Forward Air (FWRD) Revenue (2009 - 2026)
Forward Air's (FWRD) quarterly Revenue came in at $582.0 million in Q1 2026, down 5.09% YoY from $613.3 million in Q1 2025, and down 7.79% on a QoQ basis from $631.2 million in Q4 2025.
Forward Air (FWRD) Revenue (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Revenue data on file, last reported at $582.0 million in Q1 2026.
- Quarterly Revenue fell 5.09% year-over-year to $582.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.5 billion (down 3.22% YoY) and the FY2025 annual result came in at $2.5 billion, up 0.84% from the prior year.
- Revenue eased to $582.0 million in Q1 2026, from $631.2 million in the prior quarter.
- In the past five years, Revenue ranged from a high of $655.9 million in Q3 2024 to a low of $333.6 million in Q2 2023.
- A 5-year average of $506.0 million and a median of $541.8 million in 2024 frame the typical range for Revenue.
- Annual changes were most pronounced in 2022 — Revenue surged 118.18% — and 2023, when it dropped 24.55%.
- Tracing FWRD's Revenue over 5 years: 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 | 86.89 Bn | 82.23 Bn | 19.65 Bn | 22.83 Bn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | 25.01 Bn |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | 3.50 Bn |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | 3.50 Bn |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 1.93 Bn |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | 4.93 Bn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | 1.43 Bn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 3.44 Bn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | 451.50 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | 673.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 673.04 Mn |
| 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 |