Forward Air (FWRD) Cash from Operations (2009 - 2026)
Forward Air (FWRD) reported Cash from Operations of 45738000.0 for Q1 2026, up 65.63% on a YoY basis from 27615000.0 in Q1 2025, and up 301.24% quarter-over-quarter from 22728000.0 in Q4 2025.
Forward Air (FWRD) Cash from Operations (2009 - 2026) Analysis & Trends
Forward Air has reported Cash from Operations for 18 years, with the latest figure at 45738000.0 in Q1 2026.
- For the quarter ending Q1 2026, Cash from Operations rose 65.63% year-over-year to 45738000.0; the trailing twelve-month figure through Mar 2026 stood at 62507000.0 (up 505.75% YoY), and the FY2025 full-year result was 44384000.0, up 164.31% from the prior year.
- Cash from Operations for Q1 2026 stood at 45738000.0, up from 22728000.0 in the prior quarter.
- The five-year high for Cash from Operations was 83994000.0 in Q3 2022, with the low at 51719000.0 in Q1 2024.
- Historically, Cash from Operations has averaged 27675294.12 across 5 years, with a median of 50334000.0 in 2022.
- Annual changes were most pronounced in 2022 — Cash from Operations surged 269.46% — and 2024, when it tumbled 185.01%.
- Forward Air's Cash from Operations 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn | 2.22 Bn |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | 1.99 Bn |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | 353.04 Mn |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | 68.60 Mn |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | 283.30 Mn |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | 78.21 Mn |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | 31.00 Mn |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | 404.33 Mn |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 44.16 Mn |
| 10 | Forward Air | 326.09 Mn | 226.34 Mn | 526.45 Mn | 45.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 57.09 Mn |
| Dec 31, 2023 | 57.09 Mn |