Forward Air (FWRD) FCF Payout Ratio (2009 - 2023)
Forward Air (FWRD) reported FCF Payout Ratio of 0.13 for Q4 2023, down 21.12% on a YoY basis from 0.16 in Q4 2022, and down 61.15% quarter-over-quarter from 0.33 in Q3 2023.
Forward Air (FWRD) FCF Payout Ratio (2009 - 2023) Analysis & Trends
Forward Air has reported FCF Payout Ratio for 15 years, with the latest figure at 0.13 in Q4 2023.
- For the quarter ending Q4 2023, FCF Payout Ratio fell 21.12% year-over-year to 0.13; the trailing twelve-month figure through Sep 2024 stood at 0.23 (down 243.61% YoY), and the FY2023 full-year result was 0.15, up 20.97% from the prior year.
- FCF Payout Ratio for Q4 2023 stood at 0.13, down from 0.33 in the prior quarter.
- The five-year high for FCF Payout Ratio was 1.02 in Q4 2020, with the low at 0.01 in Q2 2019.
- Historically, FCF Payout Ratio has averaged 0.22 across 5 years, with a median of 0.15 in 2019.
- Annual changes were most pronounced in 2019 — FCF Payout Ratio slumped 97.26% — and 2020, when it jumped 1224.94%.
- Forward Air's FCF Payout Ratio stood at 0.13 in 2019, then soared by 679.79% to 1.02 in 2020, then slumped by 75.04% to 0.25 in 2021, then tumbled by 36.07% to 0.16 in 2022, then fell by 21.12% to 0.13 in 2023.
- The last three FCF Payout Ratio figures came in at 0.13 (Q4 2023), 0.33 (Q3 2023), and 0.14 (Q2 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn | 1.13 |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | 0.33 |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | 0.13 |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | 1.20 |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | 0.76 |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | 1.13 |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | - |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | - |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 0.47 |
| 10 | Forward Air | 326.09 Mn | 226.34 Mn | 526.45 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 0.13 |
| Sep 30, 2023 | 0.33 |
| Jun 30, 2023 | 0.14 |
| Mar 31, 2023 | 0.12 |
| Dec 31, 2022 | 0.16 |
| Sep 30, 2022 | 0.08 |
| Jun 30, 2022 | 0.16 |
| Mar 31, 2022 | 0.12 |
| Dec 31, 2021 | 0.25 |
| Sep 30, 2021 | 0.20 |
| Jun 30, 2021 | 0.25 |
| Mar 31, 2021 | 0.41 |
| Dec 31, 2020 | 1.02 |
| Sep 30, 2020 | 0.19 |
| Jun 30, 2020 | 0.11 |
| Mar 31, 2020 | 0.08 |
| Dec 31, 2019 | 0.13 |
| Sep 30, 2019 | 0.29 |
| Jun 30, 2019 | 0.01 |
| Mar 31, 2019 | 0.14 |