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Forward Industries, Inc.

FWDI

$4.33 ▲ +0.16 (+3.84%) at close

17 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Forward Industries, Inc. faces fundamental challenges with weakness in Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $29.4M

Dividend Yield —

Revenue Growth -9.0% ↗

Op. Margin -46.1% ↘

ROIC -0.6% ↗

FCF / Share $-0.67 ↘

Trailing P/E —

Price / Book 0.3x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

17-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$18.19M

↓ -9.0% —

Net Income Profit after all expenses

$-166.97M

↓ -8460.2% —

Operating Margin Operating profit as % of sales

-46.1%

↓ -328.8% 5th

FCF / Share Free cash flow per share

$-0.67

↓ -261.5% —

Long-Term Debt Long-term obligations

$1.51M

— —

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Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns

Financial Health ↓

Cash Quality

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗
Revenue Growth YoY (%)	-9.0% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-250%)	-45.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-859%)	-13.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-322%)	8.5% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+42%)	13.2% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+120%)	-7.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-231%)	8.4% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+41%)	39.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+555%)	-9.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-265%)	-8.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-241%)	-10.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-267%)	7.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+32%)	5.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-15%)	129070.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2151069%)	-99.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1765%)	—	—
EPS Growth YoY (%)	-1289.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	47.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-2321.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	50.0% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	114.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	-91.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-33.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	92.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—
Net Income Growth YoY (%)	-8460.2% Weak ↓ Weak Declining Year-over-year change in net income	47.8% Excellent Excellent Year-over-year change in net income	-171.1% Weak Weak Year-over-year change in net income	N/M	N/M	50.7% Excellent ↓ Excellent Declining Year-over-year change in net income	N/M	138.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-4.5% Weak ↑ Weak Improving Year-over-year change in net income	N/M	-79.3% Weak ↑ Weak Improving Year-over-year change in net income	-286.6% Weak ↓ Weak Declining Year-over-year change in net income	97.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-232.1% Weak Weak Year-over-year change in net income	-72.2% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	-49.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	505.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	N/M	-73.1% Weak Weak Year-over-year change in free cash flow	83.5% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	N/M	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	-24.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-20.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.2% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.2% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	11.7% Good ↑ Good Improving Compound annual revenue growth over 3 years	10.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	4.8% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-9.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-3.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	0.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1035.9% Excellent Excellent Compound annual revenue growth over 3 years	17.6% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	-12.0% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-11.8% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.2% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	11.3% Good ↑ Good Improving Compound annual revenue growth over 5 years	7.3% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	2.8% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	2.3% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	2.2% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	-3.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	313.4% Excellent Excellent Compound annual revenue growth over 5 years	9.6% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	-30.7% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗
Operating Margin (%) (%)	-46.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-285%)	-10.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-143%)	0.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-98%)	-2.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-112%)	-2.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-108%)	-5.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-123%)	-8.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-133%)	0.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	2.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	2.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-91%)	-5.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-120%)	-0.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	2.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-91%)	-11.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-144%)	—	-8.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-133%)	—
Effective Tax Rate (%) (%)	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-118.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	8.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	2.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-7.9% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	—	-9.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-144%)	-10.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-146%)	-3.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-115%)	1.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	-5.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-123%)	-9.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-144%)	4.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	2.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	2.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	-4.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-122%)	-2.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-111%)	-0.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	-32.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-249%)	—	-8.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-140%)	—
