Forward Air (FWRD) Short term Debt (2009 - 2025)
Forward Air (FWRD) reported Short term Debt of $16.5 million for Q3 2025, down 1.37% on a YoY basis from $16.7 million in Q3 2024, and down 2.17% quarter-over-quarter from $16.9 million in Q2 2025.
Forward Air (FWRD) Short term Debt (2009 - 2025) Analysis & Trends
Forward Air has reported Short term Debt for 17 years, with the latest figure at $16.5 million in Q3 2025.
- For the quarter ending Q3 2025, Short term Debt fell 1.37% year-over-year to $16.5 million; the trailing twelve-month figure through Sep 2025 stood at $16.5 million (down 1.37% YoY), and the FY2024 full-year result was $16.9 million, up 33.89% from the prior year.
- Short term Debt for Q3 2025 stood at $16.5 million, down from $16.9 million in the prior quarter.
- The five-year high for Short term Debt was $28.1 million in Q1 2024, with the low at $1.8 million in Q3 2021.
- Historically, Short term Debt has averaged $11.9 million across 5 years, with a median of $12.6 million in 2023.
- Annual changes were most pronounced in 2022 — Short term Debt soared 328.63% — and 2025, when it plunged 37.99%.
- Forward Air's Short term Debt stood at $6.1 million in 2021, then soared by 53.01% to $9.3 million in 2022, then soared by 35.75% to $12.6 million in 2023, then jumped by 33.89% to $16.9 million in 2024, then slipped by 2.47% to $16.5 million in 2025.
- The last three Short term Debt figures came in at $16.5 million (Q3 2025), $16.9 million (Q2 2025), and $17.4 million (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn |
| 10 | Forward Air | 326.09 Mn | 226.34 Mn | 526.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 16.51 Mn |
| Jun 30, 2025 | 16.88 Mn |
| Mar 31, 2025 | 17.45 Mn |
| Dec 31, 2024 | 16.93 Mn |
| Sep 30, 2024 | 16.74 Mn |
| Jun 30, 2024 | 16.88 Mn |
| Mar 31, 2024 | 28.13 Mn |
| Dec 31, 2023 | 12.65 Mn |
| Sep 30, 2023 | 15.05 Mn |
| Jun 30, 2023 | 13.96 Mn |
| Mar 31, 2023 | 11.62 Mn |
| Dec 31, 2022 | 9.32 Mn |
| Sep 30, 2022 | 7.89 Mn |
| Jun 30, 2022 | 7.51 Mn |
| Mar 31, 2022 | 6.07 Mn |
| Dec 31, 2021 | 6.09 Mn |
| Sep 30, 2021 | 1.84 Mn |
| Jun 30, 2021 | 1.87 Mn |
| Mar 31, 2021 | 1.91 Mn |
| Dec 31, 2020 | 1.80 Mn |