Forward Industries (FWDI) Goodwill & Intangibles (2018 - 2025)
Forward Industries' Goodwill & Intangibles came in at $1.85 million for fiscal Q3 2025 (quarter ended Jun 30, 2025), down 25.6% from $2.49 million a year earlier and down 2.8% from the prior quarter.
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Analysis
Forward Industries (FWDI) Goodwill & Intangibles (2018 - 2025) Analysis & Trends
At the end of FY2024 (ended Sep 30, 2024), Forward Industries' Goodwill & Intangibles was $2.24 million, down 15.6% from FY2023.
- Goodwill & Intangibles has declined in each of the last six fiscal years, with a five-year compound annual growth rate of -8.2% (FY2019 to FY2024).
- Going back by fiscal year, Goodwill & Intangibles was $2.65 million in FY2023 (-7.4%), $2.86 million in FY2022 (-6.9%), $3.08 million in FY2021 (-6.5%) and $3.29 million in FY2020 (-4.1%).
- The fiscal Q3 2025 figure represents the lowest quarterly Goodwill & Intangibles in data going back to fiscal Q4 2018.
- Year-over-year, Goodwill & Intangibles has declined for 16 consecutive quarters, with an average decline of 15.2% over the last eight quarters.
- The fastest year-over-year change in Goodwill & Intangibles over five years came in fiscal Q3 2021 (growth of 36.5%), and the weakest in fiscal Q3 2025 (a decline of 25.6%).
- Business Quant data shows FWDI's Goodwill & Intangibles at $1.91 million (Q2 2025), $1.96 million (Q1 2025) and $2.24 million (Q4 2024) in the three fiscal quarters before Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 44.69 Bn | 44.75 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 26.45 Bn | 19.61 Bn | 1.83 Bn |
| 3 | Td Synnex | 22.21 Bn | 16.36 Bn | 1.43 Bn |
| 4 | Cdw | 16.70 Bn | 14.69 Bn | 1.32 Bn |
| 5 | Cgi | 15.63 Bn | 13.41 Bn | - |
| 6 | Arrow Electronics | 12.33 Bn | 11.35 Bn | 1.13 Bn |
| 7 | Avnet | 8.78 Bn | 7.96 Bn | 865.03 Mn |
| 8 | Ingram Micro Holding | 6.70 Bn | 2.31 Bn | 958.68 Mn |
| 9 | EPAM Systems | 5.58 Bn | 1.22 Bn | 429.57 Mn |
| 10 | Forward Industries | 602.59 Mn | 602.59 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | 1.85 Mn |
| Mar 31, 2025 | 1.91 Mn |
| Dec 31, 2024 | 1.96 Mn |
| Sep 30, 2024 | 2.24 Mn |
| Jun 30, 2024 | 2.49 Mn |
| Mar 31, 2024 | 2.55 Mn |
| Dec 31, 2023 | 2.60 Mn |
| Sep 30, 2023 | 2.65 Mn |
| Jun 30, 2023 | 2.71 Mn |
| Mar 31, 2023 | 2.76 Mn |
| Dec 31, 2022 | 2.81 Mn |
| Sep 30, 2022 | 2.86 Mn |
| Jun 30, 2022 | 2.92 Mn |
| Mar 31, 2022 | 2.97 Mn |
| Dec 31, 2021 | 3.02 Mn |
| Sep 30, 2021 | 3.08 Mn |
| Jun 30, 2021 | 3.13 Mn |
| Mar 31, 2021 | 3.18 Mn |
| Dec 31, 2020 | 3.24 Mn |
| Sep 30, 2020 | 3.29 Mn |
API Access
Forward Industries Goodwill & Intangibles 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=goodwill-and-intangibles&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill-and-intangibles", "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=goodwill-and-intangibles&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();