Forward Air (FWRD) Revenue (2009 - 2026)
Forward Air (FWRD) reported Revenue of $582.0 million for Q1 2026, down 5.09% on a YoY basis from $613.3 million in Q1 2025, and down 7.79% quarter-over-quarter from $631.2 million in Q4 2025.
Forward Air (FWRD) Revenue (2009 - 2026) Analysis & Trends
Forward Air has reported Revenue for 18 years, with the latest figure at $582.0 million in Q1 2026.
- For the quarter ending Q1 2026, Revenue fell 5.09% year-over-year to $582.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.5 billion (down 3.22% YoY), and the FY2025 full-year result was $2.5 billion, up 0.84% from the prior year.
- Revenue for Q1 2026 stood at $582.0 million, down from $631.2 million in the prior quarter.
- The five-year high for Revenue was $655.9 million in Q3 2024, with the low at $333.6 million in Q2 2023.
- Historically, Revenue has averaged $506.0 million across 5 years, with a median of $541.8 million in 2024.
- Annual changes were most pronounced in 2022 — Revenue surged 118.18% — and 2023, when it dropped 24.55%.
- Forward Air's Revenue stood at $403.0 million in 2022, then retreated by 16.03% to $338.4 million in 2023, then soared by 87.0% to $632.8 million in 2024, then declined by 0.26% to $631.2 million in 2025, then fell by 7.79% to $582.0 million in 2026.
- The last three Revenue figures came in at $582.0 million (Q1 2026), $631.2 million (Q4 2025), and $631.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn | 21.20 Bn |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | 24.00 Bn |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | 3.06 Bn |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | 4.01 Bn |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | 2.86 Bn |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | 1.17 Bn |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | 3.30 Bn |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | 1.93 Bn |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 477.41 Mn |
| 10 | Forward Air | 326.09 Mn | 226.34 Mn | 526.45 Mn | 582.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 582.05 Mn |
| Dec 31, 2025 | 631.23 Mn |
| Sep 30, 2025 | 631.76 Mn |
| Jun 30, 2025 | 618.84 Mn |
| Mar 31, 2025 | 613.28 Mn |
| Dec 31, 2024 | 632.85 Mn |
| Sep 30, 2024 | 655.94 Mn |
| Jun 30, 2024 | 643.67 Mn |
| Mar 31, 2024 | 541.81 Mn |
| Dec 31, 2023 | 338.43 Mn |
| Sep 30, 2023 | 340.98 Mn |
| Jun 30, 2023 | 333.62 Mn |
| Mar 31, 2023 | 357.71 Mn |
| Dec 31, 2022 | 403.04 Mn |
| Sep 30, 2022 | 433.20 Mn |
| Jun 30, 2022 | 442.19 Mn |
| Mar 31, 2022 | 401.20 Mn |
| Dec 31, 2021 | 184.73 Mn |
| Sep 30, 2021 | 419.63 Mn |
| Jun 30, 2021 | 420.67 Mn |