Forward Industries (FWDI) Common Equity (2010 - 2026)
Forward Industries (FWDI) reported Common Equity of $880.86 million for fiscal Q1 2026 (quarter ended Dec 31, 2025), compared with $2.28 million a year earlier and down 40.1% from the prior quarter.
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Analysis
Forward Industries (FWDI) Common Equity (2010 - 2026) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Forward Industries posted Common Equity of $1.47 billion.
- Common Equity has a five-year compound annual growth rate of 195.0% (FY2020 to FY2025).
- By fiscal year, Common Equity came in at $2.97 million in FY2024 (+13.4%), $2.62 million in FY2023 (-58.2%), $6.27 million in FY2022 (-15.8%) and $7.44 million in FY2021 (+13.1%).
- Five-year quarterly Common Equity spans a low of $1.39 million in fiscal Q3 2024 and a high of $1.47 billion in fiscal Q4 2025.
- Year over year, Common Equity gained in three of the last six quarters, with growth averaging 20.3%.
- The high point for year-over-year Common Equity in five years was fiscal Q3 2025 (growth of 141.0%); the low point was fiscal Q3 2024 (a decline of 69.0%).
- Per Business Quant data, the three fiscal quarters before Q1 2026 came in at $1.47 billion (Q4 2025), $3.35 million (Q3 2025) and $3.58 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | 42.20 Bn | - | 9.84 Bn |
| 2 | Cognizant Technology Solutions | 28.52 Bn | 22.49 Bn | 1.91 Bn | 14.73 Bn |
| 3 | Cdw | 20.95 Bn | 17.85 Bn | 1.39 Bn | 2.64 Bn |
| 4 | Td Synnex | 18.62 Bn | 12.78 Bn | 1.43 Bn | 9.30 Bn |
| 5 | Arrow Electronics | 10.10 Bn | 9.05 Bn | 1.13 Bn | 7.08 Bn |
| 6 | EPAM Systems | 7.92 Bn | 3.84 Bn | 445.94 Mn | 3.59 Bn |
| 7 | Avnet | 7.12 Bn | 6.30 Bn | 865.03 Mn | 5.02 Bn |
| 8 | ExlService Holdings | 6.52 Bn | 5.32 Bn | 241.14 Mn | 928.09 Mn |
| 9 | Science Applications International | 6.35 Bn | 5.89 Bn | 239.00 Mn | 1.44 Bn |
| 10 | Forward Industries | 461.21 Mn | 461.21 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 551.46 Mn |
| Dec 31, 2025 | 880.86 Mn |
| Sep 30, 2025 | 1.47 Bn |
| Jun 30, 2025 | 3.35 Mn |
| Mar 31, 2025 | 3.58 Mn |
| Dec 31, 2024 | 2.28 Mn |
| Sep 30, 2024 | 2.97 Mn |
| Jun 30, 2024 | 1.39 Mn |
| Mar 31, 2024 | 1.77 Mn |
| Dec 31, 2023 | 2.31 Mn |
| Sep 30, 2023 | 2.62 Mn |
| Jun 30, 2023 | 4.48 Mn |
| Mar 31, 2023 | 5.00 Mn |
| Dec 31, 2022 | 5.86 Mn |
| Sep 30, 2022 | 6.27 Mn |
| Jun 30, 2022 | 7.00 Mn |
| Mar 31, 2022 | 7.37 Mn |
| Dec 31, 2021 | 7.66 Mn |
| Sep 30, 2021 | 7.44 Mn |
| Jun 30, 2021 | 7.49 Mn |
API Access
Forward Industries Common Equity 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=common-equity&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();