Forward Air annual total debt
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2025
Forward Air Total Debt Growth & History (FWRD)
Forward Air's total debt was $2.16B for fiscal 2025.
View full Forward Air company overviewForward Air annual total debt history
| Fiscal year | Period ended | Total debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.16B | $13.9M | +0.65% |
| 2024 | 2024-12-31 | $2.15B | $1.99B | +1281.51% |
| 2023 | 2023-12-31 | $155.3M | −$122.3M | −44.04% |
| 2022 | 2022-12-31 | $277.6M | −$42.5M | −13.27% |
| 2021 | 2021-12-31 | $320.1M | $76.8M | +31.59% |
| 2020 | 2020-12-31 | $243.2M | $11.6M | +5.01% |
| 2019 | 2019-12-31 | $231.6M | $184.0M | +386.17% |
| 2018 | 2018-12-31 | $47.6M | $6.7M | +16.36% |
| 2017 | 2017-12-31 | $40.9M | $12.2M | +42.49% |
| 2016 | 2016-12-31 | $28.7M | −$55.8M | −65.99% |
| 2015 | 2015-12-31 | $84.5M | $83.0M | +5348.36% |
| 2014 | 2014-12-31 | $1.6M | $1.5M | +51600.00% |
| 2013 | 2013-12-31 | $3,000 | −$55,000 | −94.83% |
| 2012 | 2012-12-31 | $58,000 | −$827,000 | −93.45% |
| 2011 | 2011-12-31 | $885,000 | −$50.6M | −98.28% |
| 2010 | 2010-12-31 | $51.5M | −$1.6M | −2.95% |
| 2009 | 2009-12-31 | $53.1M | — | — |
Forward Air quarterly total debt
Q4.09
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Total debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.11B | −$52.9M | −2.44% |
| Q1 2026 | 2026-03-31 | $2.15B | −$2.6M | −0.12% |
| Q4 2025 | 2025-12-31 | $2.16B | $13.9M | +0.65% |
| Q3 2025 | 2025-09-30 | $2.16B | $68.1M | +3.26% |
| Q2 2025 | 2025-06-30 | $2.16B | $101.3M | +4.91% |
| Q1 2025 | 2025-03-31 | $2.15B | $85.8M | +4.15% |
| Q4 2024 | 2024-12-31 | $2.15B | $1.99B | +1281.51% |
| Q3 2024 | 2024-09-30 | $2.09B | $1.79B | +603.68% |
| Q2 2024 | 2024-06-30 | $2.06B | $1.75B | +571.97% |
| Q1 2024 | 2024-03-31 | $2.07B | $1.73B | +516.20% |
| Q4 2023 | 2023-12-31 | $155.3M | −$122.3M | −44.04% |
| Q3 2023 | 2023-09-30 | $296.8M | $19.3M | +6.95% |
| Q2 2023 | 2023-06-30 | $306.8M | −$14.8M | −4.60% |
| Q1 2023 | 2023-03-31 | $335.5M | $11.2M | +3.47% |
| Q4 2022 | 2022-12-31 | $277.6M | −$42.5M | −13.27% |
| Q3 2022 | 2022-09-30 | $277.5M | −$27.0M | −8.88% |
| Q2 2022 | 2022-06-30 | $321.6M | $10.5M | +3.39% |
| Q1 2022 | 2022-03-31 | $324.2M | $75.8M | +30.49% |
| Q4 2021 | 2021-12-31 | $320.1M | $76.8M | +31.59% |
| Q3 2021 | 2021-09-30 | $304.5M | $71.7M | +30.77% |
| Q2 2021 | 2021-06-30 | $311.1M | $50.0M | +19.15% |
| Q1 2021 | 2021-03-31 | $248.5M | −$60.3M | −19.53% |
| Q4 2020 | 2020-12-31 | $243.2M | $11.6M | +5.01% |
| Q3 2020 | 2020-09-30 | $232.8M | $66.1M | +39.60% |
| Q2 2020 | 2020-06-30 | $261.1M | $53.6M | +25.85% |
| Q1 2020 | 2020-03-31 | $308.8M | $127.7M | +70.55% |
| Q4 2019 | 2019-12-31 | $231.6M | $184.0M | +386.17% |
| Q3 2019 | 2019-09-30 | $166.8M | $166.3M | +35769.46% |
| Q2 2019 | 2019-06-30 | $207.4M | $206.9M | +36613.81% |
