Forward Industries (FWDI) FCF Margin (2011 - 2025)
Forward Industries (FWDI) posted FCF Margin of 36.99% for Q4 2025, down 8.9% sequentially from 33.97% in Q3 2025, and down 2923.0% YoY from 1.31% in Q4 2024.
Forward Industries (FWDI) FCF Margin (2011 - 2025) Analysis & Trends
Forward Industries has reported FCF Margin for 12 years, with the latest figure at 36.99% in Q4 2025.
- Quarterly FCF Margin fell 2923.0% year-over-year to 36.99% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 35.7% (down 3570.0% YoY) and the FY2025 annual result came in at 27.07%, down 2935.0% from the prior year.
- FCF Margin retreated to 36.99% in Q4 2025 per FWDI's latest filing, from 33.97% in the prior quarter.
- Over five years, FCF Margin peaked at 40.37% in Q3 2024 and troughed at 49.96% in Q2 2025.
- A 5-year average of 5.62% and a median of 0.71% in 2021 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2024 and 2025: FCF Margin jumped 3488 bps in 2024, then sank 7434 bps in 2025.
- Over 5 years, FCF Margin stood at 9.23% in 2021, then plunged by 122 bps to 1.99% in 2022, then soared by 168 bps to 1.35% in 2023, then tumbled by 676 bps to 7.76% in 2024, then plunged by 377 bps to 36.99% in 2025.
- According to Business Quant data, FCF Margin over the past three periods registered 36.99%, 33.97%, and 49.96% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 60.63 Bn | 51.60 Bn | 5.39 Bn | 9.30% |
| 2 | Deckers Outdoor | 13.33 Bn | 11.43 Bn | - | - |
| 3 | Birkenstock Holding | 7.60 Bn | 6.80 Bn | 493.89 Mn | 14.37% |
| 4 | Crocs | 6.44 Bn | 6.27 Bn | 700.71 Mn | 28.06% |
| 5 | Steven Madden | 3.37 Bn | 3.28 Bn | 309.66 Mn | 29.45% |
| 6 | Wolverine World Wide | 1.62 Bn | 1.46 Bn | 235.30 Mn | - |
| 7 | Weyco | 425.23 Mn | 329.76 Mn | 43.78 Mn | - |
| 8 | Forward Industries | 355.01 Mn | 355.01 Mn | - | - |
| 9 | Rocky Brands | 354.31 Mn | 351.69 Mn | 60.80 Mn | 3.50% |
| 10 | Designer Brands | 311.24 Mn | 261.14 Mn | 315.32 Mn | -4.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -36.99% |
| Sep 30, 2025 | -33.97% |
| Jun 30, 2025 | -49.96% |
| Mar 31, 2025 | -19.85% |
| Dec 31, 2024 | -7.76% |
| Sep 30, 2024 | 40.37% |
| Jun 30, 2024 | -20.56% |
| Mar 31, 2024 | -10.27% |
| Dec 31, 2023 | 1.35% |
| Sep 30, 2023 | 5.49% |
| Jun 30, 2023 | 6.49% |
| Mar 31, 2023 | 0.76% |
| Dec 31, 2022 | -1.99% |
| Sep 30, 2022 | 6.11% |
| Jun 30, 2022 | 7.43% |
| Mar 31, 2022 | -8.15% |
| Dec 31, 2021 | 9.23% |
| Sep 30, 2021 | -1.80% |
| Jun 30, 2021 | 0.37% |
| Mar 31, 2021 | 1.26% |