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Forward Air FWRD Expedited Freight Segment — Salaries, wages and employee benefits

Other segment segments

Omni Logistics
$53.4M-6.0%
Intermodal Segment
$13.66M-14.2%

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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:LaborAndRelatedExpense.

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 — salaries, wages and employee benefits?
Forward Air (FWRD) reported expedited freight segment — salaries, wages and employee benefits of $55.65M in Q1 2026.
How has Forward Air's expedited freight segment — salaries, wages and employee benefits changed year-over-year?
Forward Air's expedited freight segment — salaries, wages and employee benefits increased by 5.8% year-over-year, from $52.58M to $55.65M.
What is the long-term trend for Forward Air's expedited freight segment — salaries, wages and employee benefits?
Over 3 years (2022 to 2025), Forward Air's expedited freight segment — salaries, wages and employee benefits has grown at a -3.5% compound annual growth rate (CAGR), from $233.88M to $210.42M.
What does expedited freight segment — salaries, wages and employee benefits mean?
This captures the total compensation costs for personnel directly involved in the expedited freight segment operations. Monitoring this helps evaluate labor productivity and the impact of wage inflation on segment margins.