Forward Air Corporation

FWRDNASDAQIndustrials● Active

$11.50

+$1.14(+11.00%)

Market Cap$363688029

P/E Ratio—

52W High$32.47

52W Low$7.86

Avg Volume1.2M

Open$10.49

Beta1.42

Cash on Hand Financials Revenue

Forward Air Corporation (FWRD) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

FWRD · cash on hand · updated Dec 31, 2025

Core cash position

as of Dec 31, 2025

Cash & Short-Term Investments (CCE + ST Investments)

$106.0M▲ +1.0% vs prior year

FY · as of Dec 31, 2025 · Reported in USD

Cash & Cash Equiv. (CCE)

$106.0M

cashAndCashEquivalents

Short-Term Investments

shortTermInvestments

YoY Change vs Prior Year

+1.0%

vs prior fiscal year

Latest Quarter

$141.0M

Q1 2026

Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash vs Debt · Balance Sheet Health

Cash & ST Investments$106.0MCash on Hand

Total Debt$2.16BTotal Debt

Net Cash / Net Debt−$2.05BNet Debt Position

Cash vs Debt Ratio

Cash 5%Forward Air Corporation cash as % of market cap: 29.14%% · MCap $0BDebt 95%

Forward Air Corporation carries a net debt position of $2.05B. Total debt ($2.16B) exceeds cash on hand ($106.0M). Forward Air Corporation cash vs debt ratio: 5% cash / 95% debt.

Net Cash = Cash & ST Investments − Total Debt$106.0M − $2.16B = −$2.05B

Cash on hand history

annual cash on hand trend · Cash & Short-Term Investments

YoY Increase

YoY Decrease

Latest Year

FWRD annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

FWRD cash & short-term investments history

DatePeriodCash & ST InvestmentsYoY Change

Dec 31, 2025LatestFY$106.0M+1.0%

Dec 31, 2024FY$104.9M-14.0%

Dec 31, 2023FY$122.0M+166.2%

Dec 31, 2022FY$45.8M+22.8%

Dec 31, 2021FY$37.3M-7.3%

FWRD cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Industrials Sector Cash Reserves Comparison

FWRD vs peers · cash on hand

#CompanyCash & ST Inv.Market CapCash/MCapRelative

Forward Air CorporationYOU

FWRD

$106.0M$363M29.2%

Industrials sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

Forward Air Corporation (FWRD) cash on hand as of December 31, 2025 is $106.0M, comprising $106.0M in cash and cash equivalents (CCE) plus $0 in short-term investments — reported as Forward Air Corporation cash and short-term investments on the balance sheet (10-K filing). Also referred to as Forward Air Corporation cash reserves or cash position.

Forward Air Corporation annual cash on hand history shows increased +1.0% in 2025: increased +1.0% in 2025. Forward Air Corporation cash reserves in 2025 reflect the company's capital allocation strategy.

Forward Air Corporation carries total debt of $2.16B against cash of $106.0M, resulting in a net debt position of -$2.05B. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.

Financial statements Free cash flow Net income Revenue Market cap P/E ratio Earnings Price history

Frequently asked questions

FWRD cash on hand · 5 questions

As of December 31, 2025, Forward Air Corporation (FWRD) has $105,996,000 in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $105,996,000 in cash and cash equivalents (CCE) plus $0 in short-term investments. Latest quarter (March 31, 2026): $141,022,000. Data sourced from the annual 10-K filing via FMP.

FWRD cash on handFWRD cash reservesFWRD cash 2025how much cash does FWRD have

▸ Source: FMP /balance-sheet-statement · US GAAP · Forward Air Corporation · Forward Air Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025