Forward Industries (FWDI) Return on Equity [ROE] (2012 - 2025)
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] (2012 - 2025) 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 | 43.52 Bn | 43.57 Bn | 1.60 Bn | 1,613.68% |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 15.04% |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | 12.81% |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | 43.20% |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | - |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | 11.68% |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | 6.70% |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | 10.15% |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | 11.56% |
| 10 | Forward Industries | 576.01 Mn | 576.01 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 6.84% |
| Mar 31, 2021 | 0.56% |
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();