Forward Air (FWRD) Shares Outstanding (Entity) (2009 - 2026)
Forward Air (FWRD) posted Shares Outstanding (Entity) of 33.74 million for Q2 2026, up 10.2% from 30.61 million a year earlier and up 6.8% from the prior quarter.
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Analysis
Forward Air (FWRD) Shares Outstanding (Entity) (2009 - 2026) Analysis & Trends
For FY2025, Forward Air's Shares Outstanding (Entity) came in at 31.33 million, up 5.3% from FY2024.
- Annual Shares Outstanding (Entity) shows a five-year compound annual growth rate of 2.8% (FY2020 to FY2025).
- In prior years, Forward Air's Shares Outstanding (Entity) was 29.76 million in FY2024 (+15.9%), 25.67 million in FY2023 (-3.0%), 26.46 million in FY2022 (-1.9%) and 26.97 million in FY2021 (-1.3%).
- The Q2 2026 figure stands as the highest quarterly Shares Outstanding (Entity) in data going back to Q2 2009.
- On a year-over-year basis, Shares Outstanding (Entity) has increased in each of the last ten quarters, with growth averaging 10.2% over the last eight quarters.
- The strongest year-over-year quarter for Shares Outstanding (Entity) in the past five years was Q4 2024, with growth of 15.9%; the weakest was Q2 2023, with a decline of 4.1%.
- According to Business Quant data, Shares Outstanding (Entity) for the three prior quarters was 31.6 million (Q1 2026), 31.33 million (Q4 2025) and 31.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 593.96 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 1.85 Bn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 879.08 Mn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 749.35 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 224.61 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 236.58 Mn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 657.62 Mn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 207.47 Mn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | - |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | 33.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.74 Mn |
| Mar 31, 2026 | 31.60 Mn |
| Dec 31, 2025 | 31.33 Mn |
| Sep 30, 2025 | 31.20 Mn |
| Jun 30, 2025 | 30.61 Mn |
| Mar 31, 2025 | 30.41 Mn |
| Dec 31, 2024 | 29.76 Mn |
| Sep 30, 2024 | 28.69 Mn |
| Jun 30, 2024 | 27.70 Mn |
| Mar 31, 2024 | 26.44 Mn |
| Dec 31, 2023 | 25.67 Mn |
| Sep 30, 2023 | 25.66 Mn |
| Jun 30, 2023 | 25.79 Mn |
| Mar 31, 2023 | 26.05 Mn |
| Dec 31, 2022 | 26.46 Mn |
| Sep 30, 2022 | 26.59 Mn |
| Jun 30, 2022 | 26.88 Mn |
| Mar 31, 2022 | 26.86 Mn |
| Dec 31, 2021 | 26.97 Mn |
| Sep 30, 2021 | 26.96 Mn |
API Access
Forward Air Shares Outstanding (Entity) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-entity&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-entity&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();