FCF Margin (%) (%)	-24.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.2% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-1.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-1.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-5.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-0.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	2.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	-36.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	0.03x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.23x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.24x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.99x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.14x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.19x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.56x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	0.65x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.24x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.19x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—	—	—	1.13x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	0.71x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗
Return on Invested Capital (%)	-0.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-73.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.4% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-19.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-10.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-24.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-40.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	7.5% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	-20.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-1.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	6.9% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-28.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	-8.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-0.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-14.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-5.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-10.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-19.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	4.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.0% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-11.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	4.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-19.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-9.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	-6.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-11.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-195%)	-65.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-648%)	-142.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1290%)	-22.0% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-283%)	7.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-41%)	-27.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-325%)	-46.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-489%)	12.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	6.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-46%)	7.4% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-38%)	-19.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-263%)	-8.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-173%)	-2.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-118%)	-104.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-974%)	—	-7.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-166%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗
Debt to Equity (x)	—	—	—	—	—	0.23x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-81%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.02x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—	—	—	—	—	—
Interest Coverage (x)	-170.78x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-34.33x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.53x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-10.05x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	-4.45x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-11.33x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-15.41x Weak Weak Operating income divided by interest expense Optimal: > 5x	2.26x Caution Caution Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—	—
Net Debt (USD)	—	—	—	—	—	$1.51M	$0.00	$224.38K	$0.00	—	$-4.04M	$-6.48M	$-6.62M	$-4.61M	$-14.91M	$-18.47M	$-20.10M
Debt / EBITDA (x)	—	—	—	—	—	-0.88x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.46x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗
Revenue per Share (USD)	$2.68	$18.16	$33.32	$4.21	$3.92	$3.60	$3.92	$3.72	$2.84	$3.22	$3.60	$4.07	$3.81	$3.63	—	$2.38	—
Basic EPS, GAAP (USD)	$-24.59	$-1.77	$-3.39	$-0.14	$0.05	$-0.19	$-0.38	$0.15	$0.07	$0.07	$-0.23	$-0.12	$-0.09	$-1.19	—	$-0.21	—
Free Cash Flow per Share (USD)	$-0.67	$0.41	$0.82	$0.14	$-0.06	$-0.03	$-0.21	$0.10	$-0.02	$0.08	—	—	—	$-1.34	—	—	—
Book Value per Share (USD)	$17.07	$2.69	$2.38	$0.62	$0.74	$0.67	$0.81	$1.16	$1.00	$0.93	$0.85	$1.09	$1.11	$1.13	—	$2.66	—
Tangible Book Value per Share (USD)	$17.07	$0.66	$-0.03	$0.34	$0.43	$0.33	$0.45	$0.79	$1.00	$0.93	$0.85	$1.09	$1.11	$1.13	—	$2.66	—
Basic Weighted Avg Shares (shares)	6.79M	1.10M	1.10M	10.06M	9.95M	9.58M	9.53M	9.26M	8.73M	8.52M	8.34M	8.19M	8.11M	8.10M	—	7.98M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗
Working Capital (USD)	$38.50M	$277.82K	$534.12K	$4.36M	$5.59M	$3.40M	$3.54M	$7.59M	$8.93M	$8.17M	$7.33M	$10.00M	$10.10M	$9.01M	—	—	—
LT Debt (USD)	—	—	—	—	—	$1.51M	$0.00	$224.38K	$0.00	—	—	—	—	—	—	—	—
Total Equity (USD)	$1.47B	$2.97M	$2.62M	$6.27M	$7.44M	$6.58M	$7.71M	$11.10M	$8.93M	$8.17M	$7.33M	$9.19M	$9.39M	$9.19M	—	$21.21M	$22.52M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Sep 30, 2025 10-K ↗	FY 2024 Sep 30, 2024 10-K ↗	FY 2023 Sep 30, 2023 10-K ↗	FY 2022 Sep 30, 2022 10-K ↗	FY 2021 Sep 30, 2021 10-K ↗	FY 2020 Sep 30, 2020 10-K ↗	FY 2019 Sep 30, 2019 10-K ↗	FY 2018 Sep 30, 2018 10-K ↗	FY 2017 Sep 30, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗
Sales/Revenue/Turnover (USD)	$18.19M	$19.99M	$36.69M	$42.34M	$39.02M	$34.48M	$37.41M	$34.50M	$24.76M	$27.48M	$30.01M	$33.36M	$30.91M	$29.40M	$22.76K	$19.00M	—
Depreciation Expense (USD)	$332.23K	$331.93K	$315.94K	$309.24K	$327.29K	$271.97K	$311.58K	$228.19K	$22.37K	$52.75K	$53.45K	$64.48K	$75.19K	—	$74.31K	$53.60K	—
Net Income, GAAP (USD)	$-166.97M	$-1.95M	$-3.74M	$-1.38M	$523.80K	$-1.78M	$-3.60M	$1.38M	$579.35K	$606.56K	$-1.43M	$-799.91K	$-206.89K	$-9.63M	$-2.90M	$-1.68M	—
Operating Cash Flow (USD)	$-4.50M	$519.77K	$1.04M	$1.53M	$-528.31K	$-262.95K	$-1.97M	$956.49K	$-137.64K	$768.28K	—	—	—	$-10.79M	$-1.79M	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 17 years · 66 quarters

Forward Industries, Inc.

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