Company / Gross Margin
Forward Industries, Inc. Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
28.5%
FY2025
5-year range
20.8% / 28.5%
FY2021-FY2025
Trend
+10.1%
vs FY2024
Sector context
#16 of 19
Financials
What the data says
Forward Industries, Inc.'s gross margin of 28.5% is lower than 84% of companies in the Financials sector (FY2025). Gross Margin has fluctuated over the past 10 years, ranging from 16.9% in FY2017 to 28.5% in FY2025.
Based on SEC 10-K filings.
28.5% in FY2025 with a 5-year CAGR of +9.3%.
Improved from 22.8% to 28.5% over the past 2 years.
Financials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +5.5pp
- 5-Year Change
- +9.3pp
- 10-Year Change
- -
Sector benchmark
Bottom 16% in FinancialsTop 84% of 19This company 28.5% Sector average 45.8%
▼
-37.7% below sector average
Key checks
Key Insights
- In FY2025, gross margin increased 10.1% year-over-year.
- Currently 17.3pp below the Financials sector average.
- Lowest gross margin in the period was in FY2017.
Company context
Key Data Points
- Altman Z-Score 128.18 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 28.5% | +10.1% |
| FY2024 | 25.9% | +13.7% |
| FY2023 | 22.8% | -1.0% |
| FY2022 | 23.0% | +10.5% |
| FY2021 | 20.8% | +8.3% |
| FY2020 | 19.3% | +9.4% |
| FY2019 | 17.6% | -7.6% |
| FY2018 | 19.0% | +12.5% |
| FY2017 | 16.9% | -8.4% |
| FY2016 | 18.5% | -4.2% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026