Forward Industries Inc (FWDI) FinancialsFWDIForward Industries Inc

Evaluating the bottom line, Forward Industries Inc maintains a gross margin of 72.22%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 25.08%, while the net margin is -2075.64%. These profitability ratios, combined with a Return on Equity (ROE) of -466.19%, provide a clear picture of how effectively FWDI converts its operational activities into shareholder value.

In the context of the broader market, FWDI competes directly with industry leaders such as AEXA and FAC. With a market capitalization of $563.77M, it holds a leading position in the sector. When comparing efficiency, FWDI's gross margin of 72.22% stands against AEXA's N/A and FAC's N/A. Such benchmarking helps identify whether Forward Industries Inc is trading at a premium or discount relative to its financial performance.

Forward Industries has shown significant revenue fluctuations, with Q1 2026 revenue at $21,435,250, but net income remains negative, with a loss of $58,565,086. The gross margin has been strong in recent quarters, reaching 78.61% in Q1 2026, but overall profitability is under pressure.