Forward Air Corporation (FWRD) — Cash Flow Reinvestment Rate
Forward Air Corporation (FWRD) has a Cash Flow Reinvestment Rate of 0.15x as of March 2026, reinvesting $6.95 Million (capex $6.95 Million ) from operating cash flow of $45.74 Million. Check how high is Forward Air Corporation's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Forward Air Corporation Cash Flow Reinvestment Rate (1993–2025)
Historical reinvestment intensity for Forward Air Corporation across 32 annual periods. Explore Forward Air Corporation (FWRD) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Annual Cash Flow Reinvestment Rate for Forward Air Corporation (1993–2025)
Year-by-year capital reinvestment analysis for Forward Air Corporation. For live market cap and broader valuation context, see market cap of Forward Air Corporation.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.66x | $29.12 Million | $44.38 Million | $29.12 Million | ▼ -42.1% |
| 2023 | 1.13x | $205.56 Million | $181.39 Million | $30.73 Million | ▲ +102.2% |
| 2022 | 0.56x | $145.19 Million | $259.09 Million | $40.73 Million | ▼ -47.1% |
| 2021 | 1.06x | $127.42 Million | $120.26 Million | $39.11 Million | ▼ -13.5% |
| 2020 | 1.22x | $102.97 Million | $84.11 Million | $20.27 Million | ▲ +109.0% |
| 2019 | 0.59x | $94.58 Million | $161.48 Million | $30.67 Million | ▼ -8.6% |
| 2018 | 0.64x | $97.76 Million | $152.55 Million | $42.29 Million | ▼ -32.0% |
| 2017 | 0.94x | $97.45 Million | $103.36 Million | $38.27 Million | ▲ +29.9% |
| 2016 | 0.73x | $94.58 Million | $130.35 Million | $42.19 Million | ▲ +53.6% |
| 2015 | 0.47x | $40.49 Million | $85.72 Million | $40.49 Million | ▲ +9.7% |
| 2014 | 0.43x | $39.49 Million | $91.66 Million | $39.49 Million | ▲ +10.4% |
| 2013 | 0.39x | $35.44 Million | $90.84 Million | $35.44 Million | ▲ +25.3% |
| 2012 | 0.31x | $21.35 Million | $68.59 Million | $21.35 Million | ▲ +12.9% |
| 2011 | 0.28x | $21.22 Million | $76.96 Million | $21.22 Million | ▼ -1.7% |
| 2010 | 0.28x | $15.15 Million | $53.99 Million | $15.15 Million | ▼ -32.5% |
| 2009 | 0.42x | $20.85 Million | $50.18 Million | $20.85 Million | ▼ -8.1% |
| 2008 | 0.45x | $26.70 Million | $59.08 Million | $26.70 Million | ▼ -40.0% |
| 2007 | 0.75x | $47.03 Million | $62.39 Million | $47.03 Million | ▲ +155.9% |
| 2006 | 0.29x | $15.45 Million | $52.47 Million | $15.45 Million | ▼ -31.6% |
| 2005 | 0.43x | $22.08 Million | $51.23 Million | $22.08 Million | ▲ +44.0% |
| 2004 | 0.30x | $11.20 Million | $37.41 Million | $11.20 Million | ▲ +241.0% |
| 2003 | 0.09x | $2.87 Million | $32.74 Million | $2.87 Million | ▼ -32.8% |
| 2002 | 0.13x | $3.91 Million | $29.95 Million | $3.91 Million | ▼ -4.2% |
| 2001 | 0.14x | $4.84 Million | $35.53 Million | $4.84 Million | ▼ -72.1% |
| 2000 | 0.49x | $16.55 Million | $33.83 Million | $16.55 Million | ▲ +32.7% |
| 1999 | 0.37x | $7.41 Million | $20.10 Million | $7.41 Million | ▼ -94.1% |
| 1998 | 6.20x | $11.76 Million | $1.90 Million | $11.76 Million | ▲ +633.6% |
| 1997 | 0.85x | $19.07 Million | $22.56 Million | $19.07 Million | ▲ +20.8% |
| 1996 | 0.70x | $8.76 Million | $12.52 Million | $8.76 Million | ▼ -55.2% |
| 1995 | 1.56x | $24.70 Million | $15.80 Million | $24.70 Million | ▼ -60.6% |
| 1994 | 3.97x | $36.50 Million | $9.20 Million | $36.50 Million | ▼ -68.5% |
| 1993 | 12.59x | $21.40 Million | $1.70 Million | $21.40 Million | — |