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Forward Air FWRD Intermodal — Salaries, wages and employee benefits

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$57.57M+6.7%

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Other financials

Income statement

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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

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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

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Operating cash flow$45.7M+65.6%
CapEx$3.2M-32.3%
Free cash flow$38.8M+147%

Valuation

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Market cap$653.66M-27.1%
Enterprise value$2.62B-11.3%
P/S0.3×-0.1×

Profitability

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Gross margin48.7%
Operating margin-6.6%-8.5pp
Net margin-11.4%+21.6pp
FCF margin0.6%+0.3pp

Returns & leverage

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Return on equity-77.6%-25.2pp
Debt / equity26.5×+12.6×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by Forward Air in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

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, 2026Expedited FreightOmni LogisticsIntermodalCorporate and EliminationsTotal
Total consolidated revenues319,062338,54759,724(44,297)673,036
Less:
Purchased transportation167,936190,16622,087(44,297)335,892
Salaries, wages and employee benefits57,56862,22613,783(3,537)130,040
Operating leases16,41627,4666,10027050,252
Depreciation and amortization8,49523,8783,8822,00738,262
Insurance and claims10,0182761,7991,58513,678
Fuel expense3,6684572,541(22)6,644

Item 1. Financial Statements

FAQ

What is Forward Air's intermodal — salaries, wages and employee benefits?
Forward Air (FWRD) reported intermodal — salaries, wages and employee benefits of $13.78M in Q2 2026.
How has Forward Air's intermodal — salaries, wages and employee benefits changed year-over-year?
Forward Air's intermodal — salaries, wages and employee benefits decreased by 10.4% year-over-year, from $15.39M to $13.78M.
What is the long-term trend for Forward Air's intermodal — salaries, wages and employee benefits?
Over 3 years (2022 to 2025), Forward Air's intermodal — salaries, wages and employee benefits has grown at a -7.7% compound annual growth rate (CAGR), from $73.41M to $57.64M.
What does intermodal — salaries, wages and employee benefits mean?
This captures the total compensation costs, including wages and benefits, for personnel directly supporting the intermodal segment's operations. Monitoring this helps evaluate labor productivity and the impact of headcount changes on the segment's overall operating margin.

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