Forward Air (FWRD) Net Cash Flow (2009 - 2026)
Forward Air (FWRD) reported Net Cash Flow of -$1.77 million for Q2 2026, compared with -$21.72 million a year earlier.
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Analysis
Forward Air (FWRD) Net Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Forward Air's Net Cash Flow came in at $44.15 million; for FY2025, it was -$61,000.
- By year, Net Cash Flow came in at -$1.84 billion in FY2024, $1.91 billion in FY2023, $8.51 million in FY2022 and -$2.94 million in FY2021.
- Five-year quarterly Net Cash Flow spans a low of -$1.78 billion in Q1 2024 and a high of $1.93 billion in Q4 2023.
- Per Business Quant data, the three quarters before Q2 2026 came in at $35.31 million (Q1 2026), -$34.59 million (Q4 2025) and $45.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 872.00 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 43.00 Mn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | -48.44 Mn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | -1.14 Bn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | -272.00 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 1.66 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | -462.00 Mn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | -4.14 Mn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | -1.69 Bn |
| 10 | Forward Air | 514.47 Mn | -19.58 Mn | - | -1.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.77 Mn |
| Mar 31, 2026 | 35.31 Mn |
| Dec 31, 2025 | -34.59 Mn |
| Sep 30, 2025 | 45.20 Mn |
| Jun 30, 2025 | -21.72 Mn |
| Mar 31, 2025 | 11.05 Mn |
| Dec 31, 2024 | -33.39 Mn |
| Sep 30, 2024 | 35.25 Mn |
| Jun 30, 2024 | -63.39 Mn |
| Mar 31, 2024 | -1.78 Bn |
| Dec 31, 2023 | 1.93 Bn |
| Sep 30, 2023 | 562,000.00 |
| Jun 30, 2023 | -13.75 Mn |
| Mar 31, 2023 | -13.79 Mn |
| Dec 31, 2022 | -1.02 Mn |
| Sep 30, 2022 | -540,000.00 |
| Jun 30, 2022 | -14.24 Mn |
| Mar 31, 2022 | 24.31 Mn |
| Dec 31, 2021 | -14.61 Mn |
| Sep 30, 2021 | 1.09 Mn |
API Access
Forward Air Net Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-cash-flow&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-cash-flow", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-cash-flow&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();