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. Explore how much does Forward Air Corporation reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore how large is Forward Air Corporation's balance sheet for the complete picture of this company's asset base.
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 how much is Forward Air Corporation worth.
| 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 | — |