Forward Industries, Inc. (FWDI) Net Margin (2010 - 2025)
Forward Industries' Net Margin came in at -2732.19% for fiscal Q1 2026 (quarter ended Dec 31, 2025), down 2716.88 percentage points from -15.31% a year earlier and down 668.30 percentage points from the prior quarter.
Forward Industries, Inc. (FWDI) Net Margin (2010 - 2025) Analysis & Trends
Over the trailing twelve months to Dec 31, 2025, Forward Industries reported Net Margin of -2148.52%, down 2136.69 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at -918.23%, down 908.48 percentage points from FY2024.
- Net Margin carries a five-year change of -913.08 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Net Margin was -9.76% in FY2024 (+0.43 pp), -10.18% in FY2023 (-6.58 pp), -3.61% in FY2022 (-4.95 pp) and 1.34% in FY2021 (+6.49 pp).
- The fiscal Q1 2026 figure represents the lowest quarterly Net Margin in data going back to fiscal Q3 2010.
- Year-over-year, Net Margin has declined for five consecutive quarters, with an average year-over-year change of -604.33 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q4 2024 (a gain of 8.79 percentage points), and the weakest in fiscal Q1 2026 (a drop of 2716.88 percentage points).
- Business Quant data shows FWDI's Net Margin at -2063.89% (Q4 2025), -34.48% (Q3 2025) and -46.48% (Q2 2025) in the three fiscal quarters before Q1 2026.
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -2,732.19% |
| Sep 30, 2025 | -2,063.89% |
| Jun 30, 2025 | -34.48% |
| Mar 31, 2025 | -46.48% |
| Dec 31, 2024 | -15.31% |
| Sep 30, 2024 | -13.57% |
| Jun 30, 2024 | -7.93% |
| Mar 31, 2024 | -10.91% |
| Dec 31, 2023 | -4.95% |
| Sep 30, 2023 | -22.36% |
| Jun 30, 2023 | -6.16% |
| Mar 31, 2023 | -8.94% |
| Dec 31, 2022 | -4.41% |
| Sep 30, 2022 | -13.76% |
| Jun 30, 2022 | -3.96% |
| Mar 31, 2022 | -3.45% |
| Dec 31, 2021 | 1.55% |
| Sep 30, 2021 | -0.77% |
| Jun 30, 2021 | 2.45% |
| Mar 31, 2021 | -9.94% |
Forward Industries, Inc. Net Margin 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=net-margin&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();