Forward Air Corp (FWRD) stock
FWRDNasdaqArrangement of Transportation of Freight & CargoFiscal year ends December 31
$17.39+0.23 (+1.34%)
Close on Nov 13, 2026Market cap $587.45MP/E –Yield 0.00%
Forward Air ebitda
EBITDA is earnings before interest, taxes, depreciation and amortization, a rough measure of cash profit from operations.
Forward Air's ebitda for the twelve months ending Sep 30, 2026 was $15.20M, down 94.3% year over year. For fiscal 2025 it was $189.06M. Over ten years it grew 4.7% a year on average. The highest annual figure on record is $290.14M in fiscal 2022.
Annual ebitda
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $189.06M | – |
| FY2024 | Dec 31, 2024 | -$918.96M | -731.1% |
| FY2023 | Dec 31, 2023 | $145.62M | -49.8% |
| FY2022 | Dec 31, 2022 | $290.14M | +59.4% |
| FY2021 | Dec 31, 2021 | $181.99M | +63.9% |
| FY2020 | Dec 31, 2020 | $111.05M | -25.4% |
| FY2019 | Dec 31, 2019 | $148.81M | -2.8% |
| FY2018 | Dec 31, 2018 | $153.05M | +2.2% |
| FY2017 | Dec 31, 2017 | $149.81M | +53.0% |
| FY2016 | Dec 31, 2016 | $97.91M | -17.7% |
| FY2015 | Dec 31, 2015 | $118.93M | -6.8% |
| FY2014 | Dec 31, 2014 | $127.54M | +18.2% |
| FY2013 | Dec 31, 2013 | $107.93M | +3.2% |
| FY2012 | Dec 31, 2012 | $104.55M | +6.6% |
| FY2011 | Dec 31, 2011 | $98.10M | +32.2% |
| FY2010 | Dec 31, 2010 | $74.19M | +93.8% |
| FY2009 | Dec 31, 2009 | $38.27M | -28.7% |
| FY2008 | Dec 31, 2008 | $53.67M | – |
Quarterly ebitda
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $81.43M | +54.4% |
| Q2 FY2026 | Jun 30, 2026 | -$163.05M | -389.5% |
| Q1 FY2026 | Mar 31, 2026 | $58.96M | +40.0% |
| Q4 FY2025 | Dec 31, 2025 | $37.86M | -66.7% |
| Q3 FY2025 | Sep 30, 2025 | $52.76M | +8.6% |
| Q2 FY2025 | Jun 30, 2025 | $56.33M | – |
| Q1 FY2025 | Mar 31, 2025 | $42.12M | – |
| Q4 FY2024 | Dec 31, 2024 | $113.51M | +451.6% |
| Q3 FY2024 | Sep 30, 2024 | $48.59M | +87.6% |
| Q2 FY2024 | Jun 30, 2024 | -$1.05B | -2746.2% |
| Q1 FY2024 | Mar 31, 2024 | -$33.95M | -157.0% |
| Q4 FY2023 | Dec 31, 2023 | $20.58M | -59.3% |
| Q3 FY2023 | Sep 30, 2023 | $25.90M | -69.1% |
| Q2 FY2023 | Jun 30, 2023 | $39.57M | -54.6% |
| Q1 FY2023 | Mar 31, 2023 | $59.57M | -13.0% |
| Q4 FY2022 | Dec 31, 2022 | $50.59M | +8.6% |
| Q3 FY2022 | Sep 30, 2022 | $83.93M | +61.7% |
| Q2 FY2022 | Jun 30, 2022 | $87.14M | +69.1% |
| Q1 FY2022 | Mar 31, 2022 | $68.48M | +114.3% |
| Q4 FY2021 | Dec 31, 2021 | $46.60M | +55.7% |
| Q3 FY2021 | Sep 30, 2021 | $51.89M | +58.8% |
| Q2 FY2021 | Jun 30, 2021 | $51.54M | +120.9% |
| Q1 FY2021 | Mar 31, 2021 | $31.96M | +27.3% |
| Q4 FY2020 | Dec 31, 2020 | $29.93M | -28.2% |
| Q3 FY2020 | Sep 30, 2020 | $32.68M | -14.4% |
| Q2 FY2020 | Jun 30, 2020 | $23.33M | -39.1% |
| Q1 FY2020 | Mar 31, 2020 | $25.11M | -29.4% |
| Q4 FY2019 | Dec 31, 2019 | $41.72M | +5.5% |
| Q3 FY2019 | Sep 30, 2019 | $38.20M | -4.9% |
| Q2 FY2019 | Jun 30, 2019 | $38.30M | -11.4% |
| Q1 FY2019 | Mar 31, 2019 | $35.56M | +1.8% |
| Q4 FY2018 | Dec 31, 2018 | $39.53M | +3.2% |
| Q3 FY2018 | Sep 30, 2018 | $40.17M | +7.1% |
| Q2 FY2018 | Jun 30, 2018 | $43.23M | +7.5% |
| Q1 FY2018 | Mar 31, 2018 | $34.93M | +3.4% |
| Q4 FY2017 | Dec 31, 2017 | $38.32M | +0.8% |
| Q3 FY2017 | Sep 30, 2017 | $37.50M | – |
| Q2 FY2017 | Jun 30, 2017 | $40.22M | – |
| Q1 FY2017 | Mar 31, 2017 | $33.78M | – |
| Q4 FY2016 | Dec 31, 2016 | $38.02M | – |
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