Company / Operating Cash Flow
Forward Air Corp. Operating Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Cash Flow
$44.4M
FY2025
5-year range
-$69.0M / $199.2M
FY2021-FY2025
Trend
+164.3%
vs FY2024
Sector context
#298 of 357
Industrials
What the data says
Forward Air Corp.'s operating cash flow of $44M is lower than 83% of companies in the Industrials sector (FY2025). Operating Cash Flow has fluctuated over the past 10 years, ranging from -$69M in FY2024 to $199M in FY2023.
Based on SEC 10-K filings.
$44M in FY2025 with a 5-year CAGR of -14.3%.
Declined from $199M to $44M over the past 2 years.
Industrials sector context is included.
Operating Cash Flow over time
Growth rates
- 3-Year CAGR
- -22.7%
- 5-Year CAGR
- -14.3%
- 10-Year CAGR
- -
Sector benchmark
Bottom 17% in IndustrialsTop 83% of 357This company $44.4M Sector average $943.1M
▼
-95.3% below sector average
Key checks
Key Insights
- 5-year CAGR of -14.3%, indicating a declining trend.
- In FY2025, operating cash flow increased 164.3% year-over-year.
- Ranks #298 out of 357 companies in the Industrials sector.
- Peak operating cash flow 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 | Operating Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $44.4M | +164.3% |
| FY2024 | -$69.0M | -134.6% |
| FY2023 | $199.2M | +107.3% |
| FY2022 | $96.1M | -20.3% |
| FY2021 | $120.6M | +25.5% |
| FY2020 | $96.1M | -39.6% |
| FY2019 | $159.0M | +4.2% |
| FY2018 | $152.6M | +47.6% |
| FY2017 | $103.4M | -20.7% |
| FY2016 | $130.4M | +52.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026