Forward Air annual working capital
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2025
Forward Air Working Capital Growth & History (FWRD)
Forward Air's working capital was $92.7M for fiscal 2025.
View full Forward Air company overviewForward Air annual working capital history
| Fiscal year | Period ended | Working capital | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $92.7M | $4.2M | +4.77% |
| 2024 | 2024-12-31 | $88.5M | −$21.5M | −19.54% |
| 2023 | 2023-12-31 | $109.9M | −$25.0M | −18.52% |
| 2022 | 2022-12-31 | $134.9M | $16.8M | +14.23% |
| 2021 | 2021-12-31 | $118.1M | $43.8M | +59.02% |
| 2020 | 2020-12-31 | $74.3M | −$24.9M | −25.09% |
| 2019 | 2019-12-31 | $99.2M | −$27.2M | −21.53% |
| 2018 | 2018-12-31 | $126.4M | $24.9M | +24.50% |
| 2017 | 2017-12-31 | $101.5M | $43.2M | +73.97% |
| 2016 | 2016-12-31 | $58.3M | −$6.1M | −9.42% |
| 2015 | 2015-12-31 | $64.4M | −$39.6M | −38.08% |
| 2014 | 2014-12-31 | $104.0M | −$81.7M | −44.00% |
| 2013 | 2013-12-31 | $185.7M | $15.3M | +8.96% |
| 2012 | 2012-12-31 | $170.5M | $64.7M | +61.15% |
| 2011 | 2011-12-31 | $105.8M | −$12.6M | −10.62% |
| 2010 | 2010-12-31 | $118.4M | $40.9M | +52.83% |
| 2009 | 2009-12-31 | $77.4M | — | — |
Forward Air quarterly working capital
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Q2.10
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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 | Working capital | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $141.5M | $63.6M | +81.65% |
| Q1 2026 | 2026-03-31 | $100.5M | $45.4M | +82.32% |
| Q4 2025 | 2025-12-31 | $92.7M | $4.2M | +4.77% |
| Q3 2025 | 2025-09-30 | $92.4M | −$3.9M | −4.08% |
| Q2 2025 | 2025-06-30 | $77.9M | −$60.7M | −43.78% |
| Q1 2025 | 2025-03-31 | $55.1M | −$69.5M | −55.77% |
| Q4 2024 | 2024-12-31 | $88.5M | −$21.5M | −19.54% |
| Q3 2024 | 2024-09-30 | $96.4M | $49.1M | +103.82% |
| Q2 2024 | 2024-06-30 | $138.6M | $92.0M | +197.70% |
| Q1 2024 | 2024-03-31 | $124.6M | $32.6M | +35.39% |
| Q4 2023 | 2023-12-31 | $109.9M | −$25.0M | −18.52% |
| Q3 2023 | 2023-09-30 | $47.3M | −$86.1M | −64.55% |
| Q2 2023 | 2023-06-30 | $46.6M | −$101.7M | −68.60% |
| Q1 2023 | 2023-03-31 | $92.0M | −$45.3M | −32.98% |
| Q4 2022 | 2022-12-31 | $134.9M | $16.8M | +14.23% |
| Q3 2022 | 2022-09-30 | $133.4M | $2.6M | +2.00% |
| Q2 2022 | 2022-06-30 | $148.3M | $20.6M | +16.09% |
| Q1 2022 | 2022-03-31 | $137.3M | $58.5M | +74.13% |
| Q4 2021 | 2021-12-31 | $118.1M | $43.8M | +59.02% |
| Q3 2021 | 2021-09-30 | $130.8M | $52.9M | +67.87% |
| Q2 2021 | 2021-06-30 | $127.7M | $27.3M | +27.18% |
| Q1 2021 | 2021-03-31 | $78.9M | −$19.0M | −19.42% |
| Q4 2020 | 2020-12-31 | $74.3M | −$24.9M | −25.09% |
| Q3 2020 | 2020-09-30 | $77.9M | $2.0M | +2.60% |
| Q2 2020 | 2020-06-30 | $100.4M | $44.0M | +77.97% |
| Q1 2020 | 2020-03-31 | $97.9M | $12.4M | +14.56% |
| Q4 2019 | 2019-12-31 | $99.2M | −$27.2M | −21.53% |
