Company / Return on Equity (ROE)
Forward Industries, Inc. Return on Equity (ROE) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Return on Equity (ROE)
-11.4%
FY2025
5-year range
-142.8% / 7.0%
FY2021-FY2025
Trend
+82.7%
vs FY2024
Sector context
#372 of 386
Financials
What the data says
Forward Industries, Inc. reports negative total equity of -11.4% in FY2025. Negative equity can occur when accumulated losses exceed contributed capital, as reported in the balance sheet from the SEC filing.
Based on SEC 10-K filings.
-11.4% in FY2025 with a 5-year CAGR of +15.6%.
Improved from -142.8% to -11.4% over the past 2 years.
Financials sector context is included.
Return on Equity (ROE) over time
Growth rates
- 3-Year Change
- +10.6pp
- 5-Year Change
- +15.6pp
- 10-Year Change
- -
Sector benchmark
Bottom 4% in FinancialsTop 96% of 386This company -11.4% Sector average 16.7%
▼
-167.8% below sector average
Key checks
Key Insights
- In FY2025, return on equity (roe) increased 82.7% year-over-year.
- Currently 28.1pp below the Financials sector average.
- Peak return on equity (roe) was recorded in FY2018.
- Lowest return on equity (roe) 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 | Return on Equity (ROE)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | -11.4% | +82.7% |
| FY2024 | -65.7% | +54.0% |
| FY2023 | -142.8% | -549.5% |
| FY2022 | -22.0% | -412.4% |
| FY2021 | 7.0% | +126.1% |
| FY2020 | -27.0% | +42.3% |
| FY2019 | -46.7% | -476.0% |
| FY2018 | 12.4% | +91.5% |
| FY2017 | 6.5% | -12.5% |
| FY2016 | 7.4% | +138.0% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026