Forward Industries (FWDI) Capital Expenditures (2011 - 2025)
Forward Industries (FWDI) posted Capital Expenditures of -$3.00 for fiscal Q4 2025 (quarter ended Sep 30, 2025), compared with $15,080 a year earlier.
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Analysis
Forward Industries (FWDI) Capital Expenditures (2011 - 2025) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Forward Industries' Capital Expenditures came in at $25,774, down 60.4% from FY2024.
- Annual Capital Expenditures has declined for three consecutive fiscal years, with a five-year compound annual growth rate of -17.7% (FY2020 to FY2025).
- In prior fiscal years, Forward Industries' Capital Expenditures was $65,154 in FY2024 (-52.1%), $136,082 in FY2023 (-19.8%), $169,631 in FY2022 (+152.4%) and $67,207 in FY2021 (-1.8%).
- The fiscal Q4 2025 figure stands as the lowest quarterly Capital Expenditures since fiscal Q2 2013.
- On a year-over-year basis, Capital Expenditures increased in 1 of the last seven quarters, with an average decline of 33.4%.
- The strongest year-over-year quarter for Capital Expenditures in the past five years was fiscal Q2 2022, with growth of 758.2%; the weakest was fiscal Q2 2025, with a decline of 93.3%.
- According to Business Quant data, Capital Expenditures for the three prior fiscal quarters was $18,926 (Q3 2025), $1,433 (Q2 2025) and $5,418 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 99.00 Mn |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | 66.82 Mn |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | 27.50 Mn |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | -20.01 Mn |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | 21.14 Mn |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | 16.76 Mn |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | 32.92 Mn |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | 15.21 Mn |
| 10 | Forward Industries | 576.01 Mn | 576.01 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -3.00 |
| Jun 30, 2025 | 18,926.00 |
| Mar 31, 2025 | 1,433.00 |
| Dec 31, 2024 | 5,418.00 |
| Sep 30, 2024 | 15,080.00 |
| Jun 30, 2024 | 9,216.00 |
| Mar 31, 2024 | 21,344.00 |
| Dec 31, 2023 | 19,514.00 |
| Sep 30, 2023 | 19,560.00 |
| Jun 30, 2023 | 46,705.00 |
| Mar 31, 2023 | 24,706.00 |
| Dec 31, 2022 | 45,111.00 |
| Sep 30, 2022 | 29,289.00 |
| Jun 30, 2022 | 10,842.00 |
| Mar 31, 2022 | 63,476.00 |
| Dec 31, 2021 | 66,024.00 |
| Sep 30, 2021 | 6,041.00 |
| Jun 30, 2021 | 23,288.00 |
| Mar 31, 2021 | 7,396.00 |
| Dec 31, 2020 | 30,482.00 |
API Access
Forward Industries Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "FWDI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();