Forward Air Corp (FWRD): Operating Cash Flow

Annual figures by period end, from SEC filings.

Restated years: each year's figure is from the latest filing that reports it. The company later restated the year ended 2021-12-31 (for example after a spin-off or a discontinued operation), while the year before it was last reported on the old basis. Changes across those points are marked n/c (not comparable), and growth rates are not computed across them.

$44.38M

Year ended 2025-12-31

$70.84M

Trailing 12 months to 2026-06-30

-43.8%

3-year compound annual growth

2018-12-31 Operating Cash Flow (USD) 2025-12-31

Period ended	Operating Cash Flow	Change YoY	Source filing
2025-12-31	$44.38M	n/m	2026-03-11, From 2025-01-01
2024-12-31	-$69.02M	n/m	2026-03-11, From 2024-01-01
2023-12-31	$199.21M	-20.4%	2026-03-11, From 2023-01-01
2022-12-31	$250.16M	+107.4%	2025-03-24, From 2022-01-01
2021-12-31	$120.61M	n/c	2024-03-15, From 2021-01-01
2020-12-31	$96.11M	-34.0%	2023-03-01, From 2020-01-01
2019-12-31	$145.53M	+2.2%	2022-03-01, From 2019-01-01
2018-12-31	$142.40M	n/a	2021-03-01, From 2018-01-01

Operating Cash Flow at similar companies

Companies with the same SEC industry code (Arrangement of Transportation of Freight & Cargo), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

Company	Year ended	Operating Cash Flow	Change YoY
Forward Air Corp (FWRD)	2025-12-31	$44.38M	n/m
Hub Group, Inc. (HUBG)	2024-12-31	$194.42M	-53.9%
Brink's Co (BCO)	2025-12-31	$639.50M	+50.1%
Radiant Logistics, Inc (RLGT)	2026-06-30	$17.49M	+31.8%
Expeditors International of Washington Inc (EXPD)	2025-12-31	$1.01B	+39.1%
C. H. Robinson Worldwide, Inc. (CHRW)	2025-12-31	$914.52M	+79.6%
PS International Group Ltd. (PSIG)	2025-12-31	-$1.31M	n/m
Eastern International Ltd. (ELOG)	2026-03-31	-$2.58M	n/m
New Century Logistics (BVI) Ltd (NCEW)	2025-09-30	-$3.42M	n/m

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