Forward Industries (FWDI) Competitors

$4.58 0.00 (0.00%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$4.48 -0.10 (-2.16%)

As of 05/22/2026 07:53 PM Eastern

FWDI vs. SWIM, KRT, DSWL, NEWH, and NCL

Should you buy Forward Industries stock or one of its competitors? MarketBeat compares Forward Industries with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Forward Industries include Latham Group (SWIM), Karat Packaging (KRT), Deswell Industries (DSWL), NewHydrogen (NEWH), and Northann (NCL). These companies are all part of the "rubber and plastic products" industry.

How does Forward Industries compare to Latham Group?

Forward Industries (NASDAQ:FWDI) and Latham Group (NASDAQ:SWIM) are both small-cap rubber and plastic products companies, but which is the superior investment? We will compare the two businesses based on the strength of their media sentiment, institutional ownership, earnings, dividends, profitability, risk, valuation and analyst recommendations.

In the previous week, Latham Group had 7 more articles in the media than Forward Industries. MarketBeat recorded 8 mentions for Latham Group and 1 mentions for Forward Industries. Latham Group's average media sentiment score of 1.06 beat Forward Industries' score of 0.00 indicating that Latham Group is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Forward Industries	0 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
Latham Group	3 Very Positive mention(s)	0 Positive mention(s)	3 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

Forward Industries has a beta of 0.78, meaning that its stock price is 22% less volatile than the broader market. Comparatively, Latham Group has a beta of 1.72, meaning that its stock price is 72% more volatile than the broader market.

Latham Group has a net margin of 1.55% compared to Forward Industries' net margin of -2,305.12%. Latham Group's return on equity of 2.13% beat Forward Industries' return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Forward Industries	-2,305.12%	-21.42%	-20.82%
Latham Group	1.55%	2.13%	1.02%

Forward Industries presently has a consensus target price of $7.00, indicating a potential upside of 52.84%. Latham Group has a consensus target price of $7.50, indicating a potential upside of 43.68%. Given Forward Industries' higher probable upside, equities analysts clearly believe Forward Industries is more favorable than Latham Group.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Forward Industries	1 Sell rating(s)	1 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.00
Latham Group	2 Sell rating(s)	3 Hold rating(s)	2 Buy rating(s)	0 Strong Buy rating(s)	2.00

Latham Group has higher revenue and earnings than Forward Industries. Forward Industries is trading at a lower price-to-earnings ratio than Latham Group, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Forward Industries	$18.19M	18.80	-$166.97M	-$2.05	N/A
Latham Group	$545.91M	1.12	$11.12M	$0.07	74.57

84.0% of Latham Group shares are owned by institutional investors. 15.9% of Forward Industries shares are owned by company insiders. Comparatively, 3.3% of Latham Group shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Summary

Latham Group beats Forward Industries on 12 of the 15 factors compared between the two stocks.

How does Forward Industries compare to Karat Packaging?

Forward Industries (NASDAQ:FWDI) and Karat Packaging (NASDAQ:KRT) are both small-cap rubber and plastic products companies, but which is the superior business? We will compare the two companies based on the strength of their media sentiment, valuation, dividends, analyst recommendations, risk, profitability, institutional ownership and earnings.

Forward Industries has a beta of 0.78, indicating that its share price is 22% less volatile than the broader market. Comparatively, Karat Packaging has a beta of 0.93, indicating that its share price is 7% less volatile than the broader market.

In the previous week, Forward Industries and Forward Industries both had 1 articles in the media. Forward Industries' average media sentiment score of 0.00 equaled Karat Packaging'saverage media sentiment score.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Forward Industries	0 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
Karat Packaging	0 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral

Karat Packaging has higher revenue and earnings than Forward Industries. Forward Industries is trading at a lower price-to-earnings ratio than Karat Packaging, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Forward Industries	$18.19M	18.80	-$166.97M	-$2.05	N/A
Karat Packaging	$467.74M	1.13	$31.48M	$1.58	16.80

Forward Industries presently has a consensus target price of $7.00, suggesting a potential upside of 52.84%. Karat Packaging has a consensus target price of $31.50, suggesting a potential upside of 18.64%. Given Forward Industries' higher possible upside, equities analysts clearly believe Forward Industries is more favorable than Karat Packaging.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Forward Industries	1 Sell rating(s)	1 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.00
Karat Packaging	1 Sell rating(s)	2 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.00

Karat Packaging has a net margin of 6.61% compared to Forward Industries' net margin of -2,305.12%. Karat Packaging's return on equity of 19.87% beat Forward Industries' return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Forward Industries	-2,305.12%	-21.42%	-20.82%
Karat Packaging	6.61%	19.87%	10.59%

25.2% of Karat Packaging shares are owned by institutional investors. 15.9% of Forward Industries shares are owned by insiders. Comparatively, 57.9% of Karat Packaging shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Summary

Karat Packaging beats Forward Industries on 10 of the 12 factors compared between the two stocks.

How does Forward Industries compare to Deswell Industries?

