Forward Air (FWRD) Cash from Operations (2009 - 2026)
Forward Air's (FWRD) quarterly Cash from Operations came in at 45738000.0 in Q1 2026, up 65.63% YoY from 27615000.0 in Q1 2025, and up 301.24% on a QoQ basis from 22728000.0 in Q4 2025.
Forward Air (FWRD) Cash from Operations (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Cash from Operations data on file, last reported at 45738000.0 in Q1 2026.
- Quarterly Cash from Operations rose 65.63% year-over-year to 45738000.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 62507000.0 (up 505.75% YoY) and the FY2025 annual result came in at 44384000.0, up 164.31% from the prior year.
- Cash from Operations climbed to 45738000.0 in Q1 2026, from 22728000.0 in the prior quarter.
- In the past five years, Cash from Operations ranged from a high of 83994000.0 in Q3 2022 to a low of 51719000.0 in Q1 2024.
- A 5-year average of 27675294.12 and a median of 50334000.0 in 2022 frame the typical range for Cash from Operations.
- Annual changes were most pronounced in 2022 — Cash from Operations surged 269.46% — and 2024, when it tumbled 185.01%.
- Tracing FWRD's Cash from Operations over 5 years: stood at 53347000.0 in 2022, then advanced by 7.02% to 57092000.0 in 2023, then sank by 140.71% to 23245000.0 in 2024, then increased by 2.22% to 22728000.0 in 2025, then surged by 301.24% to 45738000.0 in 2026.
- The last three Cash from Operations figures came in at 45738000.0 (Q1 2026), 22728000.0 (Q4 2025), and 52714000.0 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | 859.00 Mn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | 3.27 Bn |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | 370.23 Mn |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | 178.64 Mn |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 404.33 Mn |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | 35.90 Mn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | -50.40 Mn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | 76.00 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | 152.92 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | -4.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -4.88 Mn |
| Jun 30, 2026 | -4.88 Mn |
| Mar 31, 2026 | 45.74 Mn |
| Mar 31, 2026 | 45.74 Mn |
| Dec 31, 2025 | -22.73 Mn |
| Dec 31, 2025 | -22.73 Mn |
| Sep 30, 2025 | 52.71 Mn |
| Sep 30, 2025 | 52.71 Mn |
| Jun 30, 2025 | -13.22 Mn |
| Jun 30, 2025 | -13.22 Mn |
| Mar 31, 2025 | 27.62 Mn |
| Mar 31, 2025 | 27.62 Mn |
| Dec 31, 2024 | -23.25 Mn |
| Dec 31, 2024 | -23.25 Mn |
| Sep 30, 2024 | 51.15 Mn |
| Sep 30, 2024 | 51.15 Mn |
| Jun 30, 2024 | -45.21 Mn |
| Jun 30, 2024 | -45.21 Mn |
| Mar 31, 2024 | -51.72 Mn |
| Mar 31, 2024 | -51.72 Mn |