Forward Industries (FWDI) Equity Ratio (2010 - 2025)

Forward Industries' (FWDI) quarterly Equity Ratio came in at 0.99 in Q4 2025, up 483.94% year-on-year from 0.17 in Q4 2024, and down 1.03% quarter-over-quarter from 1.0 in Q3 2025.

Forward Industries (FWDI) Equity Ratio (2010 - 2025) Analysis & Trends

Forward Industries has disclosed Equity Ratio across 13 years of filings, most recently posting 0.99 for Q4 2025.

  • Equity Ratio for Q4 2025 came in at 0.99, up 483.94% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.99 (up 483.94% YoY), and the FY2025 annual result was 1.0, up 396.12% from the prior year.
  • Equity Ratio came in at 0.99 for Q4 2025 at Forward Industries, down from 1.0 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 1.0 in Q3 2025 to a low of 0.09 in Q2 2024.
  • The 5-year median for Equity Ratio is 0.29 (2025), against an average of 0.34.
  • Across the five-year window, Equity Ratio slumped 60.81% in 2024 and surged 483.94% in 2025, its largest moves.
  • Forward Industries' Equity Ratio stood at 0.35 in 2021, then fell by 23.1% to 0.27 in 2022, then sank by 47.22% to 0.14 in 2023, then rose by 19.38% to 0.17 in 2024, then soared by 483.94% to 0.99 in 2025.
  • The last three Equity Ratio figures came in at 0.99 (Q4 2025), 1.0 (Q3 2025), and 0.4 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Birkenstock Holding 98.76 Bn 98.52 Bn 390.51 Mn 0.56
2 Nike 63.56 Bn 55.51 Bn 4.53 Bn 0.38
3 Deckers Outdoor 15.58 Bn 13.49 Bn 1.17 Bn 0.64
4 Crocs 6.00 Bn 5.87 Bn 522.95 Mn 0.33
5 Steven Madden 3.13 Bn 3.09 Bn 357.42 Mn 0.47
6 Wolverine World Wide 1.84 Bn 1.64 Bn 243.40 Mn 0.24
7 On Holding AG 1.61 Bn 220.32 Mn 682.30 Mn -
8 Designer Brands 414.71 Mn 363.84 Mn 302.71 Mn 0.15
9 Forward Industries 365.68 Mn 340.29 Mn 16.85 Mn 0.99
10 Weyco 332.28 Mn 234.85 Mn 33.84 Mn 0.75

Historic Data

Download Data
DateValue
Dec 31, 2025 0.99
Sep 30, 2025 1.00
Jun 30, 2025 0.40
Mar 31, 2025 0.29
Dec 31, 2024 0.17
Sep 30, 2024 0.20
Jun 30, 2024 0.09
Mar 31, 2024 0.12
Dec 31, 2023 0.14
Sep 30, 2023 0.15
Jun 30, 2023 0.23
Mar 31, 2023 0.25
Dec 31, 2022 0.27
Sep 30, 2022 0.30
Jun 30, 2022 0.30
Mar 31, 2022 0.34
Dec 31, 2021 0.35
Sep 30, 2021 0.37
Jun 30, 2021 0.40
Mar 31, 2021 0.42