| Q1 2019 | 2019-03-31 | $181.1M | $180.4M | +27796.92% |
| Q4 2018 | 2018-12-31 | $47.6M | $6.7M | +16.36% |
| Q3 2018 | 2018-09-30 | $465,000 | −$470,000 | −50.27% |
| Q2 2018 | 2018-06-30 | $565,000 | −$554,000 | −49.51% |
| Q1 2018 | 2018-03-31 | $649,000 | −$409,000 | −38.66% |
| Q4 2017 | 2017-12-31 | $40.9M | $12.2M | +42.49% |
| Q3 2017 | 2017-09-30 | $935,000 | −$285,000 | −23.36% |
| Q2 2017 | 2017-06-30 | $1.1M | −$188,000 | −14.38% |
| Q1 2017 | 2017-03-31 | $1.1M | −$266,000 | −20.09% |
| Q4 2016 | 2016-12-31 | $28.7M | −$55.8M | −65.99% |
| Q3 2016 | 2016-09-30 | $1.2M | −$391,000 | −24.27% |
| Q2 2016 | 2016-06-30 | $1.3M | −$503,000 | −27.79% |
| Q1 2016 | 2016-03-31 | $1.3M | −$705,000 | −34.75% |
| Q4 2015 | 2015-12-31 | $84.5M | $83.0M | +5348.36% |
| Q3 2015 | 2015-09-30 | $1.6M | −$51,000 | −3.07% |
| Q2 2015 | 2015-06-30 | $1.8M | $66,000 | +3.78% |
| Q1 2015 | 2015-03-31 | $2.0M | $552,000 | +37.37% |
| Q4 2014 | 2014-12-31 | $1.6M | $1.5M | +51600.00% |
| Q3 2014 | 2014-09-30 | $1.7M | $1.7M | +41450.00% |
| Q2 2014 | 2014-06-30 | $1.7M | $1.7M | +7482.61% |
| Q1 2014 | 2014-03-31 | $1.5M | $1.4M | +3891.89% |
| Q4 2013 | 2013-12-31 | $3,000 | −$55,000 | −94.83% |
| Q3 2013 | 2013-09-30 | $4,000 | −$84,000 | −95.45% |
| Q2 2013 | 2013-06-30 | $23,000 | −$116,000 | −83.45% |
| Q1 2013 | 2013-03-31 | $37,000 | −$191,000 | −83.77% |
| Q4 2012 | 2012-12-31 | $58,000 | −$827,000 | −93.45% |
| Q3 2012 | 2012-09-30 | $88,000 | −$50.4M | −99.83% |
| Q2 2012 | 2012-06-30 | $139,000 | −$50.5M | −99.73% |
| Q1 2012 | 2012-03-31 | $228,000 | −$50.5M | −99.55% |
| Q4 2011 | 2011-12-31 | $885,000 | −$50.6M | −98.28% |
| Q3 2011 | 2011-09-30 | $50.5M | −$550,000 | −1.08% |
| Q2 2011 | 2011-06-30 | $50.6M | −$1.2M | −2.33% |
| Q1 2011 | 2011-03-31 | $50.7M | — | — |
| Q4 2010 | 2010-12-31 | $51.5M | −$1.6M | −2.95% |
| Q3 2010 | 2010-09-30 | $51.0M | — | — |
| Q2 2010 | 2010-06-30 | $51.8M | — | — |
| Q4 2009 | 2009-12-31 | $53.1M | — | — |
Forward Air total debt trends
Over the last five fiscal years, Forward Air's total debt increased from $243.2M to $2.16B, a change of $1.92B. The latest reported quarter, Q2 2026, shows $2.11B.
About the metric
What total debt means
Total debt measures a company’s reported interest-bearing borrowing obligations at a reporting-period end. It can include short-term borrowings, current maturities, long-term debt, and finance lease obligations when they are included in the company’s debt facts.
Calculation and source
SEC-reported and combined total debt
TickerStat uses a reported aggregate debt value when available. Otherwise, it combines non-overlapping current and noncurrent debt facts from SEC filings. Total liabilities are not treated as debt, and missing debt is not assumed to be zero. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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