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Forward Air FWRD Truckload — Total operating revenues

Other product segments

Ground
$408.72M
Network
$225.97M+16.6%
Contract Logistics
$112.33M
Air and Ocean
$93.36M
Intermodal
$58.63M

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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-24.8%
Enterprise value$2.62B-10.6%
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Expedited Freight revenues:
Network (1)$225,971$193,829$414,148$383,991
Truckload69,23742,636131,78181,891
Other23,85421,23145,84041,195
Total Expedited Freight revenues$319,062$257,696$591,769$507,077

Item 1. Financial Statements

FAQ

What is Forward Air's truckload — total operating revenues?
Forward Air (FWRD) reported truckload — total operating revenues of $69.24M in Q2 2026.
How has Forward Air's truckload — total operating revenues changed year-over-year?
Forward Air's truckload — total operating revenues increased by 62.4% year-over-year, from $42.64M to $69.24M.
What is the long-term trend for Forward Air's truckload — total operating revenues?
Over 4 years (2021 to 2025), Forward Air's truckload — total operating revenues has grown at a -7.1% compound annual growth rate (CAGR), from $223.03M to $165.89M.
What does truckload — total operating revenues mean?
The total revenue generated from the Truckload segment through the provision of freight and logistics services. This metric tracks the top-line performance and market demand for the company's truckload offerings. It is a primary indicator of the segment's growth trajectory and its contribution to the overall corporate revenue base.

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