Forward Air Debt to Equity Ratio 2012-2026 | FWRD
Current and historical debt to equity ratio values for Forward Air (FWRD) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Forward Air debt/equity for the three months ending March 31, 2026 was 10.58.
| Forward Air Debt/Equity Ratio Historical Data | |||
|---|---|---|---|
| Date | Long Term Debt | Shareholder's Equity | Debt to Equity Ratio |
| 2026-03-31 | $2.57B | $0.12B | 21.05 |
| 2025-12-31 | $2.56B | $0.16B | 15.82 |
| 2025-09-30 | $2.60B | $0.20B | 13.27 |
| 2025-06-30 | $2.55B | $0.22B | 11.77 |
| 2025-03-31 | $2.58B | $0.23B | 11.35 |
| 2024-12-31 | $2.52B | $0.29B | 8.80 |
| 2024-09-30 | $2.72B | $0.34B | 8.08 |
| 2024-06-30 | $2.70B | $0.36B | 7.42 |
| 2024-03-31 | $2.63B | $1.33B | 1.97 |
| 2023-12-31 | $2.22B | $0.76B | 2.90 |
| 2023-09-30 | $0.53B | $0.67B | 0.79 |
| 2023-06-30 | $0.51B | $0.67B | 0.76 |
| 2023-03-31 | $0.54B | $0.69B | 0.79 |
| 2022-12-31 | $0.50B | $0.71B | 0.71 |
| 2022-09-30 | $0.50B | $0.68B | 0.74 |
| 2022-06-30 | $0.53B | $0.66B | 0.80 |
| 2022-03-31 | $0.56B | $0.61B | 0.91 |
| 2021-12-31 | $0.52B | $0.59B | 0.88 |
| 2021-09-30 | $0.52B | $0.56B | 0.93 |
| 2021-06-30 | $0.53B | $0.55B | 0.97 |
| 2021-03-31 | $0.47B | $0.55B | 0.87 |
| 2020-12-31 | $0.50B | $0.55B | 0.91 |
| 2020-09-30 | $0.50B | $0.55B | 0.90 |
| 2020-06-30 | $0.51B | $0.57B | 0.89 |
| 2020-03-31 | $0.50B | $0.57B | 0.88 |
| 2019-12-31 | $0.41B | $0.58B | 0.72 |
| 2019-09-30 | $0.42B | $0.56B | 0.75 |
| 2019-06-30 | $0.39B | $0.55B | 0.70 |
| 2019-03-31 | $0.33B | $0.55B | 0.60 |
| 2018-12-31 | $0.21B | $0.55B | 0.37 |
| 2018-09-30 | $0.20B | $0.55B | 0.36 |
| 2018-06-30 | $0.17B | $0.54B | 0.31 |
| 2018-03-31 | $0.16B | $0.53B | 0.31 |
| 2017-12-31 | $0.16B | $0.53B | 0.30 |
| 2017-09-30 | $0.16B | $0.51B | 0.32 |
| 2017-06-30 | $0.14B | $0.52B | 0.27 |
| 2017-03-31 | $0.14B | $0.50B | 0.27 |
| 2016-12-31 | $0.14B | $0.50B | 0.29 |
| 2016-09-30 | $0.15B | $0.50B | 0.29 |
| 2016-06-30 | $0.16B | $0.49B | 0.32 |
| 2016-03-31 | $0.18B | $0.51B | 0.35 |
| 2015-12-31 | $0.19B | $0.51B | 0.37 |
| 2015-09-30 | $0.21B | $0.49B | 0.42 |
| 2015-06-30 | $0.22B | $0.49B | 0.45 |
| 2015-03-31 | $0.24B | $0.48B | 0.50 |
| 2014-12-31 | $0.08B | $0.46B | 0.16 |
| 2014-09-30 | $0.08B | $0.45B | 0.19 |
| 2014-06-30 | $0.08B | $0.45B | 0.18 |
| 2014-03-31 | $0.08B | $0.45B | 0.18 |
| 2013-12-31 | $0.07B | $0.44B | 0.16 |
| 2013-09-30 | $0.07B | $0.42B | 0.17 |
| 2013-06-30 | $0.06B | $0.40B | 0.16 |
| 2013-03-31 | $0.07B | $0.38B | 0.17 |
| 2012-12-31 | $0.05B | $0.35B | 0.14 |
| 2012-09-30 | $0.05B | $0.34B | 0.15 |
