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Stock Comparison

FWDI vs APH

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
FWDI
Forward Industries, Inc.

Apparel - Footwear & Accessories

Consumer CyclicalNASDAQ • US
Market Cap$34M
5Y Perf.-59.3%
APH
Amphenol Corporation

Hardware, Equipment & Parts

TechnologyNYSE • US
Market Cap$170.24B
5Y Perf.+473.6%

FWDI vs APH — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
FWDI logoFWDI
APH logoAPH
IndustryApparel - Footwear & AccessoriesHardware, Equipment & Parts
Market Cap$34M$170.24B
Revenue (TTM)$33M$25.90B
Net Income (TTM)$-752M$4.48B
Gross Margin62.2%37.3%
Operating Margin-22.8%26.0%
Forward P/E29.7x
Total Debt$3M$15.50B
Cash & Equiv.$38M$11.13B

FWDI vs APHLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

FWDI
APH
StockMay 20May 26Return
Forward Industries,… (FWDI)10040.7-59.3%
Amphenol Corporation (APH)100573.6+473.6%

Price return only. Dividends and distributions are not included.

Quick Verdict: FWDI vs APH

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: APH leads in 6 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
FWDI
Forward Industries, Inc.
The Defensive Pick

FWDI is the clearest fit if your priority is sleep-well-at-night.

  • Lower volatility, beta 3.15, Low D/E 0.2%, current ratio 15.14x
Best for: sleep-well-at-night
APH
Amphenol Corporation
The Income Pick

APH carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 15 yrs, beta 1.62, yield 0.5%
  • Rev growth 51.7%, EPS growth 74.0%, 3Y rev CAGR 22.3%
  • 9.2% 10Y total return vs FWDI's -81.5%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthAPH logoAPH51.7% revenue growth vs FWDI's -39.8%
Quality / MarginsAPH logoAPH17.3% margin vs FWDI's -22.8%
Stability / SafetyAPH logoAPHBeta 1.62 vs FWDI's 3.15
DividendsAPH logoAPH0.5% yield; 15-year raise streak; the other pay no meaningful dividend
Momentum (1Y)APH logoAPH+74.8% vs FWDI's -38.0%
Efficiency (ROA)APH logoAPH13.6% ROA vs FWDI's -84.2%, ROIC 28.3% vs -17.6%

FWDI vs APH — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

FWDIForward Industries, Inc.
FY 2024
Design
66.2%$20M
OEM Distribution
33.8%$10M
APHAmphenol Corporation
FY 2025
Communications Solutions
52.0%$12.2B
Harsh Environment Solutions
25.7%$6.0B
Interconnect Products And Assemblies
22.3%$5.2B

FWDI vs APH — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLAPHLAGGINGFWDI

Income & Cash Flow (Last 12 Months)

APH leads this category, winning 4 of 6 comparable metrics.

APH is the larger business by revenue, generating $25.9B annually — 784.8x FWDI's $33M. APH is the more profitable business, keeping 17.3% of every revenue dollar as net income compared to FWDI's -22.8%. On growth, FWDI holds the edge at +2.2% YoY revenue growth, suggesting stronger near-term business momentum.

MetricFWDI logoFWDIForward Industrie…APH logoAPHAmphenol Corporat…
RevenueTrailing 12 months$33M$25.9B
EBITDAEarnings before interest/tax-$754M$7.9B
Net IncomeAfter-tax profit-$752M$4.5B
Free Cash FlowCash after capex-$12M$4.6B
Gross MarginGross profit ÷ Revenue+62.2%+37.3%
Operating MarginEBIT ÷ Revenue-22.8%+26.0%
Net MarginNet income ÷ Revenue-22.8%+17.3%
FCF MarginFCF ÷ Revenue-37.4%+17.9%
Rev. Growth (YoY)Latest quarter vs prior year+2.2%+58.4%
EPS Growth (YoY)Latest quarter vs prior year-8.2%+24.1%
APH leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

FWDI leads this category, winning 3 of 3 comparable metrics.
MetricFWDI logoFWDIForward Industrie…APH logoAPHAmphenol Corporat…
Market CapShares × price$34M$170.2B
Enterprise ValueMkt cap + debt − cash-$2M$174.6B
Trailing P/EPrice ÷ TTM EPS-0.20x41.46x
Forward P/EPrice ÷ next-FY EPS est.29.69x
PEG RatioP/E ÷ EPS growth rate1.49x
EV / EBITDAEnterprise value multiple25.33x
Price / SalesMarket cap ÷ Revenue1.86x7.37x
Price / BookPrice ÷ Book value/share0.02x13.09x
Price / FCFMarket cap ÷ FCF38.88x
FWDI leads this category, winning 3 of 3 comparable metrics.

Profitability & Efficiency

APH leads this category, winning 5 of 9 comparable metrics.

APH delivers a 34.6% return on equity — every $100 of shareholder capital generates $35 in annual profit, vs $-85 for FWDI. FWDI carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to APH's 1.15x. On the Piotroski fundamental quality scale (0–9), APH scores 6/9 vs FWDI's 4/9, reflecting solid financial health.

