Last 47 quarters of trend data · Financial Services · Crypto & Digital Assets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -0.45 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 195.00 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | +414.3% | — | |
| P/S Ratio | 7.91 | 8.48 | 8.11 | 7.64 | 54.64 | 6.52 | 3.66 | 2.95 | 1.40 | 1.66 | 3.01 | 2.56 | 3.75 | 2.38 | 2.63 | 2.49 | 3.41 | 3.49 | 4.19 | 3.47 | 5.74 |
| — | +30.2% | +121.7% | +159.3% | +3798.8% | +292.3% | +21.5% | +14.9% | -62.7% | -30.3% | +14.4% | +2.8% | +10.2% | -31.7% | -37.3% | -28.1% | -40.6% | -55.3% | -50.1% | -26.2% | +49.1% | |
| P/B Ratio | 0.26 | 0.77 | 0.76 | 0.74 | 1.18 | 19.41 | 12.77 | 23.91 | 13.84 | 37.69 | 34.51 | 31.71 | 29.23 | 21.54 | 22.42 | 18.41 | 21.35 | 21.14 | 23.47 | 21.05 | 33.76 |
| — | -96.0% | -94.0% | -96.9% | -91.5% | -48.5% | -63.0% | -24.6% | -52.6% | +75.0% | +53.9% | +72.3% | +36.9% | +1.9% | -4.5% | -12.5% | -36.7% | -49.1% | -40.5% | -9.9% | +67.7% | |
| P/FCF | — | — | — | — | — | — | — | — | 22.14 | 30.70 | — | 190.37 | 41.62 | 42.70 | 379.47 | — | 96.16 | 47.02 | — | 37.61 | — |
| — | — | — | — | — | — | — | — | -46.8% | -28.1% | — | — | -56.7% | -9.2% | — | — | — | -97.8% | — | — | — | |
| EV / EBITDA | — | — | 46.36 | 16.48 | — | — | — | — | — | — | — | — | 9.36 | — | — | — | — | — | — | 142.90 | 2524.00 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | 16.52 | — | — | — | — | — | — | — | — | 9.51 | — | — | — | — | — | — | 193.08 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | +415.2% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.5% | 62.2% | 70.0% | 78.6% | 61.1% | -24.9% | -5.7% | 24.5% | 18.5% | 20.4% | 26.2% | 23.0% | 61.1% | 18.0% | 14.2% | 17.7% | 16.1% | 18.1% | 21.8% | 22.5% | 17.8% |
| — | +349.9% | +1322.8% | +220.8% | +231.2% | -222.2% | -121.8% | +6.7% | -69.8% | +13.1% | +84.8% | +29.4% | +279.7% | -0.6% | -35.0% | -21.3% | -9.5% | -17.3% | +5.2% | -3.2% | -9.5% | |
| Operating Margin | -35.0% | -651.8% | 18.8% | 44.9% | -16.5% | -102.6% | -58.3% | -14.6% | -8.6% | -4.8% | -12.2% | -5.3% | 39.1% | -5.2% | -7.9% | -4.3% | -7.6% | -3.6% | -3.1% | 1.8% | -0.5% |
| — | -535.3% | +132.3% | +408.3% | -91.7% | -2020.7% | -376.4% | -173.7% | -122.0% | +6.1% | -54.6% | -23.1% | +615.4% | -41.5% | -153.1% | -334.2% | -1572.2% | -235.3% | +67.8% | +207.0% | +65.0% | |
| Net Margin | -918.1% | -639.7% | -2184.1% | -2732.2% | -2063.6% | -34.1% | -46.5% | -15.3% | -8.8% | -5.1% | -10.9% | -5.0% | -37.3% | -5.3% | -8.2% | -3.6% | -8.0% | -4.3% | -3.8% | 1.6% | -0.8% |
| — | -1777.5% | -4598.8% | -17744.3% | -23393.0% | -572.5% | -326.1% | -209.1% | +76.4% | +4.4% | -33.5% | -36.0% | -367.5% | -24.2% | -116.2% | -334.9% | -937.8% | -274.6% | +62.0% | -87.4% | +38.1% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -22.7% | -13.4% | -39.5% | -49.8% | -22.3% | -24.5% | -49.6% | -27.0% | -29.5% | -25.3% | -27.1% | -14.4% | -53.5% | -11.3% | -16.0% | -6.5% | -11.8% | -6.3% | -5.2% | 2.4% | -1.1% |
