Growth Metrics

Forward Air (FWRD) Free Cash Flow (2016 - 2026)

Forward Air filings provide 18 years of Free Cash Flow readings, the most recent being $38.8 million for Q1 2026.

  • On a quarterly basis, Free Cash Flow rose 146.94% to $38.8 million in Q1 2026 year-over-year; TTM through Mar 2026 was $38.4 million, a 213.88% increase, with the full-year FY2025 number at $15.3 million, up 114.39% from a year prior.
  • Free Cash Flow hit $38.8 million in Q1 2026 for Forward Air, up from -$31.1 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $77.3 million in Q3 2022 to a low of -$59.6 million in Q2 2024.
  • Median Free Cash Flow over the past 5 years was $39.5 million (2022), compared with a mean of $19.2 million.
  • Biggest five-year swings in Free Cash Flow: skyrocketed 269.8% in 2022 and later plummeted 230.12% in 2024.
  • Forward Air's Free Cash Flow stood at $39.5 million in 2022, then rose by 22.67% to $48.4 million in 2023, then tumbled by 162.95% to -$30.5 million in 2024, then decreased by 1.92% to -$31.1 million in 2025, then surged by 224.82% to $38.8 million in 2026.
  • The last three reported values for Free Cash Flow were $38.8 million (Q1 2026), -$31.1 million (Q4 2025), and $48.6 million (Q3 2025) per Business Quant data.