MetricFWDI logoFWDIForward Industrie…APH logoAPHAmphenol Corporat…
ROE (TTM)Return on equity-85.4%+34.6%
ROA (TTM)Return on assets-84.2%+13.6%
ROICReturn on invested capital-17.6%+28.3%
ROCEReturn on capital employed-22.9%+25.5%
Piotroski ScoreFundamental quality 0–946
Debt / EquityFinancial leverage0.00x1.15x
Net DebtTotal debt minus cash-$36M$4.4B
Cash & Equiv.Liquid assets$38M$11.1B
Total DebtShort + long-term debt$3M$15.5B
Interest CoverageEBIT ÷ Interest expense18.72x13.54x
APH leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

APH leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in APH five years ago would be worth $42,142 today (with dividends reinvested), compared to $2,161 for FWDI. Over the past 12 months, APH leads with a +74.8% total return vs FWDI's -38.0%. The 3-year compound annual growth rate (CAGR) favors APH at 55.0% vs FWDI's -21.3% — a key indicator of consistent wealth creation.

MetricFWDI logoFWDIForward Industrie…APH logoAPHAmphenol Corporat…
YTD ReturnYear-to-date-32.0%-0.7%
1-Year ReturnPast 12 months-38.0%+74.8%
3-Year ReturnCumulative with dividends-51.3%+272.5%
5-Year ReturnCumulative with dividends-78.4%+321.4%
10-Year ReturnCumulative with dividends-81.5%+917.7%
CAGR (3Y)Annualised 3-year return-21.3%+55.0%
APH leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

APH leads this category, winning 2 of 2 comparable metrics.

APH is the less volatile stock with a 1.62 beta — it tends to amplify market swings less than FWDI's 3.15 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. APH currently trades 82.9% from its 52-week high vs FWDI's 10.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricFWDI logoFWDIForward Industrie…APH logoAPHAmphenol Corporat…
Beta (5Y)Sensitivity to S&P 5003.15x1.62x
52-Week HighHighest price in past year$46.00$167.04
52-Week LowLowest price in past year$4.03$79.10
% of 52W HighCurrent price vs 52-week peak+10.8%+82.9%
RSI (14)Momentum oscillator 0–10053.042.5
Avg Volume (50D)Average daily shares traded841K8.3M
APH leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

APH leads this category, winning 1 of 1 comparable metric.

APH is the only dividend payer here at 0.45% yield — a key consideration for income-focused portfolios.

MetricFWDI logoFWDIForward Industrie…APH logoAPHAmphenol Corporat…
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target$180.33
# AnalystsCovering analysts29
Dividend YieldAnnual dividend ÷ price+0.5%
Dividend StreakConsecutive years of raises015
Dividend / ShareAnnual DPS$0.63
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.4%
APH leads this category, winning 1 of 1 comparable metric.
Key Takeaway

APH leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FWDI leads in 1 (Valuation Metrics).

Best OverallAmphenol Corporation (APH)Leads 5 of 6 categories
Loading custom metrics...

FWDI vs APH: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is FWDI or APH a better buy right now?

For growth investors, Amphenol Corporation (APH) is the stronger pick with 51.

7% revenue growth year-over-year, versus -39. 8% for Forward Industries, Inc. (FWDI). Amphenol Corporation (APH) offers the better valuation at 41. 5x trailing P/E (29. 7x forward), making it the more compelling value choice. Analysts rate Amphenol Corporation (APH) a "Buy" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — FWDI or APH?

Over the past 5 years, Amphenol Corporation (APH) delivered a total return of +321.

4%, compared to -78. 4% for Forward Industries, Inc. (FWDI). Over 10 years, the gap is even starker: APH returned +917. 7% versus FWDI's -81. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — FWDI or APH?

By beta (market sensitivity over 5 years), Amphenol Corporation (APH) is the lower-risk stock at 1.

62β versus Forward Industries, Inc. 's 3. 15β — meaning FWDI is approximately 94% more volatile than APH relative to the S&P 500. On balance sheet safety, Forward Industries, Inc. (FWDI) carries a lower debt/equity ratio of 0% versus 115% for Amphenol Corporation — giving it more financial flexibility in a downturn.

04

Which is growing faster — FWDI or APH?

By revenue growth (latest reported year), Amphenol Corporation (APH) is pulling ahead at 51.

7% versus -39. 8% for Forward Industries, Inc. (FWDI). On earnings-per-share growth, the picture is similar: Amphenol Corporation grew EPS 74. 0% year-over-year, compared to -1289. 3% for Forward Industries, Inc.. Over a 3-year CAGR, APH leads at 22. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — FWDI or APH?

Amphenol Corporation (APH) is the more profitable company, earning 18.

5% net margin versus -918. 2% for Forward Industries, Inc. — meaning it keeps 18. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: APH leads at 25. 9% versus -929. 7% for FWDI. At the gross margin level — before operating expenses — APH leads at 36. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Which pays a better dividend — FWDI or APH?

In this comparison, APH (0.

5% yield) pays a dividend. FWDI does not pay a meaningful dividend and should not be held primarily for income.

07

Is FWDI or APH better for a retirement portfolio?

For long-horizon retirement investors, Amphenol Corporation (APH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+917.

7% 10Y return). Forward Industries, Inc. (FWDI) carries a higher beta of 3. 15 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (APH: +917. 7%, FWDI: -81. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

08

What are the main differences between FWDI and APH?

These companies operate in different sectors (FWDI (Consumer Cyclical) and APH (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: FWDI is a small-cap quality compounder stock; APH is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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FWDI

High-Growth Disruptor

  • Sector: Consumer Cyclical
  • Market Cap > $100B
  • Revenue Growth > 112%
  • Gross Margin > 37%
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APH

High-Growth Compounder

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 29%
  • Net Margin > 10%
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