Forward Air Corporation's ability to collect accounts receivable sequentially worsen to 7.24, pointing to a challenging and on top of that deteriorating business climate for the Marine Transportation industry. Average collection period, for Forward Air's accounts receivable remained unchanged at 50 days, in the Mar 31 2026 quarter.

If we take a look into Transportation sector 39 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2026 from 977 to 1752.

What is Receivable Turnover Ratio?
What is Forward Air Corporation Selling?

What is Receivable Turnover Ratio?

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FWRD Receivables Turnover Ratio	(Mar 31 2026) I. Quarter	(Dec 31 2025) IV. Quarter	(Sep 30 2025) III. Quarter	(Jun 30 2025) II. Quarter	(Mar 31 2025) I. Quarter
Y / Y Receivable Change	-0.78 %	8.44 %	-5.87 %	-9.36 %	-4.8 %
Y / Y Revenue Change	-5.09 %	-0.26 %	-3.69 %	-3.86 %	13.19 %
Receivable Turnover Ratio (TTM)	7.24	7.32	7.48	7.43	7.32
FWRD's Total Ranking	# 1752	# 977	# 1633	# 1572	# 1643
Accounts Receivable average collection period days	50	50	49	49	50
Seq. Receivable Change	-4.56 %	2.43 %	1.7 %	-0.2 %	4.31 %
Seq. Revenue Change	-7.79 %	-0.08 %	2.09 %	0.91 %	-3.09 %

Receivable Turnover Company Ranking
Within:	No.
Marine Transportation Industry	# 3
Transportation Sector	# 40
Overall Market	# 1752

Receivable Turnover Ratio Statistics
High	Average	Low
9.45	8.19	6.33
(Mar 31 2020)		(Sep 30 2024)

FWRD Company Profile • Back to FWRD Efficiency Comparisons • Compare FWRD Receivables Turnover Ratio to its Competitors

Financial Statements
Forward Air's Accounts Receivable	$ 334 Millions	Visit FWRD's Balance sheet
Forward Air's Sales TTM	$ 2,464 Millions	Visit FWRD's Income Statement
Sources of FWRD's Revenues		Visit FWRD's Sales by Geography

Other Accounts Receivable Turnover Ratios
Marine Transportation Industry Accounts Receivable Turnover Trends and Statistics
Transportation Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
FWRD's Receivable Turnover Ratio versus Marine Transportation Industry, Transportation Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

You may also want to know
FWRD's Growth Rates	FWRD's Roa	FWRD's Inventory Turnover Ratio	FWRD's Dividend Comparisons
FWRD's Profitability Ratios	FWRD's Roi	FWRD's Asset Turnover Ratio	FWRD's Dividend Growth
FWRD's Valuation Ratios	FWRD's Roe	FWRD's Financial Strength Ratios	FWRD's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2026, within Transportation Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2026	Receivable at quarter ending Mar 31 2026
Freightcar America Inc	19.25	$ 469.009 Millions	$ 24.368 Millions
Delta Air Lines Inc	18.22	$ 65,178.000 Millions	$ 3,576.750 Millions
Union Pacific Corp	12.86	$ 24,700.000 Millions	$ 1,920.500 Millions
Pangaea Logistics Solutions Ltd	12.81	$ 678.943 Millions	$ 53.006 Millions
Air T Inc	11.99	$ 327.090 Millions	$ 27.286 Millions
Massimo Group	11.82	$ 68.146 Millions	$ 5.767 Millions
Knight swift Transportation Holdings Inc	11.39	$ 7,495.550 Millions	$ 658.279 Millions
Norfolk Southern Corp	11.24	$ 12,185.000 Millions	$ 1,084.000 Millions
Toppoint Holdings Inc	10.60	$ 16.844 Millions	$ 1.590 Millions
Csx Corporation	10.36	$ 14,151.000 Millions	$ 1,366.000 Millions
Old Dominion Freight Line Inc	9.98	$ 5,456.227 Millions	$ 546.726 Millions
J b Hunt Transport Services Inc	9.51	$ 12,134.195 Millions	$ 1,275.281 Millions
Heartland Express Inc	9.48	$ 762.545 Millions	$ 80.424 Millions
Arcbest Corporation	9.46	$ 4,041.867 Millions	$ 427.463 Millions
Marten Transport Ltd	8.66	$ 864.026 Millions	$ 99.737 Millions
United Parcel Service Inc	8.50	$ 88,317.000 Millions	$ 10,388.500 Millions
Saia Inc	8.48	$ 3,252.937 Millions	$ 383.537 Millions
Schneider National Inc	8.32	$ 5,671.000 Millions	$ 681.725 Millions
Fedex Corporation	7.98	$ 91,933.000 Millions	$ 11,514.750 Millions
Covenant Logistics Group Inc	7.46	$ 1,202.278 Millions	$ 161.175 Millions
Ftai Infrastructure Inc	7.33	$ 594.723 Millions	$ 81.143 Millions
Westinghouse Air Brake Technologies Corporation	7.31	$ 11,507.000 Millions	$ 1,574.250 Millions
Forward Air Corporation	7.24	$ 2,463.883 Millions	$ 340.153 Millions
Canadian Pacific Kansas City Ltd	7.18	$ 11,477.744 Millions	$ 1,598.642 Millions
Pamt Corp	7.11	$ 584.594 Millions	$ 82.256 Millions
Werner Enterprises Inc	6.75	$ 3,070.892 Millions	$ 454.878 Millions
Brink s Co	6.71	$ 5,389.600 Millions	$ 802.950 Millions
Bristow Group Inc	6.51	$ 1,528.687 Millions	$ 234.724 Millions
C h Robinson Worldwide Inc	6.49	$ 16,198.957 Millions	$ 2,495.947 Millions
Landstar System Inc	6.41	$ 4,775.610 Millions	$ 745.447 Millions

Date modified: 2026-08-29T17:17:34+00:00

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