Forward Air (FWRD) Total Debt (2009 - 2026)
Forward Air's (FWRD) quarterly Total Debt came in at $1.7 billion in Q1 2026, little changed YoY from $1.7 billion in Q1 2025, and little changed on a QoQ basis from $1.7 billion in Q4 2025.
Forward Air (FWRD) Total Debt (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Total Debt data on file, last reported at $1.7 billion in Q1 2026.
- Quarterly Total Debt changed 0.34% year-over-year to $1.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.7 billion (changed 0.34% YoY) and the FY2025 annual result came in at $1.7 billion, changed 0.33% from the prior year.
- Total Debt was little changed at $1.7 billion in Q1 2026, from $1.7 billion in the prior quarter.
- In the past five years, Total Debt ranged from a high of $1.7 billion in Q3 2025 to a low of $12.6 million in Q4 2023.
- A 5-year average of $955.3 million and a median of $1.7 billion in 2025 frame the typical range for Total Debt.
- Annual changes were most pronounced in 2023 — Total Debt slumped 89.09% — and 2024, when it jumped 13287.58%.
- Tracing FWRD's Total Debt over 5 years: stood at $115.9 million in 2022, then tumbled by 89.09% to $12.6 million in 2023, then jumped by 13287.58% to $1.7 billion in 2024, then declined by 0.33% to $1.7 billion in 2025, then increased by 0.18% to $1.7 billion in 2026.
- The last three Total Debt figures came in at $1.7 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn | 24.48 Bn |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn | 25.13 Bn |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - | 1.15 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 | 1.69 Bn |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 2.45 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 | 3.20 Bn |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 2.06 Bn |
| 10 | Forward Air | 577.19 Mn | 437.74 Mn | 617.46 Mn | 1.69 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.69 Bn |
| Mar 31, 2026 | 1.69 Bn |
| Dec 31, 2025 | 1.69 Bn |
| Sep 30, 2025 | 1.70 Bn |
| Jun 30, 2025 | 1.70 Bn |
| Mar 31, 2025 | 1.70 Bn |
| Dec 31, 2024 | 1.69 Bn |
| Sep 30, 2024 | 1.69 Bn |
| Jun 30, 2024 | 1.69 Bn |
| Mar 31, 2024 | 1.69 Bn |
| Dec 31, 2023 | 12.65 Mn |
| Sep 30, 2023 | 137.10 Mn |
| Jun 30, 2023 | 136.35 Mn |
| Mar 31, 2023 | 162.30 Mn |
| Dec 31, 2022 | 115.90 Mn |
| Sep 30, 2022 | 114.83 Mn |
| Jun 30, 2022 | 156.28 Mn |
| Mar 31, 2022 | 162.69 Mn |
| Dec 31, 2021 | 161.55 Mn |
| Sep 30, 2021 | 163.15 Mn |