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Stock Comparison

FWDI vs KOSS vs UEIC vs LIQT

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$32M
5Y Perf.-61.7%
KOSS
Koss Corporation

Consumer Electronics

TechnologyNASDAQ • US
Market Cap$40M
5Y Perf.+270.1%
UEIC
Universal Electronics Inc.

Hardware, Equipment & Parts

TechnologyNASDAQ • US
Market Cap$55M
5Y Perf.-90.3%
LIQT
LiqTech International, Inc.

Industrial - Pollution & Treatment Controls

IndustrialsNASDAQ • DK
Market Cap$22M
5Y Perf.-95.3%

FWDI vs KOSS vs UEIC vs LIQT — Key Financials

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

Company Snapshot
FWDI logoFWDI
KOSS logoKOSS
UEIC logoUEIC
LIQT logoLIQT
IndustryApparel - Footwear & AccessoriesConsumer ElectronicsHardware, Equipment & PartsIndustrial - Pollution & Treatment Controls
Market Cap$32M$40M$55M$22M
Revenue (TTM)$33M$13M$368M$17M
Net Income (TTM)$-752M$-871K$-19M$-9M
Gross Margin62.2%36.4%28.0%4.9%
Operating Margin-22.8%-15.8%-1.6%-50.0%
Total Debt$3M$3M$33M$12M
Cash & Equiv.$38M$3M$32M

FWDI vs KOSS vs UEIC vs LIQTLong-Term Stock Performance

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

FWDI
KOSS
UEIC
LIQT
StockMay 20May 26Return
Forward Industries,… (FWDI)10038.3-61.7%
Koss Corporation (KOSS)100370.1+270.1%
Universal Electroni… (UEIC)1009.7-90.3%
LiqTech Internation… (LIQT)1004.7-95.3%

Price return only. Dividends and distributions are not included.

Quick Verdict: FWDI vs KOSS vs UEIC vs LIQT

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

Bottom line: LIQT leads in 3 of 6 categories, making it the strongest pick for growth and revenue expansion and capital preservation and lower volatility. Koss Corporation is the stronger pick specifically for operational efficiency and capital deployment. UEIC also leads in specific categories worth noting. This set spans 3 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 and defensive.

  • Lower volatility, beta 3.15, Low D/E 0.2%, current ratio 15.14x
  • Beta 3.15, current ratio 15.14x
Best for: sleep-well-at-night and defensive
KOSS
Koss Corporation
The Long-Run Compounder

KOSS is the #2 pick in this set and the best alternative if long-term compounding is your priority.

  • 91.0% 10Y total return vs FWDI's -82.8%
  • -2.3% ROA vs FWDI's -84.2%, ROIC -4.2% vs -17.6%
Best for: long-term compounding
UEIC
Universal Electronics Inc.
The Income Pick

UEIC is the clearest fit if your priority is income & stability.

  • Dividend streak 1 yrs, beta 0.80
  • -5.1% margin vs FWDI's -22.8%
Best for: income & stability
LIQT
LiqTech International, Inc.
The Growth Play

LIQT carries the broadest edge in this set and is the clearest fit for growth exposure.

  • Rev growth 13.0%, EPS growth 45.7%, 3Y rev CAGR 1.1%
  • 13.0% revenue growth vs FWDI's -39.8%
  • Beta 0.52 vs FWDI's 3.15
  • +64.8% vs FWDI's -36.4%
Best for: growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthLIQT logoLIQT13.0% revenue growth vs FWDI's -39.8%
Quality / MarginsUEIC logoUEIC-5.1% margin vs FWDI's -22.8%
Stability / SafetyLIQT logoLIQTBeta 0.52 vs FWDI's 3.15
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)LIQT logoLIQT+64.8% vs FWDI's -36.4%
Efficiency (ROA)KOSS logoKOSS-2.3% ROA vs FWDI's -84.2%, ROIC -4.2% vs -17.6%

FWDI vs KOSS vs UEIC vs LIQT — 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
KOSSKoss Corporation

Segment breakdown not available.

