Forward Air (FWRD) Quick Ratio: History & Chart

Forward Air Corporation(FWRD)

Integrated Freight & Logistics · Dallas, TN

$15.14+0.07 (+0.49%)

Delayed quote: Oct 6, 2026, 3:35 PM EDT

About Forward Air Corporation

Forward Air Corporation, including its various subsidiaries, functions as a streamlined transportation and logistics enterprise throughout the United States and Canada, operating with an asset-light model. The company's business is structured into two principal divisions: Expedited Freight and Intermodal. The Expedited Freight segment delivers time-sensitive regional, inter-regional, and national less-than-truckload (LTL) services, complemented by local collection and delivery capabilities. This comprehensive segment also extends to final-mile services, full truckload transport, cargo consolidation and deconsolidation, storage solutions, customs brokerage, and general freight handling. Furthermore, it encompasses expedited truckload brokerage, dedicated fleet operations, and specialized logistics for high-security or temperature-sensitive goods. The Intermodal segment primarily focuses on drayage services for intermodal containers. It also provides contract warehousing as well as container freight station (CFS) warehousing and related handling services. Forward Air caters to a diverse customer base, which includes freight forwarders, third-party logistics (3PL) providers, integrated air cargo companies, both passenger and cargo airlines, ocean carriers, and retailers. Founded in 1981, Forward Air Corporation is based in Greeneville, Tennessee.

Dallas, TN

6,062 employees

www.forwardair.com

Industrials / Integrated Freight & Logistics

Sector: Industrials
Industry: Integrated Freight & Logistics
CEO: Shawn Stewart

View full financials

FWRD Quick Ratio (Acid-Test) Metrics

QUICK RATIO (ACID-TEST)

1.32

QUICK RATIO (ACID-TEST) AVG TTM

1.23

QUICK RATIO (ACID-TEST) AVG 3Y

1.24

QUICK RATIO (ACID-TEST) AVG 5Y

1.44

QUICK RATIO (ACID-TEST) AVG 10Y

1.52

QUICK RATIO (ACID-TEST) AVG 15Y

1.92

QUICK RATIO (ACID-TEST) AVG 20Y

2.86

CURRENT VS TTM AVG

+7.16%

CURRENT VS 3Y AVG

+6.62%

CURRENT VS 5Y AVG

-8.58%

CURRENT VS 10Y AVG

-13.34%

CURRENT VS 15Y AVG

-31.15%

CURRENT VS 20Y AVG

-53.78%

SECTOR MEDIAN · INDUSTRIALS

1.37

median of 479 covered companies

CURRENT VS SECTOR MEDIAN

-3.61%

vs the sector median at left

NAME	MARKET CAP	QUICK RATIO (ACID-TEST)	TTM	3Y	5Y
Forward Air Corporation (FWRD)	$478.93M	1.32	1.23	1.24	1.44
Columbus McKinnon Corporation (CMCO)vs ›	$489.29M	1.00	1.01	1.15	1.26
Concrete Pumping Holdings, Inc. (BBCP)vs ›	$497.89M	1.60	1.96	1.41	1.31
Accelevation Holdings Corp. (ACCV)vs ›	$495.15M	N/A	N/A	N/A	N/A
Roma Green Finance Limited Ordinary Shares (ROMA)vs ›	$505.70M	22.19	23.42	14.66	10.09
Universal Logistics Holdings, Inc. (ULH)vs ›	$449.74M	1.20	1.26	1.37	1.32
Euroseas Ltd. (ESEA)vs ›	$509.03M	5.38	3.13	2.02	1.53
BUUU Group Ltd (BUUU)vs ›	$444.41M	1.12	1.63	1.63	1.63
Kelly Services, Inc. (KELYB)vs ›	$515.81M	1.50	1.59	1.57	1.57
TAT Technologies Ltd. (TATT)vs ›	$436.74M	2.61	1.92	1.49	1.46

NAME

MARKET CAP

QUICK RATIO (ACID-TEST)

TTM

Forward Air Corporation (FWRD)

