Skip to content
Screener

Forward Air FWRD Liabilities under tax receivable agreement

Liabilities under tax receivable agreement at other companies

Goosehead Insurance, Inc. logo
Goosehead Insurance, Inc.GSHD
$6.24M-10.8%
Shake Shack logo
Shake ShackSHAK
$101K-50.5%
Shake Shack logo
Shake ShackSHAK
$101K-50.5%
Portillo's Inc. logo
Portillo's Inc.PTLO
$47K
Portillo's Inc. logo
Portillo's Inc.PTLO
$47K
Cardinal Infrastructure Group, Inc. logo
Cardinal Infrastructure Group, Inc.CDNL
$9.86M

Other financials

Income statement

See full
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

See full
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

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

Valuation

See full
Market cap$601.3M-33.9%
Enterprise value$2.57B-13.6%
P/S0.2×-0.1×

Profitability

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

Returns & leverage

See full
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 fwrd:LiabilitiesUnderTaxReceivableAgreementNoncurrent.

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 itemJune 30, 2026December 31, 2025
Current portion of operating lease liabilities107,497107,026
Total current liabilities441,571428,325
Long-term debt1,693,3401,687,248
Liabilities under Tax Receivable Agreement26,79411,548
Finance lease obligations, less current portion16,80422,387
Operating lease liabilities, less current portion277,379327,011
Deferred income taxes24,35827,221
Other long-term liabilities53,26553,540

Item 1. Financial Statements

FAQ

What is Forward Air's liabilities under tax receivable agreement?
Forward Air (FWRD) reported liabilities under tax receivable agreement of $26.79M in Q2 2026.
How has Forward Air's liabilities under tax receivable agreement changed year-over-year?
Forward Air's liabilities under tax receivable agreement increased by 32.9% year-over-year, from $20.16M to $26.79M.
What does liabilities under tax receivable agreement mean?
Liabilities under tax receivable agreement as reported by Forward Air Corp.

Ask your AI about Forward Air's liabilities under tax receivable agreement.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude