Company / Capital Expenditures
Forward Air Corp. Capital Expenditures History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Capital Expenditures
$29.1M
FY2025
5-year range
$20.3M / $38.4M
FY2021-FY2025
Trend
-21.4%
vs FY2024
Sector context
#251 of 336
Industrials
What the data says
Forward Air Corp.'s capital expenditures of $29M is lower than 75% of companies in the Industrials sector (FY2025). Capital Expenditures has fluctuated over the past 10 years, ranging from $20M in FY2022 to $42M in FY2016.
Based on SEC 10-K filings.
$29M in FY2025 with a 5-year CAGR of +7.5%.
Declined from $31M to $29M over the past 2 years.
Industrials sector context is included.
Capital Expenditures over time
Growth rates
- 3-Year CAGR
- +12.8%
- 5-Year CAGR
- +7.5%
- 10-Year CAGR
- -
Sector benchmark
Bottom 25% in IndustrialsTop 75% of 336This company $29.1M Sector average $298.9M
▼
-90.3% below sector average
Key checks
Key Insights
- 5-year CAGR of +7.5%, indicating consistent growth.
- In FY2025, capital expenditures decreased 21.4% year-over-year.
- Ranks #251 out of 336 companies in the Industrials sector.
- Peak capital expenditures was recorded in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.86 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Capital ExpendituresValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $29.1M | -21.4% |
| FY2024 | $37.1M | +20.6% |
| FY2023 | $30.7M | +51.6% |
| FY2022 | $20.3M | -47.2% |
| FY2021 | $38.4M | +89.3% |
| FY2020 | $20.3M | -7.9% |
| FY2019 | $22.0M | -44.4% |
| FY2018 | $39.6M | +3.4% |
| FY2017 | $38.3M | -9.3% |
| FY2016 | $42.2M | +4.2% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026