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
DateValue
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%