Forward Air Corp (FWRD) FCF Margin (2009 - 2026)
Forward Air's FCF Margin came in at -1.20% for Q2 2026, up 1.70 percentage points from -2.90% a year earlier but down 7.87 percentage points from the prior quarter.
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Analysis
Forward Air Corp (FWRD) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Forward Air reported FCF Margin of 1.91%, up 1.60 percentage points year-over-year; for FY2025, it was 0.61%, up 4.90 percentage points from FY2024.
- FCF Margin carries a five-year change of -5.36 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was -4.29% in FY2024 (-16.58 pp), 12.29% in FY2023 (-0.26 pp), 12.56% in FY2022 (+6.63 pp) and 5.93% in FY2021 (-0.05 pp).
- The five-year range for quarterly FCF Margin is -10.46% (Q1 2024) to 17.84% (Q3 2022).
- Year-over-year, FCF Margin increased in six of the last eight quarters, with an average year-over-year change of +1.02 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q1 2025 (a gain of 13.02 percentage points), and the weakest in Q1 2024 (a drop of 25.65 percentage points).
- Business Quant data shows FWRD's FCF Margin at 6.66% (Q1 2026), -4.92% (Q4 2025) and 7.69% (Q3 2025) in the three quarters before Q2 2026.
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.20% |
| Mar 31, 2026 | 6.66% |
| Dec 31, 2025 | -4.92% |
| Sep 30, 2025 | 7.69% |
| Jun 30, 2025 | -2.90% |
| Mar 31, 2025 | 2.56% |
| Dec 31, 2024 | -4.82% |
| Sep 30, 2024 | 6.21% |
| Jun 30, 2024 | -9.26% |
| Mar 31, 2024 | -10.46% |
| Dec 31, 2023 | 14.32% |
| Sep 30, 2023 | 5.52% |
| Jun 30, 2023 | 13.74% |
| Mar 31, 2023 | 15.19% |
| Dec 31, 2022 | 9.80% |
| Sep 30, 2022 | 17.84% |
| Jun 30, 2022 | 9.40% |
| Mar 31, 2022 | 13.11% |
| Dec 31, 2021 | 12.18% |
| Sep 30, 2021 | 6.83% |
API Access
Forward Air Corp FCF Margin 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=fcf-margin&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();