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Employees: 60
Size Forward Industries (FWDI) is a United States Consumer Discretionary company (Financial Conglomerates) with a market value of $435M, the 2794th largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.70 on 6 Nov 2026.
Performance Over six months the shares gained 19.0%, against -1.9% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 171.6% over the last twelve months (peer median +5.0%); the operating margin is 18.9% (peer median 3.5%).
Valuation It trades at 25.0× forward earnings against a peer median of 13.1× (4th most expensive of 17).
Capital Return on invested capital runs 7.3 points below its cost of capital (8.6% WACC).
Next results Next results expected around 17 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $53.1M | $18.2M | $20.0M | $36.7M | $38.2M |
| Revenue growth | — | -9% | -46% | -4% | — |
| Gross profit | $37.4M | $4.98M | $4.97M | $8.15M | $8.59M |
| EBITDA | $10.2M | -$6.03M | -$1.62M | $475,600 | $897,710 |
| Net income | -$1.10B | -$167M | -$1.95M | -$3.74M | -$1.38M |
| Free cash flow | -$18.4M | -$4.53M | $454,620 | $904,950 | $1.37M |
| Capital expenditure | $386M | $25,774 | $65,154 | $136,082 | $169,631 |
| Total debt | $119M | $2.55M | $3.43M | $4.35M | $5.03M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FWDI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.6% | +3.9% | 2nd lowest of 21 |
| 6-month return | +19.0% | -1.9% | 7th highest of 21 |
| Distance from 52-week high | -49.2% | -18.7% | 4th lowest of 21 |
| Revenue growth (TTM) | +171.6% | +5.0% | highest of 20 |
| Operating margin | 18.9% | 3.5% | 2nd highest of 20 |
| Forward P/E | 25.0× | 13.1× | 4th most expensive of 17 |
| ROIC minus cost of capital | -7.3 pp | -4.2 pp | 4th lowest of 21 |
| EV / EBITDA | 53.1× | 9.1× | most expensive of 15 |
| Net debt / EBITDA | 10.3× | 3.9× | 3rd most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Forward Industries FWDI | United States | $435M | +19% | +172% | 19% | 25.0× | n/a | n/a |
| Barnes & Noble Education BNED | United States | $436M | +20% | +5% | 3% | 13.2× | 7.6% | +3.6% |
| Hamilton Beach Brands HBB | United States | $432M | +54% | -3% | 13% | n/a | n/a | n/a |
| Caleres CAL | United States | $438M | -6% | +7% | 4% | 6.6× | 0.4% | +5.4% |
| Oxford Industries OXM | United States | $440M | -35% | -2% | 3% | 13.0× | 11.6% | +14.6% |
| Magnera MAGN | United States | $442M | +2% | +151% | 4% | 9.8× | 3.4% | +28.1% |
| Carriage Services CSV | United States | $426M | -41% | +1% | 23% | 8.3× | -4.3% | +4.9% |
| El Pollo Loco LOCO | United States | $453M | +6% | +4% | 10% | 14.4× | 3.2% | +2.8% |
| Solid Power SLDP | United States | $453M | -35% | -66% | -1,475% | n/a | n/a | n/a |
| Dine Brands Global DIN | United States | $454M | +26% | +8% | 14% | 7.9× | n/a | n/a |
| FTAI Infrastructure Incorporation FIP | United States | $410M | -29% | +73% | 11% | n/a | n/a | n/a |
| Fossil FOSL | United States | $462M | +76% | -9% | 2% | 48.3× | n/a | n/a |
| BOXABL BXBL | United States | $466M | -81% | n/a | n/a | n/a | n/a | n/a |
| Camping World CWH | United States | $474M | -39% | -6% | 2% | 25.8× | 19.5% | +3.2% |
| Malibu Boats MBUU | United States | $398M | -33% | +13% | 1% | 8.6× | 19.6% | -0.3% |
| Shoe Station SHOE | United States | $395M | -19% | -4% | 3% | 13.2× | 8.0% | +3.1% |
| Haverty Furniture Companies HVT | United States | $391M | +13% | +6% | 4% | 14.0× | 9.8% | +0.3% |
| Genesco GCO | United States | $390M | +3% | +3% | 1% | 11.6× | 14.5% | +6.4% |
| JAKKS Pacific JAKK | United States | $388M | +45% | +9% | 4% | 14.2× | 10.8% | +2.0% |
| Rocky Brands RCKY | United States | $387M | +37% | +11% | 10% | 12.6× | 10.6% | +11.7% |
| Johnson Outdoors JOUT | United States | $490M | -8% | +17% | 3% | 55.0× | 10.1% | -0.1% |