest filing, down from 0.05% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 0.24% in Q3 2022 to a low of 0.43% in Q3 2024.
  • Average Return on Capital Employed over 5 years is 0.02%, with a median of 0.11% recorded in 2021.
  • Peak YoY movement for Return on Capital Employed: tumbled -56bps in 2024, then soared 48bps in 2025.
  • A 5-year view of Return on Capital Employed shows it stood at 0.16% in 2021, then surged by 52bps to 0.24% in 2022, then crashed by -80bps to 0.05% in 2023, then plummeted by -975bps to 0.42% in 2024, then skyrocketed by 104bps to 0.02% in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Return on Capital Employed are 0.02% (Q4 2025), 0.05% (Q3 2025), and 0.05% (Q2 2025).