Forward Air Corporation Capital Reinvestment Ratio
Forward Air Corporation capital reinvestment ratio. Forward Air Corporation (FWRD) has a Capital Reinvestment Ratio of 0.15x as of March 2026, meaning it reinvests 0% of its operating cash flow ($45.74 Million) in capital expenditures ($6.95 Million). Check total reinvestment intensity of Forward Air Corporation to assess the company's total reinvestment commitment from operating cash flow.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Forward Air Corporation (1993–2025)
Capital reinvestment ratio of Forward Air Corporation from 1993 to 2025. This chart tracks Forward Air Corporation's Capital Reinvestment Ratio across 32 annual periods. Also explore FWRD shareholders equity momentum to track the company's year-over-year net asset growth rate.
Forward Air Corporation Capital Reinvestment Ratio by Year (1993–2025)
Forward Air Corporation capital reinvestment ratio by year from 1993 to 2025. For the full cash flow conversion analysis, see FWRD operating cash flow.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.66x | $44.38 Million | $29.12 Million | ▲ +287.3% |
| 2023 | 0.17x | $181.39 Million | $30.73 Million | ▲ +7.8% |
| 2022 | 0.16x | $259.09 Million | $40.73 Million | ▼ -51.7% |
| 2021 | 0.33x | $120.26 Million | $39.11 Million | ▲ +35.0% |
| 2020 | 0.24x | $84.11 Million | $20.27 Million | ▲ +26.9% |
| 2019 | 0.19x | $161.48 Million | $30.67 Million | ▼ -31.5% |
| 2018 | 0.28x | $152.55 Million | $42.29 Million | ▼ -25.1% |
| 2017 | 0.37x | $103.36 Million | $38.27 Million | ▲ +14.4% |
| 2016 | 0.32x | $130.35 Million | $42.19 Million | ▼ -31.5% |
| 2015 | 0.47x | $85.72 Million | $40.49 Million | ▲ +9.7% |
| 2014 | 0.43x | $91.66 Million | $39.49 Million | ▲ +10.4% |
| 2013 | 0.39x | $90.84 Million | $35.44 Million | ▲ +25.3% |
| 2012 | 0.31x | $68.59 Million | $21.35 Million | ▲ +12.9% |
| 2011 | 0.28x | $76.96 Million | $21.22 Million | ▼ -1.7% |
| 2010 | 0.28x | $53.99 Million | $15.15 Million | ▼ -32.5% |
| 2009 | 0.42x | $50.18 Million | $20.85 Million | ▼ -8.1% |
| 2008 | 0.45x | $59.08 Million | $26.70 Million | ▼ -40.0% |
| 2007 | 0.75x | $62.39 Million | $47.03 Million | ▲ +155.9% |
| 2006 | 0.29x | $52.47 Million | $15.45 Million | ▼ -31.6% |
| 2005 | 0.43x | $51.23 Million | $22.08 Million | ▲ +44.0% |
| 2004 | 0.30x | $37.41 Million | $11.20 Million | ▲ +241.0% |
| 2003 | 0.09x | $32.74 Million | $2.87 Million | ▼ -32.8% |
| 2002 | 0.13x | $29.95 Million | $3.91 Million | ▼ -4.2% |
| 2001 | 0.14x | $35.53 Million | $4.84 Million | ▼ -72.1% |
| 2000 | 0.49x | $33.83 Million | $16.55 Million | ▲ +32.7% |
| 1999 | 0.37x | $20.10 Million | $7.41 Million | ▼ -94.1% |
| 1998 | 6.20x | $1.90 Million | $11.76 Million | ▲ +633.6% |
| 1997 | 0.85x | $22.56 Million | $19.07 Million | ▲ +20.8% |
| 1996 | 0.70x | $12.52 Million | $8.76 Million | ▼ -55.2% |
| 1995 | 1.56x | $15.80 Million | $24.70 Million | ▼ -60.6% |
| 1994 | 3.97x | $9.20 Million | $36.50 Million | ▼ -68.5% |
| 1993 | 12.59x | $1.70 Million | $21.40 Million | — |