Forward Air (FWRD) Total Non-Current Liabilities (2009 - 2026)
Forward Air (FWRD) reported Total Non-Current Liabilities of $2.48 billion for Q2 2026, down 0.6% from $2.5 billion a year earlier and down 1.5% from the prior quarter.
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Analysis
Forward Air (FWRD) Total Non-Current Liabilities (2009 - 2026) Analysis & Trends
At the end of FY2025, Forward Air posted Total Non-Current Liabilities of $2.5 billion, up 17.4% from FY2024.
- Total Non-Current Liabilities has increased for three consecutive years, with a five-year compound annual growth rate of 41.2% (FY2020 to FY2025).
- By year, Total Non-Current Liabilities came in at $2.13 billion in FY2024 (+7.8%), $1.98 billion in FY2023 (+347.8%), $441.79 million in FY2022 (-6.9%) and $474.55 million in FY2021 (+6.4%).
- The Q2 2026 figure ranks as the lowest quarterly Total Non-Current Liabilities since Q4 2024.
- Year over year, Total Non-Current Liabilities gained in three of the last eight quarters, with growth averaging 59.5%.
- The high point for year-over-year Total Non-Current Liabilities in five years was Q2 2024 (growth of 475.5%); the low point was Q4 2022 (a decline of 6.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.52 billion (Q1 2026), $2.5 billion (Q4 2025) and $2.55 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 48.79 Bn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 30.11 Bn |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 29.47 Bn |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 52.41 Bn |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 27.16 Bn |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 62.88 Bn |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 30.90 Bn |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 656.79 Mn |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 151.69 Mn |
| 10 | Forward Air | 506.38 Mn | -27.68 Mn | - | 2.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.48 Bn |
| Mar 31, 2026 | 2.52 Bn |
| Dec 31, 2025 | 2.50 Bn |
| Sep 30, 2025 | 2.55 Bn |
| Jun 30, 2025 | 2.50 Bn |
| Mar 31, 2025 | 2.52 Bn |
| Dec 31, 2024 | 2.13 Bn |
| Sep 30, 2024 | 2.68 Bn |
| Jun 30, 2024 | 2.66 Bn |
| Mar 31, 2024 | 2.58 Bn |
| Dec 31, 2023 | 1.98 Bn |
| Sep 30, 2023 | 473.92 Mn |
| Jun 30, 2023 | 462.53 Mn |
| Mar 31, 2023 | 490.43 Mn |
| Dec 31, 2022 | 441.79 Mn |
| Sep 30, 2022 | 445.89 Mn |
| Jun 30, 2022 | 477.42 Mn |
| Mar 31, 2022 | 502.66 Mn |
| Dec 31, 2021 | 474.55 Mn |
| Sep 30, 2021 | 457.62 Mn |
API Access
Forward Air Total Non-Current 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-non-current-liabilities&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-non-current-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-non-current-liabilities&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();