What does contract logistics — total operating revenues mean?

This metric represents the total gross revenue generated from dedicated contract logistics services, which typically involve long-term agreements for warehousing, distribution, and supply chain management solutions. It reflects the company's ability to secure recurring, high-value service contracts that provide stability to the overall revenue base. Monitoring this figure helps investors assess the scale and growth trajectory of the company's non-asset-based logistics operations relative to its core freight transportation segments.

Forward Air (FWRD) Contract Logistics — Total operating revenues

Screener

Other product segments

Ground

$408.72M—

Network

$225.97M+16.6%

Air and Ocean

$93.36M—

Truckload

$69.24M+62.4%

Intermodal

$58.63M—

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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$653.66M-24.8%

Enterprise value$2.62B-10.6%

P/S0.3×-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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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

Three Months Ended June 30, 2026	Expedited Freight	Omni Logistics	Intermodal	Corporate and Eliminations	Total
External revenues:
Ground	$275,861	$132,854	—	—	$408,715
Contract Logistics	—	112,332	—	—	112,332
Air and Ocean	—	93,361	—	—	93,361
Intermodal	—	—	58,628	—	58,628
Total external revenues	275,861	338,547	58,628	—	673,036
Intersegment revenues	43,201	—	1,096	(44,297)	—
Total consolidated revenues	319,062	338,547	59,724	(44,297)	673,036

Item 1. Financial Statements

FAQ

What is Forward Air's contract logistics — total operating revenues?: Forward Air (FWRD) reported contract logistics — total operating revenues of $112.33M in Q2 2026.
What does contract logistics — total operating revenues mean?: This metric represents the total gross revenue generated from dedicated contract logistics services, which typically involve long-term agreements for warehousing, distribution, and supply chain management solutions. It reflects the company's ability to secure recurring, high-value service contracts that provide stability to the overall revenue base. Monitoring this figure helps investors assess the scale and growth trajectory of the company's non-asset-based logistics operations relative to its core freight transportation segments.