Forward Air Corporation (FWRD)

NASDAQ: FWRD · Real-Time Price · USD

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26.81

0.00 (0.00%)

At close: Feb 13, 2026, 4:00 PM EST

26.89

+0.08 (0.30%)

Pre-market: Feb 17, 2026, 7:00 AM EST

Forward Air Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-115.89	-816.97	167.35	193.19	105.86	23.73
Depreciation & Amortization	146.19	140.6	54.5	39.99	32.57	35.07
Other Amortization	3.38	3.38	2.91	2.56	2.39	2.05
Asset Writedown & Restructuring Costs	-79.07	1,028	-	-	-	-
Stock-Based Compensation	13.15	10.19	11.5	10.66	10.5	11.03
Other Operating Activities	63.14	-422.83	-129.53	-1.24	8.49	35.52
Change in Accounts Receivable	27.71	9.55	30.56	-2.59	-42.46	-25.74
Change in Accounts Payable	-25.51	-15.92	36.66	12.77	18.25	23.85
Change in Other Net Operating Assets	10.76	-5.41	25.28	-5.18	-15	-9.42
Operating Cash Flow	43.49	-75.4	181.39	259.09	120.26	84.67
Operating Cash Flow Growth	-	-	-29.99%	115.44%	42.04%	-46.75%
Capital Expenditures	-28.02	-37.06	-30.73	-39.25	-38.38	-20.27
Sale of Property, Plant & Equipment	4.43	5.14	3.74	2.37	2.64	2.41
Cash Acquisitions	-10.98	-1,576	-56.7	-66.11	-59.87	-63.65
Other Investing Activities	-0.13	-0.44	258.53	-1.48	7.29	-1.2
Investing Cash Flow	-34.68	-1,609	174.84	-104.46	-88.31	-82.71
Long-Term Debt Issued	-	75	1,861	-	195	65
Long-Term Debt Repaid	-	-173.43	-188	-55.11	-152.42	-21.45
Net Debt Issued (Repaid)	-16.07	-98.43	1,673	-55.11	42.58	43.55
Issuance of Common Stock	0.83	0.75	0.8	0.99	4.62	4.9
Repurchase of Common Stock	-0.92	-1.44	-98.15	-66.1	-52.1	-48.76
Common Dividends Paid	-	-	-25	-25.87	-22.98	-20.87
Other Financing Activities	8.12	-64.72	-0.13	-0.04	-7	-5.28
Financing Cash Flow	-8.04	-163.83	1,550	-146.12	-34.89	-26.45
Foreign Exchange Rate Adjustments	1.43	1.01	-	-	-	-
Net Cash Flow	2.2	-1,847	1,906	8.51	-2.94	-24.5
Free Cash Flow	15.48	-112.46	150.66	219.84	81.89	64.4
Free Cash Flow Growth	-	-	-31.47%	168.47%	27.16%	-52.99%
Free Cash Flow Margin	0.62%	-4.54%	10.99%	13.09%	5.90%	5.07%
Free Cash Flow Per Share	0.51	-4.08	5.79	8.16	3.00	2.33
Cash Interest Paid	164	164	11.92	5.36	4.2	4.58
Cash Income Tax Paid	38.76	38.76	20.84	65.39	35.77	13.46
Levered Free Cash Flow	60.64	-23.79	205.23	159.24	41.35	63.45
Unlevered Free Cash Flow	175.68	94.47	224.96	162.45	44.07	66.3
Change in Working Capital	12.96	-11.78	92.49	5	-39.21	-11.31

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q