Forward Industries (NASDAQ:FWDI) and Deswell Industries (NASDAQ:DSWL) are both small-cap rubber and plastic products companies, but which is the superior investment? We will compare the two companies based on the strength of their risk, analyst recommendations, valuation, profitability, media sentiment, dividends, institutional ownership and earnings.

Forward Industries has a beta of 0.78, indicating that its share price is 22% less volatile than the broader market. Comparatively, Deswell Industries has a beta of 0.67, indicating that its share price is 33% less volatile than the broader market.

Deswell Industries has a net margin of 0.00% compared to Forward Industries' net margin of -2,305.12%. Deswell Industries' return on equity of 0.00% beat Forward Industries' return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Forward Industries	-2,305.12%	-21.42%	-20.82%
Deswell Industries	N/A	N/A	N/A

Forward Industries currently has a consensus price target of $7.00, suggesting a potential upside of 52.84%. Given Forward Industries' higher probable upside, equities research analysts clearly believe Forward Industries is more favorable than Deswell Industries.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Forward Industries	1 Sell rating(s)	1 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.00
Deswell Industries	0 Sell rating(s)	1 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00

In the previous week, Forward Industries had 1 more articles in the media than Deswell Industries. MarketBeat recorded 1 mentions for Forward Industries and 0 mentions for Deswell Industries. Forward Industries' average media sentiment score of 0.00 equaled Deswell Industries'average media sentiment score.

Company	Overall Sentiment
Forward Industries	Neutral
Deswell Industries	Neutral

Deswell Industries has higher revenue and earnings than Forward Industries. Forward Industries is trading at a lower price-to-earnings ratio than Deswell Industries, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Forward Industries	$18.19M	18.80	-$166.97M	-$2.05	N/A
Deswell Industries	$67.61M	0.81	$11.14M	$0.48	7.18

Summary

Deswell Industries beats Forward Industries on 7 of the 12 factors compared between the two stocks.

How does Forward Industries compare to NewHydrogen?

NewHydrogen (NASDAQ:NEWH) and Forward Industries (NASDAQ:FWDI) are both small-cap rubber and plastic products companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, institutional ownership, risk, media sentiment, profitability, earnings and valuation.

Forward Industries has a consensus price target of $7.00, indicating a potential upside of 52.84%. Given Forward Industries' stronger consensus rating and higher possible upside, analysts clearly believe Forward Industries is more favorable than NewHydrogen.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NewHydrogen	0 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	0.00
Forward Industries	1 Sell rating(s)	1 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.00

NewHydrogen has a beta of 0.11, meaning that its share price is 89% less volatile than the broader market. Comparatively, Forward Industries has a beta of 0.78, meaning that its share price is 22% less volatile than the broader market.

NewHydrogen has a net margin of 0.00% compared to Forward Industries' net margin of -2,305.12%. Forward Industries' return on equity of -21.42% beat NewHydrogen's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
NewHydrogen	N/A	-11,574.14%	-57.49%
Forward Industries	-2,305.12%	-21.42%	-20.82%

0.0% of NewHydrogen shares are owned by institutional investors. 26.8% of NewHydrogen shares are owned by company insiders. Comparatively, 15.9% of Forward Industries shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

NewHydrogen has higher earnings, but lower revenue than Forward Industries.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
NewHydrogen	N/A	N/A	-$3.18M	N/A	N/A
Forward Industries	$18.19M	18.80	-$166.97M	-$2.05	N/A

In the previous week, Forward Industries had 1 more articles in the media than NewHydrogen. MarketBeat recorded 1 mentions for Forward Industries and 0 mentions for NewHydrogen. NewHydrogen's average media sentiment score of 0.00 equaled Forward Industries'average media sentiment score.

Company	Overall Sentiment
NewHydrogen	Neutral
Forward Industries	Neutral

Summary

Forward Industries beats NewHydrogen on 8 of the 12 factors compared between the two stocks.

How does Forward Industries compare to Northann?

Forward Industries (NASDAQ:FWDI) and Northann (NYSE:NCL) are both small-cap rubber and plastic products companies, but which is the superior business? We will compare the two businesses based on the strength of their media sentiment, institutional ownership, analyst recommendations, dividends, profitability, valuation, risk and earnings.

In the previous week, Forward Industries had 1 more articles in the media than Northann. MarketBeat recorded 1 mentions for Forward Industries and 0 mentions for Northann. Forward Industries' average media sentiment score of 0.00 beat Northann's score of -1.17 indicating that Forward Industries is being referred to more favorably in the media.

Company	Overall Sentiment
Forward Industries	Neutral
Northann	Negative

0.3% of Northann shares are held by institutional investors. 15.9% of Forward Industries shares are held by insiders. Comparatively, 8.2% of Northann shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Forward Industries currently has a consensus price target of $7.00, indicating a potential upside of 52.84%. Given Forward Industries' stronger consensus rating and higher possible upside, analysts plainly believe Forward Industries is more favorable than Northann.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Forward Industries	1 Sell rating(s)	1 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.00
Northann	0 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	0.00

Northann has a net margin of -26.58% compared to Forward Industries' net margin of -2,305.12%. Forward Industries' return on equity of -21.42% beat Northann's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Forward Industries	-2,305.12%	-21.42%	-20.82%
Northann	-26.58%	-456.34%	-30.35%

Forward Industries has a beta of 0.78, suggesting that its share price is 22% less volatile than the broader market. Comparatively, Northann has a beta of 0.82, suggesting that its share price is 18% less volatile than the broader market.

