Company / Profit Margin
Forward Industries, Inc. Profit Margin History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Profit Margin
-9.8%
FY2024
5-year range
-10.2% / 1.3%
FY2020-FY2024
Trend
+4.1%
vs FY2023
Sector context
#222 of 231
Financials
What the data says
Among 231 Financials companies, Forward Industries, Inc. is in the bottom 4% for profit margin. Profit Margin returned to growth in FY2024 after 2 years of decline, reaching -9.8%.
Based on SEC 10-K filings.
-9.8% in FY2024 with a 5-year CAGR of -0.1%.
Declined from -3.6% to -9.8% over the past 2 years.
Financials sector context is included.
Profit Margin over time
Growth rates
- 3-Year Change
- -11.1pp
- 5-Year Change
- -0.1pp
- 10-Year Change
- -
Sector benchmark
Bottom 4% in FinancialsTop 96% of 231This company -9.8% Sector average 17.5%
▼
-155.8% below sector average
Key checks
Key Insights
- In FY2024, profit margin increased 4.1% year-over-year.
- Currently 27.2pp below the Financials sector average.
- Peak profit margin was recorded in FY2018.
- Lowest profit margin in the period was in FY2023.
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 | Profit MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | -9.8% | +4.1% |
| FY2023 | -10.2% | -182.0% |
| FY2022 | -3.6% | -369.4% |
| FY2021 | 1.3% | +126.0% |
| FY2020 | -5.1% | +46.5% |
| FY2019 | -9.6% | -340.8% |
| FY2018 | 4.0% | +70.9% |
| FY2017 | 2.3% | +5.9% |
| FY2016 | 2.2% | +146.2% |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026