Forward Air Corporation Financial Flexibility Index
Forward Air Corporation financial flexibility index. Forward Air Corporation (FWRD) has a Financial Flexibility Index of 0.00x as of June 2026. Free cash flow of $-1.67 Million (operating CF $-4.88 Million minus capex $3.21 Million) represents 0% of total liabilities ($2.53 Billion). See free cash flow generation of Forward Air Corporation to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Forward Air Corporation (1993–2025)
Financial flexibility index of Forward Air Corporation from 1993 to 2025. Historical Financial Flexibility Index trend for Forward Air Corporation across 33 annual periods. Check Forward Air Corporation (FWRD) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Forward Air Corporation Financial Flexibility Index by Year (1993–2025)
Forward Air Corporation financial flexibility index by year from 1993 to 2025. Year-by-year free cash flow to debt coverage for Forward Air Corporation. For the full cash flow conversion analysis, see FWRD cash generation efficiency.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.03x | $73.50 Million | $44.38 Million | $2.58 Billion | ▲ +286.8% |
| 2024 | -0.02x | $-38.34 Million | $-75.40 Million | $2.52 Billion | ▼ -115.9% |
| 2023 | 0.10x | $212.11 Million | $181.39 Million | $2.22 Billion | ▼ -84.0% |
| 2022 | 0.60x | $299.82 Million | $259.09 Million | $500.83 Million | ▲ +96.9% |
| 2021 | 0.30x | $159.37 Million | $120.26 Million | $524.17 Million | ▲ +45.7% |
| 2020 | 0.21x | $104.38 Million | $84.11 Million | $500.06 Million | ▼ -55.1% |
| 2019 | 0.46x | $192.14 Million | $161.48 Million | $413.70 Million | ▼ -50.7% |
| 2018 | 0.94x | $194.85 Million | $152.55 Million | $206.97 Million | ▲ +2.5% |
| 2017 | 0.92x | $141.63 Million | $103.36 Million | $154.23 Million | ▼ -24.3% |
| 2016 | 1.21x | $172.54 Million | $130.35 Million | $142.22 Million | ▲ +82.7% |
| 2015 | 0.66x | $126.22 Million | $85.72 Million | $190.12 Million | ▼ -60.4% |
| 2014 | 1.68x | $131.15 Million | $91.66 Million | $78.24 Million | ▼ -6.5% |
| 2013 | 1.79x | $126.28 Million | $90.84 Million | $70.40 Million | ▼ -5.2% |
| 2012 | 1.89x | $89.94 Million | $68.59 Million | $47.52 Million | ▲ +4.6% |
| 2011 | 1.81x | $98.17 Million | $76.96 Million | $54.25 Million | ▲ +142.7% |
| 2010 | 0.75x | $69.14 Million | $53.99 Million | $92.71 Million | ▼ -3.4% |
| 2009 | 0.77x | $71.03 Million | $50.18 Million | $91.99 Million | ▼ -18.0% |
| 2008 | 0.94x | $85.78 Million | $59.08 Million | $91.09 Million | ▼ -39.6% |
| 2007 | 1.56x | $109.42 Million | $62.39 Million | $70.15 Million | ▼ -36.2% |
| 2006 | 2.44x | $67.92 Million | $52.47 Million | $27.79 Million | ▲ +12.6% |
| 2005 | 2.17x | $73.31 Million | $51.23 Million | $33.78 Million | ▲ +49.8% |
| 2004 | 1.45x | $48.62 Million | $37.41 Million | $33.55 Million | ▲ +11.4% |
| 2003 | 1.30x | $35.62 Million | $32.74 Million | $27.38 Million | ▲ +4.3% |
| 2002 | 1.25x | $33.87 Million | $29.95 Million | $27.16 Million | ▼ -6.2% |
| 2001 | 1.33x | $40.37 Million | $35.53 Million | $30.37 Million | ▼ -14.2% |
| 2000 | 1.55x | $50.38 Million | $33.83 Million | $32.52 Million | ▲ +38.9% |
| 1999 | 1.12x | $27.52 Million | $20.10 Million | $24.66 Million | ▲ +208.2% |
| 1998 | 0.36x | $13.66 Million | $1.90 Million | $37.74 Million | ▼ -41.0% |
| 1997 | 0.61x | $41.64 Million | $22.56 Million | $67.87 Million | ▲ +66.6% |
| 1996 | 0.37x | $21.29 Million | $12.52 Million | $57.81 Million | ▼ -43.9% |
| 1995 | 0.66x | $40.50 Million | $15.80 Million | $61.70 Million | ▼ -33.6% |
| 1994 | 0.99x | $45.70 Million | $9.20 Million | $46.20 Million | ▼ -7.1% |
| 1993 | 1.06x | $23.10 Million | $1.70 Million | $21.70 Million | — |