Forward Industries, Inc.
FWDI Consumer Cyclical Footwear & Accessories
Forward Industries, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $18.2 million, down 9.02% from fiscal 2024. In the quarter to June 2026, revenue grew 332.1%, EPS fell 3.90% and free cash flow fell 4,212.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Forward Industries, Inc. (FWDI) EV/Sales
As of 16 October 2026, Forward Industries, Inc. (FWDI) trades at a EV/Sales of 11.1×. Over the past ten years it has ranged from 0.0× (March 2015) to 24.2× (January 2026); the current reading is higher than 97% of that period. That is above the Footwear & Accessories industry median of 1.3× and above the Consumer Cyclical sector median of 1.0×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 7.6× | 4,308.39% |
| FY2024 | 0.2× | (13.60%) |
| FY2023 | 0.2× | (42.53%) |
| FY2022 | 0.3× | (45.99%) |
| FY2021 | 0.6× | 84.78% |
| FY2020 | 0.3× | 73.24% |
| FY2019 | 0.2× | (34.07%) |
| FY2018 | 0.3× | 28.37% |
| FY2017 | 0.2× | (18.21%) |
| FY2016 | 0.3× | 18.70% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 6.7× | (26.26%) |
| Mar 2026 | 9.1× | (49.84%) |
| Dec 2025 | 18.1× | 138.62% |
| Sep 2025 | 7.6× | 1,237.01% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| DBI Designer Brands Inc. compare | 0.2× |
| FOSL Fossil Group, Inc. compare | 0.5× |
| VRA Vera Bradley, Inc. compare | 0.6× |
| RCKY Rocky Brands, Inc. compare | 0.9× |
| WWW Wolverine World Wide, Inc. compare | 1.0× |
| SHOO Steven Madden, Ltd. compare | 1.2× |
| WEYS Weyco Group, Inc. compare | 1.5× |
| CROX Crocs, Inc. compare | 1.8× |
| FWDI Forward Industries, Inc. | 11.1× |
| Footwear & Accessories industry median | 1.3× |
| Consumer Cyclical sector median | 1.0× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)