Forward Air Corporation Cash Flow Conversion Efficiency
Forward Air Corporation 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.
Cash Flow Conversion Efficiency of Forward Air Corporation (1993–2025)
Cash flow conversion efficiency of Forward Air Corporation from 1993 to 2025. This chart illustrates how Forward Air Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Forward Air Corporation share price for real-time trading data and today's change.
Forward Air Corporation Cash Flow Conversion Ratio Explained
Forward Air Corporation cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
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. Also see FWRD company net worth for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Adcock Ingram Holdings Limited
JSE:AIP
|
0.091x |
|
Zambal Spain Socimi SA
MC:YZBL
|
0.008x |
|
eDreams Odigeo SA
MC:EDR
|
0.387x |
|
Shenzhen Longtech Smart Control Co. Ltd.
SHE:300916
|
N/A |
|
Henan Tong-Da Cable Co Ltd
SHE:002560
|
0.104x |
|
Obrascon Huarte Lain SA
MC:OHLA
|
0.289x |
|
Hg Technologies Co Ltd
SHE:300847
|
0.031x |
|
CK Power Public Company Limited
BK:CKP
|
0.000x |
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. Review FWRD free cash flow to operating cash ratio to assess how much free cash flow the company generates relative to operating cash flow.
| 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