UEICUniversal Electronics Inc.
FY 2025
Home Entertainment
66.0%$243M
Connected Home
34.0%$125M
LIQTLiqTech International, Inc.
FY 2024
Ceramics Segment
38.6%$6M
Water Segment
37.9%$6M
Plastics Segment
23.2%$3M
Corporate Segment
0.3%$49,496

FWDI vs KOSS vs UEIC vs LIQT — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLUEICLAGGINGFWDI

Income & Cash Flow (Last 12 Months)

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

UEIC is the larger business by revenue, generating $368M annually — 28.8x KOSS's $13M. UEIC is the more profitable business, keeping -5.1% 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…KOSS logoKOSSKoss CorporationUEIC logoUEICUniversal Electro…LIQT logoLIQTLiqTech Internati…
RevenueTrailing 12 months$33M$13M$368M$17M
EBITDAEarnings before interest/tax-$754M-$2M$9M-$6M
Net IncomeAfter-tax profit-$752M-$871,116-$19M-$9M
Free Cash FlowCash after capex-$12M-$546,651$17M-$7M
Gross MarginGross profit ÷ Revenue+62.2%+36.4%+28.0%+4.9%
Operating MarginEBIT ÷ Revenue-22.8%-15.8%-1.6%-50.0%
Net MarginNet income ÷ Revenue-22.8%-6.8%-5.1%-53.3%
FCF MarginFCF ÷ Revenue-37.4%-4.3%+4.7%-39.3%
Rev. Growth (YoY)Latest quarter vs prior year+2.2%-19.6%-20.6%+53.6%
EPS Growth (YoY)Latest quarter vs prior year-8.2%+76.3%+69.4%
UEIC leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

Evenly matched — FWDI and KOSS and UEIC each lead in 1 of 3 comparable metrics.
MetricFWDI logoFWDIForward Industrie…KOSS logoKOSSKoss CorporationUEIC logoUEICUniversal Electro…LIQT logoLIQTLiqTech Internati…
Market CapShares × price$32M$40M$55M$22M
Enterprise ValueMkt cap + debt − cash-$4M$39M$56M$34M
Trailing P/EPrice ÷ TTM EPS-0.19x-44.78x-3.11x-2.59x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple4.00x
Price / SalesMarket cap ÷ Revenue1.74x3.14x0.15x1.35x
Price / BookPrice ÷ Book value/share0.02x1.28x0.39x2.14x
Price / FCFMarket cap ÷ FCF2.80x
Evenly matched — FWDI and KOSS and UEIC each lead in 1 of 3 comparable metrics.

Profitability & Efficiency

Evenly matched — FWDI and KOSS and UEIC each lead in 3 of 9 comparable metrics.

KOSS delivers a -2.8% return on equity — every $100 of shareholder capital generates $-3 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 LIQT's 1.17x. On the Piotroski fundamental quality scale (0–9), UEIC scores 6/9 vs LIQT's 2/9, reflecting solid financial health.

MetricFWDI logoFWDIForward Industrie…KOSS logoKOSSKoss CorporationUEIC logoUEICUniversal Electro…LIQT logoLIQTLiqTech Internati…
ROE (TTM)Return on equity-85.4%-2.8%-12.5%-70.0%
ROA (TTM)Return on assets-84.2%-2.3%-6.4%-29.5%
ROICReturn on invested capital-17.6%-4.2%-0.0%-31.1%
ROCEReturn on capital employed-22.9%-4.9%-0.1%
Piotroski ScoreFundamental quality 0–94562
Debt / EquityFinancial leverage0.00x0.08x0.23x1.17x
Net DebtTotal debt minus cash-$36M-$266,063$1M$12M
Cash & Equiv.Liquid assets$38M$3M$32M
Total DebtShort + long-term debt$3M$3M$33M$12M
Interest CoverageEBIT ÷ Interest expense18.72x-1972.72x-14.08x-13.46x
Evenly matched — FWDI and KOSS and UEIC each lead in 3 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in KOSS five years ago would be worth $2,429 today (with dividends reinvested), compared to $391 for LIQT. Over the past 12 months, LIQT leads with a +64.8% total return vs FWDI's -36.4%. The 3-year compound annual growth rate (CAGR) favors KOSS at 1.7% vs FWDI's -22.9% — a key indicator of consistent wealth creation.

MetricFWDI logoFWDIForward Industrie…KOSS logoKOSSKoss CorporationUEIC logoUEICUniversal Electro…LIQT logoLIQTLiqTech Internati…
YTD ReturnYear-to-date-36.1%-3.6%+20.7%+54.9%
1-Year ReturnPast 12 months-36.4%-10.6%-25.1%+64.8%
3-Year ReturnCumulative with dividends-54.2%+5.3%-50.3%-31.3%
5-Year ReturnCumulative with dividends-80.8%-75.7%-91.3%-96.1%
10-Year ReturnCumulative with dividends-82.8%+91.0%-93.1%-90.9%
CAGR (3Y)Annualised 3-year return-22.9%+1.7%-20.8%-11.8%
KOSS leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

