Forward Air (FWRD) Net Cash Flow (2009 - 2026)
Forward Air's (FWRD) quarterly Net Cash Flow came in at $35.3 million in Q1 2026, up 219.52% YoY from $11.1 million in Q1 2025, and up 202.08% on a QoQ basis from -$34.6 million in Q4 2025.
Forward Air (FWRD) Net Cash Flow (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Net Cash Flow data on file, last reported at $35.3 million in Q1 2026.
- Quarterly Net Cash Flow rose 219.52% year-over-year to $35.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $24.2 million (up 147.93% YoY) and the FY2025 annual result came in at -$61000.0, up 100.0% from the prior year.
- Net Cash Flow climbed to $35.3 million in Q1 2026, from -$34.6 million in the prior quarter.
- In the past five years, Net Cash Flow ranged from a high of $1.9 billion in Q4 2023 to a low of -$1.8 billion in Q1 2024.
- A 5-year average of $6.4 million and a median of -$1.0 million in 2022 frame the typical range for Net Cash Flow.
- Annual changes were most pronounced in 2023 — Net Cash Flow soared 188891.99% — and 2024, when it slumped 12803.41%.
- Tracing FWRD's Net Cash Flow over 5 years: stood at -$1.0 million in 2022, then soared by 188891.99% to $1.9 billion in 2023, then slumped by 101.73% to -$33.4 million in 2024, then retreated by 3.6% to -$34.6 million in 2025, then surged by 202.08% to $35.3 million in 2026.
- The last three Net Cash Flow figures came in at $35.3 million (Q1 2026), -$34.6 million (Q4 2025), and $45.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 86.89 Bn | 82.23 Bn | 19.65 Bn | -1.14 Bn |
| 2 | Fedex | 77.23 Bn | 63.91 Bn | 18.84 Bn | 1.66 Bn |
| 3 | Hunt J B Transport Services | 25.91 Bn | 25.90 Bn | - | -401,000.00 |
| 4 | Expeditors International Of Washington | 24.62 Bn | 23.58 Bn | 1.09 Bn | -286.32 Mn |
| 5 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 208.70 Mn |
| 6 | C. H. Robinson Worldwide | 16.77 Bn | 16.62 Bn | 1.11 Bn | -5.34 Mn |
| 7 | Landstar System | 6.33 Bn | 5.98 Bn | 308.86 Mn | -58.38 Mn |
| 8 | GXO Logistics | 5.25 Bn | 4.48 Bn | 508.00 Mn | -24.00 Mn |
| 9 | Pitney Bowes | 2.24 Bn | 1.96 Bn | 296.14 Mn | -35.60 Mn |
| 10 | Forward Air | 588.72 Mn | 449.27 Mn | 617.46 Mn | -1.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.77 Mn |
| Jun 30, 2026 | -1.77 Mn |
| Mar 31, 2026 | 35.31 Mn |
| Mar 31, 2026 | 35.31 Mn |
| Dec 31, 2025 | -34.59 Mn |
| Dec 31, 2025 | -34.59 Mn |
| Sep 30, 2025 | 45.20 Mn |
| Sep 30, 2025 | 45.20 Mn |
| Jun 30, 2025 | -21.72 Mn |
| Jun 30, 2025 | -21.72 Mn |
| Mar 31, 2025 | 11.05 Mn |
| Mar 31, 2025 | 11.05 Mn |
| Dec 31, 2024 | -33.39 Mn |
| Dec 31, 2024 | -33.39 Mn |
| Sep 30, 2024 | 35.25 Mn |
| Sep 30, 2024 | 35.25 Mn |
| Jun 30, 2024 | -63.39 Mn |
| Jun 30, 2024 | -63.39 Mn |
| Mar 31, 2024 | -1.78 Bn |
| Mar 31, 2024 | -1.78 Bn |