Forward Industries (FWDI) Return on Capital Employed (2012 - 2025)
Forward Industries' (FWDI) quarterly Return on Capital Employed came in at 50.36% in Q4 2025, down 12.0% year-on-year from 57.23% in Q4 2024, and down 4333.69% quarter-over-quarter from 1.14% in Q3 2025.
Forward Industries (FWDI) Return on Capital Employed (2012 - 2025) Analysis & Trends
Forward Industries has disclosed Return on Capital Employed across 10 years of filings, most recently posting 50.36% for Q4 2025.
- Return on Capital Employed for Q4 2025 came in at 50.36%, down 12.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 50.36% (down 12.0% YoY), and the FY2025 annual result was 1.13%, up 3095.0% from the prior year.
- Return on Capital Employed came in at 50.36% for Q4 2025 at Forward Industries, down from 1.14% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 11.02% in Q2 2023 to a low of 75.19% in Q2 2025.
- The 5-year median for Return on Capital Employed is 5.55% (2021), against an average of 16.34%.
- Across the five-year window, Return on Capital Employed slumped 4857 bps in 2024 and soared 3738 bps in 2025, its largest moves.
- Forward Industries' Return on Capital Employed stood at 3.71% in 2021, then surged by 167 bps to 2.48% in 2022, then sank by 167 bps to 1.67% in 2023, then tumbled by 2910 bps to 50.24% in 2024, then dropped by 0 bps to 50.36% in 2025.
- The last three Return on Capital Employed figures came in at 50.36% (Q4 2025), 1.14% (Q3 2025), and 75.19% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Birkenstock Holding | 98.76 Bn | 98.52 Bn | 390.51 Mn | 11.76% |
| 2 | Nike | 63.56 Bn | 55.51 Bn | 4.53 Bn | 41.55% |
| 3 | Deckers Outdoor | 15.58 Bn | 13.49 Bn | 1.17 Bn | 45.82% |
| 4 | Crocs | 6.00 Bn | 5.87 Bn | 522.95 Mn | 3.52% |
| 5 | Steven Madden | 3.13 Bn | 3.09 Bn | 357.42 Mn | 8.61% |
| 6 | Wolverine World Wide | 1.84 Bn | 1.64 Bn | 243.40 Mn | 12.55% |
| 7 | On Holding AG | 1.61 Bn | 220.32 Mn | 682.30 Mn | 18.70% |
| 8 | Designer Brands | 414.71 Mn | 363.84 Mn | 302.71 Mn | 3.38% |
| 9 | Forward Industries | 365.68 Mn | 340.29 Mn | 16.85 Mn | -50.36% |
| 10 | Weyco | 332.28 Mn | 234.85 Mn | 33.84 Mn | 2.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -50.36% |
| Sep 30, 2025 | -1.14% |
| Jun 30, 2025 | -75.19% |
| Mar 31, 2025 | -60.11% |
| Dec 31, 2024 | -50.24% |
| Sep 30, 2024 | -38.52% |
| Jun 30, 2024 | -31.48% |
| Mar 31, 2024 | -12.51% |
| Dec 31, 2023 | -1.67% |
| Sep 30, 2023 | 2.13% |
| Jun 30, 2023 | 11.02% |
| Mar 31, 2023 | 4.69% |
| Dec 31, 2022 | 2.48% |
| Sep 30, 2022 | 4.86% |
| Jun 30, 2022 | -4.82% |
| Mar 31, 2022 | 1.01% |
| Dec 31, 2021 | -3.71% |
| Sep 30, 2021 | -6.28% |
| Jun 30, 2021 | -6.93% |
| Mar 31, 2021 | -9.96% |