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Forward Air FWRD Expedited Freight Segment — Operating Lease, Cost

Other segment segments

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$5.78M+0.1%

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Other financials

Income statement

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Revenue$582.0M-5.1%
Operating income$20.4M+329%
Net income-$34.3M+32.2%
EPS (diluted)-$1.09+35.1%

Balance sheet

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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

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Operating cash flow$45.7M+65.6%
CapEx$6.9M-41.7%
Free cash flow$38.8M+147%

Valuation

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Market cap$451.92M-33.0%
Enterprise value$2.46B-9.2%
P/S0.2×-0.1×

Profitability

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Gross margin48.7%—
Operating margin2.2%+1.1pp
Net margin-3.7%-1.7pp
FCF margin0.6%+0.3pp

Returns & leverage

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Return on equity-77.6%-25.2pp
Debt / equity26.5×+12.6×
Current ratio1.2×+0.1×

Where this comes from

Reported directly by Forward Air in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseCost.

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 expedited freight segment — operating lease, cost?
Forward Air (FWRD) reported expedited freight segment — operating lease, cost of $15.53M in Q1 2026.
How has Forward Air's expedited freight segment — operating lease, cost changed year-over-year?
Forward Air's expedited freight segment — operating lease, cost increased by 0.6% year-over-year, from $15.43M to $15.53M.
What is the long-term trend for Forward Air's expedited freight segment — operating lease, cost?
Over 3 years (2022 to 2025), Forward Air's expedited freight segment — operating lease, cost has grown at a 6.5% compound annual growth rate (CAGR), from $53.34M to $64.35M.
What does expedited freight segment — operating lease, cost mean?
This reflects the expenses associated with leasing equipment, facilities, or vehicles necessary for the expedited freight segment's operations. It highlights the company's commitment to operational flexibility through leased assets versus capital ownership.