Forward Air (FWRD) Return on Sales [ROS] (2009 - 2026)
Forward Air's Return on Sales [ROS] came in at -29.91% for Q2 2026, down 33.07 percentage points from 3.15% a year earlier and down 33.42 percentage points from the prior quarter.
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Analysis
Forward Air (FWRD) Return on Sales [ROS] (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Forward Air reported Return on Sales [ROS] of -6.70%, down 11.57 percentage points year-over-year; for FY2025, it came in at 1.46%, up 44.42 percentage points from FY2024.
- Return on Sales [ROS] carries a five-year change of -4.36 percentage points (FY2020 to FY2025).
- Going back by year, Return on Sales [ROS] was -42.96% in FY2024 (-49.39 pp), 6.44% in FY2023 (-8.31 pp), 14.74% in FY2022 (+4.14 pp) and 10.60% in FY2021 (+4.78 pp).
- The Q2 2026 figure represents the lowest quarterly Return on Sales [ROS] since Q2 2024.
- Year-over-year, Return on Sales [ROS] increased in five of the last eight quarters, with an average year-over-year change of +19.20 percentage points.
- The fastest year-over-year change in Return on Sales [ROS] over five years came in Q2 2025 (a gain of 173.39 percentage points), and the weakest in Q2 2024 (a drop of 178.13 percentage points).
- Business Quant data shows FWRD's Return on Sales [ROS] at 3.51% (Q1 2026), -0.45% (Q4 2025) and 2.38% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 40.25% |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | 38.27% |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | 35.35% |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 32.44% |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | 4.07% |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | 6.20% |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | 9.43% |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | 29.94% |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | 6.20% |
| 10 | Forward Air | 536.74 Mn | 2.68 Mn | - | -29.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -29.91% |
| Mar 31, 2026 | 3.51% |
| Dec 31, 2025 | -0.45% |
| Sep 30, 2025 | 2.38% |
| Jun 30, 2025 | 3.15% |
| Mar 31, 2025 | 0.78% |
| Dec 31, 2024 | 11.99% |
| Sep 30, 2024 | 3.46% |
| Jun 30, 2024 | -170.24% |
| Mar 31, 2024 | -12.13% |
| Dec 31, 2023 | 0.89% |
| Sep 30, 2023 | 3.43% |
| Jun 30, 2023 | 7.89% |
| Mar 31, 2023 | 13.19% |
| Dec 31, 2022 | 10.68% |
| Sep 30, 2022 | 16.54% |
| Jun 30, 2022 | 17.08% |
| Mar 31, 2022 | 14.29% |
| Dec 31, 2021 | 21.49% |
| Sep 30, 2021 | 10.12% |
API Access
Forward Air Return on Sales [ROS] 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-sales-%5Bros%5D&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "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-sales-%5Bros%5D&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();