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

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

Forward Air's Free Cash Flow history spans 17 years, with the latest figure at -$31.1 million for Q4 2025.

  • For Q4 2025, Free Cash Flow fell 1.92% year-over-year to -$31.1 million; the TTM value through Dec 2025 reached $15.3 million, up 114.39%, while the annual FY2025 figure was $15.3 million, 114.39% up from the prior year.
  • Free Cash Flow reached -$31.1 million in Q4 2025 per FWRD's latest filing, down from $48.6 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.
  • Average Free Cash Flow over 5 years is $19.5 million, with a median of $31.1 million recorded in 2021.
  • Peak YoY movement for Free Cash Flow: soared 269.8% in 2022, then crashed 230.12% in 2024.
  • A 5-year view of Free Cash Flow shows it 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.
  • Per Business Quant, the three most recent readings for FWRD's Free Cash Flow are -$31.1 million (Q4 2025), $48.6 million (Q3 2025), and -$18.0 million (Q2 2025).