Forward Industries (FWDI) Tax Rate (2011 - 2025)

Forward Industries (FWDI) posted Tax Rate of 0.46% for Q4 2025, down 3604.54% sequentially from 0.01% in Q3 2025.

Forward Industries (FWDI) Tax Rate (2011 - 2025) Analysis & Trends

Forward Industries has reported Tax Rate for 9 years, with the latest figure at 0.46% in Q4 2025.

Quarterly Tax Rate changed N/A year-over-year to 0.46% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.36% (up 50.0% YoY) and the FY2025 annual result came in at 0.01%, up 106.0% from the prior year.
Tax Rate eased to 0.46% in Q4 2025 per FWDI's latest filing, from 0.01% in the prior quarter.
Over five years, Tax Rate peaked at 7.85% in Q3 2023 and troughed at 3.3% in Q3 2024.
A 4-year average of 0.86% and a median of 0.01% in 2025 frame the typical range for Tax Rate.
The sharpest annual moves came in 2023 and 2024: Tax Rate soared 760 bps in 2023, then sank 1114 bps in 2024.
Over 4 years, Tax Rate stood at 0.24% in 2022, then jumped by 3118 bps to 7.85% in 2023, then sank by 142 bps to 3.3% in 2024, then jumped by 86 bps to 0.46% in 2025.
According to Business Quant data, Tax Rate over the past three periods registered 0.46%, 0.01%, and 3.3% for Q4 2025, Q3 2025, and Q3 2024 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Nike	60.63 Bn	51.60 Bn	5.39 Bn	19.56%
2	Deckers Outdoor	13.33 Bn	11.43 Bn	-	-
3	Birkenstock Holding	7.60 Bn	6.80 Bn	493.89 Mn	31.53%
4	Crocs	6.44 Bn	6.27 Bn	700.71 Mn	22.37%
5	Steven Madden	3.37 Bn	3.28 Bn	309.66 Mn	26.63%
6	Wolverine World Wide	1.62 Bn	1.46 Bn	235.30 Mn	19.36%
7	Weyco	425.23 Mn	329.76 Mn	43.78 Mn	28.38%
8	Forward Industries	355.01 Mn	355.01 Mn	-	-
9	Rocky Brands	354.31 Mn	351.69 Mn	60.80 Mn	21.53%
10	Designer Brands	311.24 Mn	261.14 Mn	315.32 Mn	54.98%

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