Forward Industries (FWDI) FCF Margin (2011 - 2025)
Forward Industries' (FWDI) quarterly FCF Margin came in at 36.99% in Q4 2025, down 2748.0% year-on-year from 1.4% in Q4 2024, and down 27.63% quarter-over-quarter from 28.98% in Q3 2025.
Forward Industries (FWDI) FCF Margin (2011 - 2025) Analysis & Trends
Forward Industries has disclosed FCF Margin across 12 years of filings, most recently posting 36.99% for Q4 2025.
- FCF Margin for Q4 2025 came in at 36.99%, down 2748.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 34.34% (down 3392.0% YoY), and the FY2025 annual result was 24.9%, down 2717.0% from the prior year.
- FCF Margin came in at 36.99% for Q4 2025 at Forward Industries, down from 28.98% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 28.06% in Q2 2024 to a low of 49.96% in Q2 2025.
- The 5-year median for FCF Margin is 0.56% (2021), against an average of 5.41%.
- Across the five-year window, FCF Margin surged 2147 bps in 2024 and sank 7802 bps in 2025, its largest moves.
- Forward Industries' FCF Margin stood at 9.23% in 2021, then plunged by 122 bps to 1.99% in 2022, then jumped by 168 bps to 1.35% in 2023, then slumped by 806 bps to 9.51% in 2024, then sank by 289 bps to 36.99% in 2025.
- The last three FCF Margin figures came in at 36.99% (Q4 2025), 28.98% (Q3 2025), and 49.96% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Birkenstock Holding | 98.76 Bn | 98.52 Bn | 390.51 Mn | 8.06% |
| 2 | Nike | 63.56 Bn | 55.51 Bn | 4.53 Bn | 2.52% |
| 3 | Deckers Outdoor | 15.58 Bn | 13.49 Bn | 1.17 Bn | 52.12% |
| 4 | Crocs | 6.00 Bn | 5.87 Bn | 522.95 Mn | -10.74% |
| 5 | Steven Madden | 3.13 Bn | 3.09 Bn | 357.42 Mn | -9.43% |
| 6 | Wolverine World Wide | 1.84 Bn | 1.64 Bn | 243.40 Mn | 30.94% |
| 7 | On Holding AG | 1.61 Bn | 220.32 Mn | 682.30 Mn | 2.01% |
| 8 | Designer Brands | 414.71 Mn | 363.84 Mn | 302.71 Mn | 5.11% |
| 9 | Forward Industries | 365.68 Mn | 340.29 Mn | 16.85 Mn | -36.99% |
| 10 | Weyco | 332.28 Mn | 234.85 Mn | 33.84 Mn | 30.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -36.99% |
| Sep 30, 2025 | -28.98% |
| Jun 30, 2025 | -49.96% |
| Mar 31, 2025 | -17.26% |
| Dec 31, 2024 | -9.51% |
| Sep 30, 2024 | 9.53% |
| Jun 30, 2024 | 28.06% |
| Mar 31, 2024 | -29.71% |
| Dec 31, 2023 | 1.35% |
| Sep 30, 2023 | 5.49% |
| Jun 30, 2023 | 6.59% |
| 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% |