Forward Industries (FWDI) Return on Equity [ROE] (2009 - 2026)
Forward Industries' Return on Equity [ROE] was -63.97% in fiscal Q1 2026 (quarter ended Dec 31, 2025), up 23.88 percentage points from -87.85% a year earlier but down 41.30 percentage points from the prior quarter.
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Analysis
Forward Industries (FWDI) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Return on Equity [ROE] at Forward Industries came in at -22.67%, up 47.20 percentage points from FY2024.
- Return on Equity [ROE] shows a five-year change of +2.17 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Return on Equity [ROE] was -69.87% in FY2024 (+14.26 pp), -84.13% in FY2023 (-64.03 pp), -20.11% in FY2022 (-27.57 pp) and 7.47% in FY2021 (+32.31 pp).
- Quarterly Return on Equity [ROE] has moved between -202.87% (fiscal Q3 2024) and 7.01% (fiscal Q4 2021) over five years.
- Compared with a year earlier, Return on Equity [ROE] has increased for six straight quarters, with an average year-over-year change of -2.31 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Equity [ROE] over five years was fiscal Q3 2025 (a gain of 97.43 percentage points); the worst was fiscal Q3 2024 (a drop of 186.15 percentage points).
- Per Business Quant data, FWDI's Return on Equity [ROE] in the three fiscal quarters before Q1 2026 was -22.66% (Q4 2025), -105.44% (Q3 2025) and -109.35% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 51.06 Bn | 16.35 Bn | 1.60 Bn | 46.52% |
| 2 | Cognizant Technology Solutions | 29.12 Bn | 23.09 Bn | 1.91 Bn | 17.62% |
| 3 | Cdw | 21.17 Bn | 18.07 Bn | 1.39 Bn | 43.25% |
| 4 | Td Synnex | 18.55 Bn | 12.71 Bn | 1.43 Bn | 14.53% |
| 5 | Cgi | 18.36 Bn | 16.16 Bn | - | - |
| 6 | Arrow Electronics | 9.82 Bn | 8.84 Bn | 1.16 Bn | 14.24% |
| 7 | EPAM Systems | 8.35 Bn | 4.26 Bn | 445.94 Mn | 11.95% |
| 8 | Avnet | 7.00 Bn | 6.12 Bn | 1.07 Bn | 10.96% |
| 9 | ExlService Holdings | 6.69 Bn | 5.49 Bn | 241.14 Mn | 29.04% |
| 10 | Forward Industries | 386.96 Mn | 293.49 Mn | 6.70 Mn | -214.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -214.82% |
| Mar 31, 2026 | -144.32% |
| Dec 31, 2025 | -63.97% |
| Sep 30, 2025 | -22.66% |
| Jun 30, 2025 | -105.44% |
| Mar 31, 2025 | -109.35% |
| Dec 31, 2024 | -87.85% |
| Sep 30, 2024 | -89.53% |
| Jun 30, 2024 | -202.87% |
| Mar 31, 2024 | -163.76% |
| Dec 31, 2023 | -148.53% |
| Sep 30, 2023 | -105.25% |
| Jun 30, 2023 | -16.71% |
| Mar 31, 2023 | -12.43% |
| Dec 31, 2022 | -2.65% |
| Sep 30, 2022 | 6.78% |
| Jun 30, 2022 | -9.46% |
| Mar 31, 2022 | -0.22% |
| Dec 31, 2021 | -6.56% |
| Sep 30, 2021 | 7.01% |
API Access
Forward Industries Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();