Forward Industries (FWDI) Enterprise Value (2010 - 2025)
Forward Industries' Enterprise Value came in at $535.96 million for fiscal Q1 2026 (quarter ended Dec 31, 2025), compared with $3.11 million a year earlier and up 295.6% from the prior quarter.
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Analysis
Forward Industries (FWDI) Enterprise Value (2010 - 2025) Analysis & Trends
Over the trailing twelve months to Dec 31, 2025, Forward Industries reported Enterprise Value of $494.73 million; for FY2025 (ended Sep 30, 2025), it came in at $135.48 million.
- Enterprise Value carries a five-year compound annual growth rate of 65.8% (FY2020 to FY2025).
- Going back by fiscal year, Enterprise Value was $1.33 million in FY2024 (-72.4%), $4.82 million in FY2023 (-55.4%), $10.81 million in FY2022 (-52.3%) and $22.64 million in FY2021 (+109.3%).
- The fiscal Q1 2026 figure represents the highest quarterly Enterprise Value in data going back to fiscal Q3 2010.
- Year-over-year, Enterprise Value increased in 1 of the last six quarters, with an average decline of 27.0%.
- The fastest year-over-year change in Enterprise Value over five years came in fiscal Q3 2021 (growth of 199.6%), and the weakest in fiscal Q4 2024 (a decline of 72.4%).
- Business Quant data shows FWDI's Enterprise Value at $135.48 million (Q4 2025), $5.31 million (Q3 2025) and $2.77 million (Q2 2025) in the three fiscal quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 52.03 Bn | 38.53 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 31.75 Bn | 24.91 Bn | 1.83 Bn |
| 3 | Wipro | 21.48 Bn | 16.18 Bn | 738.00 Mn |
| 4 | Cdw | 19.70 Bn | 17.69 Bn | 1.32 Bn |
| 5 | Td Synnex | 19.65 Bn | 13.81 Bn | 1.43 Bn |
| 6 | Cgi | 17.59 Bn | 15.39 Bn | - |
| 7 | Arrow Electronics | 11.05 Bn | 10.00 Bn | 1.13 Bn |
| 8 | Avnet | 7.49 Bn | 6.67 Bn | 865.03 Mn |
| 9 | EPAM Systems | 6.82 Bn | 2.46 Bn | 429.57 Mn |
| 10 | Forward Industries | 608.16 Mn | 608.16 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 535.96 Mn |
| Sep 30, 2025 | 135.48 Mn |
| Jun 30, 2025 | 5.31 Mn |
| Mar 31, 2025 | 2.77 Mn |
| Dec 31, 2024 | 3.11 Mn |
| Sep 30, 2024 | 1.33 Mn |
| Jun 30, 2024 | 2.92 Mn |
| Mar 31, 2024 | 4.09 Mn |
| Dec 31, 2023 | 4.32 Mn |
| Sep 30, 2023 | 4.82 Mn |
| Jun 30, 2023 | 6.84 Mn |
| Mar 31, 2023 | 8.91 Mn |
| Dec 31, 2022 | 8.43 Mn |
| Sep 30, 2022 | 10.81 Mn |
| Jun 30, 2022 | 12.51 Mn |
| Mar 31, 2022 | 15.76 Mn |
| Dec 31, 2021 | 13.26 Mn |
| Sep 30, 2021 | 22.64 Mn |
| Jun 30, 2021 | 28.09 Mn |
| Mar 31, 2021 | 26.84 Mn |
API Access
Forward Industries Enterprise Value 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=enterprise-value&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();