Forward Industries Inc. | Mid-cap | Consumer Cyclical
$25.46
-3.96%
| Forward Industries Stock Comparison:
Forward Industries vs NikeForward Industries vs Deckers OutdoorForward Industries vs Skechers USAForward Industries vs Birkenstock HoldingForward Industries vs CrocsForward Industries vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 3.1M
Gross Profit -178.8K -5.72%
Operating Income -1.8M -58.33%
Net Income -1.5M -46.48%
EPS (Diluted) $-1.32

Balance Sheet Metrics

Total Assets 12.3M
Total Liabilities 8.8M
Shareholders Equity 3.6M
Debt to Equity 2.45

Cash Flow Metrics

Operating Cash Flow -1.2M
Free Cash Flow -563.2K

Revenue & Profitability Trend

Forward Industries Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i30.2M36.7M38.2M39.0M34.5M
Cost of Goods Sold i24.0M28.3M29.4M30.9M27.8M
Gross Profit i6.2M8.4M8.8M8.1M6.6M
Gross Margin % i20.6%22.8%23.0%20.8%19.3%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i7.9M8.2M8.2M8.9M7.6M
Other Operating Expenses i-----
Total Operating Expenses i7.9M8.2M8.2M8.9M7.6M
Operating Income i-1.7M159.7K588.5K-765.0K-967.4K
Operating Margin % i-5.7%0.4%1.5%-2.0%-2.8%
Non-Operating Items
Interest Income i78.9K23.2K088.8K60.9K
Interest Expense i62.7K104.2K123.4K172.0K175.0K
Other Non-Operating Income-208.3K100.0K-12.6K1.4M-684.7K
Pre-tax Income i-1.9M178.7K452.4K523.8K-1.8M
Income Tax i22.9K20.0K2.6K09.2K
Effective Tax Rate % i0.0%11.2%0.6%0.0%0.0%
Net Income i-2.0M-3.7M-1.4M523.8K-1.8M
Net Margin % i-6.5%-10.2%-3.6%1.3%-5.1%
Key Metrics
EBITDA i-1.3M528.8K885.1K-353.5K-654.2K
EPS (Basic) i$-1.77$-3.39$-1.40$0.50$-1.90
EPS (Diluted) i$-1.77$-3.39$-1.40$0.50$-1.90
Basic Shares Outstanding i110106911010691006118995009958344
Diluted Shares Outstanding i110106911010691006118995009958344

Income Statement Trend

Forward Industries Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i3.0M3.2M2.6M1.4M2.9M
Short-term Investments i-----
Accounts Receivable i5.7M7.0M7.5M8.8M7.6M
Inventory i490.0K334.4K650.9K2.1M1.3M
Other Current Assets426.2K378.5K417.6K561.1K419.5K
Total Current Assets i9.6M11.4M14.3M12.8M12.2M
Non-Current Assets
Property, Plant & Equipment i2.7M3.2M3.5M3.8M3.6M
Goodwill i3.8M4.4M4.6M4.8M5.0M
Intangible Assets i680.0K893.0K1.1M1.3M1.5M
Long-term Investments-----
Other Non-Current Assets72.7K68.7K68.7K72.3K116.7K
Total Non-Current Assets i5.1M6.0M6.6M7.1M7.1M
Total Assets i14.8M17.4M20.9M19.9M19.4M
Liabilities
Current Liabilities
Accounts Payable i129.1K518.9K268.2K392.0K197.0K
Short-term Debt i1.0M416.0K377.9K340.2K3.9M
Current Portion of Long-term Debt-----
Other Current Liabilities197.0K200.7K228.9K186.5K186.4K
Total Current Liabilities i9.4M10.8M10.0M7.2M8.8M
Non-Current Liabilities
Long-term Debt i2.4M3.9M4.6M5.2M3.9M
Deferred Tax Liabilities i-----
Other Non-Current Liabilities--45.0K45.0K45.0K
Total Non-Current Liabilities i2.4M3.9M4.7M5.2M3.9M
Total Liabilities i11.8M14.8M14.7M12.4M12.8M
Equity
Common Stock i11.0K11.0K100.6K100.6K98.8K
Retained Earnings i-19.6M-17.7M-13.9M-12.6M-13.1M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i3.0M2.6M6.3M7.4M6.6M
Key Metrics
Total Debt i3.4M4.3M5.0M5.5M7.8M
Working Capital i272.6K534.1K4.4M5.6M3.4M

Balance Sheet Composition

Forward Industries Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i-2.0M-3.7M-1.4M523.8K-1.8M
Depreciation & Amortization i332.7K315.9K309.2K327.3K272.0K
Stock-Based Compensation i101.4K86.5K201.2K68.9K245.2K
Working Capital Changes i1.3M3.6M-486.6K-2.7M229.6K
Operating Cash Flow i-199.9K187.2K-1.4M-1.8M-1.4M
Investing Activities
Capital Expenditures i-65.2K-136.1K-169.6K-67.2K-68.5K
Acquisitions i---0-321.6K
Investment Purchases i-----
Investment Sales i-----
Investing Cash Flow i-65.2K-136.1K-169.6K-67.2K-390.1K
Financing Activities
Share Repurchases i-----
Dividends Paid i-----
Debt Issuance i---01.4M
Debt Repayment i-500.0K-300.0K-200.0K-1.3M-1.3M
Financing Cash Flow i-500.0K-300.0K-200.0K-2.3M-747.2K
Free Cash Flow i342.0K904.9K1.4M-595.5K-331.4K
Net Change in Cash i-765.1K-248.9K-1.7M-4.2M-2.5M

Cash Flow Trend

Forward Industries Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 34.90
Forward P/E 378.71
Price to Book 8.41
Price to Sales 99.82
PEG Ratio 0.31

Profitability Ratios

Profit Margin -14.50%
Operating Margin -102.61%
Return on Equity -237.26%
Return on Assets -28.39%

Financial Health

Current Ratio 1.51
Debt to Equity 97.31
Beta 0.56

Per Share Data

EPS (TTM) $-4.63
Book Value per Share $-1.41
Revenue per Share $22.81

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
ford2.3B34.908.41-237.26%-14.50%97.31
Nike 102.4B32.097.7423.29%6.95%83.41
Deckers Outdoor 15.3B16.266.2243.58%19.31%12.65
Skechers USA 9.5B14.411.9914.68%7.07%41.79
Birkenstock Holding 8.2B23.163.1211.64%15.14%51.97
Crocs 4.6B22.763.2315.39%5.72%124.80

Financial data is updated regularly. All figures are in the company's reporting currency.