Forward Air (FWRD) Total Liabilities (2009 - 2026)
Forward Air (FWRD) recorded Total Liabilities of $2.53 billion in Q2 2026, down 0.5% from $2.54 billion a year earlier and down 1.6% from the prior quarter.
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Analysis
Forward Air (FWRD) Total Liabilities (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air reported Total Liabilities of $2.56 billion, up 1.6% from FY2024.
- Annual Total Liabilities has increased for three straight years, with a five-year compound annual growth rate of 38.6% (FY2020 to FY2025).
- Across earlier years, Total Liabilities came in at $2.52 billion in FY2024 (+13.6%), $2.22 billion in FY2023 (+342.3%), $500.83 million in FY2022 (-4.5%) and $524.17 million in FY2021 (+4.8%).
- The Q2 2026 figure is the lowest quarterly Total Liabilities since Q4 2024.
- On a year-over-year basis, Total Liabilities rose in three of the last eight quarters, with growth averaging 52.6%.
- Peak year-over-year performance for Total Liabilities in the last five years was growth of 429.4% in Q2 2024, against a decline of 5.9% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.57 billion (Q1 2026), $2.56 billion (Q4 2025) and $2.6 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 50.54 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 30.64 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 30.13 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 56.17 Bn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 28.87 Bn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 67.29 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 64.51 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 1.19 Bn |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 10.09 Bn |
| 10 | Forward Air | 515.15 Mn | -18.91 Mn | - | 2.53 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.53 Bn |
| Mar 31, 2026 | 2.57 Bn |
| Dec 31, 2025 | 2.56 Bn |
| Sep 30, 2025 | 2.60 Bn |
| Jun 30, 2025 | 2.54 Bn |
| Mar 31, 2025 | 2.58 Bn |
| Dec 31, 2024 | 2.52 Bn |
| Sep 30, 2024 | 2.72 Bn |
| Jun 30, 2024 | 2.71 Bn |
| Mar 31, 2024 | 2.63 Bn |
| Dec 31, 2023 | 2.22 Bn |
| Sep 30, 2023 | 524.88 Mn |
| Jun 30, 2023 | 510.96 Mn |
| Mar 31, 2023 | 540.93 Mn |
| Dec 31, 2022 | 500.83 Mn |
| Sep 30, 2022 | 503.36 Mn |
| Jun 30, 2022 | 532.79 Mn |
| Mar 31, 2022 | 555.04 Mn |
| Dec 31, 2021 | 524.17 Mn |
| Sep 30, 2021 | 514.97 Mn |
API Access
Forward Air Total Liabilities 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=total-liabilities&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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=total-liabilities&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();