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Forward AirFWRD -2.56%60 Operating Cash Flow per Share is $2.28 as of Jun. 2026. GuruFocus rates FWRD with a GF Score™ of 60/100 and a GF Value™ of $27.50 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 826 Transportation companies, Forward Air ranks worse than 93.83% on this metric.
Forward Air's operating cash flow per share for the
three
months ended in Jun. 2026 was $-0.15.
Forward Air's operating cash flow per share for the trailing twelve months (TTM) ended in Jun. 2026 was $2.28.
During the past 12 months, the average Operating Cash Flow per Share Growth Rate of Forward Air was 55.80% per year.
During the past 3 years, the average Operating Cash Flow per Share Growth Rate was -46.80% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the OCF Growth Rate using Operating Cash Flow per Share data.
The historical rank and industry rank for Forward Air's Operating Cash Flow per Share or its related term are showing as below:
FWRD'
s 3-Year OCF Growth Rate Range Over the Past 10 Years
Min: -51.7 Med: 8.7 Max: 152.3
Current: -46.8
During the past 13 years, Forward Air's highest 3-Year average Operating Cash Flow per Share Growth Rate was 152.30% per year. The lowest was -51.70% per year. And the median was 8.70% per year.
FWRD's 3-Year OCF Growth Rate is ranked worse than 93.83% of 826
companies
in the Transportation industry
Industry Median: 2.8
vs FWRD: -46.80
Forward Air Operating Cash Flow per Share Related Terms
Forward Air Operating Cash Flow per Share Historical Data
* Premium members only.
The historical data trend for Forward Air's Operating Cash Flow per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FWRD vs SERV, RLGT, CYRX: Operating Cash Flow per Share Comparison
For the Integrated Freight & Logistics subindustry, Forward Air's Price-to-Operating-Cash-Flow, along with its competitors' market caps and Price-to-Operating-Cash-Flow data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Forward Air Price-to-Operating-Cash-Flow vs Transportation Industry
For the Transportation industry and Industrials sector, Forward Air's Price-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Forward Air's Price-to-Operating-Cash-Flow falls into.
Operating Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.28
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Operating Cash Flow per Share of $2.28 mean?
Forward Air (FWRD) has a Operating Cash Flow per Share of $2.28 as of Jun. 2026. Operating cash flow per share equals the per-share amount of cash flow from operations. View historical data on Forward Air and its competitors. According to the industry distribution chart, Forward Air ranks #775 out of 826 companies in the Transportation industry, placing it in the top 93.8%.
Is Forward Air's Operating Cash Flow per Share too high?
Forward Air's current Operating Cash Flow per Share is $2.28. The Transportation industry median Operating Cash Flow per Share is 2.80. Forward Air's value of $2.28 is 18.6% below this industry median. Based on the distribution chart, Forward Air ranks #775 out of 826 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Forward Air has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Air's Operating Cash Flow per Share compare to SERV and RLGT?
According to the Transportation industry distribution chart, Forward Air ranks #775 out of 826 companies for Operating Cash Flow per Share. This places Forward Air in the lower half of its industry. The industry median Operating Cash Flow per Share is 2.80. Forward Air's value of $2.28 is 18.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Cash Flow per Share for a Transportation company?
The median Operating Cash Flow per Share among Transportation companies is 2.80, based on 826 companies in the industry. Companies in the top quartile (top 25%) have a Operating Cash Flow per Share significantly above this median, while those in the bottom quartile fall well below. However, Operating Cash Flow per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forward Air's current Operating Cash Flow per Share of $2.28 is 18.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Cash Flow per Share mean?
A high Operating Cash Flow per Share can signal that a stock is expensive relative to its fundamentals. Operating cash flow per share equals the per-share amount of cash flow from operations. View historical data on Forward Air and its competitors. For the Transportation industry, the median Operating Cash Flow per Share is 2.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Air's current Operating Cash Flow per Share is $2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Air stock overvalued right now?
Based on GuruFocus' analysis, Forward Air (FWRD) is currently considered Possible Value Trap. The stock's GF Value™ is $27.50, compared to a current price of $15.98 — trading 41.9% below its estimated fair value. The current Operating Cash Flow per Share is $2.28 and 18.6% below the Transportation industry median of 2.80. Forward Air's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Cash Flow per Share calculated?
Operating Cash Flow per Share is calculated from a company's financial statements. For Forward Air (FWRD), the current Operating Cash Flow per Share is $2.28 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Forward Air (FWRD) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Air stock appears to be undervalued.
The current stock price of $15.98 is trading 41.9% below its estimated GF Value™ of $27.50.
GuruFocus considers Forward Air to be Possible Value Trap.
Key valuation signals for FWRD:
Operating Cash Flow per Share: $2.28
GF Value™: $27.50 vs. price of $15.98 (41.9% below fair value)
Industry Position: 18.6% below the Transportation median (#775 of 826)
No single metric tells the full story. See the FWRD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate. The company generates maximum revenue from the Omni Logistics segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in North and South America, Europe, and Asia.
60GF Score
Get the complete analysis for FWRD
Operating Cash Flow per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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