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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Forward Air (FWRD) FCF Margin (2016 - 2025)

Forward Air's FCF Margin history spans 17 years, with the latest figure at 4.92% for Q4 2025.

  • For Q4 2025, FCF Margin fell 10.0% year-over-year to 4.92%; the TTM value through Dec 2025 reached 0.61%, up 490.0%, while the annual FY2025 figure was 0.61%, 490.0% up from the prior year.
  • FCF Margin reached 4.92% in Q4 2025 per FWRD's latest filing, down from 7.69% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 17.84% in Q3 2022 to a low of 10.46% in Q1 2024.
  • Average FCF Margin over 5 years is 5.74%, with a median of 6.95% recorded in 2025.
  • Peak YoY movement for FCF Margin: plummeted -2565bps in 2024, then surged 1302bps in 2025.
  • A 5-year view of FCF Margin shows it stood at 12.18% in 2021, then dropped by -20bps to 9.8% in 2022, then surged by 46bps to 14.32% in 2023, then crashed by -134bps to 4.82% in 2024, then fell by -2bps to 4.92% in 2025.
  • Per Business Quant, the three most recent readings for FWRD's FCF Margin are 4.92% (Q4 2025), 7.69% (Q3 2025), and 2.9% (Q2 2025).