What is Forward Air's PP&E (net)?

Forward Air (FWRD) reported PP&E (net) of $286.65M in Q1 2026.

How has Forward Air's PP&E (net) changed year-over-year?

Forward Air's PP&E (net) decreased by 13.5% year-over-year, from $331.21M to $286.65M.

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

Over 5 years (2020 to 2025), Forward Air's PP&E (net) has grown at a 9.4% compound annual growth rate (CAGR), from $189.87M to $297.88M.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

Forward Air FWRD PP&E (Net)

PP&E (Net) at other companies

Old Dominion Freight LineODFL

$4.47B-0.7%

C.H. Robinson WorldwideCHRW

$111.11M-9.7%

FedExFDX

$42.04B+1.0%

XPO

XPOXPO

$3.65B+3.2%

RXORXO

$131M-8.4%

Radiant LogisticsRLGT

$21.19M-10.1%

Segments

By geography

See full

Foreign Operations$102.26M—

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

See full

Market cap$451.92M-33.0%

Enterprise value$2.46B-9.2%

P/S0.2×-0.1×

Profitability

See full

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:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization.

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 PP&E (net)?: Forward Air (FWRD) reported PP&E (net) of $286.65M in Q1 2026.
How has Forward Air's PP&E (net) changed year-over-year?: Forward Air's PP&E (net) decreased by 13.5% year-over-year, from $331.21M to $286.65M.
What is the long-term trend for Forward Air's PP&E (net)?: Over 5 years (2020 to 2025), Forward Air's PP&E (net) has grown at a 9.4% compound annual growth rate (CAGR), from $189.87M to $297.88M.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.