Forward Air (FWRD) Shares Outstanding (2009 - 2026)
Forward Air's (FWRD) quarterly Shares Outstanding (Entity) came in at $31.6 million in Q1 2026, up 3.9% YoY from $30.4 million in Q1 2025, and up 0.87% on a QoQ basis from $31.3 million in Q4 2025.
Forward Air (FWRD) Shares Outstanding (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Shares Outstanding (Entity) data on file, last reported at $31.6 million in Q1 2026.
- Quarterly Shares Outstanding (Entity) rose 3.9% year-over-year to $31.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $31.6 million (up 3.9% YoY) and the FY2025 annual result came in at $31.3 million, up 5.26% from the prior year.
- Shares Outstanding (Entity) rose to $31.6 million in Q1 2026, from $31.3 million in the prior quarter.
- In the past five years, Shares Outstanding (Entity) ranged from a high of $31.6 million in Q1 2026 to a low of $25.7 million in Q3 2023.
- A 5-year average of $28.1 million and a median of $26.9 million in 2022 frame the typical range for Shares Outstanding (Entity).
- Annual changes were most pronounced in 2023 — Shares Outstanding (Entity) dropped 4.07% — and 2024, when it climbed 15.93%.
- Tracing FWRD's Shares Outstanding (Entity) over 5 years: stood at $26.5 million in 2022, then declined by 2.99% to $25.7 million in 2023, then climbed by 15.93% to $29.8 million in 2024, then rose by 5.26% to $31.3 million in 2025, then grew by 0.87% to $31.6 million in 2026.
- The last three Shares Outstanding (Entity) figures came in at $31.6 million (Q1 2026), $31.3 million (Q4 2025), and $31.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | 851.00 Mn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | 237.00 Mn |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | 94.13 Mn |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | 130.95 Mn |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 797.63 Mn |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | 118.57 Mn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | 33.94 Mn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 115.01 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | 136.69 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | 32.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.48 Mn |
| Mar 31, 2026 | 31.48 Mn |
| Dec 31, 2025 | 30.72 Mn |
| Sep 30, 2025 | 30.97 Mn |
| Jun 30, 2025 | 30.43 Mn |
| Mar 31, 2025 | 30.19 Mn |
| Dec 31, 2024 | 27.54 Mn |
| Sep 30, 2024 | 27.94 Mn |
| Jun 30, 2024 | 26.80 Mn |
| Mar 31, 2024 | 26.22 Mn |
| Dec 31, 2023 | 25.91 Mn |
| Sep 30, 2023 | 25.70 Mn |
| Jun 30, 2023 | 25.94 Mn |
| Mar 31, 2023 | 26.35 Mn |
| Dec 31, 2022 | 26.78 Mn |
| Sep 30, 2022 | 26.77 Mn |
| Jun 30, 2022 | 26.87 Mn |
| Mar 31, 2022 | 26.95 Mn |
| Dec 31, 2021 | 27.16 Mn |
| Sep 30, 2021 | 27.03 Mn |