Skip to content
OpenCapital
Get started

Forward Air FWRD Free cash flow yield

Free cash flow yield at other companies

Old Dominion Freight Line logo
Old Dominion Freight LineODFL
2.5%+0.1pp
C.H. Robinson Worldwide logo
C.H. Robinson WorldwideCHRW
4.4%-0.8pp
FedEx logo
FedExFDX
5.2%-0.5pp
United Parcel Service, Inc. logo
United Parcel Service, Inc.UPS
5.8%+1.4pp
XPO
XPOXPO
2%—
RXO logo
RXORXO
-2.2%—

Other financials

Income statement

See full
Revenue$582.0M-5.1%
Operating income$20.4M+329%
Net income-$34.3M+32.2%
EPS (diluted)-$1.09+35.1%

Balance sheet

See full
Cash & equivalents$141.0M+20.9%
Total debt$2.2B-0.1%
Total equity$81.0M-47.6%
Total assets$2.7B-3.9%

Cash flow

See full
Operating cash flow$45.7M+65.6%
CapEx$6.9M-41.7%
Free cash flow$38.8M+147%

Valuation

See full
Market cap$451.92M-33.0%
Enterprise value$2.46B-9.2%
P/S0.2×-0.1×

Profitability

See full
Gross margin48.7%—
Operating margin2.2%+1.1pp
Net margin-3.7%-1.7pp
FCF margin0.6%+0.3pp

Returns & leverage

See full
Return on equity-77.6%-25.2pp
Debt / equity26.5×+12.6×
Current ratio1.2×+0.1×

Where this comes from

Calculated from Forward Air’s reported figures.

free cash flow/market cap=2%

Based on trailing twelve months.

The official record: Forward Air’s 10-Q, filed November 5, 2025, on SEC EDGAR. View the filing →

Ask your AI about Forward Air's free cash flow yield.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Forward Air's free cash flow yield?
Forward Air (FWRD) reported free cash flow yield of 2% in Q3 2025.
How has Forward Air's free cash flow yield changed year-over-year?
Forward Air's free cash flow yield increased by 117.6% year-over-year, from -11.4% to 2%.
What is the long-term trend for Forward Air's free cash flow yield?
Over 4 years (2020 to 2024), Forward Air's free cash flow yield has grown at a 50.1% compound annual growth rate (CAGR), from 3.7% to -18.6%.
What does free cash flow yield mean?
Trailing-twelve-month free cash flow divided by market capitalization at the quarter end. The cash return the business generates relative to its market price.