Skip to content

Forward Air FWRD Network — Total operating revenues

Other product segments

Ground
$363.16M-9.1%
Contract Logistics
$104.17M+30.0%
Truckload
$62.54M+59.3%
Air And Ocean
$62.27M-12.6%
Intermodal
$52.46M-16.0%

Similar metrics at other companies

NCR Atleos logo
NATLNetwork — Total Revenue
$301M+0.7%
Open Text logo
OTEXBusiness Network — Total revenues
$153.18M+4.5%
ePlus logo
PLUSNetworking — Revenue
$226.57M+26.7%
NCR Atleos logo
NATLNetwork — Segment Revenue
$301M+0.7%
TDS
TDSTotal — Total operating revenues
$301.58M+6.1%
Phreesia logo
PHRNetwork solutions — Total revenues
$36.27M+14.6%

Other financials

Income statement

See full
Revenue$582.0M-5.1%
Operating income$20.4M+329%
Net income-$34.3M+32.2%
EPS (diluted)-$1.09+35.1%

Balance sheet

See full
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

See full
Operating cash flow$45.7M+65.6%
CapEx$6.9M-41.7%
Free cash flow$38.8M+147%

Valuation

See full
Market cap$451.92M-33.0%
Enterprise value$2.46B-9.2%
P/S0.2×-0.1×

Profitability

See full
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 →

Ask your AI about Forward Air's network — total operating revenues.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Forward Air's network — total operating revenues?
Forward Air (FWRD) reported network — total operating revenues of $188.18M in Q1 2026.
How has Forward Air's network — total operating revenues changed year-over-year?
Forward Air's network — total operating revenues decreased by 1.0% year-over-year, from $190.16M to $188.18M.
What is the long-term trend for Forward Air's network — total operating revenues?
Over 4 years (2021 to 2025), Forward Air's network — total operating revenues has grown at a -1.6% compound annual growth rate (CAGR), from $813.72M to $761.94M.
What does network — total operating revenues mean?
This metric represents the total gross revenue generated by the company's specific network-based logistics and freight operations. It captures the aggregate income from services provided within this segment, reflecting the scale and market demand for the company's core transportation infrastructure. Monitoring this figure helps investors assess the top-line performance and growth trajectory of the segment's specialized service offerings.