Forward Air Corporation (FWRD) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Forward Air Corporation (FWRD) has a cash flow conversion efficiency ratio of -0.141x 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 ($161.66 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. Read FWRD current and long-term liabilities for a breakdown of total debt and financial obligations.
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 |
|---|---|
|
Tianjin LVYIN Landscape and Ecology Construction Co Ltd
SHE:002887
|
0.001x |
|
Oeneo SA
PA:SBT
|
0.044x |
|
Haier Smart Home Co Ltd
F:690D
|
0.043x |
|
Prime Medicine, Inc. Common Stock
NASDAQ:PRME
|
-0.217x |
|
Bumi Armada Bhd
KLSE:5210
|
0.063x |
|
Zhejiang Tengen Electrics Co Ltd
SHG:605066
|
N/A |
|
Jilin University Zhengyuan Info Tech
SHE:003029
|
-0.018x |
|
Jiangsu Xiuqiang Glasswork Co
SHE:300160
|
0.031x |
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. For the full company profile with market capitalisation and key ratios, see Forward Air Corporation stock valuation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $161.66 Million | $44.38 Million | 0.275x | +204.09% |
| 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 | -- |
About 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. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up a… Read more