Forward Air Corporation Free Cash Flow Generation Index
Forward Air Corporation free cash flow generation index. Forward Air Corporation (FWRD) has a Free Cash Flow Generation Index of 0.85x as of March 2026. Free cash flow of $38.79 Million represents 1% of operating cash flow ($45.74 Million).
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Free Cash Flow Generation Index of Forward Air Corporation (1993–2025)
Free cash flow generation index of Forward Air Corporation from 1993 to 2025. Historical FCF Generation Index trend for Forward Air Corporation across 32 annual periods. See Forward Air Corporation financial flexibility index to measure the company's free cash flow as a share of total liabilities.
Forward Air Corporation Free Cash Flow Generation Index by Year (1993–2025)
Forward Air Corporation free cash flow generation index by year from 1993 to 2025. Year-by-year Free Cash Flow Generation Index for Forward Air Corporation. For the full cash flow conversion analysis, see FWRD cash generation efficiency.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.34x | $15.27 Million | $44.38 Million | $29.12 Million | ▼ -58.6% |
| 2023 | 0.83x | $150.66 Million | $181.39 Million | $30.73 Million | ▼ -1.4% |
| 2022 | 0.84x | $218.36 Million | $259.09 Million | $40.73 Million | ▲ +24.9% |
| 2021 | 0.67x | $81.15 Million | $120.26 Million | $39.11 Million | ▼ -11.1% |
| 2020 | 0.76x | $63.84 Million | $84.11 Million | $20.27 Million | ▼ -6.3% |
| 2019 | 0.81x | $130.81 Million | $161.48 Million | $30.67 Million | ▲ +12.1% |
| 2018 | 0.72x | $110.26 Million | $152.55 Million | $42.29 Million | ▲ +14.8% |
| 2017 | 0.63x | $65.10 Million | $103.36 Million | $38.27 Million | ▼ -6.9% |
| 2016 | 0.68x | $88.16 Million | $130.35 Million | $42.19 Million | ▲ +28.2% |
| 2015 | 0.53x | $45.23 Million | $85.72 Million | $40.49 Million | ▼ -7.3% |
| 2014 | 0.57x | $52.17 Million | $91.66 Million | $39.49 Million | ▼ -6.7% |
| 2013 | 0.61x | $55.40 Million | $90.84 Million | $35.44 Million | ▼ -11.4% |
| 2012 | 0.69x | $47.23 Million | $68.59 Million | $21.35 Million | ▼ -4.9% |
| 2011 | 0.72x | $55.74 Million | $76.96 Million | $21.22 Million | ▲ +0.7% |
| 2010 | 0.72x | $38.85 Million | $53.99 Million | $15.15 Million | ▲ +23.1% |
| 2009 | 0.58x | $29.33 Million | $50.18 Million | $20.85 Million | ▲ +6.6% |
| 2008 | 0.55x | $32.38 Million | $59.08 Million | $26.70 Million | ▲ +122.5% |
| 2007 | 0.25x | $15.37 Million | $62.39 Million | $47.03 Million | ▼ -65.1% |
| 2006 | 0.71x | $37.01 Million | $52.47 Million | $15.45 Million | ▲ +24.0% |
| 2005 | 0.57x | $29.16 Million | $51.23 Million | $22.08 Million | ▼ -18.8% |
| 2004 | 0.70x | $26.21 Million | $37.41 Million | $11.20 Million | ▼ -23.2% |
| 2003 | 0.91x | $29.87 Million | $32.74 Million | $2.87 Million | ▲ +4.9% |
| 2002 | 0.87x | $26.04 Million | $29.95 Million | $3.91 Million | ▲ +0.7% |
| 2001 | 0.86x | $30.68 Million | $35.53 Million | $4.84 Million | ▲ +69.0% |
| 2000 | 0.51x | $17.29 Million | $33.83 Million | $16.55 Million | ▼ -19.1% |
| 1999 | 0.63x | $12.69 Million | $20.10 Million | $7.41 Million | ▲ +112.1% |
| 1998 | -5.20x | $-9.87 Million | $1.90 Million | $11.76 Million | ▼ -3462.9% |
| 1997 | 0.15x | $3.49 Million | $22.56 Million | $19.07 Million | ▼ -48.5% |
| 1996 | 0.30x | $3.76 Million | $12.52 Million | $8.76 Million | ▲ +153.3% |
| 1995 | -0.56x | $-8.90 Million | $15.80 Million | $24.70 Million | ▲ +81.0% |
| 1994 | -2.97x | $-27.30 Million | $9.20 Million | $36.50 Million | ▲ +74.4% |
| 1993 | -11.59x | $-19.70 Million | $1.70 Million | $21.40 Million | — |