$478.93M

1.32

1.23

1.24

1.44

Columbus McKinnon Corporation (CMCO)vs ›

$489.29M

1.00

1.01

1.15

1.26

Concrete Pumping Holdings, Inc. (BBCP)vs ›

$497.89M

1.60

1.96

1.41

1.31

Accelevation Holdings Corp. (ACCV)vs ›

$495.15M

N/A

Roma Green Finance Limited Ordinary Shares (ROMA)vs ›

$505.70M

22.19

23.42

14.66

10.09

Universal Logistics Holdings, Inc. (ULH)vs ›

$449.74M

1.20

1.26

1.37

1.32

Euroseas Ltd. (ESEA)vs ›

$509.03M

5.38

3.13

2.02

1.53

BUUU Group Ltd (BUUU)vs ›

$444.41M

1.12

1.63

Kelly Services, Inc. (KELYB)vs ›

$515.81M

1.50

1.59

1.57

TAT Technologies Ltd. (TATT)vs ›

$436.74M

2.61

1.92

1.49

1.46

Quick Ratio (Acid-Test) FAQ

What is the quick ratio (acid-test) for Forward Air Corporation (FWRD)?

The quick ratio (acid-test) for FWRD stock is 1.32.

Is Forward Air Corporation's quick ratio (acid-test) high or low?

The quick ratio (acid-test) of 1.32 is in line with its 5-year average of 1.44, near the low end of its 5-year range (1.13–1.89).

What is the TTM average quick ratio (acid-test) for Forward Air Corporation (FWRD)?

The TTM average quick ratio (acid-test) for FWRD stock is 1.23.

What is the 3Y average quick ratio (acid-test) for Forward Air Corporation (FWRD)?

The 3Y average quick ratio (acid-test) for FWRD stock is 1.24.

What is the 5Y average quick ratio (acid-test) for Forward Air Corporation (FWRD)?

The 5Y average quick ratio (acid-test) for FWRD stock is 1.44.

What is the 10Y average quick ratio (acid-test) for Forward Air Corporation (FWRD)?

The 10Y average quick ratio (acid-test) for FWRD stock is 1.52.

What is the 15Y average quick ratio (acid-test) for Forward Air Corporation (FWRD)?

The 15Y average quick ratio (acid-test) for FWRD stock is 1.92.

What is the 20Y average quick ratio (acid-test) for Forward Air Corporation (FWRD)?

The 20Y average quick ratio (acid-test) for FWRD stock is 2.86.

DATE	QUICK RATIO (ACID-TEST)
2026-06-30	1.32
2026-03-31	1.23
2025-12-31	1.22
2025-09-30	1.20
2025-06-30	1.20
2025-03-31	1.13
2024-12-31	1.23
2024-09-30	1.21
2024-06-30	1.33
2024-03-31	1.28
2023-12-31	1.46
2023-09-30	1.25
2023-06-30	1.28
2023-03-31	1.56
2022-12-31	1.80
2022-09-30	1.74
2022-06-30	1.89
2022-03-31	1.73
2021-12-31	1.72
2021-09-30	1.83
2021-06-30	1.75
2021-03-31	1.47
2020-12-31	1.43
2020-09-30	1.50
2020-06-30	1.68
2020-03-31	1.68
2019-12-31	1.71
2019-09-30	1.54
2019-06-30	1.41
2019-03-31	1.73
2018-12-31	2.66
2018-09-30	2.66
2018-06-30	2.78
2018-03-31	2.56
2017-12-31	2.68
2017-09-30	2.71
2017-06-30	2.71
2017-03-31	2.38
2016-12-31	1.73
2016-09-30	1.58
2016-06-30	1.62
2016-03-31	1.65
2015-12-31	1.58
2015-09-30	1.64
2015-06-30	1.66
2015-03-31	1.73
2014-12-31	3.43
2014-09-30	3.08
2014-06-30	3.14
2014-03-31	3.30
2013-12-31	6.34
2013-09-30	5.47
2013-06-30	6.00
2013-03-31	5.05
2012-12-31	7.07
2012-09-30	6.10
2012-06-30	4.99
2012-03-31	3.86
2011-12-31	4.09
2011-09-30	5.09
2011-06-30	5.19
2011-03-31	4.77
2010-12-31	5.26
2010-09-30	3.88
2010-06-30	3.78
2010-03-31	3.52
2009-12-31	3.57
2009-09-30	3.68
2009-06-30	3.38
2009-03-31	3.63
2009-02-24	3.48
2008-10-31	3.18
2008-06-30	2.80
2008-04-23	2.72
2008-02-19	2.64
2007-09-30	3.78
2007-06-30	4.91
2007-03-31	6.38
2006-12-31	6.64
2006-09-30	5.51
2006-06-30	8.52
2006-03-31	7.31
2005-12-31	5.24
2005-09-30	4.82
2005-06-30	5.49
2005-03-31	8.80
2004-12-31	6.20
2004-09-30	6.67
2004-06-30	6.71
2004-03-31	6.23
2003-12-31	6.05
2003-09-30	6.23
2003-06-30	5.95
2003-03-31	5.31
2002-12-31	4.73
2002-09-30	4.65

