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Forward Air vs Radiant Logistics: FWRD and RLGT compared
Forward Air is the larger company: $673M of revenue in its latest quarter (Q2 2026) against $261M for Radiant Logistics (Q4 FY26). Radiant Logistics is growing faster (+18% against +9% a year earlier). Radiant Logistics is more profitable, with an operating margin of 3.3% against -29.9%.
Where the money goes: FWRD and RLGT
Forward Air (FWRD) · Q2 2026
Forward Air, Q2 2026: revenue $673M (+9% year over year), operating margin -29.9%, net loss $246M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
Radiant Logistics (RLGT) · Q4 FY26
Radiant Logistics, Q4 FY26: revenue $261M (+18% year over year), operating margin 3.3%, net earnings $7.7M, operating cash flow −$11.9M. The chart follows the revenue to costs, profit and cash.
| Forward Air (FWRD) | Radiant Logistics (RLGT) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q4 FY26 |
| Revenue | $673M | $261M |
| Revenue growth, Y/Y | +9% | +18% |
| Operating margin | -29.9% | 3.3% |
| Net earnings | −$246M | $7.7M |
| Net margin | -36.5% | 2.9% |
| Operating cash flow | −$4.9M | −$11.9M |
| Market value | $540M | — |
| Analysts’ mean target | $26.00 | — |
Where the revenue comes from
Forward Air
- Ground: $409M (61%)
- Contract Logistics: $112M (17%)
- Air and Ocean: $93.4M (14%)
- Intermodal: $58.6M (9%)
Radiant Logistics
- Transportation Services: $249M (95%)
- Value Added Services: $12.0M (5%)
Questions
Which is bigger, Forward Air or Radiant Logistics?
Forward Air is the larger company: $673M of revenue in its latest quarter (Q2 2026) against $261M for Radiant Logistics (Q4 FY26).
Is Forward Air or Radiant Logistics growing faster?
Radiant Logistics is growing faster (+18% against +9% a year earlier).
Which is more profitable, Forward Air or Radiant Logistics?
Radiant Logistics is more profitable, with an operating margin of 3.3% against -29.9%.
More: Forward Air earnings · how Forward Air makes money · Radiant Logistics earnings · how Radiant Logistics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-K filed Sep 14, 2026). Fiscal quarters can end on different dates. Not investment advice.