Forward Industries (FWDI) Return on Capital Employed [ROCE] (2009 - 2026)
Forward Industries' Return on Capital Employed [ROCE] came in at -50.36% for fiscal Q1 2026 (quarter ended Dec 31, 2025), down 0.12 percentage points from -50.24% a year earlier and down 49.22 percentage points from the prior quarter.
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Analysis
Forward Industries (FWDI) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Forward Industries' Return on Capital Employed [ROCE] was -1.13%, up 30.95 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +21.15 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Capital Employed [ROCE] was -32.08% in FY2024 (-34.00 pp), 1.92% in FY2023 (-3.73 pp), 5.65% in FY2022 (+11.82 pp) and -6.17% in FY2021 (+16.11 pp).
- The five-year range for quarterly Return on Capital Employed [ROCE] is -75.19% (fiscal Q3 2025) to 11.02% (fiscal Q3 2023).
- Year-over-year, Return on Capital Employed [ROCE] increased in 1 of the last eight quarters, with an average year-over-year change of -25.37 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in fiscal Q4 2025 (a gain of 37.38 percentage points), and the weakest in fiscal Q1 2025 (a drop of 48.57 percentage points).
- Business Quant data shows FWDI's Return on Capital Employed [ROCE] at -1.14% (Q4 2025), -75.19% (Q3 2025) and -60.11% (Q2 2025) in the three fiscal quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 19.74% |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 18.27% |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | 16.31% |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | 9.82% |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | 20.82% |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 15.70% |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | 14.15% |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 23.59% |
| 10 | Forward Industries | 386.96 Mn | 293.49 Mn | 6.70 Mn | -196.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -196.99% |
| Mar 31, 2026 | -125.46% |
| 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% |
API Access
Forward Industries Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();