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Forward Air FWRD Omni Logistics — Goodwill accumulated impairment

Other segment segments

Expedited Freight
$25.69M
Intermodal
$0

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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:GoodwillImpairedAccumulatedImpairmentLoss.

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
Balance as of December 31, 2025Expedited FreightOmni LogisticsIntermodalTotal
Goodwill$167,406$1,272,403$136,986$1,576,795
Accumulated impairment charges (1)(25,686)(1,028,397)(1,054,083)
Reported goodwill as of December 31, 2025141,720244,006136,986522,712
Impairment(244,006)(244,006)
Balance as of June 30, 2026
Goodwill$167,406$1,272,403$136,986$1,576,795
Accumulated impairment charges(25,686)(1,272,403)(1,298,089)
Reported goodwill as of June 30, 2026$141,720$136,986$278,706

Item 1. Financial Statements

FAQ

What is Forward Air's omni logistics — goodwill accumulated impairment?
Forward Air (FWRD) reported omni logistics — goodwill accumulated impairment of $1.27B in Q2 2026.
What does omni logistics — goodwill accumulated impairment mean?
Represents the cumulative reduction in the carrying value of goodwill within the Omni Logistics segment due to impairment charges. This occurs when the fair value of the reporting unit falls below its book value, signaling potential challenges in realizing expected synergies or future earnings. High levels of accumulated impairment often indicate historical overpayment or deteriorating business performance.

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