Forward Industries (FWDI) Gross Margin (2010 - 2025)
Forward Industries' (FWDI) quarterly Gross Margin came in at 78.61% in Q4 2025, up 5411.0% year-on-year from 1.43% in Q4 2024, and up 28.57% quarter-over-quarter from 61.14% in Q3 2025.
Forward Industries (FWDI) Gross Margin (2010 - 2025) Analysis & Trends
Forward Industries has disclosed Gross Margin across 13 years of filings, most recently posting 78.61% for Q4 2025.
- Gross Margin for Q4 2025 came in at 78.61%, up 5411.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 59.74% (up 3471.0% YoY), and the FY2025 annual result was 28.54%, up 261.0% from the prior year.
- Gross Margin came in at 78.61% for Q4 2025 at Forward Industries, up from 61.14% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 78.61% in Q4 2025 to a low of 24.89% in Q2 2025.
- The 5-year median for Gross Margin is 22.76% (2021), against an average of 24.15%.
- Peak annual rise in Gross Margin reached 5411 bps in 2025, while the deepest fall reached 5086 bps in 2025.
- Forward Industries' Gross Margin stood at 22.55% in 2021, then dropped by 11 bps to 20.16% in 2022, then gained by 14 bps to 22.97% in 2023, then increased by 7 bps to 24.5% in 2024, then surged by 221 bps to 78.61% in 2025.
- The last three Gross Margin figures came in at 78.61% (Q4 2025), 61.14% (Q3 2025), and 24.89% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Birkenstock Holding | 98.76 Bn | 98.52 Bn | 390.51 Mn | 53.94% |
| 2 | Nike | 63.56 Bn | 55.51 Bn | 4.53 Bn | 40.16% |
| 3 | Deckers Outdoor | 15.58 Bn | 13.49 Bn | 1.17 Bn | 59.84% |
| 4 | Crocs | 6.00 Bn | 5.87 Bn | 522.95 Mn | 56.75% |
| 5 | Steven Madden | 3.13 Bn | 3.09 Bn | 357.42 Mn | 55.02% |
| 6 | Wolverine World Wide | 1.84 Bn | 1.64 Bn | 243.40 Mn | 47.03% |
| 7 | On Holding AG | 1.61 Bn | 220.32 Mn | 682.30 Mn | 64.23% |
| 8 | Designer Brands | 414.71 Mn | 363.84 Mn | 302.71 Mn | 42.42% |
| 9 | Forward Industries | 365.68 Mn | 340.29 Mn | 16.85 Mn | 78.61% |
| 10 | Weyco | 332.28 Mn | 234.85 Mn | 33.84 Mn | 44.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 78.61% |
| Sep 30, 2025 | 61.14% |
| Jun 30, 2025 | -24.89% |
| Mar 31, 2025 | -5.72% |
| Dec 31, 2024 | 24.50% |
| Sep 30, 2024 | 23.30% |
| Jun 30, 2024 | 25.97% |
| Mar 31, 2024 | 26.22% |
| Dec 31, 2023 | 22.97% |
| Sep 30, 2023 | 27.28% |
| Jun 30, 2023 | 25.51% |
| 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% |