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Forward Air FWRD Q1 2026 earnings

Reported May 7, 2026 · After market close

Revenue$582.0MMiss by $38.2M
EPS-$1.09Miss by $0.74
Revenue estimate$620.2M
EPS estimate-$0.35

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$677.4M
EPS estimate$0.12

Financials

Q1 2026

Income statement

See full
Revenue$582.0M-5.1%
Operating income$20.4M+329%
Net income-$34.3M+32.2%
EPS (diluted)-$1.09+35.1%

Balance sheet

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Cash & equivalents$141.0M+20.9%
Total debt$2.2B-0.1%
Total equity$81.0M-47.6%
Total assets$2.7B-3.9%

Cash flow

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Operating cash flow$45.7M+65.6%
CapEx$6.9M-41.7%
Free cash flow$38.8M+147%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$527.27M-13.7%
Enterprise value$2.54B-4.2%
P/S0.2×0.0×

Profitability

See full
Operating margin2.2%+1.1pp
Net margin-3.7%-1.7pp

Returns & leverage

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Return on equity-77.6%-25.2pp
Debt / equity26.5×+12.6×
Current ratio1.2×+0.1×

Segments

By product

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Ground$363.2M-9.1%
Network$188.2M-1.0%
Contract Logistics$104.2M+30.0%
Truckload$62.5M+59.3%
Air and Ocean$62.3M-12.6%

By segment

See full
Omni Logistics$302.4M-6.5%
Expedited Freight$272.7M+9.4%
Intermodal$53.1M-15.0%

FAQ

When did Forward Air report Q1 2026 earnings?
Forward Air (FWRD) reported Q1 2026 earnings on May 7, 2026 after market close.
What were Forward Air's Q1 2026 revenue and EPS?
Forward Air reported revenue of $582.0M and eps of $-1.09 for Q1 2026.
Did Forward Air beat estimates in Q1 2026?
Revenue missed the consensus estimate of $620.2M by $38.2M. EPS missed the consensus estimate of $-0.35 by $0.74.
How did Forward Air's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 5.1% from $613.3M a year earlier and eps grew 31.4% from $-1.59.
Where can I find Forward Air's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-032056) and the 10-Q periodic report (0001628280-26-033501) directly on SEC EDGAR. The filing index links above go to sec.gov.