What is Forward Air's tax on share settlement?

Forward Air (FWRD) reported tax on share settlement of $685K in Q1 2026.

How has Forward Air's tax on share settlement changed year-over-year?

Forward Air's tax on share settlement decreased by 23.4% year-over-year, from $894K to $685K.

What is the long-term trend for Forward Air's tax on share settlement?

Over 4 years (2021 to 2025), Forward Air's tax on share settlement has grown at a -23.4% compound annual growth rate (CAGR), from $3.12M to $1.07M.

What does tax on share settlement mean?

Cash paid to tax authorities for employee share vesting, where the company withholds shares and pays the tax obligation in cash.

Forward Air FWRD Tax on Share Settlement

Tax on Share Settlement at other companies

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$68.08M+36.6%

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$88M+87.2%

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$2M-88.2%

Radiant LogisticsRLGT

$16K+300%

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$126K-77.5%

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$7.54M+1,382%

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:PaymentsRelatedToTaxWithholdingForShareBasedCompensation.

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 tax on share settlement?: Forward Air (FWRD) reported tax on share settlement of $685K in Q1 2026.
How has Forward Air's tax on share settlement changed year-over-year?: Forward Air's tax on share settlement decreased by 23.4% year-over-year, from $894K to $685K.
What is the long-term trend for Forward Air's tax on share settlement?: Over 4 years (2021 to 2025), Forward Air's tax on share settlement has grown at a -23.4% compound annual growth rate (CAGR), from $3.12M to $1.07M.
What does tax on share settlement mean?: Cash paid to tax authorities for employee share vesting, where the company withholds shares and pays the tax obligation in cash.