Forward Air (FWRD) Return on Equity [ROE] (2010 - 2026)
Forward Air (FWRD) reported Return on Equity [ROE] of -85.04% for Q1 2026, up 345.33 percentage points from -430.37% a year earlier but down 5.76 percentage points from the prior quarter.
Powered by 
Analysis
Forward Air (FWRD) Return on Equity [ROE] (2010 - 2026) Analysis & Trends
For FY2025, Forward Air posted Return on Equity [ROE] of -63.34%, up 152.11 percentage points from FY2024.
- Return on Equity [ROE] has a five-year change of -67.56 percentage points (FY2020 to FY2025).
- By year, Return on Equity [ROE] came in at -215.45% in FY2024 (-238.19 pp), 22.75% in FY2023 (-6.96 pp), 29.70% in FY2022 (+11.15 pp) and 18.56% in FY2021 (+14.33 pp).
- Five-year quarterly Return on Equity [ROE] spans a low of -430.37% in Q1 2025 and a high of 28.32% in Q3 2022.
- Year over year, Return on Equity [ROE] has now increased in each of the last four quarters, with an average year-over-year change of -45.95 percentage points over the last eight quarters.
- The high point for year-over-year Return on Equity [ROE] in five years was Q1 2026 (a gain of 345.33 percentage points); the low point was Q1 2025 (a drop of 434.39 percentage points).
- Per Business Quant data, the three quarters before Q1 2026 came in at -79.29% (Q4 2025), -68.46% (Q3 2025) and -68.87% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 36.57% |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | 23.52% |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | 8.10% |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 16.45% |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | 29.59% |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | 14.43% |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | 18.73% |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | 24.35% |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | 21.47% |
| 10 | Forward Air | 536.74 Mn | 2.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -85.04% |
| Dec 31, 2025 | -79.29% |
| Sep 30, 2025 | -68.46% |
| Jun 30, 2025 | -68.87% |
| Mar 31, 2025 | -430.37% |
| Dec 31, 2024 | -363.50% |
| Sep 30, 2024 | -284.43% |
| Jun 30, 2024 | -112.01% |
| Mar 31, 2024 | 4.02% |
| Dec 31, 2023 | 23.41% |
| Sep 30, 2023 | 16.21% |
| Jun 30, 2023 | 22.28% |
| Mar 31, 2023 | 26.83% |
| Dec 31, 2022 | 27.80% |
| Sep 30, 2022 | 28.32% |
| Jun 30, 2022 | 25.41% |
| Mar 31, 2022 | 22.79% |
| Dec 31, 2021 | 18.42% |
| Sep 30, 2021 | 11.02% |
| Jun 30, 2021 | 9.87% |
API Access
Forward Air Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();