Finward Bancorp

FNWDNASDAQFinancial Services● Active

$32.69

+$0.23(+0.71%)

Market Cap$141546752

P/E Ratio—

52W High$39.99

52W Low$26.46

Avg Volume8K

Open$32.99

Beta0.22

Free Cash Flow Financials Revenue

Finward Bancorp (FNWD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FNWD · free cash flow · updated Jun 9, 2026

Core FCF metrics

FNWD · FCF · TTM · margin & CAGR

Free cash flow was $9.0M for FY2025 (fiscal year ending 2025-12-31), up 34.4% year-over-year The FCF margin was 8.9%. Five-year CAGR stands at -10.8%.

FY2025 Free Cash Flow$9.0M▲ +34.4% YoY

Trailing 12M (TTM)$16.1Mtrailing 4 quarters sum

FCF Margin8.9%$9.0M ÷ revenue

3-Year CAGR-14.9%FY2022 → FY2025

5-Year CAGR-10.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FNWD · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$9.9M(1M)$9.0M▲ +34.4%8.9%

FY2024$9.8M(3M)$6.7M▼ 70.8%6.0%

FY2023$24.2M(1M)$23.1M▲ +56.9%23.9%

FY2022$17.7M(3M)$14.7M▲ +5.6%17.6%

FY2021$17.0M(3M)$13.9M▼ 13.0%20.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FNWD · P/FCF · FCF yield · FCF per share

Finward Bancorp (FNWD) trades at a FCF yield of 11.40% and a price-to-free-cash-flow ratio of 8.6x. FCF per share stands at $3.78, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

11.40%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.78

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x7.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FNWD · cash flow statement · operating / investing / financing

For FY2025, Finward Bancorp generated $9.9M in operating cash flow and spent 1M in capital expenditures, yielding $9.0M in free cash flow.

Operating Activities

+$9.9M

Cash from core business operations

2025-12-31

Investing Activities

+$94.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$55.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($9.9M) − |CapEx| (1M) = FCF ($9.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

FNWD vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Finward BancorpYOU

FNWD

$9.0M+34.4%9.0%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Finward Bancorp (FNWD) reported free cash flow of $9.0M for FY2025 (fiscal year ending 2025-12-31), up 34.4% year-over-year. The FCF margin was 8.9%.

Based on available data, Finward Bancorp has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $23.1M in FY2023. The 5-year CAGR stands at -10.8%.

Finward Bancorp's FCF yield is 11.40% and price-to-FCF ratio is 8.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FNWD free cash flow · 8 questions

Finward Bancorp free cash flow was $9.0M for FY2025, up 34.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $16.1M.

FNWD free cash flowFNWD FCFFNWD FCF 2025FNWD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Finward Bancorp · Finward Bancorp SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026