Forward Air FWRD Debt-to-equity
Debt-to-equity at other companies
Other financials
Where this comes from
Calculated from Forward Air’s reported figures.
Based on the most recent quarter.
The official record: Forward Air’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Forward Air's debt-to-equity?
- Forward Air (FWRD) reported debt-to-equity of 26.5× in Q1 2026.
- How has Forward Air's debt-to-equity changed year-over-year?
- Forward Air's debt-to-equity increased by 90.7% year-over-year, from 13.9× to 26.5×.
- What is the long-term trend for Forward Air's debt-to-equity?
- Over 5 years (2020 to 2025), Forward Air's debt-to-equity has grown at a 112.0% compound annual growth rate (CAGR), from 0.4× to 19.2×.
- What does debt-to-equity mean?
- Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.