Forward Industries, Inc. (FWDI) EBITDA Margin (2011 - 2025)
Forward Industries (FWDI) reported EBITDA Margin of -2722.68% for fiscal Q1 2026 (quarter ended Dec 31, 2025), down 2705.07 percentage points from -17.61% a year earlier and down 2684.55 percentage points from the prior quarter.
Forward Industries, Inc. (FWDI) EBITDA Margin (2011 - 2025) Analysis & Trends
Over the twelve months ended Dec 31, 2025, Forward Industries' EBITDA Margin came in at -1688.25%, down 1676.18 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was -44.32%, down 35.22 percentage points from FY2024.
- EBITDA Margin has declined for three consecutive fiscal years, with a five-year change of -39.36 percentage points (FY2020 to FY2025).
- By fiscal year, EBITDA Margin came in at -9.10% in FY2024 (-10.40 pp), 1.30% in FY2023 (-1.05 pp), 2.35% in FY2022 (+3.47 pp) and -1.12% in FY2021 (+3.84 pp).
- The fiscal Q1 2026 figure ranks as the lowest quarterly EBITDA Margin in data going back to fiscal Q4 2011.
- Year over year, EBITDA Margin has now declined in each of the last ten quarters, with an average year-over-year change of -364.72 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was fiscal Q4 2022 (a gain of 20.13 percentage points); the low point was fiscal Q1 2026 (a drop of 2705.07 percentage points).
- Per Business Quant data, the three fiscal quarters before Q1 2026 came in at -38.14% (Q4 2025), -99.28% (Q3 2025) and -55.69% (Q2 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -2,722.68% |
| Sep 30, 2025 | -38.14% |
| Jun 30, 2025 | -99.28% |
| Mar 31, 2025 | -55.69% |
| Dec 31, 2024 | -17.61% |
| Sep 30, 2024 | -13.14% |
| Jun 30, 2024 | -7.48% |
| Mar 31, 2024 | -10.58% |
| Dec 31, 2023 | -4.18% |
| Sep 30, 2023 | 3.68% |
| Jun 30, 2023 | 2.61% |
| Mar 31, 2023 | -0.14% |
| Dec 31, 2022 | -0.52% |
| Sep 30, 2022 | 20.36% |
| Jun 30, 2022 | -2.92% |
| Mar 31, 2022 | -2.32% |
| Dec 31, 2021 | 2.48% |
| Sep 30, 2021 | 0.23% |
| Jun 30, 2021 | 3.50% |
| Mar 31, 2021 | -8.79% |
Forward Industries, Inc. EBITDA Margin 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=ebitda-margin&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();