Forward Industries (FWDI) Market Capitalization (2010 - 2025)
Forward Industries (FWDI) reported Market Capitalization of $561.35 million for fiscal Q1 2026 (quarter ended Dec 31, 2025), compared with $5.45 million a year earlier and up 223.3% from the prior quarter.
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Analysis
Forward Industries (FWDI) Market Capitalization (2010 - 2025) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Forward Industries posted Market Capitalization of $173.65 million.
- Market Capitalization has a five-year compound annual growth rate of 66.1% (FY2020 to FY2025).
- By fiscal year, Market Capitalization came in at $4.11 million in FY2024 (-46.3%), $7.65 million in FY2023 (-42.9%), $13.38 million in FY2022 (-44.4%) and $24.05 million in FY2021 (+75.0%).
- The fiscal Q1 2026 figure ranks as the highest quarterly Market Capitalization in data going back to fiscal Q3 2010.
- Year over year, Market Capitalization gained in 1 of the last six quarters, with an average decline of 27.2%.
- The high point for year-over-year Market Capitalization in five years was fiscal Q2 2021 (growth of 168.0%); the low point was fiscal Q3 2022 (a decline of 50.2%).
- Per Business Quant data, the three fiscal quarters before Q1 2026 came in at $173.65 million (Q4 2025), $6.58 million (Q3 2025) and $4.57 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn |
| 10 | Forward Industries | 576.01 Mn | 576.01 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 561.35 Mn |
| Sep 30, 2025 | 173.65 Mn |
| Jun 30, 2025 | 6.58 Mn |
| Mar 31, 2025 | 4.57 Mn |
| Dec 31, 2024 | 5.45 Mn |
| Sep 30, 2024 | 4.11 Mn |
| Jun 30, 2024 | 5.24 Mn |
| Mar 31, 2024 | 6.14 Mn |
| Dec 31, 2023 | 7.34 Mn |
| Sep 30, 2023 | 7.65 Mn |
| Jun 30, 2023 | 9.66 Mn |
| Mar 31, 2023 | 11.27 Mn |
| Dec 31, 2022 | 10.77 Mn |
| Sep 30, 2022 | 13.38 Mn |
| Jun 30, 2022 | 14.79 Mn |
| Mar 31, 2022 | 17.31 Mn |
| Dec 31, 2021 | 15.70 Mn |
| Sep 30, 2021 | 24.05 Mn |
| Jun 30, 2021 | 29.69 Mn |
| Mar 31, 2021 | 28.37 Mn |
API Access
Forward Industries Market Capitalization 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=market-capitalization&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();