FWRD NASDAQ
Forward Air Corporation
1W: -11.2%
1M: -63.3%
3M: -70.0%
YTD: -66.8%
1Y: -53.7%
3Y: -91.2%
5Y: -91.2%
$8.80
+0.45 (+5.39%)
Weekly Expected Move ±26.4%
$4
$6
$9
$11
$13
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Income Statement
Cash Flow
Balance Sheet
Earnings
Dividends
Analysis
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Cash Flow Trends
Operating Cash Flow
$44M
+158.9% ▲
5Y CAGR: -12.1%
Capital Expenditures
$29M
+21.4% ▲
5Y CAGR: +7.5%
Free Cash Flow
$15M
+113.6% ▲
5Y CAGR: -25.0%
Dividends Paid
$0
+0.0% ▲
Buybacks
$846K
+12.4% ▲
Net Change in Cash
$730K
+100.0% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $116M | $193M | $43M | -$1.1B | -$108M |
| Depreciation & Amort. | $40M | $47M | $57M | $144M | $153M |
| Stock-Based Comp. | $10M | $11M | $11M | $10M | $13M |
| Change in Working Capital | -$52M | -$11M | $92M | -$12M | -$4M |
| Other Non-Cash Items | $4M | $12M | -$14M | $1.0B | $589K |
| Operating Cash Flow | $120M | $259M | $181M | -$75M | $44M |
| — Investing Activities — | |||||
| Capital Expenditures | -$39M | -$41M | -$31M | -$37M | -$29M |
| Acquisitions (Net) | -$60M | -$66M | -$53M | -$1.6B | $2M |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | $11M | $2M | $259M | $5M | $0 |
| Investing Cash Flow | -$88M | -$104M | $175M | -$1.6B | -$27M |
| — Financing Activities — | |||||
| Net Debt Issuance | $43M | -$55M | $1.7B | -$98M | -$17M |
| Stock Repurchased | -$49M | -$63M | -$94M | $753K | $846K |
| Dividends Paid | -$23M | -$26M | -$25M | $0 | $0 |
| Other Financing | -$5M | -$2M | -$4M | -$66M | -$1M |
| Financing Cash Flow | -$35M | -$146M | $1.6B | -$164M | -$18M |
| Net Change in Cash | -$3M | $9M | $1.9B | -$1.8B | $730K |
| Cash End of Period | $37M | $46M | $2.0B | $105M | $106M |
| Free Cash Flow | $81M | $218M | $151M | -$112M | $15M |