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Forward Air FWRD Omni Logistics — Operating leases

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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:OperatingLeaseExpense.

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
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
Other operating expenses20,06820,0823,43111,99355,574

Item 1. Financial Statements

FAQ

What is Forward Air's omni logistics — operating leases?
Forward Air (FWRD) reported omni logistics — operating leases of $27.47M in Q2 2026.
What does omni logistics — operating leases mean?
This metric captures the total value of operating lease liabilities associated with the Omni Logistics segment, representing the present value of future lease payments for assets such as warehouses, facilities, or equipment. It provides insight into the segment's off-balance-sheet financing obligations and the fixed cost structure required to maintain its logistics operations. Analyzing this figure helps investors evaluate the segment's financial leverage and long-term contractual commitments.

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