Forward Air Corporation
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. It operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delive… Read more
Forward Air Corporation (FWRD) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of December 2025: -0.201x
Based on the latest financial reports, Forward Air Corporation (FWRD) has a cash flow conversion efficiency ratio of -0.201x as of December 2025.
Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-22.73 Million) by net assets ($113.34 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Forward Air Corporation - Cash Flow Conversion Efficiency Trend (1993–2025)
This chart illustrates how Forward Air Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Forward Air Corporation Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Forward Air Corporation ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Shanghai MicroPort EV MedTech Co. Ltd. A
SHG:688351
|
N/A |
|
FIRST BUSINESS F.S.DL-01
F:45D
|
N/A |
|
Kaiser China Holding Co Ltd
SHE:002425
|
-0.006x |
|
PostNL NV
AS:PNL
|
0.231x |
|
Wavestone SA
F:2WSA
|
0.007x |
|
Zhe Jiang Headman Machinery Co Ltd
SHG:688577
|
0.077x |
|
Mattr Corp
PINK:MTTRF
|
0.008x |
|
AVIT Ltd
SHE:300264
|
-0.273x |
Annual Cash Flow Conversion Efficiency for Forward Air Corporation (1993–2025)
The table below shows the annual cash flow conversion efficiency of Forward Air Corporation from 1993 to 2025.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $113.34 Million | $44.38 Million | 0.392x | +248.46% |
| 2024-12-31 | $285.87 Million | $-75.40 Million | -0.264x | -211.13% |
| 2023-12-31 | $764.26 Million | $181.39 Million | 0.237x | -35.21% |
| 2022-12-31 | $707.24 Million | $259.09 Million | 0.366x | +80.84% |
| 2021-12-31 | $593.65 Million | $120.26 Million | 0.203x | +31.82% |
| 2020-12-31 | $547.33 Million | $84.11 Million | 0.154x | -45.07% |
| 2019-12-31 | $577.18 Million | $161.48 Million | 0.280x | +1.46% |
| 2018-12-31 | $553.24 Million | $152.55 Million | 0.276x | +42.32% |
| 2017-12-31 | $533.49 Million | $103.36 Million | 0.194x | -25.82% |
| 2016-12-31 | $499.07 Million | $130.35 Million | 0.261x | +55.41% |
| 2015-12-31 | $510.06 Million | $85.72 Million | 0.168x | -15.00% |
| 2014-12-31 | $463.56 Million | $91.66 Million | 0.198x | -5.13% |
| 2013-12-31 | $435.87 Million | $90.84 Million | 0.208x | +6.86% |
| 2012-12-31 | $351.67 Million | $68.59 Million | 0.195x | -27.29% |
| 2011-12-31 | $286.90 Million | $76.96 Million | 0.268x | +27.22% |
| 2010-12-31 | $256.09 Million | $53.99 Million | 0.211x | -5.60% |
| 2009-12-31 | $224.65 Million | $50.18 Million | 0.223x | -18.18% |
| 2008-12-31 | $216.43 Million | $59.08 Million | 0.273x | -24.86% |
| 2007-12-31 | $171.73 Million | $62.39 Million | 0.363x | +28.26% |
| 2006-12-31 | $185.23 Million | $52.47 Million | 0.283x | -1.13% |
| 2005-12-31 | $178.82 Million | $51.23 Million | 0.287x | +38.60% |
| 2004-12-31 | $181.00 Million | $37.41 Million | 0.207x | -6.75% |
| 2003-12-31 | $147.71 Million | $32.74 Million | 0.222x | -12.42% |
| 2002-12-31 | $118.35 Million | $29.95 Million | 0.253x | -24.07% |
| 2001-12-31 | $106.58 Million | $35.53 Million | 0.333x | -17.78% |
| 2000-12-31 | $83.45 Million | $33.83 Million | 0.405x | +10.82% |
| 1999-12-31 | $54.95 Million | $20.10 Million | 0.366x | +267.79% |
| 1998-12-31 | $19.07 Million | $1.90 Million | 0.099x | -77.76% |
| 1997-12-31 | $50.46 Million | $22.56 Million | 0.447x | +47.36% |
| 1996-12-31 | $41.26 Million | $12.52 Million | 0.303x | -29.70% |
| 1995-12-31 | $36.60 Million | $15.80 Million | 0.432x | +49.22% |
| 1994-12-31 | $31.80 Million | $9.20 Million | 0.289x | +364.59% |
| 1993-12-31 | $27.30 Million | $1.70 Million | 0.062x | -- |