FWRD
Forward Air Corporation
NASDAQ: FWRD · INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS
$21.06
-2.09% today
Updated 2026-04-30
Market cap
$739.63M
P/E ratio
—
P/S ratio
0.30x
EPS (TTM)
$-3.51
Dividend yield
—
52W range
$14 – $32
Volume
0.7M
Forward Air Corporation (FWRD) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $52.47M | $62.39M | $59.08M | $50.18M | $53.99M | $76.96M | $68.59M | $90.84M | $91.66M | $85.72M | $130.35M | $103.36M | $152.55M | $161.48M | $84.11M | $120.26M | $259.09M | $181.39M | $-75.40M | $44.38M |
| Capital expenditures | $15.45M | $47.03M | $26.70M | $20.85M | $15.15M | $21.22M | $21.35M | $35.44M | $39.49M | $40.49M | $42.19M | $38.27M | $42.29M | $30.67M | $20.27M | $39.11M | $40.73M | $30.73M | $37.06M | $29.12M |
| Depreciation | $8.93M | $10.82M | $16.61M | $19.72M | $20.45M | $20.99M | $21.02M | $23.58M | $31.13M | $37.16M | $38.21M | $41.05M | $42.18M | $42.11M | $37.13M | $39.55M | $47.39M | $57.41M | $143.98M | — |
| Stock-based comp | $1.31M | $3.71M | $6.27M | $6.75M | $6.28M | $5.97M | $6.05M | $6.18M | $6.68M | $7.49M | $8.33M | $8.10M | $10.55M | $11.91M | $10.45M | $10.91M | $11.38M | $11.49M | $10.19M | $13.43M |
| Free cash flow | $37.01M | $15.37M | $32.38M | $29.33M | $38.85M | $55.74M | $47.23M | $55.40M | $52.17M | $45.23M | $88.16M | $65.10M | $110.26M | $130.81M | $63.84M | $81.15M | $218.36M | $150.66M | $-112.46M | $15.27M |
| Investing cash flow | $794000.00 | $-34.07M | $-56.19M | $-20.20M | $-13.89M | $-19.67M | $-20.70M | $-78.92M | $-127.71M | $-100.92M | $-52.39M | $-59.19M | $-55.46M | $-63.91M | $-81.51M | $-88.31M | $-104.46M | $174.84M | $-1.61B | — |
| Financing cash flow | $-45.36M | $-31.64M | $14.29M | $-10.03M | $-7.64M | $-72.99M | $5.50M | $3.27M | $-49.89M | $7.08M | $-102.76M | $-48.79M | $-75.33M | $-56.01M | $-25.90M | $-34.89M | $-146.12M | $1.55B | $-163.83M | — |
| Dividends paid | $8.69M | $8.30M | $8.09M | $8.11M | $8.12M | $8.19M | $9.95M | $12.14M | $14.79M | $14.82M | $15.53M | $18.05M | $18.43M | $20.49M | $20.87M | $22.98M | $25.86M | $25.00M | $0.00 | $0.00 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | $32.47M | $-15.70M | $53.38M | $15.19M | $-85.94M | $-8.12M | $-24.80M | $-4.62M | $21.76M | $39.09M | $-24.50M | $-2.94M | $8.51M | — | — | — |