What is Forward Air's omni logistics — depreciation?

Forward Air (FWRD) reported omni logistics — depreciation of $23.88M in Q2 2026.

How has Forward Air's omni logistics — depreciation changed year-over-year?

Forward Air's omni logistics — depreciation increased by 6.5% year-over-year, from $22.42M to $23.88M.

What does omni logistics — depreciation mean?

The systematic allocation of the cost of tangible assets, such as vehicles and warehouse equipment, over their useful lives within the Omni Logistics segment. This non-cash expense reflects the wear and tear of physical capital used in daily logistics operations. It is a key indicator of the segment's ongoing capital expenditure requirements.

Forward Air (FWRD) Omni Logistics — Depreciation

Screener

Other segment segments

Expedited Freight

$8.5M-18.0%

Intermodal

$3.88M-13.8%

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CCKOther — Depreciation

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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

See full

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:DepreciationDepletionAndAmortization.

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, 2026	Expedited Freight	Omni Logistics	Intermodal	Corporate and Eliminations	Total
Purchased transportation	167,936	190,166	22,087	(44,297)	335,892
Salaries, wages and employee benefits	57,568	62,226	13,783	(3,537)	130,040
Operating leases	16,416	27,466	6,100	270	50,252
Depreciation and amortization	8,495	23,878	3,882	2,007	38,262
Insurance and claims	10,018	276	1,799	1,585	13,678
Fuel expense	3,668	457	2,541	(22)	6,644
Other operating expenses	20,068	20,082	3,431	11,993	55,574
Impairment of goodwill	—	244,006	—	—	244,006

Item 1. Financial Statements

FAQ

What is Forward Air's omni logistics — depreciation?: Forward Air (FWRD) reported omni logistics — depreciation of $23.88M in Q2 2026.
How has Forward Air's omni logistics — depreciation changed year-over-year?: Forward Air's omni logistics — depreciation increased by 6.5% year-over-year, from $22.42M to $23.88M.
What does omni logistics — depreciation mean?: The systematic allocation of the cost of tangible assets, such as vehicles and warehouse equipment, over their useful lives within the Omni Logistics segment. This non-cash expense reflects the wear and tear of physical capital used in daily logistics operations. It is a key indicator of the segment's ongoing capital expenditure requirements.