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) P/E ratio
Forward Industries, Inc. has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 321× (June 2021) — the current reading is the lowest in ten years.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 0.0× | — |
| FY2023 | 0.0× | — |
| FY2022 | 0.0× | — |
| FY2021 | 47.8× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
| FY2018 | 10.7× | (43.22%) |
| FY2017 | 18.8× | 0.86% |
| FY2016 | 18.6× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 0.0× | — |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| VRA Vera Bradley, Inc. compare | n/m |
| FOSL Fossil Group, Inc. compare | n/m |
| FWDI Forward Industries, Inc. | n/m |
| CROX Crocs, Inc. compare | 10.5× |
| RCKY Rocky Brands, Inc. compare | 11.9× |
| WEYS Weyco Group, Inc. compare | 14.2× |
| WWW Wolverine World Wide, Inc. compare | 15.3× |
| DBI Designer Brands Inc. compare | 22.1× |
| SHOO Steven Madden, Ltd. compare | 22.5× |
| Footwear & Accessories industry median | 15.6× |
| Consumer Cyclical sector median | 17.3× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)