Forward Air (FWRD) Times Interest Earned (2009 - 2026)

Forward Air (FWRD) reported Times Interest Earned of $0.47 for Q1 2026, up 348.46% on a YoY basis from $0.1 in Q1 2025, and up 837.45% quarter-over-quarter from -$0.06 in Q4 2025.

Forward Air (FWRD) Times Interest Earned (2009 - 2026) Analysis & Trends

Forward Air has reported Times Interest Earned for 18 years, with the latest figure at $0.47 in Q1 2026.

  • For the quarter ending Q1 2026, Times Interest Earned rose 348.46% year-over-year to $0.47; the trailing twelve-month figure through Mar 2026 stood at $0.29 (up 105.7% YoY), and the FY2025 full-year result was $0.2, up 103.59% from the prior year.
  • Times Interest Earned for Q1 2026 stood at $0.47, up from -$0.06 in the prior quarter.
  • The five-year high for Times Interest Earned was $73.15 in Q1 2022, with the low at -$23.18 in Q2 2024.
  • Historically, Times Interest Earned has averaged $13.1 across 5 years, with a median of $0.47 in 2026.
  • The largest YoY upside for Times Interest Earned was 1151.85% in 2024 against a maximum downside of 327.65% in 2024.
  • Forward Air's Times Interest Earned stood at $26.61 in 2022, then plunged by 99.53% to $0.13 in 2023, then surged by 1151.85% to $1.57 in 2024, then tumbled by 104.06% to -$0.06 in 2025, then surged by 837.45% to $0.47 in 2026.
  • The last three Times Interest Earned figures came in at $0.47 (Q1 2026), -$0.06 (Q4 2025), and $0.34 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Times Interest Earned (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn 4.76
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 11.56
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 1.22
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn -50.42
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn -1.68
10 Forward Air 326.09 Mn 226.34 Mn 526.45 Mn 0.47

Historic Data

Download Data
DateValue
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
Jun 30, 2021 31.84