Growth Metrics

Forward Air (FWRD) Revenue (2016 - 2025)

Forward Air's Revenue history spans 17 years, with the latest figure at $631.2 million for Q4 2025.

  • For Q4 2025, Revenue changed 0.26% year-over-year to $631.2 million; the TTM value through Dec 2025 reached $2.5 billion, up 0.84%, while the annual FY2025 figure was $2.5 billion, 0.84% up from the prior year.
  • Revenue reached $631.2 million in Q4 2025 per FWRD's latest filing, roughly flat from $631.8 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 $184.7 million in Q4 2021.
  • Average Revenue over 5 years is $470.3 million, with a median of $426.9 million recorded in 2021.
  • Peak YoY movement for Revenue: crashed 47.27% in 2021, then soared 118.18% in 2022.
  • A 5-year view of Revenue shows it stood at $184.7 million in 2021, then skyrocketed by 118.18% to $403.0 million in 2022, then fell by 16.03% to $338.4 million in 2023, then surged by 87.0% to $632.8 million in 2024, then dropped by 0.26% to $631.2 million in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Revenue are $631.2 million (Q4 2025), $631.8 million (Q3 2025), and $618.8 million (Q2 2025).