What is Forward Air's interest expense?

Forward Air (FWRD) reported interest expense of $43.59M in Q1 2026.

How has Forward Air's interest expense changed year-over-year?

Forward Air's interest expense decreased by 4.3% year-over-year, from $45.55M to $43.59M.

What is the long-term trend for Forward Air's interest expense?

Over 4 years (2021 to 2025), Forward Air's interest expense has grown at a 154.1% compound annual growth rate (CAGR), from $4.34M to $180.75M.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

Forward Air FWRD Interest Expense

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$266M+19.8%

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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

See full

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:InterestExpenseNonoperating.

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 interest expense?: Forward Air (FWRD) reported interest expense of $43.59M in Q1 2026.
How has Forward Air's interest expense changed year-over-year?: Forward Air's interest expense decreased by 4.3% year-over-year, from $45.55M to $43.59M.
What is the long-term trend for Forward Air's interest expense?: Over 4 years (2021 to 2025), Forward Air's interest expense has grown at a 154.1% compound annual growth rate (CAGR), from $4.34M to $180.75M.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.