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 0.040x as of June 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 ($-4.88 Million) by net assets ($-122.67 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see FWRD market cap for the company's overall valuation and market capitalisation.
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. Explore FWRD cash to earnings ratio to measure how well operating cash flow supports reported net income.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Hunan Kylinsec Technology Co. Ltd. A
SHG:688152
|
N/A |
|
Grand Pacific Petrochemical Corp
TW:1312
|
-0.035x |
|
Wuhan Easy Diagnosis Biomedicine Co Ltd Class A
SHE:002932
|
0.003x |
|
BETTERWARE DE MEXICO SAPI
F:BM0
|
0.248x |
|
Ningbo Tianlong Electronics Co Ltd
SHG:603266
|
0.008x |
|
Dat Xanh Real Estate Service Contructions Corp
VN:DXG
|
-0.040x |
|
Duta Pertiwi Tbk
JK:DUTI
|
0.009x |
|
Forus S.A
SN:FORUS
|
0.130x |
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. View FWRD share price today for real-time trading data and today's change.
| 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