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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 Invested Capital (2016 - 2025)

Forward Air (FWRD) has disclosed Return on Invested Capital for 16 consecutive years, with 0.02% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Return on Invested Capital rose 319.0% year-over-year to 0.02%, compared with a TTM value of 0.02% through Dec 2025, up 319.0%, and an annual FY2025 reading of 0.03%, up 191.0% over the prior year.
  • Return on Invested Capital was 0.02% for Q4 2025 at Forward Air, down from 0.22% in the prior quarter.
  • Across five years, Return on Invested Capital topped out at 0.97% in Q2 2025 and bottomed at 3.97% in Q1 2025.
  • Average Return on Invested Capital over 5 years is 0.33%, with a median of 0.16% recorded in 2021.
  • Peak annual rise in Return on Invested Capital hit 319bps in 2025, while the deepest fall reached -396bps in 2025.
  • Year by year, Return on Invested Capital stood at 0.17% in 2021, then soared by 135bps to 0.4% in 2022, then tumbled by -79bps to 0.08% in 2023, then tumbled by -3976bps to 3.17% in 2024, then surged by 101bps to 0.02% in 2025.
  • Business Quant data shows Return on Invested Capital for FWRD at 0.02% in Q4 2025, 0.22% in Q3 2025, and 0.97% in Q2 2025.