Forward Air Cash Flow Statement
NASDAQ: FWRDIndustrialsIntegrated Freight & LogisticsUSD
15.64-0.68 (-4.17%)
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Forward Air free cash flow
In fiscal 2025, Forward Air generated $44.4 million of operating cash flow and spent $29.1 million on capital expenditures. That left free cash flow of $15.3 million, a free-cash-flow margin of 0.6% of revenue.
Summary generated from market data by MetaCap's automated system. Methodology
Forward Air cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -141.72M | -1.13B | 167.35M | 193.19M | 105.86M | 23.73M | 87.10M | 92.05M | 87.25M | 27.50M |
| Net Income growth (YoY) | — | -775.96% | -13.38% | +82.50% | +346.04% | -72.75% | -5.38% | +5.50% | +217.23% | -50.51% |
| Depreciation & Amortization | 152.64M | 143.98M | 57.41M | 42.55M | 34.97M | 37.13M | 36.39M | 35.83M | 41.05M | 38.21M |
| Stock-Based Compensation | 13.43M | 10.19M | 11.49M | 10.66M | 10.50M | 11.03M | 11.71M | 10.19M | 8.10M | 8.33M |
| Change in Working Capital | -24.42M | -31.00M | 67.34M | -514.00K | 11.35M | -11.31M | 3.20M | -2.75M | -23.65M | -10.57M |
| Operating Cash Flow | 44.38M | -69.02M | 199.21M | 250.16M | 120.61M | 96.11M | 159.02M | 152.55M | 103.36M | 130.35M |
| Capital Expenditures | -29.12M | -37.06M | -30.73M | -39.25M | -38.38M | -20.27M | -22.01M | -39.56M | -38.27M | -42.19M |
| Investing Cash Flow | -26.91M | -1.61B | -83.69M | -102.99M | -95.60M | -81.51M | -63.91M | -55.46M | -59.19M | -52.39M |
| Dividends Paid | 0 | 0 | -25.00M | -25.86M | -22.98M | -20.87M | -20.49M | -18.43M | -18.05M | -15.53M |
| Share Repurchases | 0 | 0 | -93.81M | -62.77M | -48.99M | -45.25M | -56.20M | -66.13M | -48.98M | -39.98M |
| Debt Issued | — | — | — | — | — | — | — | — | 0 | 0 |
| Debt Repaid | — | — | — | — | — | -1.45M | -946.00K | -302.00K | -42.79M | -55.77M |
| Financing Cash Flow | -17.53M | -163.83M | 1.79B | -138.67M | -27.95M | -39.09M | -56.01M | -75.33M | -48.80M | -102.76M |
| Net Change in Cash | 730.00K | -1.85B | 1.91B | 8.51M | -2.94M | -24.50M | 39.09M | 21.76M | -4.62M | -24.80M |
| Free Cash Flow | 15.27M | -106.08M | 168.49M | 210.91M | 82.23M | 75.84M | 137.01M | 112.99M | 65.10M | 88.17M |
This table shows 10 annual periods of Forward Air's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow FWRD's reporting calendar. What is a cash flow statement?