Forward Industries (FWDI) Operating Margin (2010 - 2025)

Forward Industries has disclosed Operating Margin across 13 years of filings, most recently posting 2722.8% for Q4 2025.

• Operating Margin for Q4 2025 came in at 2722.8%, down 270338.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 1689.03% (down 167525.0% YoY), and the FY2025 annual result was 46.14%, down 3538.0% from the prior year.
• Operating Margin came in at 2722.8% for Q4 2025 at Forward Industries, down from 39.18% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 19.03% in Q3 2022 to a low of 2722.8% in Q4 2025.
• The 5-year median for Operating Margin is 4.48% (2022), against an average of 148.75%.
• Across the five-year window, Operating Margin jumped 1948 bps in 2022 and sank 270338 bps in 2025, its largest moves.
• Forward Industries' Operating Margin stood at 1.84% in 2021, then plunged by 171 bps to 1.31% in 2022, then sank by 305 bps to 5.32% in 2023, then plunged by 265 bps to 19.42% in 2024, then sank by 13921 bps to 2722.8% in 2025.
• The last three Operating Margin figures came in at 2722.8% (Q4 2025), 39.18% (Q3 2025), and 102.61% (Q2 2025), per Business Quant data.