Forward Air Corporation (FWRD) — 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. Explore Forward Air Corporation cash conversion from operations to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Forward Air Corporation Cash Flow Quality Index (1993–2023)
Historical Cash Flow Quality Index for Forward Air Corporation across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check total reinvestment intensity of Forward Air Corporation to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Forward Air Corporation (1993–2023)
Year-by-year earnings quality comparison for Forward Air Corporation. For live market cap and the full company financial profile, see Forward Air Corporation (FWRD) market capitalisation.
| 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 | — |