What is Forward Air's ground — total operating revenues?

Forward Air (FWRD) reported ground — total operating revenues of $363.16M in Q1 2026.

What does ground — total operating revenues mean?

This metric represents the total gross revenue generated from the company's ground-based transportation and logistics services, including expedited less-than-truckload (LTL) and related regional freight operations. It serves as a primary indicator of the scale and market demand for the company's core asset-light ground network. Tracking this revenue stream helps investors assess the company's ability to capture market share within the competitive ground freight landscape.

Forward Air FWRD Ground — Total operating revenues

Other product segments

Network

$188.18M-1.0%

Contract Logistics

$104.17M+30.0%

Truckload

$62.54M+59.3%

Air And Ocean

$62.27M-12.6%

Intermodal

$52.46M-16.0%

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$153M+25.4%

FDXU.S. ground — Revenue

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FIP

FIPRail revenues — Total revenues

$82.29M+95.1%

FIP

FIPRailroad — Total revenues

$85.01M+99.4%

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

See full

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 ground — total operating revenues?: Forward Air (FWRD) reported ground — total operating revenues of $363.16M in Q1 2026.
What does ground — total operating revenues mean?: This metric represents the total gross revenue generated from the company's ground-based transportation and logistics services, including expedited less-than-truckload (LTL) and related regional freight operations. It serves as a primary indicator of the scale and market demand for the company's core asset-light ground network. Tracking this revenue stream helps investors assess the company's ability to capture market share within the competitive ground freight landscape.