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
DateValue
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