Company / FCF Margin
Forward Air Corp. FCF Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
0.6%
FY2025
5-year range
-4.3% / 12.3%
FY2021-FY2025
Trend
+114.2%
vs FY2024
Sector context
#258 of 314
Industrials
What the data says
Forward Air Corp.'s fcf margin of 0.6% is lower than 82% of companies in the Industrials sector (FY2025). FCF Margin has fluctuated over the past 10 years, ranging from -4.3% in FY2024 to 12.3% in FY2023.
Based on SEC 10-K filings.
0.6% in FY2025 with a 5-year CAGR of -5.4%.
Declined from 12.3% to 0.6% over the past 2 years.
Industrials sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- -5.4pp
- 5-Year Change
- -5.4pp
- 10-Year Change
- -
Sector benchmark
Bottom 18% in IndustrialsTop 82% of 314This company 0.6% Sector average -578.0%
▼
+100.1% above sector average
Key checks
Key Insights
- In FY2025, fcf margin increased 114.2% year-over-year.
- Currently 578.6pp above the Industrials sector average.
- Peak fcf margin was recorded in FY2023.
- Lowest fcf margin in the period was in FY2024.
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 | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 0.6% | +114.2% |
| FY2024 | -4.3% | -134.9% |
| FY2023 | 12.3% | +105.9% |
| FY2022 | 6.0% | +0.7% |
| FY2021 | 5.9% | -0.7% |
| FY2020 | 6.0% | -47.0% |
| FY2019 | 11.3% | +13.5% |
| FY2018 | 9.9% | +78.3% |
| FY2017 | 5.6% | -34.9% |
| FY2016 | 8.6% | +81.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026