Forward Air (FWRD) Return on Invested Capital (2010 - 2026)

Forward Air (FWRD) reported Return on Invested Capital of 0.0% for Q1 2026, up 3.0% on a YoY basis from 0.0% in Q1 2025, and up 28.36% quarter-over-quarter from 0.0% in Q4 2025.

Forward Air (FWRD) Return on Invested Capital (2010 - 2026) Analysis & Trends

Forward Air has reported Return on Invested Capital for 17 years, with the latest figure at 0.0% in Q1 2026.

  • For the quarter ending Q1 2026, Return on Invested Capital rose 3.0% year-over-year to 0.0%; the trailing twelve-month figure through Mar 2026 stood at 0.0% (up 3.0% YoY), and the FY2025 full-year result was 0.0%, up 2.0% from the prior year.
  • Return on Invested Capital for Q1 2026 stood at 0.0%, up from 0.0% in the prior quarter.
  • The five-year high for Return on Invested Capital was 0.01% in Q2 2025, with the low at 0.03% in Q1 2025.
  • Historically, Return on Invested Capital has averaged 0.0% across 5 years, with a median of 0.0% in 2023.
  • Annual changes were most pronounced in 2024 — Return on Invested Capital fell 3 bps — and 2025, when it increased 3 bps.
  • Forward Air's Return on Invested Capital stood at 0.0% in 2022, then slumped by 63 bps to 0.0% in 2023, then plunged by 3279 bps to 0.03% in 2024, then soared by 101 bps to 0.0% in 2025, then rose by 28 bps to 0.0% in 2026.
  • The last three Return on Invested Capital figures came in at 0.0% (Q1 2026), 0.0% (Q4 2025), and 0.0% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROIC (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn 0.00%
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn 0.00%
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn 0.00%
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn 0.00%
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn 0.00%
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn 0.00%
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn 0.00%
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn 0.00%
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn 0.00%
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn 0.00%

Historic Data

Download Data
DateValue
Mar 31, 2026 0.00%
Dec 31, 2025 0.00%
Sep 30, 2025 0.00%
Jun 30, 2025 0.01%
Mar 31, 2025 -0.03%
Dec 31, 2024 -0.03%
Sep 30, 2024 -0.02%
Jun 30, 2024 -0.01%
Mar 31, 2024 0.00%
Dec 31, 2023 0.00%
Sep 30, 2023 0.00%
Jun 30, 2023 0.00%
Mar 31, 2023 0.00%
Dec 31, 2022 0.00%
Sep 30, 2022 0.00%
Jun 30, 2022 0.00%
Mar 31, 2022 0.00%
Dec 31, 2021 0.00%
Sep 30, 2021 0.00%
Jun 30, 2021 0.00%