FORWARD INDUSTRIES, INC. (FWDI) Return on equity 2017–2025
FORWARD INDUSTRIES, INC. (FWDI) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-11.4%FY2025 · since FY2017: 6.5% → -11.4%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -11.4% | +54.4 pp |
| FY2024 | -65.7% | +77.1 pp |
| FY2023 | -142.8% | -120.8 pp |
| FY2022 | -22.0% | -29.0 pp |
| FY2021 | 7.0% | +34.0 pp |
| FY2020 | -27.0% | +19.8 pp |
| FY2019 | -46.7% | -59.2 pp |
| FY2018 | 12.4% | +5.9 pp |
| FY2017 | 6.5% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice