Forward Air annual gross margin
2016
2017
2018
2019
2020
2022
2023
2024
2025
Forward Air Gross Margin Growth & History (FWRD)
Forward Air's gross margin was 13.55% for fiscal 2025.
View full Forward Air company overviewForward Air annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 13.55% | −0.17 pp |
| 2024 | 2024-12-31 | 13.73% | −10.36 pp |
| 2023 | 2023-12-31 | 24.09% | −5.19 pp |
| 2022 | 2022-12-31 | 29.27% | — |
| 2020 | 2020-12-31 | 48.75% | −3.02 pp |
| 2019 | 2019-12-31 | 51.77% | +1.37 pp |
| 2018 | 2018-12-31 | 50.39% | −2.99 pp |
| 2017 | 2017-12-31 | 53.38% | −1.89 pp |
| 2016 | 2016-12-31 | 55.27% | — |
Forward Air quarterly gross margin
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 16.63% | +3.95 pp |
| Q1 2026 | 2026-03-31 | 15.38% | — |
| Q4 2025 | 2025-12-31 | 15.19% | — |
| Q3 2025 | 2025-09-30 | 14.01% | — |
| Q2 2025 | 2025-06-30 | 12.68% | — |
| Q4 2019 | 2019-12-31 | 19.68% | +2.90 pp |
| Q3 2019 | 2019-09-30 | 54.76% | +1.67 pp |
| Q2 2019 | 2019-06-30 | 55.13% | +2.27 pp |
| Q1 2019 | 2019-03-31 | 55.20% | +1.36 pp |
| Q4 2018 | 2018-12-31 | 16.77% | — |
| Q3 2018 | 2018-09-30 | 53.09% | — |
| Q2 2018 | 2018-06-30 | 52.86% | — |
| Q1 2018 | 2018-03-31 | 53.85% | — |
Forward Air gross margin trends
Over the last five fiscal years, Forward Air's gross margin decreased from 48.75% to 13.55%, a change of −35.20 percentage points. The latest reported quarter, Q2 2026, shows 16.63%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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