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Forward Air FWRD Claims

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Segments

By segment

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Expedited Freight$10.02M-6.3%
Intermodal$1.8M-42.8%
Omni Logistics$276K-77.9%

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:OperatingInsuranceAndClaimsCostsProduction.

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
Salaries, wages and employee benefits130,040145,490245,616287,405
Operating leases50,25249,50599,96598,298
Depreciation and amortization38,26236,80676,78374,166
Insurance and claims13,67815,53627,17630,542
Fuel expense6,6445,27811,57110,927
Other operating expenses55,57443,407111,16798,940
Impairment of goodwill244,006—244,006—
Total operating expenses874,348599,3221,435,9531,207,840

Item 1. Financial Statements

FAQ

What is Forward Air's claims?
Forward Air (FWRD) reported claims of $13.68M in Q2 2026.
How has Forward Air's claims changed year-over-year?
Forward Air's claims decreased by 12.0% year-over-year, from $15.54M to $13.68M.
What is the long-term trend for Forward Air's claims?
Over 4 years (2021 to 2025), Forward Air's claims has grown at a 10.6% compound annual growth rate (CAGR), from $39.41M to $58.97M.
What does claims mean?
This metric represents the total costs incurred for insurance premiums and the settlement of cargo or liability claims. It serves as a key indicator of operational risk management and the safety performance of the logistics network. High levels of claims relative to revenue may signal underlying issues in freight handling or safety protocols.

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