What is Forward Air's pre-tax income?

Forward Air (FWRD) reported pre-tax income of -$38.41M in Q1 2026.

How has Forward Air's pre-tax income changed year-over-year?

Forward Air's pre-tax income increased by 7.7% year-over-year, from -$41.6M to -$38.41M.

What is the long-term trend for Forward Air's pre-tax income?

Over 3 years (2021 to 2025), Forward Air's pre-tax income has grown at a 1.0% compound annual growth rate (CAGR), from $142.69M to -$147.2M.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Forward Air FWRD Pre-Tax Income

Pre-Tax Income at other companies

Old Dominion Freight LineODFL

$317.68M-6.2%

C.H. Robinson WorldwideCHRW

$166.67M+6.3%

FedExFDX

$2.11B-5.2%

United Parcel Service, Inc.UPS

$1.12B-26.2%

XPO

XPOXPO

$124M+36.3%

RXORXO

-$49M-25.6%

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

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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

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Operating cash flow$45.7M+65.6%

CapEx$6.9M-41.7%

Free cash flow$38.8M+147%

Valuation

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Market cap$451.92M-33.0%

Enterprise value$2.46B-9.2%

P/S0.2×-0.1×

Profitability

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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: Forward Air’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Forward Air's pre-tax income?: Forward Air (FWRD) reported pre-tax income of -$38.41M in Q1 2026.
How has Forward Air's pre-tax income changed year-over-year?: Forward Air's pre-tax income increased by 7.7% year-over-year, from -$41.6M to -$38.41M.
What is the long-term trend for Forward Air's pre-tax income?: Over 3 years (2021 to 2025), Forward Air's pre-tax income has grown at a 1.0% compound annual growth rate (CAGR), from $142.69M to -$147.2M.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.