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

LIQT is the less volatile stock with a 0.52 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. LIQT currently trades 68.9% from its 52-week high vs FWDI's 10.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricFWDI logoFWDIForward Industrie…KOSS logoKOSSKoss CorporationUEIC logoUEICUniversal Electro…LIQT logoLIQTLiqTech Internati…
Beta (5Y)Sensitivity to S&P 5003.15x1.62x0.80x0.52x
52-Week HighHighest price in past year$46.00$8.59$7.50$3.35
52-Week LowLowest price in past year$4.03$3.50$2.69$1.30
% of 52W HighCurrent price vs 52-week peak+10.2%+48.7%+58.4%+68.9%
RSI (14)Momentum oscillator 0–10057.355.253.357.0
Avg Volume (50D)Average daily shares traded844K23K55K50K
LIQT leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

UEIC leads this category, winning 1 of 1 comparable metric.
MetricFWDI logoFWDIForward Industrie…KOSS logoKOSSKoss CorporationUEIC logoUEICUniversal Electro…LIQT logoLIQTLiqTech Internati…
Analyst RatingConsensus buy/hold/sell
Price TargetConsensus 12-month target
# AnalystsCovering analysts
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises001
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%+5.6%0.0%
UEIC leads this category, winning 1 of 1 comparable metric.
Key Takeaway

UEIC leads in 2 of 6 categories (Income & Cash Flow, Analyst Outlook). KOSS leads in 1 (Total Returns). 2 tied.

Best OverallUniversal Electronics Inc. (UEIC)Leads 2 of 6 categories
Loading custom metrics...

FWDI vs KOSS vs UEIC vs LIQT: Key Questions Answered

8 questions · data-driven answers · updated daily

01

Is FWDI or KOSS or UEIC or LIQT a better buy right now?

For growth investors, LiqTech International, Inc.

(LIQT) is the stronger pick with 13. 0% revenue growth year-over-year, versus -39. 8% for Forward Industries, Inc. (FWDI). 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 KOSS or UEIC or LIQT?

Over the past 5 years, Koss Corporation (KOSS) delivered a total return of -75.

7%, compared to -96. 1% for LiqTech International, Inc. (LIQT). Over 10 years, the gap is even starker: KOSS returned +91. 0% versus UEIC's -93. 1%. 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 KOSS or UEIC or LIQT?

By beta (market sensitivity over 5 years), LiqTech International, Inc.

(LIQT) is the lower-risk stock at 0. 52β versus Forward Industries, Inc. 's 3. 15β — meaning FWDI is approximately 501% more volatile than LIQT relative to the S&P 500. On balance sheet safety, Forward Industries, Inc. (FWDI) carries a lower debt/equity ratio of 0% versus 117% for LiqTech International, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — FWDI or KOSS or UEIC or LIQT?

By revenue growth (latest reported year), LiqTech International, Inc.

(LIQT) is pulling ahead at 13. 0% versus -39. 8% for Forward Industries, Inc. (FWDI). On earnings-per-share growth, the picture is similar: LiqTech International, Inc. grew EPS 45. 7% year-over-year, compared to -1289. 3% for Forward Industries, Inc.. Over a 3-year CAGR, LIQT leads at 1. 1% 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 KOSS or UEIC or LIQT?

Universal Electronics Inc.

(UEIC) is the more profitable company, earning -5. 1% net margin versus -918. 2% for Forward Industries, Inc. — meaning it keeps -5. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: UEIC leads at -0. 0% versus -929. 7% for FWDI. At the gross margin level — before operating expenses — KOSS leads at 37. 8%, 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 KOSS or UEIC or LIQT?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

07

Is FWDI or KOSS or UEIC or LIQT better for a retirement portfolio?

For long-horizon retirement investors, LiqTech International, Inc.

(LIQT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 52)). 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 (LIQT: -90. 9%, FWDI: -82. 8%), 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 KOSS and UEIC and LIQT?

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

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.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.

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FWDI

High-Growth Disruptor

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

Quality Business

  • Sector: Technology
  • Market Cap > $100B
  • Gross Margin > 21%
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UEIC

Quality Business

  • Sector: Technology
  • Market Cap > $100B
  • Gross Margin > 16%
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LIQT

High-Growth Disruptor

  • Sector: Industrials
  • Market Cap > $100B
  • Revenue Growth > 26%
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Beat Both

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Revenue Growth>
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(FWDI: 224.0% · KOSS: -19.6%)

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