What is Forward Air's intangibles (net)?

Forward Air (FWRD) reported intangibles (net) of $884.02M in Q1 2026.

How has Forward Air's intangibles (net) changed year-over-year?

Forward Air's intangibles (net) decreased by 9.4% year-over-year, from $976.12M to $884.02M.

What is the long-term trend for Forward Air's intangibles (net)?

Over 5 years (2020 to 2025), Forward Air's intangibles (net) has grown at a 44.3% compound annual growth rate (CAGR), from $145.03M to $906.79M.

What does intangibles (net) mean?

Identifiable intangible assets (patents, trademarks, customer relationships, technology) net of accumulated amortization — excluding goodwill.

Forward Air FWRD Intangibles (Net)

Intangibles (Net) at other companies

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$7.2M-58.0%

XPO

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$295M-15.7%

RXORXO

$442M-8.7%

Radiant LogisticsRLGT

$46.44M-2.8%

Covenant Logistics GroupCVLG

$102.61M+4.5%

Schneider NationalSNDR

$71.3M-8.8%

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

See full

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

See full

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:IntangibleAssetsNetExcludingGoodwill.

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 intangibles (net)?: Forward Air (FWRD) reported intangibles (net) of $884.02M in Q1 2026.
How has Forward Air's intangibles (net) changed year-over-year?: Forward Air's intangibles (net) decreased by 9.4% year-over-year, from $976.12M to $884.02M.
What is the long-term trend for Forward Air's intangibles (net)?: Over 5 years (2020 to 2025), Forward Air's intangibles (net) has grown at a 44.3% compound annual growth rate (CAGR), from $145.03M to $906.79M.
What does intangibles (net) mean?: Identifiable intangible assets (patents, trademarks, customer relationships, technology) net of accumulated amortization — excluding goodwill.