Forward Air Corporation (FWRD) — 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). See net asset quality index of Forward Air Corporation to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Forward Air Corporation Capital Reinvestment Ratio (1993–2025)
This chart tracks Forward Air Corporation's Capital Reinvestment Ratio across 32 annual periods. Check Forward Air Corporation (FWRD) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Forward Air Corporation (1993–2025)
Year-by-year Capital Reinvestment Ratio for Forward Air Corporation from 1993 to 2025. For live market cap and broader valuation context, see how much is Forward Air Corporation worth.
| 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 | — |