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 0.374x as of March 2026. 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 ($45.74 Million) by net assets ($122.28 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See operational self-sufficiency of Forward Air Corporation to measure how many days the company can operate on defensive assets alone.
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.
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 |
|---|---|
|
FPT Securities JSC
VN:FTS
|
-0.403x |
|
Five Point Holdings LLC
NYSE:FPH
|
-0.019x |
|
Van de Velde NV
BR:VAN
|
0.127x |
|
Puma Biotechnology Inc
NASDAQ:PBYI
|
0.111x |
|
TSH Resources Bhd
KLSE:9059
|
0.036x |
|
Larimar Therapeutics Inc
NASDAQ:LRMR
|
-0.282x |
|
Checkpoint Therapeutics Inc
NASDAQ:CKPT
|
-0.717x |
|
Beijing Seeyon Internet Software Cp
SHG:688369
|
-0.118x |
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