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
DateValue
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