Forward Industries (FWDI) Return on Assets [ROA] (2009 - 2026)
Forward Industries' Return on Assets [ROA] came in at -63.51% for fiscal Q1 2026 (quarter ended Dec 31, 2025), down 47.20 percentage points from -16.31% a year earlier and down 40.99 percentage points from the prior quarter.
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Analysis
Forward Industries (FWDI) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Forward Industries' Return on Assets [ROA] was -22.42%, down 10.28 percentage points from FY2024.
- Return on Assets [ROA] carries a five-year change of -12.40 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Assets [ROA] was -12.13% in FY2024 (+7.37 pp), -19.50% in FY2023 (-12.74 pp), -6.76% in FY2022 (-9.43 pp) and 2.67% in FY2021 (+12.69 pp).
- The fiscal Q1 2026 figure represents the lowest quarterly Return on Assets [ROA] in data going back to fiscal Q4 2011.
- Year-over-year, Return on Assets [ROA] has declined for four consecutive quarters, with an average year-over-year change of -12.11 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in fiscal Q3 2021 (a gain of 21.22 percentage points), and the weakest in fiscal Q1 2026 (a drop of 47.20 percentage points).
- Business Quant data shows FWDI's Return on Assets [ROA] at -22.51% (Q4 2025), -35.41% (Q3 2025) and -24.80% (Q2 2025) in the three fiscal quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | 1,378.37% |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 12.20% |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 5.96% |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | 3.30% |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | 5.40% |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | 2.45% |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 9.19% |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | 3.33% |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 13.64% |
| 10 | Forward Industries | 386.96 Mn | 293.49 Mn | 6.70 Mn | -181.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -181.93% |
| Mar 31, 2026 | -137.67% |
| Dec 31, 2025 | -63.51% |
| Sep 30, 2025 | -22.51% |
| Jun 30, 2025 | -35.41% |
| Mar 31, 2025 | -24.80% |
| Dec 31, 2024 | -16.31% |
| Sep 30, 2024 | -13.01% |
| Jun 30, 2024 | -21.08% |
| Mar 31, 2024 | -21.20% |
| Dec 31, 2023 | -21.71% |
| Sep 30, 2023 | -20.40% |
| Jun 30, 2023 | -4.01% |
| Mar 31, 2023 | -3.20% |
| Dec 31, 2022 | -0.75% |
| Sep 30, 2022 | 2.04% |
| Jun 30, 2022 | -3.01% |
| Mar 31, 2022 | -0.08% |
| Dec 31, 2021 | -2.37% |
| Sep 30, 2021 | 2.70% |
API Access
Forward Industries Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();