Forward Industries, Inc. (FWDI) vs Steven Madden, Ltd. (SHOO)

Forward Industries, Inc. and Steven Madden, Ltd. are both Footwear & Accessories companies. Steven Madden, Ltd. is the larger, with a market value of $3.3B against $614.4M — 5.4× the size. Forward Industries, Inc. has negative trailing earnings, so its P/E is not meaningful; Steven Madden, Ltd. trades at 22.3×. Forward Industries, Inc. grew revenue faster over the last twelve months: 309.5% against 18.2%. Steven Madden, Ltd. has the higher net margin (5.23% vs −2,073.8%) and the higher return on invested capital (12.8% vs −127.6%). Across the 18 metrics below, Steven Madden, Ltd. leads on 14 and Forward Industries, Inc. on 4.

Valuation

Metric FWDI SHOO Footwear & Accessories median
P/E n/m 22.31 15.26
P/S 13.74 1.17 1.16
P/B 1.54 3.30 2.59
Price to free cash flow n/m 14.45 12.20
EV/EBITDA n/m 12.92 8.91
EV/Sales 13.52 1.19 1.24
Earnings yield (374.73%) 4.48% 6.11%
Free cash flow yield (132.54%) 6.92% 4.85%

Profitability

Metric FWDI SHOO Footwear & Accessories median
Gross margin 70.56% 46.13% 49.76%
Operating margin (1,771.61%) 7.50% 8.44%
Net margin (2,073.82%) 5.23% 5.64%
Free cash flow margin (1,821.29%) 8.18% 8.18%
Return on equity (466.18%) 15.61% 12.45%
Return on assets (360.71%) 7.68% 6.15%
Return on invested capital (127.61%) 12.82% 9.58%

Growth

Metric FWDI SHOO Footwear & Accessories median
Revenue growth (TTM) 309.45% 18.15% 3.68%
EPS growth (last fiscal year) (1,289.27%) (73.19%) —
Revenue growth, 5-year CAGR (12.01%) 16.09% 7.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FWDI SHOO Footwear & Accessories median
Debt to equity 0.00 0.13 0.46
Current ratio 0.17 1.91 1.96
Net debt to EBITDA 6.33 1.00 1.00

Dividend

Metric FWDI SHOO Footwear & Accessories median
Dividend yield — 2.12% 2.20%
Payout ratio 0.00 0.39 0.00

Size

Metric FWDI SHOO Footwear & Accessories median
Market cap 614.40m 3.29b 614.40m

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