| — | +45.2% | +20.2% | -84.6% | +24.7% | +3.0% | -82.9% | -87.8% | +44.8% | -123.5% | -69.0% | -121.4% | -352.9% | -79.8% | -209.1% | -372.4% | -948.5% | -289.1% | +53.5% | -85.7% | +32.7% | |
| ROA | -22.4% | -11.4% | -37.7% | -49.5% | -22.1% | -8.2% | -11.2% | -5.0% | -4.3% | -2.6% | -3.5% | -2.1% | -10.4% | -2.7% | -4.1% | -1.8% | -3.5% | -2.0% | -1.8% | 0.9% | -0.4% |
| — | -38.2% | -235.5% | -887.2% | -415.2% | -213.6% | -220.3% | -138.6% | +58.6% | +3.2% | +15.1% | -14.2% | -192.4% | -35.8% | -133.0% | -313.7% | -717.7% | -248.3% | +61.9% | -86.4% | +22.9% | |
| ROIC | -0.7% | -9.0% | 0.3% | 0.6% | -0.1% | -36.6% | -32.9% | -15.5% | -16.5% | -10.1% | -14.1% | -8.1% | 29.9% | -5.8% | -8.0% | -4.1% | -6.0% | -2.7% | -2.2% | 1.4% | -0.3% |
| — | +75.4% | +100.8% | +104.1% | +99.2% | -262.9% | -132.8% | -91.6% | -155.0% | -75.1% | -76.4% | -97.4% | +600.4% | -111.3% | -264.7% | -384.0% | -1748.2% | -251.0% | +59.5% | +233.0% | +57.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.25 | 0.10 | 0.01 | 0.00 | 0.97 | 0.94 | 1.53 | 1.16 | 2.55 | 2.15 | 1.73 | 1.66 | 1.01 | 0.95 | 0.83 | 0.80 | 0.75 | 0.74 | 0.73 | 0.74 |
| — | -74.3% | -89.8% | -99.6% | -99.9% | -61.8% | -56.1% | -11.7% | -30.4% | +151.1% | +126.3% | +107.4% | +107.2% | +34.6% | +28.9% | +14.9% | +8.6% | +0.3% | +1.6% | -9.8% | -37.3% | |
| Debt / EBITDA | — | — | 21.51 | 0.61 | — | — | — | — | — | — | — | — | 2.10 | — | — | — | — | — | — | 19.34 | 217.49 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 15.14 | 0.17 | 0.40 | 6.24 | 15.14 | 1.51 | 1.19 | 0.98 | 1.03 | 0.86 | 0.88 | 0.93 | 1.05 | 1.23 | 1.28 | 1.34 | 1.44 | 1.45 | 1.35 | 1.40 | 1.78 |
| — | -88.6% | -66.7% | +536.0% | +1370.8% | +75.9% | +34.9% | +5.8% | -1.9% | -30.2% | -31.2% | -30.8% | -27.0% | -14.8% | -5.3% | -4.1% | -19.1% | -24.2% | -33.0% | -10.9% | +28.2% | |
| Quick Ratio | 15.14 | 0.17 | 0.40 | 6.24 | 15.14 | 1.51 | 1.19 | 0.90 | 0.98 | 0.84 | 0.85 | 0.89 | 1.02 | 1.06 | 1.01 | 0.98 | 1.06 | 1.02 | 1.00 | 1.12 | 1.49 |
| — | -88.6% | -66.7% | +596.8% | +1449.5% | +80.4% | +39.4% | +0.4% | -4.1% | -20.5% | -15.9% | -9.0% | -3.6% | +3.7% | +1.3% | -12.3% | -29.1% | -36.3% | -37.5% | -20.1% | +20.1% | |
| Interest Coverage | -3439.34 | -136.75 | -4797.36 | — | -12379.63 | -197.72 | -152.95 | -74.02 | -49.75 | -25.09 | -35.95 | -19.05 | 85.07 | -20.07 | -31.52 | -14.39 | -25.64 | -12.77 | -10.55 | 6.48 | -1.54 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying FWDI stock.
Forward Industries, Inc.'s current P/E is -0.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Forward Industries, Inc.'s current operating margin is -35.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Forward Industries, Inc.'s business trajectory between earnings reports.