Northann has lower revenue, but higher earnings than Forward Industries. Forward Industries is trading at a lower price-to-earnings ratio than Northann, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Forward Industries	$18.19M	18.80	-$166.97M	-$2.05	N/A
Northann	$13.60M	0.63	-$7.13M	-$0.47	N/A

Summary

Forward Industries beats Northann on 10 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding FWDI and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.

Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.

FWDI vs. The Competition

Export

Metric	Forward Industries	Misc. Plastic Products Industry	Manufacturing Sector	NASDAQ Exchange
Market Cap	$342.03M	$181.05M	$4.26B	$12.34B
Dividend Yield	N/A	N/A	5.93%	5.28%
P/E Ratio	-2.23	16.55	21.90	25.66
Price / Sales	18.80	9.76	180.61	86.31
Price / Cash	N/A	8.60	55.68	56.67
Price / Book	0.62	1.12	34.85	7.14
Net Income	-$166.97M	-$82.62M	$112.32M	$335.98M
7 Day Performance	12.53%	6.27%	3.55%	4.15%
1 Month Performance	-0.87%	-0.43%	3.59%	2.54%
1 Year Performance	N/A	N/A	15.80%	35.06%

Forward Industries Competitors List

Export

Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
FWDI Forward Industries	2.9175 of 5 stars	$4.58 flat	$7.00 +52.8%	N/A	$342.03M	$18.19M	N/A	100
SWIM Latham Group	4.3715 of 5 stars	$4.84 +1.7%	$7.50 +55.0%	-10.6%	$558.88M	$545.91M	69.14	1,804
KRT Karat Packaging	3.5758 of 5 stars	$27.46 +2.6%	$31.50 +14.7%	-14.3%	$534.43M	$467.74M	17.38	680	High Trading Volume
DSWL Deswell Industries	1.544 of 5 stars	$3.25 -3.0%	N/A	+48.2%	$53.38M	$67.61M	6.77	990	Gap Down High Trading Volume
NEWH NewHydrogen	N/A	$0.02 -2.5%	N/A	-46.2%	$18.63M	N/A	N/A	2

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This page (NASDAQ:FWDI) was last updated on 5/26/2026 by MarketBeat.com Staff.

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Forward Industries (FWDI) Competitors

FWDI vs. SWIM, KRT, DSWL, NEWH, and NCL

How does Forward Industries compare to Latham Group?

Summary

How does Forward Industries compare to Karat Packaging?

Summary

How does Forward Industries compare to Deswell Industries?

Summary

How does Forward Industries compare to NewHydrogen?

Summary

How does Forward Industries compare to Northann?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

FWDI vs. The Competition

Forward Industries Competitors List

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Forward Industries (FWDI) Competitors

FWDI vs. SWIM, KRT, DSWL, NEWH, and NCL

How does Forward Industries compare to Latham Group?

Does the media prefer FWDI or SWIM?

Which has more volatility and risk, FWDI or SWIM?

Is FWDI or SWIM more profitable?

Do analysts prefer FWDI or SWIM?

Which has better valuation & earnings, FWDI or SWIM?

Do insiders and institutionals have more ownership in FWDI or SWIM?

Summary

How does Forward Industries compare to Karat Packaging?

Which has more volatility and risk, FWDI or KRT?

Does the media prefer FWDI or KRT?

Which has higher valuation and earnings, FWDI or KRT?

Do analysts recommend FWDI or KRT?

Is FWDI or KRT more profitable?

Do institutionals and insiders hold more shares of FWDI or KRT?

Summary

How does Forward Industries compare to Deswell Industries?

Which has more risk and volatility, FWDI or DSWL?

Is FWDI or DSWL more profitable?

Do analysts recommend FWDI or DSWL?

Does the media favor FWDI or DSWL?

Which has preferable earnings & valuation, FWDI or DSWL?

Summary

How does Forward Industries compare to NewHydrogen?

Do analysts prefer NEWH or FWDI?

Which has more risk and volatility, NEWH or FWDI?

Is NEWH or FWDI more profitable?

Do institutionals & insiders believe in NEWH or FWDI?

Which has higher earnings and valuation, NEWH or FWDI?

Does the media refer more to NEWH or FWDI?

Summary

How does Forward Industries compare to Northann?

Does the media prefer FWDI or NCL?

Do insiders and institutionals believe in FWDI or NCL?

Do analysts prefer FWDI or NCL?

Is FWDI or NCL more profitable?

Which has more risk & volatility, FWDI or NCL?

Which has higher valuation & earnings, FWDI or NCL?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

FWDI vs. The Competition

Forward Industries Competitors List

Related Companies and Tools

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools