Forward Air (FWRD) Change in Cash (2009 - 2026)
Forward Air (FWRD) recorded Change in Cash of -$1.57 million in Q2 2026, compared with -$21.37 million a year earlier.
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Analysis
Forward Air (FWRD) Change in Cash (2009 - 2026) Analysis & Trends
On a TTM basis, Forward Air's Change in Cash came in at $44.14 million as of Jun 30, 2026; for FY2025, it was $730,000.
- Across earlier years, Change in Cash came in at -$1.85 billion in FY2024, $1.91 billion in FY2023, $8.51 million in FY2022 and -$2.94 million in FY2021.
- Quarterly Change in Cash has ranged from -$1.78 billion in Q1 2024 to $1.93 billion in Q4 2023 over the past five years.
- Per Business Quant, the preceding three quarters came in at $35.03 million (Q1 2026), -$34.36 million (Q4 2025) and $45.05 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 872.00 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 43.00 Mn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | -31.09 Mn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | -1.15 Bn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | -272.00 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 1.62 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | -462.00 Mn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | -4.14 Mn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 572.70 Mn |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | -1.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.57 Mn |
| Mar 31, 2026 | 35.03 Mn |
| Dec 31, 2025 | -34.36 Mn |
| Sep 30, 2025 | 45.05 Mn |
| Jun 30, 2025 | -21.37 Mn |
| Mar 31, 2025 | 11.41 Mn |
| Dec 31, 2024 | -32.89 Mn |
| Sep 30, 2024 | 33.50 Mn |
| Jun 30, 2024 | -67.62 Mn |
| Mar 31, 2024 | -1.78 Bn |
| Dec 31, 2023 | 1.93 Bn |
| Sep 30, 2023 | 562,000.00 |
| Jun 30, 2023 | -13.75 Mn |
| Mar 31, 2023 | -13.79 Mn |
| Dec 31, 2022 | -1.02 Mn |
| Sep 30, 2022 | -540,000.00 |
| Jun 30, 2022 | -14.24 Mn |
| Mar 31, 2022 | 24.31 Mn |
| Dec 31, 2021 | -14.61 Mn |
| Sep 30, 2021 | 1.09 Mn |
API Access
Forward Air Change in Cash API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-cash&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-cash", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-cash&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();