Balance Sheet
Cash Flow Statement
AcquisitionsAmortization of GoodwillCapital ExpendituresCash from Discontinued OperationsCash from Financing ActivitiesCash from Investing ActivitiesCash from OperationsChange in Accured ExpensesChange in CashChange in ReceivablesDeferred TaxesDepreciation & Amortization (CF)Exchange Rate EffectFree Cash FlowGains from Investment SecuritiesLong-Term Debt RepaymentsNet Cash FlowNet IncomeOther Working Capital ChangesOther financing activitiesSales of Property, Plant and EquipmentShare-based CompensationShares Issued
Daily Values
Growth Metrics
Income Statement
Others
Ratios

Forward Air (FWRD) Free Cash Flow (2016 - 2025)

Forward Air (FWRD) has disclosed Free Cash Flow for 17 consecutive years, with -$31.1 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Free Cash Flow fell 1.92% year-over-year to -$31.1 million, compared with a TTM value of $15.3 million through Dec 2025, up 114.39%, and an annual FY2025 reading of $15.3 million, up 114.39% over the prior year.
  • Free Cash Flow was -$31.1 million for Q4 2025 at Forward Air, down from $48.6 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $77.3 million in Q3 2022 and bottomed at -$59.6 million in Q2 2024.
  • Average Free Cash Flow over 5 years is $18.5 million, with a median of $25.6 million recorded in 2021.
  • The sharpest move saw Free Cash Flow soared 269.8% in 2022, then crashed 228.8% in 2024.
  • Year by year, Free Cash Flow stood at $22.5 million in 2021, then surged by 75.56% to $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.
  • Business Quant data shows Free Cash Flow for FWRD at -$31.1 million in Q4 2025, $48.6 million in Q3 2025, and -$18.0 million in Q2 2025.