Growth Metrics

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

Historic Free Cash Flow for Forward Air (FWRD) over the last 17 years, with Q3 2025 value amounting to $48.6 million.

  • Forward Air's Free Cash Flow rose 1929.06% to $48.6 million in Q3 2025 from the same period last year, while for Sep 2025 it was $15.9 million, marking a year-over-year increase of 15842.33%. This contributed to the annual value of -$106.1 million for FY2024, which is 16295.74% down from last year.
  • Per Forward Air's latest filing, its Free Cash Flow stood at $48.6 million for Q3 2025, which was up 1929.06% from -$18.0 million recorded in Q2 2025.
  • Over the past 5 years, Forward Air's Free Cash Flow peaked at $77.3 million during Q3 2022, and registered a low of -$59.6 million during Q2 2024.
  • In the last 5 years, Forward Air's Free Cash Flow had a median value of $28.7 million in 2021 and averaged $21.1 million.
  • Per our database at Business Quant, Forward Air's Free Cash Flow skyrocketed by 26979.88% in 2022 and then plummeted by 23011.63% in 2024.
  • Quarter analysis of 5 years shows Forward Air's Free Cash Flow stood at $22.5 million in 2021, then skyrocketed by 75.56% to $39.5 million in 2022, then increased by 22.67% to $48.4 million in 2023, then plummeted by 162.95% to -$30.5 million in 2024, then soared by 259.37% to $48.6 million in 2025.
  • Its last three reported values are $48.6 million in Q3 2025, -$18.0 million for Q2 2025, and $15.7 million during Q1 2025.