Forward Industries (FWDI) Free Cash Flow (2011 - 2025)
Forward Industries (FWDI) posted Free Cash Flow of -$7.9 million for Q4 2025, down 193.79% sequentially from -$2.7 million in Q3 2025, and down 2110.27% YoY from $394431.8 in Q4 2024.
Forward Industries (FWDI) Free Cash Flow (2011 - 2025) Analysis & Trends
Forward Industries has reported Free Cash Flow for 13 years, with the latest figure at -$7.9 million in Q4 2025.
- Quarterly Free Cash Flow fell 2110.27% year-over-year to -$7.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$12.5 million (down 2820311.74% YoY) and the FY2025 annual result came in at -$4.9 million, down 1183.11% from the prior year.
- Free Cash Flow retreated to -$7.9 million in Q4 2025 per FWDI's latest filing, from -$2.7 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $1.9 million in Q3 2024 and troughed at -$7.9 million in Q4 2025.
- A 5-year average of -$509114.0 and a median of -$78470.0 in 2021 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2022 and 2025: Free Cash Flow jumped 2038.47% in 2022, then sank 2110.27% in 2025.
- Over 5 years, Free Cash Flow stood at $1.1 million in 2021, then slumped by 118.07% to -$193716.0 in 2022, then surged by 149.72% to $96318.0 in 2023, then slumped by 472.45% to -$358741.0 in 2024, then tumbled by 2110.27% to -$7.9 million in 2025.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$7.9 million, -$2.7 million, and -$1.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 60.63 Bn | 51.60 Bn | 5.39 Bn | 1.02 Bn |
| 2 | Deckers Outdoor | 13.33 Bn | 11.43 Bn | - | - |
| 3 | Birkenstock Holding | 7.60 Bn | 6.80 Bn | 493.89 Mn | 120.15 Mn |
| 4 | Crocs | 6.44 Bn | 6.27 Bn | 700.71 Mn | 330.97 Mn |
| 5 | Steven Madden | 3.37 Bn | 3.28 Bn | 309.66 Mn | 196.09 Mn |
| 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 | 4.14 Mn |
| 10 | Designer Brands | 311.24 Mn | 261.14 Mn | 315.32 Mn | -31.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -7.93 Mn |
| Dec 31, 2025 | -7.93 Mn |
| Sep 30, 2025 | -2.70 Mn |
| Sep 30, 2025 | -2.70 Mn |
| Jun 30, 2025 | -1.25 Mn |
| Jun 30, 2025 | -1.25 Mn |
| Mar 31, 2025 | -620,007.00 |
| Mar 31, 2025 | -620,007.00 |
| Dec 31, 2024 | -358,741.00 |
| Dec 31, 2024 | -358,741.00 |
| Sep 30, 2024 | 1.91 Mn |
| Sep 30, 2024 | 1.91 Mn |
| Jun 30, 2024 | -1.04 Mn |
| Jun 30, 2024 | -1.04 Mn |
| Mar 31, 2024 | -520,628.00 |
| Mar 31, 2024 | -520,628.00 |
| Dec 31, 2023 | 96,318.00 |
| Dec 31, 2023 | 96,318.00 |
| Sep 30, 2023 | 459,305.00 |
| Sep 30, 2023 | 459,305.00 |