Forward Air annual capital expenditures (capex)
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Forward Air Capital Expenditures (CapEx) Growth & History (FWRD)
Forward Air's capital expenditures (capex) was $29.1M for fiscal 2025.
View full Forward Air company overviewForward Air annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $29.1M | −$7.9M | −21.44% |
| 2024 | 2024-12-31 | $37.1M | $6.3M | +20.62% |
| 2023 | 2023-12-31 | $30.7M | −$8.5M | −21.73% |
| 2022 | 2022-12-31 | $39.3M | $879,000 | +2.29% |
| 2021 | 2021-12-31 | $38.4M | $18.1M | +89.34% |
| 2020 | 2020-12-31 | $20.3M | −$1.7M | −7.90% |
| 2019 | 2019-12-31 | $22.0M | −$17.6M | −44.38% |
| 2018 | 2018-12-31 | $39.6M | $1.3M | +3.39% |
| 2017 | 2017-12-31 | $38.3M | −$3.9M | −9.29% |
| 2016 | 2016-12-31 | $42.2M | $1.7M | +4.18% |
| 2015 | 2015-12-31 | $40.5M | $1.0M | +2.55% |
| 2014 | 2014-12-31 | $39.5M | $4.0M | +11.42% |
| 2013 | 2013-12-31 | $35.4M | $14.1M | +65.97% |
| 2012 | 2012-12-31 | $21.4M | $137,000 | +0.65% |
| 2011 | 2011-12-31 | $21.2M | $6.1M | +40.06% |
| 2010 | 2010-12-31 | $15.1M | −$5.7M | −27.34% |
| 2009 | 2009-12-31 | $20.8M | −$5.9M | −21.92% |
| 2008 | 2008-12-31 | $26.7M | — | — |
Forward Air quarterly capital expenditures (capex)
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Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.2M | −$1.5M | −32.27% |
| Q1 2026 | 2026-03-31 | $6.9M | −$5.0M | −41.66% |
| Q4 2025 | 2025-12-31 | $8.4M | $1.1M | +15.19% |
| Q3 2025 | 2025-09-30 | $4.1M | −$6.3M | −60.49% |
| Q2 2025 | 2025-06-30 | $4.7M | −$9.7M | −67.11% |
| Q1 2025 | 2025-03-31 | $11.9M | $6.9M | +139.56% |
| Q4 2024 | 2024-12-31 | $7.3M | −$327,000 | −4.32% |
| Q3 2024 | 2024-09-30 | $10.4M | $4.6M | +78.23% |
| Q2 2024 | 2024-06-30 | $14.4M | $3.6M | +33.75% |
| Q1 2024 | 2024-03-31 | $5.0M | −$1.5M | −23.76% |
| Q4 2023 | 2023-12-31 | $7.6M | −$6.3M | −45.30% |
| Q3 2023 | 2023-09-30 | $5.8M | −$885,000 | −13.15% |
| Q2 2023 | 2023-06-30 | $10.8M | $2.0M | +23.06% |
| Q1 2023 | 2023-03-31 | $6.5M | −$3.4M | −34.20% |
| Q4 2022 | 2022-12-31 | $13.9M | −$1.5M | −9.81% |
| Q3 2022 | 2022-09-30 | $6.7M | −$7.7M | −53.41% |
| Q2 2022 | 2022-06-30 | $8.8M | $2.9M | +49.06% |
| Q1 2022 | 2022-03-31 | $9.9M | $7.2M | +267.64% |
| Q4 2021 | 2021-12-31 | $15.4M | $11.5M | +301.15% |
| Q3 2021 | 2021-09-30 | $14.4M | $12.2M | +548.99% |
| Q2 2021 | 2021-06-30 | $5.9M | −$5.7M | −49.15% |
| Q1 2021 | 2021-03-31 | $2.7M | $44,000 | +1.66% |
| Q4 2020 | 2020-12-31 | $3.8M | −$1.3M | −24.85% |
