Forward Air Corporation Retained Earnings 2011-2026 | FWRD

Retained earnings — this is the portion of a company’s net profit that has not been distributed to shareholders as dividends but remains at the company’s disposal for future use. It is also referred to as retained income or accumulated earnings.

Possible uses include

reinvestment in development (R&D, equipment, marketing)
debt repayment
acquisition of other companies
creation of reserves for the future

A high level of retained earnings indicates that the company is in a growth phase, accumulating capital and prioritizing reinvestment over dividend payouts. Conversely, low or negative retained earnings may suggest either a generous dividend policy, in which all profits are distributed to shareholders, or ongoing losses that reduce the overall financial result.

The presence of retained earnings does not indicate that the company has available cash — it is solely an accounting figure reflecting the accumulated portion of net profit remaining after dividends have been paid. Therefore, it is important for investors to analyze not only the amount of retained earnings, but also how effectively it is used to develop the business, reduce debt, or build financial stability.

Annual Retained Earnings Forward Air Corporation

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
-447 M	-338 M	480 M	436 M	335 M	304 M	350 M	343 M	338 M	319 M	349 M	333 M	328 M	287 M	244 M

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
480 M	-447 M	244 M

Quarterly Retained Earnings Forward Air Corporation

2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-419 M	-402 M	-390 M	-338 M	-302 M	-228 M	417 M	480 M	385 M	-	411 M	436 M	415 M	399 M	350 M	335 M	300 M	298 M	297 M	304 M	304 M	304 M	304 M	350 M	350 M	350 M	350 M	343 M	343 M	343 M	343 M	337 M	337 M	337 M	337 M	319 M	319 M	319 M	319 M	349 M	349 M	349 M	349 M	333 M	333 M	333 M	333 M	328 M	328 M	328 M	328 M	287 M	287 M	287 M	287 M	244 M	244 M	244 M	244 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
480 M	-419 M	262 M

Retained Earnings of other stocks in the Transport logistics industry

Issuer	Retained Earnings	Price	% 24h	Market Cap	Country
НМТП NMTP	1.8 B	-	-	-	Russia
Транспортная группа FESCO FESH	7.31 B	-	-	-	Russia
Globaltruck GTRK	1.94 B	-	-	-	Russia
НКХП NKHP	7.81 B	-	-	-	Russia
Sino-Global Shipping America, Ltd. SINO	-23.4 M	-	-6.44 %	$ 49.3 M	USA
Heartland Express HTLD	1.02 B	$ 10.19	2.62 %	$ 802 M	USA
Hub Group HUBG	2.02 B	$ 36.07	2.15 %	$ 2.19 M	USA
J.B. Hunt Transport Services JBHT	7.8 B	$ 205.14	1.16 %	$ 19.9 B	USA
Air Transport Services Group ATSG	617 M	-	0.04 %	$ 1.46 B	USA
Knight-Swift Transportation Holdings KNX	2.6 B	$ 55.01	1.55 %	$ 8.92 B	USA
Daseke DSKE	-259 M	-	-0.12 %	$ 380 M	USA
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. PAC	11.9 B	$ 240.16	2.94 %	$ 92.4 T	Mexico
BEST BEST	-17.7 B	-	-	$ 52.6 M	Cayman-islands
Echo Global Logistics, Inc. ECHO	152 M	-	-	$ 1.28 B	USA
Golden Ocean Group Limited GOGL	321 M	-	-	$ 1.6 B	Bermuda
Marten Transport, Ltd. MRTN	714 M	$ 12.86	0.94 %	$ 1.05 B	USA
Old Dominion Freight Line ODFL	4.06 B	$ 185.03	-1.42 %	$ 39 B	USA
DHT Holdings DHT	-189 M	$ 18.52	4.16 %	$ 1.71 B	Jersey
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. OMAB	8.82 B	$ 112.74	3.6 %	$ 34.3 B	Mexico
Golar LNG Limited GLNG	10.3 M	$ 54.51	3.24 %	$ 5.68 B	Bermuda
Radiant Logistics RLGT	151 M	$ 7.13	2.15 %	$ 335 M	USA
Landstar System LSTR	2.86 B	$ 156.57	4.12 %	$ 5.56 B	USA
Saia SAIA	2.28 B	$ 330.26	0.24 %	$ 8.83 B	USA
TFI International TFII	805 M	$ 104.75	0.22 %	$ 12.2 B	Canada
Expeditors International of Washington EXPD	2.54 B	$ 141.97	1.02 %	$ 19.3 B	USA
FedEx Corporation FDX	41.4 B	$ 359.96	1.17 %	$ 86.8 B	USA
SFL Corporation Ltd. SFL	960 K	$ 10.8	1.41 %	$ 1.4 B	Bermuda
Global Ship Lease GSL	-122 M	$ 39.45	3.19 %	$ 1.42 B	Britain
P.A.M. Transportation Services PTSI	282 M	-	1.0 %	$ 425 M	USA
MingZhu Logistics Holdings Limited YGMZ	5.93 M	-	-	$ 381 K	China
Schneider National SNDR	1.52 B	$ 25.27	3.4 %	$ 4.43 B	USA
C.H. Robinson Worldwide CHRW	6.07 B	$ 169.2	1.41 %	$ 20.3 B	USA
Cryoport CYRX	-689 M	$ 8.15	-	$ 408 M	USA
ZTO Express (Cayman) ZTO	39.1 B	$ 25.27	1.36 %	$ 20.3 B	China
Patriot Transportation Holding PATI	-6.52 M	-	-	$ 57.2 M	USA
ArcBest Corporation ARCB	1.48 B	$ 94.6	2.79 %	$ 2.16 B	USA
Universal Logistics Holdings ULH	512 M	$ 19.59	-1.26 %	$ 516 M	USA
Covenant Logistics Group CVLG	278 M	$ 26.61	1.29 %	$ 700 M	USA
United Parcel Service UPS	20.2 B	$ 98.44	0.79 %	$ 83.6 B	USA
Werner Enterprises WERN	1.9 B	$ 28.87	3.0 %	$ 1.75 B	USA
Steel Connect STCN	93.5 M	-	-2.33 %	$ 75.7 M	USA
Yellow Corporation YELL	-2.45 B	-	-29.03 %	$ 56.5 M	USA
XPO Logistics XPO	888 M	$ 186.33	0.39 %	$ 22 B	USA
USA Truck USAK	103 M	-	0.03 %	$ 286 M	USA
U.S. Xpress Enterprises USX	-35.5 M	-	-	$ 332 M	USA
Air T AIRT	2.13 M	$ 22.37	1.04 %	$ 61.5 M	USA