Forward Air (FWRD) Times Interest Earned (2009 - 2026)
Forward Air's (FWRD) Times Interest Earned came in at -4.60 for Q2 2026, compared with 0.43 a year earlier.
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Analysis
Forward Air (FWRD) Times Interest Earned (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Times Interest Earned at Forward Air was -0.95; for FY2025, it was 0.20.
- In prior years, Forward Air's Times Interest Earned was -5.62 in FY2024, 2.79 in FY2023 (-94.2%), 48.19 in FY2022 (+42.2%) and 33.89 in FY2021 (+109.1%).
- The Q2 2026 figure stands as the lowest quarterly Times Interest Earned since Q2 2024.
- The strongest year-over-year quarter for Times Interest Earned in the past five years was Q1 2026, with growth of 348.5%; the weakest was Q4 2023, with a decline of 99.5%.
- According to Business Quant data, Times Interest Earned for the three prior quarters was 0.47 (Q1 2026), -0.06 (Q4 2025) and 0.34 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 8.83 |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 7.14 |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 3.42 |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 5.71 |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | - |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 6,122.38 |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 38.62 |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | -4.60 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.60 |
| Mar 31, 2026 | 0.47 |
| Dec 31, 2025 | -0.06 |
| Sep 30, 2025 | 0.34 |
| Jun 30, 2025 | 0.43 |
| Mar 31, 2025 | 0.10 |
| Dec 31, 2024 | 1.57 |
| Sep 30, 2024 | 0.43 |
| Jun 30, 2024 | -23.18 |
| Mar 31, 2024 | -1.61 |
| Dec 31, 2023 | 0.13 |
| Sep 30, 2023 | 4.40 |
| Jun 30, 2023 | 10.18 |
| Mar 31, 2023 | 20.04 |
| Dec 31, 2022 | 26.61 |
| Sep 30, 2022 | 46.42 |
| Jun 30, 2022 | 63.32 |
| Mar 31, 2022 | 73.15 |
| Dec 31, 2021 | 45.27 |
| Sep 30, 2021 | 43.65 |
API Access
Forward Air Times Interest Earned 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=times-interest-earned&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "times-interest-earned", "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=times-interest-earned&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();