Finward Bancorp FNWD NASDAQ

Finward Bancorp (FNWD) generated $9.9M in operating cash flow for fiscal year 2025. After capital expenditures of $853K, free cash flow was $7.65M.

Free cash flow margin was 7.6% of revenue. Cash conversion ratio was 1.22x, indicating earnings are backed by cash.

The company returned $1.56M in dividends to shareholders during the period.

Criteria supported by this page:

• HEALTH (67/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (43/100, Fail) — limited free cash flow weakens the competitive position
• INCOME (45/100) — Cash conversion ratio was 1.22x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 67/100 with 3/7 criteria passed.