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Forward Air FWRD Aircraft fuel

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Segments

By segment

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Expedited Freight$3.67M+45.7%
Intermodal$2.54M+36.8%
Omni Logistics$457K-48.5%

Other financials

Income statement

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Revenue$673.0M+8.8%
Operating income-$201.3M-1,131%
Net income-$207.3M-1,547%
EPS (diluted)-$6.38-1,456%

Balance sheet

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Cash & equivalents$139.4M+46.3%
Total debt$2.1B-2.4%
Total equity-$115.4M-176%
Total assets$2.4B-12.7%

Cash flow

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Operating cash flow$45.7M+65.6%
CapEx$3.2M-32.3%
Free cash flow$38.8M+147%

Valuation

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Market cap$653.66M-27.1%
Enterprise value$2.62B-11.3%
P/S0.3×-0.1×

Profitability

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Gross margin48.7%
Operating margin-6.6%-8.5pp
Net margin-11.4%+21.6pp
FCF margin0.6%+0.3pp

Returns & leverage

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Return on equity-77.6%-25.2pp
Debt / equity26.5×+12.6×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by Forward Air in its filing.

Tagged under the XBRL concept us-gaap:FuelCosts.

The source filing: Forward Air’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053329
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Operating leases50,25249,50599,96598,298
Depreciation and amortization38,26236,80676,78374,166
Insurance and claims13,67815,53627,17630,542
Fuel expense6,6445,27811,57110,927
Other operating expenses55,57443,407111,16798,940
Impairment of goodwill244,006244,006
Total operating expenses874,348599,3221,435,9531,207,840
Operating (loss) income(201,312)19,522(180,871)24,285

Item 1. Financial Statements

FAQ

What is Forward Air's aircraft fuel?
Forward Air (FWRD) reported aircraft fuel of $6.64M in Q2 2026.
How has Forward Air's aircraft fuel changed year-over-year?
Forward Air's aircraft fuel increased by 25.9% year-over-year, from $5.28M to $6.64M.
What is the long-term trend for Forward Air's aircraft fuel?
Over 4 years (2021 to 2025), Forward Air's aircraft fuel has grown at a 5.1% compound annual growth rate (CAGR), from $16.48M to $20.12M.
What does aircraft fuel mean?
This metric captures the total expenditure on aviation fuel and associated fuel taxes required for air-based logistics operations. It is a critical variable cost that fluctuates based on global energy prices and the volume of air freight transported. Monitoring this helps assess the company's exposure to fuel price volatility and its ability to pass these costs to customers.

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