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Forward Air FWRD Expedited Freight Segment — Total operating revenues

Other segment segments

Omni Logistics
$302.42M-6.5%
Intermodal Segment
$53.09M-15.0%

Similar metrics at other companies

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CVLGExpedited — Revenue (Gross)
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$729.1M+2.0%
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SNDRTransportation — Operating revenues
$1.28B-1.4%
FedEx logo
FDXFedex Freight — Revenue
$2.41B+4.8%
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UBERFreight — Revenue
$1.34B+6.1%

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 — total operating revenues?
Forward Air (FWRD) reported expedited freight segment — total operating revenues of $272.71M in Q1 2026.
How has Forward Air's expedited freight segment — total operating revenues changed year-over-year?
Forward Air's expedited freight segment — total operating revenues increased by 9.4% year-over-year, from $249.38M to $272.71M.
What is the long-term trend for Forward Air's expedited freight segment — total operating revenues?
Over 4 years (2021 to 2025), Forward Air's expedited freight segment — total operating revenues has grown at a -2.0% compound annual growth rate (CAGR), from $1.1B to $1.01B.
What does expedited freight segment — total operating revenues mean?
This metric represents the total gross revenue generated by the expedited freight business segment. It reflects the company's ability to capture market share and demand for time-sensitive, less-than-truckload logistics services.