Forward Industries (FWDI) Return on Capital Employed (2012 - 2025)
Forward Industries (FWDI) posted Return on Capital Employed of 50.36% for Q4 2025, down 4333.69% sequentially from 1.14% in Q3 2025, and down 12.0% YoY from 57.23% in Q4 2024.
Forward Industries (FWDI) Return on Capital Employed (2012 - 2025) Analysis & Trends
Forward Industries has reported Return on Capital Employed for 10 years, with the latest figure at 50.36% in Q4 2025.
- Quarterly Return on Capital Employed fell 12.0% year-over-year to 50.36% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 50.36% (down 12.0% YoY) and the FY2025 annual result came in at 1.13%, up 3095.0% from the prior year.
- Return on Capital Employed fell to 50.36% in Q4 2025 per FWDI's latest filing, from 1.14% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 11.02% in Q2 2023 and troughed at 75.19% in Q2 2025.
- A 5-year average of 16.34% and a median of 5.55% in 2021 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2024 and 2025: Return on Capital Employed slumped 4857 bps in 2024, then surged 3738 bps in 2025.
- Over 5 years, Return on Capital Employed stood at 3.71% in 2021, then jumped 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 fell by 0 bps to 50.36% in 2025.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 50.36%, 1.14%, and 75.19% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 60.63 Bn | 51.60 Bn | 5.39 Bn | 19.40% |
| 2 | Deckers Outdoor | 13.33 Bn | 11.43 Bn | - | - |
| 3 | Birkenstock Holding | 7.60 Bn | 6.80 Bn | 493.89 Mn | 11.17% |
| 4 | Crocs | 6.44 Bn | 6.27 Bn | 700.71 Mn | 23.21% |
| 5 | Steven Madden | 3.37 Bn | 3.28 Bn | 309.66 Mn | 14.60% |
| 6 | Wolverine World Wide | 1.62 Bn | 1.46 Bn | 235.30 Mn | 14.32% |
| 7 | Weyco | 425.23 Mn | 329.76 Mn | 43.78 Mn | 13.55% |
| 8 | Forward Industries | 355.01 Mn | 355.01 Mn | - | - |
| 9 | Rocky Brands | 354.31 Mn | 351.69 Mn | 60.80 Mn | 11.46% |
| 10 | Designer Brands | 311.24 Mn | 261.14 Mn | 315.32 Mn | 5.39% |
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% |