Forward Industries annual return on equity
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Forward Industries Return on Equity (ROE) Growth & History (FWDI)
Forward Industries's return on equity was −22.67% for fiscal 2025.
View full Forward Industries company overviewForward Industries annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-30 | −22.67% | +47.20 pp |
| 2024 | 2024-09-30 | −69.87% | +14.26 pp |
| 2023 | 2023-09-30 | −84.13% | −64.03 pp |
| 2022 | 2022-09-30 | −20.11% | −27.57 pp |
| 2021 | 2021-09-30 | 7.47% | +32.31 pp |
| 2020 | 2020-09-30 | −24.84% | +13.48 pp |
| 2019 | 2019-09-30 | −38.32% | −52.09 pp |
| 2018 | 2018-09-30 | 13.77% | +7.00 pp |
| 2017 | 2017-09-30 | 6.77% | −1.05 pp |
| 2016 | 2016-09-30 | 7.82% | +23.95 pp |
| 2015 | 2015-09-30 | −16.13% | −8.07 pp |
| 2014 | 2014-09-30 | −8.06% | −5.84 pp |
| 2013 | 2013-09-30 | −2.23% | +66.91 pp |
| 2012 | 2012-09-30 | −69.13% | −54.59 pp |
| 2011 | 2011-09-30 | −14.54% | — |
Forward Industries quarterly return on equity
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Q3.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-30 | −13.45% | +11.09 pp |
| Q2 2026 | 2026-03-31 | −39.53% | +10.03 pp |
| Q1 2026 | 2025-12-31 | −49.82% | −22.83 pp |
| Q4 2025 | 2025-09-30 | −22.26% | +7.28 pp |
| Q3 2025 | 2025-06-30 | −24.53% | +0.75 pp |
| Q2 2025 | 2025-03-31 | −49.56% | −22.46 pp |
| Q1 2025 | 2024-12-31 | −26.99% | −12.62 pp |
| Q4 2024 | 2024-09-30 | −29.54% | +23.94 pp |
| Q3 2024 | 2024-06-30 | −25.29% | −13.97 pp |
| Q2 2024 | 2024-03-31 | −27.10% | −11.07 pp |
| Q1 2024 | 2023-12-31 | −14.37% | −7.28 pp |
| Q4 2023 | 2023-09-30 | −53.48% | −41.67 pp |
| Q3 2023 | 2023-06-30 | −11.31% | −5.48 pp |
| Q2 2023 | 2023-03-31 | −16.03% | −11.29 pp |
| Q1 2023 | 2022-12-31 | −7.10% | −9.48 pp |
| Q4 2022 | 2022-09-30 | −11.81% | −10.68 pp |
| Q3 2022 | 2022-06-30 | −5.83% | −9.16 pp |
| Q2 2022 | 2022-03-31 | −4.74% | +6.40 pp |
| Q1 2022 | 2021-12-31 | 2.38% | −14.26 pp |
| Q4 2021 | 2021-09-30 | −1.13% | +0.55 pp |
| Q3 2021 | 2021-06-30 | 3.33% | +6.77 pp |
| Q2 2021 | 2021-03-31 | −11.14% | +8.46 pp |
| Q1 2021 | 2020-12-31 | 16.64% | +17.71 pp |
| Q4 2020 | 2020-09-30 | −1.67% | +19.67 pp |
| Q3 2020 | 2020-06-30 | −3.44% | −2.35 pp |
| Q2 2020 | 2020-03-31 | −19.61% | −8.39 pp |
| Q1 2020 | 2019-12-31 | −1.06% | +3.83 pp |
| Q4 2019 | 2019-09-30 | −21.35% | −22.70 pp |
| Q3 2019 | 2019-06-30 | −1.09% | −3.29 pp |
| Q2 2019 | 2019-03-31 | −11.22% | −20.97 pp |
| Q1 2019 | 2018-12-31 | −4.89% | −5.42 pp |
| Q4 2018 | 2018-09-30 | 1.35% | +0.07 pp |
| Q3 2018 | 2018-06-30 | 2.20% | −4.33 pp |
| Q2 2018 | 2018-03-31 | 9.76% | +12.63 pp |
| Q1 2018 | 2017-12-31 | 0.52% | −1.31 pp |
| Q4 2017 | 2017-09-30 | 1.28% | −0.45 pp |
| Q3 2017 | 2017-06-30 | 6.53% | +5.55 pp |
| Q2 2017 | 2017-03-31 | −2.87% | −4.73 pp |
| Q1 2017 | 2016-12-31 | 1.83% | −1.43 pp |
| Q4 2016 | 2016-09-30 | 1.74% | −1.90 pp |
| Q3 2016 | 2016-06-30 | 0.98% | −6.36 pp |
| Q2 2016 | 2016-03-31 | 1.86% | +11.92 pp |
| Q1 2016 | 2015-12-31 | 3.26% | +20.27 pp |
| Q4 2015 | 2015-09-30 | 3.63% | +12.09 pp |
| Q3 2015 | 2015-06-30 | 7.35% | +7.15 pp |
| Q2 2015 | 2015-03-31 | −10.06% | −7.02 pp |
| Q1 2015 | 2014-12-31 | −17.01% | −20.69 pp |
| Q4 2014 | 2014-09-30 | −8.46% | −5.84 pp |
| Q3 2014 | 2014-06-30 | 0.20% | +2.73 pp |
| Q2 2014 | 2014-03-31 | −3.04% | −4.58 pp |
| Q1 2014 | 2013-12-31 | 3.68% | +2.19 pp |
| Q4 2013 | 2013-09-30 | −2.63% | +27.61 pp |
| Q3 2013 | 2013-06-30 | −2.54% | +20.79 pp |
| Q2 2013 | 2013-03-31 | 1.54% | +10.83 pp |
| Q1 2013 | 2012-12-31 | 1.49% | +9.90 pp |
| Q4 2012 | 2012-09-30 | −30.23% | −21.60 pp |
| Q3 2012 | 2012-06-30 | −23.32% | −20.03 pp |
| Q2 2012 | 2012-03-31 | −9.29% | — |
| Q1 2012 | 2011-12-31 | −8.41% | — |
| Q4 2011 | 2011-09-30 | −8.63% | — |
| Q3 2011 | 2011-06-30 | −3.29% | — |
Forward Industries return on equity trends
Over the last five fiscal years, Forward Industries's return on equity increased from −24.84% to −22.67%, a change of +2.17 percentage points. The latest reported quarter, Q3 2026, shows −13.45%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Forward Industries source filings ↗