Forward Air Corp. Cash Flow Statement
FWRD / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Forward Air Corp. generated $44M in operating cash flow and $15M in free cash flow in FY2025. Free cash flow margin was 0.6% of revenue.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -$107.8M | -$817.0M | $167.4M | $193.2M | $105.9M | $23.7M | $87.1M | $92.1M | $87.3M | $27.5M | $55.6M | $61.2M | $54.5M | $52.7M | $47.2M |
| Depreciation & Amortization | $152.6M | $144.0M | $57.4M | $42.6M | $35.0M | $37.1M | $36.4M | $35.8M | $41.1M | $38.2M | $37.2M | $31.1M | $23.6M | $21.0M | $21.0M |
| Operating Cash Flow | $44.4M | -$69.0M | $199.2M | $250.2M | $120.6M | $96.1M | $159.0M | $152.6M | $103.4M | $130.4M | $85.7M | $91.7M | $90.8M | $68.6M | $77.0M |
| Capital Expenditures | $29.1M | $37.1M | $30.7M | $39.3M | $38.4M | $20.3M | $22.0M | $39.6M | $38.3M | $42.2M | $40.5M | $39.5M | $35.4M | $21.4M | $21.2M |
| Free Cash Flow | $15.3M | -$106.1M | $168.5M | $210.9M | $82.2M | $75.8M | $137.0M | $113.0M | $65.1M | $88.2M | $45.2M | $52.2M | $55.4M | $47.2M | $55.7M |
| Share Buybacks | $0 | $0 | $93.8M | $62.8M | $49.0M | $45.2M | $56.2M | $66.1M | $49.0M | $40.0M | $20.0M | $40.0M | $354.0K | $0 | $26.1M |
| Dividends Paid | $0 | $0 | $25.0M | $25.9M | $23.0M | $20.9M | $20.5M | $18.4M | $18.1M | $15.5M | $14.8M | $14.8M | $12.1M | $9.9M | $8.2M |
| FCF Margin | 0.6% | -4.3% | 12.3% | 12.6% | 5.9% | 6.0% | 11.3% | 9.9% | 5.6% | 8.6% | 4.7% | 6.7% | 8.5% | 8.1% | 10.4% |