| Q3 2020 | 2020-09-30 | $2.2M | −$8.3M | −78.82% |
| Q2 2020 | 2020-06-30 | $11.6M | −$945,000 | −7.56% |
| Q1 2020 | 2020-03-31 | $2.7M | −$1.4M | −35.18% |
| Q4 2019 | 2019-12-31 | $5.1M | −$125,000 | −2.39% |
| Q3 2019 | 2019-09-30 | $10.5M | −$6.2M | −37.24% |
| Q2 2019 | 2019-06-30 | $12.5M | $1.1M | +9.86% |
| Q1 2019 | 2019-03-31 | $4.1M | −$2.1M | −34.25% |
| Q4 2018 | 2018-12-31 | $5.2M | −$19.4M | −78.83% |
| Q3 2018 | 2018-09-30 | $16.7M | $7.8M | +87.06% |
| Q2 2018 | 2018-06-30 | $11.4M | $9.4M | +466.42% |
| Q1 2018 | 2018-03-31 | $6.2M | $3.6M | +134.58% |
| Q4 2017 | 2017-12-31 | $24.7M | $11.2M | +83.15% |
| Q3 2017 | 2017-09-30 | $8.9M | −$3.7M | −29.45% |
| Q2 2017 | 2017-06-30 | $2.0M | −$11.3M | −84.95% |
| Q1 2017 | 2017-03-31 | $2.7M | −$36,000 | −1.34% |
| Q4 2016 | 2016-12-31 | $13.5M | −$8.5M | −38.68% |
| Q3 2016 | 2016-09-30 | $12.7M | $6.1M | +92.80% |
| Q2 2016 | 2016-06-30 | $13.4M | $6.6M | +98.31% |
| Q1 2016 | 2016-03-31 | $2.7M | −$2.5M | −48.59% |
| Q4 2015 | 2015-12-31 | $22.0M | $19.6M | +820.12% |
| Q3 2015 | 2015-09-30 | $6.6M | $2.9M | +78.73% |
| Q2 2015 | 2015-06-30 | $6.7M | −$7.1M | −51.46% |
| Q1 2015 | 2015-03-31 | $5.2M | −$14.3M | −73.25% |
| Q4 2014 | 2014-12-31 | $2.4M | $213,000 | +9.80% |
| Q3 2014 | 2014-09-30 | $3.7M | −$1.6M | −30.18% |
| Q2 2014 | 2014-06-30 | $13.9M | −$1.9M | −12.27% |
| Q1 2014 | 2014-03-31 | $19.5M | $7.4M | +60.47% |
| Q4 2013 | 2013-12-31 | $2.2M | $1.3M | +154.45% |
| Q3 2013 | 2013-09-30 | $5.3M | $3.1M | +141.72% |
| Q2 2013 | 2013-06-30 | $15.8M | $10.6M | +202.91% |
| Q1 2013 | 2013-03-31 | $12.2M | −$916,000 | −6.99% |
| Q4 2012 | 2012-12-31 | $854,000 | −$70,000 | −7.58% |
| Q3 2012 | 2012-09-30 | $2.2M | −$2.7M | −55.04% |
| Q2 2012 | 2012-06-30 | $5.2M | −$2.9M | −35.65% |
| Q1 2012 | 2012-03-31 | $13.1M | $5.8M | +78.71% |
| Q4 2011 | 2011-12-31 | $924,000 | −$2.3M | −71.65% |
| Q3 2011 | 2011-09-30 | $4.9M | $1.7M | +54.00% |
| Q2 2011 | 2011-06-30 | $8.1M | $4.8M | +144.85% |
| Q1 2011 | 2011-03-31 | $7.3M | $1.9M | +35.07% |
| Q4 2010 | 2010-12-31 | $3.3M | — | — |
| Q3 2010 | 2010-09-30 | $3.1M | −$653,000 | −17.17% |
| Q2 2010 | 2010-06-30 | $3.3M | — | — |
| Q1 2010 | 2010-03-31 | $5.4M | — | — |
| Q3 2009 | 2009-09-30 | $3.8M | — | — |
Forward Air capital expenditures (capex) trends
Over the last five fiscal years, Forward Air's capital expenditures (capex) increased from $20.3M to $29.1M, a change of $8.8M. The latest reported quarter, Q2 2026, shows $3.2M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Forward Air source filings ↗