| Q3 2019 | 2019-09-30 | $75.9M | −$49.6M | −39.52% |
| Q2 2019 | 2019-06-30 | $56.4M | −$67.4M | −54.41% |
| Q1 2019 | 2019-03-31 | $85.4M | −$18.3M | −17.66% |
| Q4 2018 | 2018-12-31 | $126.4M | $24.9M | +24.50% |
| Q3 2018 | 2018-09-30 | $125.5M | $25.9M | +26.00% |
| Q2 2018 | 2018-06-30 | $123.8M | $30.3M | +32.40% |
| Q1 2018 | 2018-03-31 | $103.7M | $23.0M | +28.53% |
| Q4 2017 | 2017-12-31 | $101.5M | $43.2M | +73.97% |
| Q3 2017 | 2017-09-30 | $99.6M | $46.8M | +88.59% |
| Q2 2017 | 2017-06-30 | $93.5M | $30.6M | +48.66% |
| Q1 2017 | 2017-03-31 | $80.7M | $31.5M | +64.10% |
| Q4 2016 | 2016-12-31 | $58.3M | −$6.1M | −9.42% |
| Q3 2016 | 2016-09-30 | $52.8M | −$19.8M | −27.30% |
| Q2 2016 | 2016-06-30 | $62.9M | −$13.7M | −17.93% |
| Q1 2016 | 2016-03-31 | $49.2M | −$33.5M | −40.54% |
| Q4 2015 | 2015-12-31 | $64.4M | −$39.6M | −38.08% |
| Q3 2015 | 2015-09-30 | $72.7M | −$20.9M | −22.37% |
| Q2 2015 | 2015-06-30 | $76.6M | −$16.9M | −18.03% |
| Q1 2015 | 2015-03-31 | $82.7M | −$18.4M | −18.19% |
| Q4 2014 | 2014-12-31 | $104.0M | −$81.7M | −44.00% |
| Q3 2014 | 2014-09-30 | $93.6M | −$70.4M | −42.91% |
| Q2 2014 | 2014-06-30 | $93.5M | −$54.3M | −36.73% |
| Q1 2014 | 2014-03-31 | $101.1M | −$30.8M | −23.35% |
| Q4 2013 | 2013-12-31 | $185.7M | $15.3M | +8.96% |
| Q3 2013 | 2013-09-30 | $164.0M | $12.3M | +8.08% |
| Q2 2013 | 2013-06-30 | $147.8M | $18.1M | +13.99% |
| Q1 2013 | 2013-03-31 | $131.9M | $16.7M | +14.52% |
| Q4 2012 | 2012-12-31 | $170.5M | $64.7M | +61.15% |
| Q3 2012 | 2012-09-30 | $151.7M | $16.0M | +11.82% |
| Q2 2012 | 2012-06-30 | $129.6M | −$12.5M | −8.77% |
| Q1 2012 | 2012-03-31 | $115.2M | −$14.1M | −10.91% |
| Q4 2011 | 2011-12-31 | $105.8M | −$12.6M | −10.62% |
| Q3 2011 | 2011-09-30 | $135.7M | $33.9M | +33.33% |
| Q2 2011 | 2011-06-30 | $142.1M | $52.1M | +57.91% |
| Q1 2011 | 2011-03-31 | $129.3M | — | — |
| Q4 2010 | 2010-12-31 | $118.4M | $40.9M | +52.83% |
| Q3 2010 | 2010-09-30 | $101.8M | — | — |
| Q2 2010 | 2010-06-30 | $90.0M | — | — |
| Q4 2009 | 2009-12-31 | $77.4M | — | — |
Forward Air working capital trends
Over the last five fiscal years, Forward Air's working capital increased from $74.3M to $92.7M, a change of $18.4M. The latest reported quarter, Q2 2026, shows $141.5M.
About the metric
What working capital means
Working capital is the difference between current assets and current liabilities. It provides a snapshot of short-term operating liquidity, although negative working capital can be normal for some business models and the measure is often not meaningful for banks.
Calculation and source
How working capital is calculated
TickerStat calculates working capital as reported current assets minus reported current liabilities at the same balance-sheet date. Missing current classifications are not assumed to be zero. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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