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Forward Air FWRD Finance Lease Liabilities

Finance Lease Liabilities at other companies

FedExFDX

$1.18B+110%

RXORXO

$1M-50.0%

Radiant LogisticsRLGT

$783K-24.4%

Covenant Logistics GroupCVLG

$2.1M-30.0%

Pangaea Logistics SolutionsPANL

$8.15M-16.2%

GXO LogisticsGXO

$314M+18.5%

Other financials

Income statement

Revenue$582.0M-5.1%

Operating income$20.4M+329%

Net income-$34.3M+32.2%

EPS (diluted)-$1.09+35.1%

Balance sheet

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

Operating cash flow$45.7M+65.6%

CapEx$6.9M-41.7%

Free cash flow$38.8M+147%

Valuation

Market cap$451.92M-33.0%

Enterprise value$2.46B-9.2%

P/S0.2×-0.1×

Profitability

Gross margin48.7%—

Operating margin2.2%+1.1pp

Net margin-3.7%-1.7pp

FCF margin0.6%+0.3pp

Returns & leverage

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:FinanceLeaseLiabilityNoncurrent.

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

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Questions, answered.

What is Forward Air's finance lease liabilities?: Forward Air (FWRD) reported finance lease liabilities of $18.85M in Q1 2026.
How has Forward Air's finance lease liabilities changed year-over-year?: Forward Air's finance lease liabilities decreased by 45.1% year-over-year, from $34.33M to $18.85M.
What is the long-term trend for Forward Air's finance lease liabilities?: Over 5 years (2020 to 2025), Forward Air's finance lease liabilities has grown at a 34.9% compound annual growth rate (CAGR), from $5.01M to $22.39M.
What does finance lease liabilities mean?: Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.