Company / Cash & Equivalents
Forward Air Corp. Cash & Equivalents History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cash & Equivalents
$106.0M
FY2025
5-year range
$37.3M / $122.0M
FY2021-FY2025
Trend
+1.0%
vs FY2024
Sector context
#234 of 321
Industrials
What the data says
At $106M, Forward Air Corp.'s cash & equivalents ranks #234 of 321 in the Industrials sector. Cash & Equivalents has fluctuated over the past 10 years, ranging from $4M in FY2017 to $122M in FY2023.
Based on SEC 10-K filings.
$106M in FY2025 with a 5-year CAGR of +21.4%.
Declined from $122M to $106M over the past 2 years.
Industrials sector context is included.
Cash & Equivalents over time
Growth rates
- 3-Year CAGR
- +41.6%
- 5-Year CAGR
- +21.4%
- 10-Year CAGR
- -
Sector benchmark
#234 of 321 in IndustrialsTop 73% of 321This company $106.0M Sector average $707.0M
▼
-85.0% below sector average
Key checks
Key Insights
- 5-year CAGR of +21.4%, indicating consistent growth.
- In FY2025, cash & equivalents increased 1.0% year-over-year.
- Ranks #234 out of 321 companies in the Industrials sector.
- Peak cash & equivalents was recorded in FY2023.
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 | Cash & EquivalentsValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $106.0M | +1.0% |
| FY2024 | $104.9M | -14.0% |
| FY2023 | $122.0M | +226.9% |
| FY2022 | $37.3M | +0.0% |
| FY2021 | $37.3M | -7.3% |
| FY2020 | $40.3M | -37.8% |
| FY2019 | $64.7M | +152.4% |
| FY2018 | $25.7M | +559.1% |
| FY2017 | $3.9M | -54.3% |
| FY2016 | $8.5M | -74.5% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026