Forward Industries (FWDI) EBT Margin (2010 - 2026)
Forward Industries' EBT Margin was -2719.65% in fiscal Q1 2026 (quarter ended Dec 31, 2025), down 2700.23 percentage points from -19.41% a year earlier and down 656.26 percentage points from the prior quarter.
Forward Industries (FWDI) EBT Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Forward Industries' EBT Margin was -2146.20% through Dec 31, 2025, down 2132.46 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at -929.59%, down 918.86 percentage points from FY2024.
- EBT Margin has now declined for four consecutive fiscal years, with a five-year change of -924.46 percentage points (FY2020 to FY2025).
- In earlier fiscal years, EBT Margin was -10.72% in FY2024 (-11.21 pp), 0.49% in FY2023 (-0.70 pp), 1.18% in FY2022 (-0.16 pp) and 1.34% in FY2021 (+6.46 pp).
- The fiscal Q1 2026 figure marks the lowest quarterly EBT Margin in data going back to fiscal Q3 2010.
- Compared with a year earlier, EBT Margin has declined for ten straight quarters, with an average year-over-year change of -616.97 percentage points over the last eight quarters.
- The best year-over-year quarter for EBT Margin over five years was fiscal Q4 2022 (a gain of 19.18 percentage points); the worst was fiscal Q1 2026 (a drop of 2700.23 percentage points).
- Per Business Quant data, FWDI's EBT Margin in the three fiscal quarters before Q1 2026 was -2063.39% (Q4 2025), -96.38% (Q3 2025) and -58.35% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | 42.20 Bn | - | - |
| 2 | Cognizant Technology Solutions | 28.52 Bn | 22.49 Bn | 1.91 Bn | 15.24% |
| 3 | Cdw | 20.95 Bn | 17.85 Bn | 1.39 Bn | 6.28% |
| 4 | Td Synnex | 18.62 Bn | 12.78 Bn | 1.43 Bn | 2.58% |
| 5 | Arrow Electronics | 10.10 Bn | 9.05 Bn | 1.13 Bn | 3.53% |
| 6 | EPAM Systems | 7.92 Bn | 3.84 Bn | 445.94 Mn | 12.36% |
| 7 | Avnet | 7.12 Bn | 6.30 Bn | 865.03 Mn | 1.93% |
| 8 | ExlService Holdings | 6.52 Bn | 5.32 Bn | 241.14 Mn | 13.67% |
| 9 | Science Applications International | 6.35 Bn | 5.89 Bn | 239.00 Mn | 6.33% |
| 10 | Forward Industries | 461.21 Mn | 461.21 Mn | - | - |
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -2,190.84% |
| Dec 31, 2025 | -2,719.65% |
| Sep 30, 2025 | -2,063.39% |
| Jun 30, 2025 | -96.38% |
| Mar 31, 2025 | -58.35% |
| Dec 31, 2024 | -19.41% |
| Sep 30, 2024 | -14.68% |
| Jun 30, 2024 | -9.03% |
| Mar 31, 2024 | -12.37% |
| Dec 31, 2023 | -5.33% |
| Sep 30, 2023 | 3.00% |
| Jun 30, 2023 | 1.54% |
| Mar 31, 2023 | -1.22% |
| Dec 31, 2022 | -0.94% |
| Sep 30, 2022 | 18.41% |
| Jun 30, 2022 | -3.96% |
| Mar 31, 2022 | -3.45% |
| Dec 31, 2021 | 1.55% |
| Sep 30, 2021 | -0.77% |
| Jun 30, 2021 | 2.44% |
Forward Industries EBT 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=ebt-margin&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();