Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
22.01
+0.07 (0.32%)
At close: Mar 9, 2026, 4:00 PM EDT
22.03
+0.02 (0.09%)
After-hours: Mar 9, 2026, 4:10 PM EDT

Forward Air Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
-141.73-1,12542.8179.41106.88
Depreciation & Amortization
152.64143.9857.4142.5534.97
Stock-Based Compensation
13.4310.1911.510.6610.5
Other Adjustments
23.57913.44-4.9812.547.47
Change in Receivables
-18.019.5530.56-2.59-42.46
Changes in Accounts Payable
46.26-15.9236.6612.7718.25
Changes in Other Operating Activities
-31.79-11.87.453.75-15.35
Operating Cash Flow
44.38-69.02199.21250.16120.61
Operating Cash Flow Growth
---20.37%107.42%25.50%
Capital Expenditures
-29.12-37.06-30.73-39.25-38.38
Sale of Property, Plant & Equipment
2.25.143.742.372.64
Payments for Business Acquisitions
--1,576-56.7-66.11-59.87
Other Investing Activities
--0.44258.53-1.487.29
Investing Cash Flow
-26.91-1,609-83.69-102.99-95.6
Short-Term Debt Issued
1107570-195
Short-Term Debt Repaid
-110-155-178.5-49-150
Net Short-Term Debt Issued (Repaid)
--80-108.5-4945
Long-Term Debt Issued
--1,791--
Long-Term Debt Repaid
-17.31-18.43-9.5-6.11-2.42
Net Long-Term Debt Issued (Repaid)
-17.31-18.431,781-6.11-2.42
Issuance of Common Stock
0.850.750.80.994.62
Repurchase of Common Stock
-1.07-1.44-98.15-66.1-52.1
Net Common Stock Issued (Repurchased)
-0.23-0.69-97.35-65.11-47.49
Common Dividends Paid
---25-25.87-22.98
Other Financing Activities
--64.72-0.13-0.04-7
Financing Cash Flow
-17.53-163.831,791-138.67-27.95
Effect of Exchange Rate Changes on Cash and Cash Equivalents
0.791.01---
Net Cash Flow
0.73-1,8401,9068.51-2.94
Free Cash Flow
15.27-106.08168.49210.9182.23
Free Cash Flow Growth
---20.11%156.48%8.43%
FCF Margin
0.61%-4.29%12.29%12.56%5.93%
Free Cash Flow Per Share
--3.856.487.833.01
Levered Free Cash Flow
12.9-836.191,911157.89147.93
Unlevered Free Cash Flow
173.07-877.43137.45203.03109.62
Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q