Forward Air (FWRD) Short term Debt (2009 - 2025)
Forward Air's (FWRD) quarterly Short term Debt came in at $16.5 million in Q3 2025, down 1.37% YoY from $16.7 million in Q3 2024, and down 2.17% on a QoQ basis from $16.9 million in Q2 2025.
Forward Air (FWRD) Short term Debt (2009 - 2025) Analysis & Trends
Forward Air (FWRD) has 17 years of Short term Debt data on file, last reported at $16.5 million in Q3 2025.
- Quarterly Short term Debt fell 1.37% year-over-year to $16.5 million in Q3 2025, while the trailing twelve-month figure through Sep 2025 was $16.5 million (down 1.37% YoY) and the FY2024 annual result came in at $16.9 million, up 33.89% from the prior year.
- Short term Debt declined to $16.5 million in Q3 2025, from $16.9 million in the prior quarter.
- In the past five years, Short term Debt ranged from a high of $28.1 million in Q1 2024 to a low of $1.8 million in Q3 2021.
- A 5-year average of $11.9 million and a median of $12.6 million in 2023 frame the typical range for Short term Debt.
- Annual changes were most pronounced in 2022 — Short term Debt soared 328.63% — and 2025, when it plunged 37.99%.
- Tracing FWRD's Short term Debt over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn |
| 10 | Forward Air | 577.19 Mn | 437.74 Mn | 617.46 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 |