Company / Goodwill
Forward Air Corp. Goodwill History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Goodwill
$522.7M
FY2025
5-year range
$218.6M / $522.7M
FY2021-FY2025
Trend
+0.0%
vs FY2024
Sector context
#187 of 328
Industrials
What the data says
At $523M, Forward Air Corp.'s goodwill ranks #187 of 328 in the Industrials sector. Improved from $279M to $523M over the past 2 years.
Based on SEC 10-K filings.
$523M in FY2025 with a 5-year CAGR of +16.4%.
Improved from $279M to $523M over the past 2 years.
Industrials sector context is included.
Goodwill over time
Growth rates
- 3-Year CAGR
- +25.1%
- 5-Year CAGR
- +16.4%
- 10-Year CAGR
- -
Sector benchmark
#187 of 328 in IndustrialsTop 57% of 328This company $522.7M Sector average $2.3B
▼
-77.0% below sector average
Key checks
Key Insights
- 5-year CAGR of +16.4%, indicating consistent growth.
- In FY2025, goodwill increased 0.0% year-over-year.
- Ranks #187 out of 328 companies in the Industrials sector.
- Lowest goodwill in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.86 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | GoodwillValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $522.7M | +0.0% |
| FY2024 | $522.7M | +87.5% |
| FY2023 | $278.7M | +4.5% |
| FY2022 | $266.8M | +22.1% |
| FY2021 | $218.6M | -10.8% |
| FY2020 | $245.0M | +13.6% |
| FY2019 | $215.7M | +11.4% |
| FY2018 | $193.7M | +1.1% |
| FY2017 | $191.7M | +3.8% |
| FY2016 | $184.7M | -10.2% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026