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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 (FWRD) has disclosed FCF Margin for 17 consecutive years, with 4.92% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, FCF Margin fell 10.0% year-over-year to 4.92%, compared with a TTM value of 0.61% through Dec 2025, up 490.0%, and an annual FY2025 reading of 0.61%, up 490.0% over the prior year.
  • FCF Margin was 4.92% for Q4 2025 at Forward Air, down from 7.69% in the prior quarter.
  • Across five years, FCF Margin topped out at 21.07% in Q4 2022 and bottomed at 10.46% in Q1 2024.
  • Average FCF Margin over 5 years is 5.7%, with a median of 5.87% recorded in 2023.
  • The sharpest move saw FCF Margin surged 1618bps in 2022, then plummeted -2565bps in 2024.
  • Year by year, FCF Margin stood at 4.89% in 2021, then skyrocketed by 331bps to 21.07% in 2022, then crashed by -32bps to 14.32% in 2023, then crashed by -134bps to 4.82% in 2024, then fell by -2bps to 4.92% in 2025.
  • Business Quant data shows FCF Margin for FWRD at 4.92% in Q4 2025, 7.69% in Q3 2025, and 2.9% in Q2 2025.