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Forward Air FWRD Operating Cash Flow

Operating Cash Flow at other companies

Old Dominion Freight LineODFL

$373.63M+11.0%

C.H. Robinson WorldwideCHRW

$68.6M-35.6%

FedExFDX

$3.27B+29.6%

United Parcel Service, Inc.UPS

$2.22B-4.1%

XPO

XPOXPO

$183M+28.9%

RXORXO

-$7M-250%

Other financials

Income statement

Revenue$582.0M-5.1%

Operating income$20.4M+329%

Net income-$34.3M+32.2%

EPS (diluted)-$1.09+35.1%

Balance sheet

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

CapEx$6.9M-41.7%

Free cash flow$38.8M+147%

Valuation

Market cap$451.92M-33.0%

Enterprise value$2.46B-9.2%

P/S0.2×-0.1×

Profitability

Gross margin48.7%—

Operating margin2.2%+1.1pp

Net margin-3.7%-1.7pp

FCF margin0.6%+0.3pp

Returns & leverage

Return on equity-77.6%-25.2pp

Debt / equity26.5×+12.6×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by Forward Air in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities.

The official record: Forward Air’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Forward Air's operating cash flow?: Forward Air (FWRD) reported operating cash flow of $45.74M in Q1 2026.
How has Forward Air's operating cash flow changed year-over-year?: Forward Air's operating cash flow increased by 65.6% year-over-year, from $27.62M to $45.74M.
What is the long-term trend for Forward Air's operating cash flow?: Over 3 years (2021 to 2024), Forward Air's operating cash flow has grown at a 4.4% compound annual growth rate (CAGR), from $120.61M to -$137.42M.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.