NASDAQ:FWRD | Free Cash Flow | FORWARD AIR CORP

Free cash flow is operating cash flow less capital expenditure. FCF / net income requires positive matching-period earnings.

Available history
2008-12-31 to 2026-03-31
Data captured

Historical Free Cash Flow

DateOperating cash flowCapital expenditureFree cash flowFCF / net income
2026-03-31$45.74M$6.95M$38.79M
2025-12-31-$22.73M$8.35M-$31.08M
2025-03-31$27.62M$11.91M$15.71M
2024-12-31-$23.25M$7.25M-$30.5M
2024-03-31-$51.72M$4.97M-$56.69M
2023-12-31$39.78M$8.65M$31.14M30.60%
2023-09-30$5.84M
2023-06-30$10.79M
2023-03-31$65.99M$6.52M$59.47M163.53%
2022-12-31$53.35M$13.85M$39.49M91.97%
2022-09-30$6.73M
2022-06-30$8.77M
2022-03-31$62.49M$9.91M$52.58M123.17%
2021-12-31$37.86M$15.36M$22.5M55.59%
2021-03-31$16.91M$2.7M$14.22M127.16%
2020-12-31$15.61M$3.83M$11.78M
2020-03-31$29.17M$2.65M$26.52M316.60%
2019-12-31$41.29M-$1.23M$40.06M165.74%
2019-09-30$10.5M
2019-06-30$12.51M
2019-03-31$41.53M$4.09M$37.44M203.38%
2018-12-31$38.71M$5.22M$33.49M120.96%
2018-09-30$16.74M
2018-06-30$11.39M
2018-03-31$40.81M$6.22M$34.59M194.98%
2017-12-31$25.65M$24.66M$998,000.002.88%
2017-09-30$8.95M
2017-06-30$2.01M
2017-03-31$37.06M$2.65M$34.41M235.99%
2016-12-31$35.74M$13.46M$22.28M177.67%
2016-09-30$12.68M
2016-06-30$13.35M
2016-03-31$37.44M$2.69M$34.75M265.31%
2015-12-31$28.41M$21.95M$6.45M27.78%
2015-09-30$6.58M
2015-06-30$6.73M
2015-03-31$7.46M$5.23M$2.23M46.10%
2014-12-31$26.57M$2.39M$24.18M141.86%
2014-09-30$3.68M
2014-06-30$13.87M
2014-03-31$20.03M$19.55M$484,000.004.74%
2013-12-31$30.35M$2.17M$28.18M180.81%
2013-09-30$5.27M
2013-06-30$15.81M
2013-03-31$20.6M$12.18M$8.42M77.59%
2012-12-31$22.91M$854,000.00$22.05M138.17%
2012-09-30$2.18M
2012-06-30$5.22M
2012-03-31$17.96M$13.1M$4.86M47.28%
2011-12-31$22.13M$924,000.00$21.21M146.76%
2011-09-30$4.85M
2011-06-30$8.11M
2011-03-31$15.22M$7.33M$7.89M100.27%
2010-12-31$16.13M$3.26M$12.88M108.95%
2010-09-30$3.15M
2010-03-31$10.19M$5.43M$4.77M139.40%
2009-12-31$19.47M$2.02M$17.45M277.74%

Annual Free Cash Flow

DateOperating cash flowCapital expenditureFree cash flowFCF / net income
2025-12-31$44.38M$29.12M$15.27M
2024-12-31-$69.02M$37.06M-$106.08M
2023-12-31$199.21M$30.73M$168.49M100.68%
2022-12-31$250.16M$39.25M$210.91M109.17%
2021-12-31$120.61M$38.38M$82.23M77.68%
2020-12-31$96.11M$20.27M$75.84M319.54%
2019-12-31$159.02M$22.01M$137.01M157.31%
2018-12-31$152.55M$39.56M$112.99M122.75%
2017-12-31$103.36M$38.27M$65.1M74.61%
2016-12-31$130.35M$42.19M$88.17M320.54%
2015-12-31$85.72M$40.5M$45.23M81.38%
2014-12-31$91.66M$39.49M$52.17M85.29%
2013-12-31$90.84M$35.44M$55.4M101.71%
2012-12-31$68.59M$21.35M$47.23M89.68%
2011-12-31$76.96M$21.22M$55.74M118.10%
2010-12-31$54M$15.15M$38.85M121.26%
2009-12-31$50.18M$20.85M$29.33M299.25%
2008-12-31$59.08M$26.7M$32.38M76.12%