Forward Air Corporation (FWRD) — 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). Check Forward Air Corporation total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Forward Air Corporation Financial Flexibility Index (1993–2025)
Historical Financial Flexibility Index trend for Forward Air Corporation across 33 annual periods. For the full cash flow conversion analysis, see how efficiently does Forward Air Corporation generate cash.
Annual Financial Flexibility Index for Forward Air Corporation (1993–2025)
Year-by-year free cash flow to debt coverage for Forward Air Corporation. Explore Forward Air Corporation debt service capacity to assess how comfortably operating cash covers total debt obligations.
| 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 | — |