Forward Industries (FWDI) Invested Capital (2013 - 2026)
Forward Industries' Invested Capital came in at $884.36 million for fiscal Q1 2026 (quarter ended Dec 31, 2025), compared with $2.88 million a year earlier and down 39.8% from the prior quarter.
Powered by 
Analysis
Forward Industries (FWDI) Invested Capital (2013 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Forward Industries' Invested Capital was $1.47 billion.
- Invested Capital carries a five-year compound annual growth rate of 172.9% (FY2020 to FY2025).
- Going back by fiscal year, Invested Capital was $4.17 million in FY2024 (+12.1%), $3.72 million in FY2023 (-51.5%), $7.67 million in FY2022 (-15.2%) and $9.04 million in FY2021 (-6.9%).
- The five-year range for quarterly Invested Capital is $1.99 million (fiscal Q3 2024) to $1.47 billion (fiscal Q4 2025).
- Year-over-year, Invested Capital increased in three of the last six quarters, with growth averaging 6.5%.
- The fastest year-over-year change in Invested Capital over five years came in fiscal Q3 2025 (growth of 98.5%), and the weakest in fiscal Q3 2024 (a decline of 68.3%).
- Business Quant data shows FWDI's Invested Capital at $1.47 billion (Q4 2025), $3.95 million (Q3 2025) and $4.18 million (Q2 2025) in the three fiscal quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | 1,023.40 Bn |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 16.28 Bn |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 9.76 Bn |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | 14.82 Bn |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | - |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | 10.01 Bn |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 3.62 Bn |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | 9.53 Bn |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 1.44 Bn |
| 10 | Forward Industries | 386.96 Mn | 293.49 Mn | 6.70 Mn | 579.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 579.21 Mn |
| Mar 31, 2026 | 601.48 Mn |
| Dec 31, 2025 | 884.36 Mn |
| Sep 30, 2025 | 1.47 Bn |
| Jun 30, 2025 | 3.95 Mn |
| Mar 31, 2025 | 4.18 Mn |
| Dec 31, 2024 | 2.88 Mn |
| Sep 30, 2024 | 3.57 Mn |
| Jun 30, 2024 | 1.99 Mn |
| Mar 31, 2024 | 2.52 Mn |
| Dec 31, 2023 | 3.16 Mn |
| Sep 30, 2023 | 3.72 Mn |
| Jun 30, 2023 | 6.28 Mn |
| Mar 31, 2023 | 15.28 Mn |
| Dec 31, 2022 | 16.69 Mn |
| Sep 30, 2022 | 15.41 Mn |
| Jun 30, 2022 | 17.20 Mn |
| Mar 31, 2022 | 8.90 Mn |
| Dec 31, 2021 | 9.24 Mn |
| Sep 30, 2021 | 9.04 Mn |
API Access
Forward Industries Invested Capital 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=invested-capital&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();