Forward Air (FWRD) Free Cash Flow (2009 - 2026)

Forward Air has reported Free Cash Flow for 18 years, with the latest figure at $38.8 million in Q1 2026.

• For the quarter ending Q1 2026, Free Cash Flow rose 146.94% year-over-year to $38.8 million; the trailing twelve-month figure through Mar 2026 stood at $38.4 million (up 213.88% YoY), and the FY2025 full-year result was $15.3 million, up 114.39% from the prior year.
• Free Cash Flow for Q1 2026 stood at $38.8 million, up from -$31.1 million in the prior quarter.
• The five-year high for Free Cash Flow was $77.3 million in Q3 2022, with the low at -$59.6 million in Q2 2024.
• Historically, Free Cash Flow has averaged $19.2 million across 5 years, with a median of $39.5 million in 2022.
• Annual changes were most pronounced in 2022 — Free Cash Flow surged 269.8% — and 2024, when it tumbled 230.12%.
• Forward Air's Free Cash Flow stood at $39.5 million in 2022, then gained by 22.67% to $48.4 million in 2023, then tumbled by 162.95% to -$30.5 million in 2024, then slipped by 1.92% to -$31.1 million in 2025, then soared by 224.82% to $38.8 million in 2026.
• The last three Free Cash Flow figures came in at $38.8 million (Q1 2026), -$31.1 million (Q4 2025), and $48.6 million (Q3 2025), per Business Quant data.