What is Forward Air's D&A?

Forward Air (FWRD) reported D&A of $38.52M in Q1 2026.

How has Forward Air's D&A changed year-over-year?

Forward Air's D&A increased by 3.1% year-over-year, from $37.36M to $38.52M.

What is the long-term trend for Forward Air's D&A?

Over 4 years (2021 to 2025), Forward Air's D&A has grown at a 44.5% compound annual growth rate (CAGR), from $34.97M to $152.64M.

Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.

Forward Air FWRD D&A

D&A at other companies

FedExFDX

$1.1B+3.8%

United Parcel Service, Inc.UPS

$985M+8.0%

XPO

XPOXPO

$131M+6.5%

RXORXO

$26M-18.8%

Radiant LogisticsRLGT

$1.78M-7.3%

Expeditors International of WashingtonEXPD

$13.88M-5.0%

Other financials

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

See full

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

See full

Operating cash flow$45.7M+65.6%

CapEx$6.9M-41.7%

Free cash flow$38.8M+147%

Valuation

See full

Market cap$451.92M-33.0%

Enterprise value$2.46B-9.2%

P/S0.2×-0.1×

Profitability

See full

Gross margin48.7%—

Operating margin2.2%+1.1pp

Net margin-3.7%-1.7pp

FCF margin0.6%+0.3pp

Returns & leverage

See full

Return on equity-77.6%-25.2pp

Debt / equity26.5×+12.6×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by Forward Air in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The official record: Forward Air’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

Ask your AI about Forward Air's d&a.

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

Connect your AI

Claude

Questions, answered.

What is Forward Air's D&A?: Forward Air (FWRD) reported D&A of $38.52M in Q1 2026.
How has Forward Air's D&A changed year-over-year?: Forward Air's D&A increased by 3.1% year-over-year, from $37.36M to $38.52M.
What is the long-term trend for Forward Air's D&A?: Over 4 years (2021 to 2025), Forward Air's D&A has grown at a 44.5% compound annual growth rate (CAGR), from $34.97M to $152.64M.
What does D&A mean?: Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.