| 2012-06-30 | $0.05B | $0.32B | 0.16 |
| 2012-03-31 | $0.06B | $0.31B | 0.20 |
| 2011-12-31 | $0.05B | $0.29B | 0.19 |
| 2011-09-30 | $0.10B | $0.27B | 0.38 |
| 2011-06-30 | $0.10B | $0.28B | 0.36 |
| 2011-03-31 | $0.10B | $0.27B | 0.37 |
| 2010-12-31 | $0.09B | $0.26B | 0.36 |
| 2010-09-30 | $0.10B | $0.24B | 0.40 |
| 2010-06-30 | $0.10B | $0.24B | 0.40 |
| 2010-03-31 | $0.09B | $0.23B | 0.41 |
| 2009-12-31 | $0.09B | $0.23B | 0.41 |
| 2009-09-30 | $0.09B | $0.22B | 0.40 |
| 2009-06-30 | $0.09B | $0.22B | 0.42 |
| 2009-03-31 | $0.09B | $0.21B | 0.41 |
| 2008-12-31 | $0.09B | $0.22B | 0.42 |
| 2008-09-30 | $0.10B | $0.21B | 0.46 |
| 2008-06-30 | $0.08B | $0.20B | 0.40 |
| 2008-03-31 | $0.08B | $0.18B | 0.45 |
| 2007-12-31 | $0.07B | $0.17B | 0.41 |
| 2007-09-30 | $0.03B | $0.18B | 0.18 |
| 2007-06-30 | $0.03B | $0.17B | 0.16 |
| 2007-03-31 | $0.03B | $0.19B | 0.15 |
| 2006-12-31 | $0.03B | $0.19B | 0.15 |
| 2006-09-30 | $0.03B | $0.18B | 0.17 |
| 2006-06-30 | $0.03B | $0.20B | 0.13 |
| 2006-03-31 | $0.03B | $0.19B | 0.15 |
| 2005-12-31 | $0.03B | $0.18B | 0.19 |
| 2005-09-30 | $0.04B | $0.17B | 0.21 |
| 2005-06-30 | $0.03B | $0.17B | 0.19 |
| 2005-03-31 | $0.03B | $0.19B | 0.14 |
| 2004-12-31 | $0.03B | $0.18B | 0.19 |
| 2004-09-30 | $0.03B | $0.17B | 0.19 |
| 2004-06-30 | $0.03B | $0.16B | 0.18 |
| 2004-03-31 | $0.03B | $0.16B | 0.19 |
| 2003-12-31 | $0.03B | $0.15B | 0.19 |
| 2003-09-30 | $0.03B | $0.14B | 0.20 |
| 2003-06-30 | $0.03B | $0.13B | 0.21 |
| 2003-03-31 | $0.03B | $0.12B | 0.22 |
| 2002-12-31 | $0.03B | $0.12B | 0.23 |
| 2002-09-30 | $0.03B | $0.12B | 0.28 |
| 2002-06-30 | $0.03B | $0.12B | 0.23 |
| 2002-03-31 | $0.03B | $0.11B | 0.26 |
| 2001-12-31 | $0.03B | $0.11B | 0.29 |
| 2001-09-30 | $0.03B | $0.10B | 0.29 |
| 2001-06-30 | $0.03B | $0.10B | 0.28 |
| 2001-03-31 | $0.03B | $0.09B | 0.33 |
| 2000-12-31 | $0.03B | $0.08B | 0.39 |
| 2000-09-30 | $0.03B | $0.08B | 0.37 |
| 2000-06-30 | $0.02B | $0.07B | 0.35 |
| 2000-03-31 | $0.02B | $0.06B | 0.41 |
| 1999-12-31 | $0.03B | $0.06B | 0.45 |
| 1999-09-30 | $0.02B | $0.05B | 0.43 |
| 1999-06-30 | $0.02B | $0.05B | 0.46 |
| 1999-03-31 | $0.04B | $0.02B | 1.60 |
| 1998-12-31 | $0.04B | $0.02B | 1.98 |
| 1998-09-30 | $0.04B | $0.02B | 2.46 |
| 1998-06-30 | $0.08B | $0.06B | 1.48 |
| 1998-03-31 | $0.07B | $0.05B | 1.31 |
| 1997-12-31 | $0.09B | $0.05B | 1.72 |
| 1997-09-30 | $0.03B | $0.05B | 0.60 |
| 1997-06-30 | $0.03B | $0.04B | 0.59 |
| 1997-03-31 | $0.04B | $0.03B | 1.50 |
| 1996-12-31 | $0.02B | $0.04B | 0.54 |
| 1996-09-30 | $0.02B | $0.04B | 0.49 |
| 1996-06-30 | $0.06B | $0.04B | 1.53 |
| 1996-03-31 | $0.06B | $0.04B | 1.58 |
| 1995-12-31 | $0.00B | 0.00 | |
| 1995-09-30 | $0.00B | 0.00 | |
| 1995-06-30 | $0.05B | $0.03B | 1.52 |
| 1995-03-31 | $0.05B | $0.03B | 1.43 |
| 1994-12-31 | $0.05B | $0.03B | 1.46 |
| 1994-09-30 | $0.04B | $0.03B | 1.18 |
| 1994-06-30 | $0.03B | $0.03B | 1.00 |
| 1994-03-31 | $0.02B | $0.03B | 0.85 |
| 1993-12-31 | $0.02B | $0.03B | 0.80 |
| 1993-09-30 | $0.00B | 0.00 | |
| 1993-06-30 | $0.00B | 0.00 | |
| 1993-03-31 | $0.00B | 0.00 | |
| 1992-12-31 | $0.02B | $0.00B | 4.48 |
| 1992-03-31 | $0.02B | $0.00B | 4.48 |
| 1991-12-31 | $0.01B | $0.00B | 6.54 |
| 1991-03-31 | $0.01B | $0.00B | 6.54 |
| 1990-12-31 | $0.01B | $0.00B | 6.54 |
| 1990-03-31 | $0.00B | 0.00 | |
| 1989-12-31 | $0.00B | 0.00 | |
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Transportation | Transportation - Truck | $0.604B | $2.495B |
| Forward Air Corporation is a leading provider of ground transportation and related logistics services to the North American air freight and expedited LTL market. Forward Air provides services within four business segments: Expedited LTL (provides expedited regional, inter-regional and national LTL services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals); Truckload Brokerage (provides expedited truckload brokerage, dedicated fleet services, as well as high-security and temperature-controlled logistics services); Intermodal (provides first-and last-mile high-value drayage services both to and from seaports and railheads, dedicated contract and Container Freight Station warehouse and handling services); and Pool Distribution (provides high-frequency handling and distribution of time sensitive product to numerous destinations within a specific geographic region). | |||
| Stock Name | Country | Market Cap | PE Ratio |
|---|---|---|---|
| Old Dominion Freight Line (ODFL) | United States | $43.425B | 43.14 |
| XPO (XPO) | United States | $24.977B | 57.03 |
| J.B Hunt Transport Services (JBHT) | United States | $21.479B | 36.98 |
| Saia (SAIA) | United States | $10.717B | 44.11 |
| Knight-Swift Transportation Holdings (KNX) | United States | $10.038B | 49.05 |
| Landstar System (LSTR) | United States | $5.739B | 37.46 |
| ArcBest (ARCB) | United States | $2.419B | 29.40 |
| Werner Enterprises (WERN) | United States | $1.940B | 3236.00 |
| Marten Transport (MRTN) | United States | $1.143B | 63.68 |
| Heartland Express (HTLD) | United States | $0.853B | 0.00 |
| Covenant Logistics (CVLG) | United States | $0.713B | 18.71 |
| PAMT (PAMT) | United States | $0.195B | 0.00 |
| Roadrunner Transportation Systems (RRTS) | United States | $0.119B | 0.00 |