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
Forward Air Corporation (FWRD) · Cash Flow
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · FWRD · as of 2026-06-10
Financial statements
Operating CF · CapEx · Free Cash Flow
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | ($0.11B) | ($1.12B) | $0.04B | $0.19B | $0.12B |
| Depreciation & Amort. | $0.15B | $0.14B | $0.06B | $0.05B | $0.04B |
| Stock-Based Comp. | $0.01B | $0.01B | $0.01B | $0.01B | $0.01B |
| Change in Working Capital | ($0.00B) | ($0.01B) | $0.09B | ($0.01B) | ($0.05B) |
| Net Cash from Operations | $0.04B | ($0.08B) | $0.18B | $0.26B | $0.12B |
| Investing Activities | |||||
| Capital Expenditure | ($0.03B) | ($0.04B) | ($0.03B) | ($0.04B) | ($0.04B) |
| Purchases of Investments | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Sales of Investments | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Net Cash from Investing | ($0.03B) | ($1.61B) | $0.17B | ($0.10B) | ($0.09B) |
| Financing Activities | |||||
| Common Stock Repurchased | $0.00B | $0.00B | ($0.09B) | ($0.06B) | ($0.05B) |
| Dividends Paid | $0.00B | $0.00B | ($0.02B) | ($0.03B) | ($0.02B) |
| Debt Issued / Repaid | ($0.02B) | ($0.10B) | $1.67B | ($0.06B) | $0.04B |
| Net Cash from Financing | ($0.02B) | ($0.16B) | $1.55B | ($0.15B) | ($0.03B) |
| Free Cash Flow | |||||
| Free Cash Flow | $0.02B | ($0.11B) | $0.15B | $0.22B | $0.08B |
| FCF Margin %(computed) | 0.61% | -4.55% | 10.99% | 13.00% | 5.85% |
Data source: Financial Modeling Prep · Last updated: 2026-06-10 · USD · B
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About Forward Air Corporation (FWRD) Cash Flow Statement
Forward Air Corporation generated operating cash flow of $0.04B and free cash flow of $0.02B for 2025 — a FCF margin of 0.61%. Capital expenditure was ($0.03B).
Frequently asked questions
FWRD · 4 questionsForward Air Corporation generated free cash flow of $0.02B for 2025, up 113.6% year-over-year.
FWRD free cash flowFCF margincash flow yield
· Source: FMP /stable/cash-flow-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-10