Company / Operating Margin
Forward Industries, Inc. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
-46.1%
FY2025
5-year range
-46.1% / 1.5%
FY2021-FY2025
Trend
-328.8%
vs FY2024
Sector context
#87 of 88
Financials
What the data says
Operating Margin changed -329% YoY in FY2025, a notable deviation from the 9-year average annual change of -439%.
Based on SEC 10-K filings.
-46.1% in FY2025 with a 5-year CAGR of -40.4%.
Declined from 0.4% to -46.1% over the past 2 years.
Financials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -47.7pp
- 5-Year Change
- -40.4pp
- 10-Year Change
- -
Sector benchmark
Bottom 1% in FinancialsTop 99% of 88This company -46.1% Sector average 22.4%
▼
-305.9% below sector average
Key checks
Key Insights
- Forward Industries, Inc.'s operating margin has declined for 3 consecutive years.
- In FY2025, operating margin decreased 328.8% year-over-year.
- Currently 68.6pp below the Financials sector average.
- Peak operating margin was recorded 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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -46.1% | -328.8% |
| FY2024 | -10.8% | -2572.5% |
| FY2023 | 0.4% | -71.7% |
| FY2022 | 1.5% | +178.6% |
| FY2021 | -2.0% | +65.9% |
| FY2020 | -5.7% | +30.6% |
| FY2019 | -8.3% | -1195.9% |
| FY2018 | 0.8% | -68.7% |
| FY2017 | 2.4% | +7.6% |
| FY2016 | 2.2% | +144.6% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026