Forward Air price to free cash flow FWRD

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026: 10.7×
10-year median: 17.8×
Against its 10-year history: 13th; percentile: 0 is its lowest day, 100 its highest
10-year range: 2.4× to 119×
Peer median: 13.9×

Forward Air's price to free cash flow is 10.7× as of Oct 23, 2026.

That is below its ten-year median of 17.8×, lower than on 87% of days in the last ten years.

Over that time it ranged from 2.4× in May 2024 to 119× in Aug 2025.

The median for 3 freight and logistics stocks of a similar size is 13.9×.

Price to free cash flow over time

median 17.8×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	10.7×	7.2×	58.9×
2025	50.3×	40.2×	119×
2024	11.0×	2.4×	13.1×
2023	8.8×	7.0×	15.2×
2022	14.1×	14.1×	43.2×
2021	45.6×	18.9×	46.8×
2020	20.3×	9.3×	20.6×
2019	16.1×	14.2×	23.6×
2018	19.9×	18.9×	31.3×
2017	19.8×	15.9×	21.1×
2016	20.0×	14.8×	31.9×
2015	21.1×	20.8×	33.6×
2014	27.4×	24.0×	32.1×
2013	27.5×	21.7×	27.5×
2012	21.9×	16.6×	23.3×
2011	19.3×	15.6×	24.9×

Against its peers

Companies in Integrated Freight & Logistics nearest Forward Air's size, closest first, today.

Company	Price to free cash flow
FWRDForward Air	10.7×
RLGTRadiant Logistics	31.0×
HUBGHub	13.9×
BCOBrinks	11.6×
Peer median	13.9×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Forward Air

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.