FWRD · Forward Air Corp
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 5, 2026TL;DR. Forward Air reported record quarterly operating revenue of $673M and Consolidated EBITDA of $93M (vs. $79M YoY), led by its best Expedited Freight results in 2.5 years, but took a $244M non-cash goodwill impairment in Omni Logistics that drove a $201M operating loss and $246M net loss, while signing an MOU to retain at least half (potentially up to 75%) of a ~$250M large customer's revenue with a contract extension.
- + Record quarterly operating revenue of $673M, up 8.8% YoY from $619M
- + Consolidated EBITDA improved to $93M from $79M YoY, with margin up ~100 bps
- + Expedited Freight posted best operating revenue, operating income, Reported EBITDA and margin in 2.5 years, with EBITDA up 45.3% to $43M and margin expanding 200 bps to 13.6%
- + MOU to retain at least half of a ~$250M customer's 2025 revenue (up to ~75%) with a contract extension of no less than two years
- + Liquidity remained robust at $401M (vs. $368M YoY), with $33M YoY improvement and no long-term debt maturities until December 2030
- + Intermodal segment posted best Reported EBITDA in five quarters and best margin in six quarters at 16.7%, with the intermodal sale process on schedule to close by year-end
- − $244M non-cash goodwill impairment charge in Omni Logistics drove a $201M operating loss and $246M quarterly net loss
- − Customer expected to transition services to other providers, with majority taking place in December 2026 and throughout 2027, putting up to ~50% of $250M of 2025 revenue at risk
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Integrated Freight & Logistics — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FWRD
this stock
Forward Air Corp
|
$561.78M | -33.5% | +4.5% | — | 6.2% |
|
UPS
United Parcel Service Inc
|
$85.32B | +1.1% | +8.2% | — | 3.0% |
|
FDX
Fedex Corp
|
$73.81B | — | +8.5% | 16.7 | 2.0% |
|
JBHT
Hunt J B Transport Services Inc
|
$25.40B | +39.2% | +9.7% | 38.4 | 2.7% |
|
EXPD
Expeditors International Of Washington Inc
|
$25.04B | +29.3% | +13.5% | 28.0 | 3.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FWRD | +2.0% | -17.7% | +7.5% | -2.2% | -33.5% |
| SPY | -1.2% | -1.8% | +17.8% | -0.4% | +12.1% |
| vs SPY | +3.1% | -15.9% | -10.3% | -1.8% | -45.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.