Forward Industries, Inc. (FWDI) FCF Margin (2011 - 2025)
Forward Industries' FCF Margin came in at -36.99% for fiscal Q1 2026 (quarter ended Dec 31, 2025), down 27.48 percentage points from -9.51% a year earlier and down 8.01 percentage points from the prior quarter.
Forward Industries, Inc. (FWDI) FCF Margin (2011 - 2025) Analysis & Trends
Over the trailing twelve months to Dec 31, 2025, Forward Industries reported FCF Margin of -35.47%, down 26.47 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at -27.07%, down 20.99 percentage points from FY2024.
- FCF Margin has declined in each of the last three fiscal years, with a five-year change of -26.11 percentage points (FY2020 to FY2025).
- Going back by fiscal year, FCF Margin was -6.09% in FY2024 (-8.55 pp), 2.47% in FY2023 (-1.11 pp), 3.57% in FY2022 (+5.10 pp) and -1.53% in FY2021 (-0.56 pp).
- The five-year range for quarterly FCF Margin is -65.84% (fiscal Q3 2025) to 9.23% (fiscal Q1 2022).
- Year-over-year, FCF Margin has declined for three consecutive quarters, with an average year-over-year change of -20.39 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q1 2022 (a gain of 14.80 percentage points), and the weakest in fiscal Q3 2025 (a drop of 64.86 percentage points).
- Business Quant data shows FWDI's FCF Margin at -28.98% (Q4 2025), -65.84% (Q3 2025) and -17.26% (Q2 2025) in the three fiscal quarters before Q1 2026.
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -36.99% |
| Sep 30, 2025 | -28.98% |
| Jun 30, 2025 | -65.84% |
| Mar 31, 2025 | -17.26% |
| Dec 31, 2024 | -9.51% |
| Sep 30, 2024 | 5.12% |
| Jun 30, 2024 | -0.98% |
| Mar 31, 2024 | -29.71% |
| Dec 31, 2023 | 1.35% |
| Sep 30, 2023 | 5.41% |
| 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% |
Forward Industries, Inc. FCF 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=fcf-margin&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();