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Ratios
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 - 2026)

Forward Air filings provide 18 years of FCF Margin readings, the most recent being 6.66% for Q1 2026.

  • On a quarterly basis, FCF Margin rose 410.0% to 6.66% in Q1 2026 year-over-year; TTM through Mar 2026 was 1.56%, a 288.0% increase, with the full-year FY2025 number at 0.61%, up 490.0% from a year prior.
  • FCF Margin hit 6.66% in Q1 2026 for Forward Air, up from 4.92% 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.
  • Median FCF Margin over the past 5 years was 6.66% (2026), compared with a mean of 5.27%.
  • Biggest five-year swings in FCF Margin: tumbled -2565bps in 2024 and later soared 1302bps in 2025.
  • Forward Air's FCF Margin stood at 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, then surged by 235bps to 6.66% in 2026.
  • The last three reported values for FCF Margin were 6.66% (Q1 2026), 4.92% (Q4 2025), and 7.69% (Q3 2025) per Business Quant data.