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. See Forward Air Corporation (FWRD) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see Forward Air Corporation cash conversion from operations.
Annual Cash Flow Reinvestment Rate for Forward Air Corporation (1993–2025)
Year-by-year capital reinvestment analysis for Forward Air Corporation. See Forward Air Corporation (FWRD) financial flexibility to measure the company's free cash flow as a share of total liabilities.
| 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 | — |