Forward Air Corporation Cash Flow Quality Index
Forward Air Corporation cash flow quality index. Forward Air Corporation (FWRD) has a Cash Flow Quality Index of 3.22x as of September 2023. Operating cash flow of $29.86 Million exceeds net income of $9.29 Million, indicating high earnings quality where cash backs reported profits. See financial flexibility index of Forward Air Corporation to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Forward Air Corporation (1993–2023)
Cash flow quality index of Forward Air Corporation from 1993 to 2023. Historical Cash Flow Quality Index for Forward Air Corporation across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore FWRD cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Forward Air Corporation Cash Flow Quality Index by Year (1993–2023)
Forward Air Corporation cash flow quality index by year from 1993 to 2023. Year-by-year earnings quality comparison for Forward Air Corporation. For the full cash flow conversion analysis, see FWRD operating cash flow.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2023 | 4.24x | $181.39 Million | $42.80 Million | ▲ +216.0% |
| 2022 | 1.34x | $259.09 Million | $193.19 Million | ▲ +29.5% |
| 2021 | 1.04x | $120.26 Million | $116.09 Million | ▼ -35.0% |
| 2020 | 1.59x | $84.11 Million | $52.77 Million | ▼ -14.0% |
| 2019 | 1.85x | $161.48 Million | $87.10 Million | ▲ +11.9% |
| 2018 | 1.66x | $152.55 Million | $92.05 Million | ▲ +40.0% |
| 2017 | 1.18x | $103.36 Million | $87.32 Million | ▼ -74.9% |
| 2016 | 4.71x | $130.35 Million | $27.67 Million | ▲ +205.4% |
| 2015 | 1.54x | $85.72 Million | $55.58 Million | ▲ +2.9% |
| 2014 | 1.50x | $91.66 Million | $61.17 Million | ▼ -10.2% |
| 2013 | 1.67x | $90.84 Million | $54.47 Million | ▲ +28.1% |
| 2012 | 1.30x | $68.59 Million | $52.67 Million | ▼ -20.1% |
| 2011 | 1.63x | $76.96 Million | $47.20 Million | ▼ -3.3% |
| 2010 | 1.69x | $53.99 Million | $32.04 Million | ▼ -66.6% |
| 2009 | 5.05x | $50.18 Million | $9.95 Million | ▲ +263.3% |
| 2008 | 1.39x | $59.08 Million | $42.54 Million | ▼ 0.0% |
| 2007 | 1.39x | $62.39 Million | $44.92 Million | ▲ +29.5% |
| 2006 | 1.07x | $52.47 Million | $48.92 Million | ▼ -6.0% |
| 2005 | 1.14x | $51.23 Million | $44.91 Million | ▲ +5.0% |
| 2004 | 1.09x | $37.41 Million | $34.42 Million | ▼ -13.9% |
| 2003 | 1.26x | $32.74 Million | $25.94 Million | ▼ -8.3% |
| 2002 | 1.38x | $29.95 Million | $21.76 Million | ▼ -23.0% |
| 2001 | 1.79x | $35.53 Million | $19.88 Million | ▲ +23.8% |
| 2000 | 1.44x | $33.83 Million | $23.45 Million | ▲ +15.1% |
| 1999 | 1.25x | $20.10 Million | $16.04 Million | ▲ +433.8% |
| 1998 | 0.23x | $1.90 Million | $8.08 Million | ▼ -91.1% |
| 1997 | 2.63x | $22.56 Million | $8.59 Million | ▼ -16.6% |
| 1996 | 3.15x | $12.52 Million | $3.98 Million | ▼ -10.4% |
| 1995 | 3.51x | $15.80 Million | $4.50 Million | ▲ +52.7% |
| 1994 | 2.30x | $9.20 Million | $4.00 Million | ▲ +197.6% |
| 1993 | 0.77x | $1.70 Million | $2.20 Million | — |