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

Forward Air (FWRD) has 17 years of Return on Invested Capital data on file, last reported at 0.01% in Q1 2026.

• Quarterly Return on Invested Capital rose 6.0% year-over-year to 0.01% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.01% (up 6.0% YoY) and the FY2025 annual result came in at 0.01%, up 23.0% from the prior year.
• Return on Invested Capital rose to 0.01% in Q1 2026, from 0.0% in the prior quarter.
• In the past five years, Return on Invested Capital ranged from a high of 0.05% in Q1 2022 to a low of 0.06% in Q2 2024.
• A 5-year average of 0.0% and a median of 0.01% in 2023 frame the typical range for Return on Invested Capital.
• Annual changes were most pronounced in 2024 — Return on Invested Capital retreated 7 bps — and 2025, when it increased 7 bps.
• Tracing FWRD's Return on Invested Capital over 5 years: stood at 0.03% in 2022, then plunged by 81 bps to 0.01% in 2023, then slumped by 1048 bps to 0.05% in 2024, then surged by 108 bps to 0.0% in 2025, then surged by 45 bps to 0.01% in 2026.
• The last three Return on Invested Capital figures came in at 0.01% (Q1 2026), 0.0% (Q4 2025), and 0.02% (Q3 2025), per Business Quant data.