What is Forward Air's retained earnings?

Forward Air (FWRD) reported retained earnings of -$482.91M in Q1 2026.

How has Forward Air's retained earnings changed year-over-year?

Forward Air's retained earnings decreased by 23.9% year-over-year, from -$389.76M to -$482.91M.

What is the long-term trend for Forward Air's retained earnings?

Over 5 years (2020 to 2025), Forward Air's retained earnings has grown at a 8.0% compound annual growth rate (CAGR), from $304.14M to -$447.1M.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

Forward Air FWRD Retained Earnings

Retained Earnings at other companies

Old Dominion Freight LineODFL

$4.14B+3.9%

C.H. Robinson WorldwideCHRW

$6.14B+5.1%

FedExFDX

$42.86B+7.8%

United Parcel Service, Inc.UPS

$19.62B-1.6%

XPO

XPOXPO

$989M+54.3%

RXORXO

-$420M-33.3%

Other financials

Income statement

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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

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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:RetainedEarningsAccumulatedDeficit.

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 retained earnings?: Forward Air (FWRD) reported retained earnings of -$482.91M in Q1 2026.
How has Forward Air's retained earnings changed year-over-year?: Forward Air's retained earnings decreased by 23.9% year-over-year, from -$389.76M to -$482.91M.
What is the long-term trend for Forward Air's retained earnings?: Over 5 years (2020 to 2025), Forward Air's retained earnings has grown at a 8.0% compound annual growth rate (CAGR), from $304.14M to -$447.1M.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.