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Forward Air FWRD Intermodal Segment — Total operating revenues

Other segment segments

Omni Logistics
$302.42M-6.5%
Expedited Freight Segment
$272.71M+9.4%

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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: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 intermodal segment — total operating revenues?
Forward Air (FWRD) reported intermodal segment — total operating revenues of $53.09M in Q1 2026.
How has Forward Air's intermodal segment — total operating revenues changed year-over-year?
Forward Air's intermodal segment — total operating revenues decreased by 15.0% year-over-year, from $62.49M to $53.09M.
What is the long-term trend for Forward Air's intermodal segment — total operating revenues?
Over 4 years (2021 to 2025), Forward Air's intermodal segment — total operating revenues has grown at a -5.5% compound annual growth rate (CAGR), from $289.17M to $230.53M.
What does intermodal segment — total operating revenues mean?
This metric represents the total gross revenue generated by the intermodal business segment through the provision of rail-to-truck freight transportation services. It serves as a primary indicator of the segment's market demand and top-line growth performance within the broader logistics network.