DATE

QUICK RATIO (ACID-TEST)

2026-06-30

1.32

2026-03-31

1.23

2025-12-31

1.22

2025-09-30

1.20

2025-06-30

1.20

2025-03-31

1.13

2024-12-31

1.23

2024-09-30

1.21

2024-06-30

1.33

2024-03-31

1.28

2023-12-31

1.46

2023-09-30

1.25

2023-06-30

1.28

2023-03-31

1.56

2022-12-31

1.80

2022-09-30

1.74

2022-06-30

1.89

2022-03-31

1.73

2021-12-31

1.72

2021-09-30

1.83

2021-06-30

1.75

2021-03-31

1.47

2020-12-31

1.43

2020-09-30

1.50

2020-06-30

1.68

2020-03-31

1.68

2019-12-31

1.71

2019-09-30

1.54

2019-06-30

1.41

2019-03-31

1.73

2018-12-31

2.66

2018-09-30

2.66

2018-06-30

2.78

2018-03-31

2.56

2017-12-31

2.68

2017-09-30

2.71

2017-06-30

2.71

2017-03-31

2.38

2016-12-31

1.73

2016-09-30

1.58

2016-06-30

1.62

2016-03-31

1.65

2015-12-31

1.58

2015-09-30

1.64

2015-06-30

1.66

2015-03-31

1.73

2014-12-31

3.43

2014-09-30

3.08

2014-06-30

3.14

2014-03-31

3.30

2013-12-31

6.34

2013-09-30

5.47

2013-06-30

6.00

2013-03-31

5.05

2012-12-31

7.07

2012-09-30

6.10

2012-06-30

4.99

2012-03-31

3.86

2011-12-31

4.09

2011-09-30

5.09

2011-06-30

5.19

2011-03-31

4.77

2010-12-31

5.26

2010-09-30

3.88

2010-06-30

3.78

2010-03-31

3.52

2009-12-31

3.57

2009-09-30

3.68

2009-06-30

3.38

2009-03-31

3.63

2009-02-24

3.48

2008-10-31

3.18

2008-06-30

2.80

2008-04-23

2.72

2008-02-19

2.64

2007-09-30

3.78

2007-06-30

4.91

2007-03-31

6.38

2006-12-31

6.64

2006-09-30

5.51

2006-06-30

8.52

2006-03-31

7.31

2005-12-31

5.24

2005-09-30

4.82

2005-06-30

5.49

2005-03-31

8.80

2004-12-31

6.20

2004-09-30

6.67

2004-06-30

6.71

2004-03-31

6.23

2003-12-31

6.05

2003-09-30

6.23

2003-06-30

5.95

2003-03-31

5.31

2002-12-31

4.73

2002-09-30

4.65

Quick Ratio (Acid-Test): 1.32

FWRD Quick Ratio

FWRD Average Quick Ratio (Acid-Test) Chart

FWRD Current vs Average Quick Ratio (Acid-Test) Chart

FWRD Quick Ratio (Acid-Test) Metrics

FWRD Competitors' Quick Ratio (Acid-Test)

Liquidity Comparison

Quick Ratio (Acid-Test) Formula & Definition

Quick Ratio (Acid-Test) FAQ

FWRD Quick Ratio (Acid-Test) History

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