Forward Industries (FWDI) Gross Margin (2010 - 2025)
Forward Industries (FWDI) posted Gross Margin of 78.61% for Q4 2025, up 415.81% sequentially from 24.89% in Q2 2025, and up 5411.0% YoY from 1.43% in Q4 2024.
Forward Industries (FWDI) Gross Margin (2010 - 2025) Analysis & Trends
Forward Industries has reported Gross Margin for 13 years, with the latest figure at 78.61% in Q4 2025.
- Quarterly Gross Margin rose 5411.0% year-over-year to 78.61% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 45.86% (up 3014.0% YoY) and the FY2025 annual result came in at 6.15%, down 32.0% from the prior year.
- Gross Margin grew to 78.61% in Q4 2025 per FWDI's latest filing, from 24.89% in the prior quarter.
- Over five years, Gross Margin peaked at 78.61% in Q4 2025 and troughed at 84.01% in Q3 2023.
- A 5-year average of 14.39% and a median of 20.77% in 2021 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 11935 bps in 2023, then soared 8924 bps in 2024.
- Over 5 years, Gross Margin stood at 22.55% in 2021, then fell by 11 bps to 20.16% in 2022, then climbed by 14 bps to 22.97% in 2023, then gained by 7 bps to 24.5% in 2024, then jumped by 221 bps to 78.61% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 78.61%, 24.89%, and 5.72% for Q4 2025, Q2 2025, and Q1 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 60.63 Bn | 51.60 Bn | 5.39 Bn | 49.15% |
| 2 | Deckers Outdoor | 13.33 Bn | 11.43 Bn | - | - |
| 3 | Birkenstock Holding | 7.60 Bn | 6.80 Bn | 493.89 Mn | 59.05% |
| 4 | Crocs | 6.44 Bn | 6.27 Bn | 700.71 Mn | 59.41% |
| 5 | Steven Madden | 3.37 Bn | 3.28 Bn | 309.66 Mn | 46.50% |
| 6 | Wolverine World Wide | 1.62 Bn | 1.46 Bn | 235.30 Mn | 46.47% |
| 7 | Weyco | 425.23 Mn | 329.76 Mn | 43.78 Mn | 70.37% |
| 8 | Forward Industries | 355.01 Mn | 355.01 Mn | - | - |
| 9 | Rocky Brands | 354.31 Mn | 351.69 Mn | 60.80 Mn | 51.37% |
| 10 | Designer Brands | 311.24 Mn | 261.14 Mn | 315.32 Mn | 45.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 78.61% |
| Jun 30, 2025 | -24.89% |
| Mar 31, 2025 | -5.72% |
| Dec 31, 2024 | 24.50% |
| Sep 30, 2024 | 5.23% |
| Jun 30, 2024 | 25.97% |
| Mar 31, 2024 | 7.34% |
| Dec 31, 2023 | 22.97% |
| Sep 30, 2023 | -84.01% |
| Jun 30, 2023 | 25.15% |
| Mar 31, 2023 | 19.77% |
| Dec 31, 2022 | 20.16% |
| Sep 30, 2022 | 35.34% |
| Jun 30, 2022 | 18.11% |
| Mar 31, 2022 | 21.84% |
| Dec 31, 2021 | 22.55% |
| Sep 30, 2021 | 17.77% |
| Jun 30, 2021 | 21.91% |
| Mar 31, 2021 | 20.77% |
| Dec 31, 2020 | 23.29% |