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Forward Industries (FWDI) Competitors

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$8.42 +0.07 (+0.84%)
Closing price 09/25/2026 04:00 PM Eastern
Extended Trading
$8.63 +0.21 (+2.46%)
As of 09/25/2026 08:00 PM Eastern
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FWDI vs. SBET, CODI, TRON, CNNE, and ACTG

Should you buy Forward Industries stock or one of its competitors? Forward Industries's main competitors and comparable companies include Sharplink Gaming (SBET), Compass Diversified (CODI), Tron (TRON), Cannae (CNNE), and Acacia Research (ACTG). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "multi-sector holdings" industry.

How does Forward Industries compare to Sharplink Gaming?

Forward Industries (NASDAQ:FWDI) and Sharplink Gaming (NASDAQ:SBET) are both finance companies, but which is the superior business? We will compare the two companies based on the strength of their media sentiment, valuation, dividends, institutional ownership, analyst recommendations, risk, profitability and earnings.

Forward Industries has a net margin of -2,073.82% compared to Sharplink Gaming's net margin of -3,406.29%. Forward Industries' return on equity of -18.05% beat Sharplink Gaming's return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Industries-2,073.82% -18.05% -17.03%
Sharplink Gaming -3,406.29%-33.40%-33.30%

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Industries$53.12M11.71-$166.97M$0.1270.17
Sharplink Gaming$50.20M41.67-$734.59M$0.05192.60

Forward Industries has a beta of 0.88, indicating that its share price is 12% less volatile than the broader market. Comparatively, Sharplink Gaming has a beta of 10.56, indicating that its share price is 956% more volatile than the broader market.

Forward Industries presently has a consensus price target of $13.50, indicating a potential upside of 60.33%. Sharplink Gaming has a consensus price target of $17.00, indicating a potential upside of 76.53%. Given Sharplink Gaming's stronger consensus rating and higher probable upside, analysts clearly believe Sharplink Gaming is more favorable than Forward Industries.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.25
Sharplink Gaming
1 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
0 Strong Buy rating(s)
2.73

13.8% of Sharplink Gaming shares are held by institutional investors. 15.9% of Forward Industries shares are held by company insiders. Comparatively, 3.6% of Sharplink Gaming shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

In the previous week, Forward Industries had 16 more articles in the media than Sharplink Gaming. MarketBeat recorded 19 mentions for Forward Industries and 3 mentions for Sharplink Gaming. Sharplink Gaming's average media sentiment score of 0.76 beat Forward Industries' score of 0.43 indicating that Sharplink Gaming is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Forward Industries
4 Very Positive mention(s)
1 Positive mention(s)
10 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Sharplink Gaming
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Forward Industries and Sharplink Gaming tied by winning 8 of the 16 factors compared between the two stocks.

How does Forward Industries compare to Compass Diversified?

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

Compass Diversified has a net margin of -5.38% compared to Forward Industries' net margin of -2,073.82%. Compass Diversified's return on equity of -10.36% beat Forward Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Industries-2,073.82% -18.05% -17.03%
Compass Diversified -5.38%-10.36%-0.10%

Forward Industries pays an annual dividend of $0.4220 per share and has a dividend yield of 5.0%. Compass Diversified pays an annual dividend of $1.00 per share and has a dividend yield of 8.9%. Forward Industries pays out 351.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Compass Diversified pays out -46.1% of its earnings in the form of a dividend. Compass Diversified is clearly the better dividend stock, given its higher yield and lower payout ratio.

In the previous week, Forward Industries had 16 more articles in the media than Compass Diversified. MarketBeat recorded 19 mentions for Forward Industries and 3 mentions for Compass Diversified. Forward Industries' average media sentiment score of 0.43 beat Compass Diversified's score of -0.15 indicating that Forward Industries is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Forward Industries
4 Very Positive mention(s)
1 Positive mention(s)
10 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Compass Diversified
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Forward Industries currently has a consensus target price of $13.50, indicating a potential upside of 60.33%. Compass Diversified has a consensus target price of $16.50, indicating a potential upside of 46.61%. Given Forward Industries' higher possible upside, research analysts clearly believe Forward Industries is more favorable than Compass Diversified.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.25
Compass Diversified
1 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.33

Forward Industries has a beta of 0.88, indicating that its share price is 12% less volatile than the broader market. Comparatively, Compass Diversified has a beta of 1.26, indicating that its share price is 26% more volatile than the broader market.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Industries$53.12M11.71-$166.97M$0.1270.17
Compass Diversified$1.79B0.47-$226.41M-$2.17N/A

72.7% of Compass Diversified shares are owned by institutional investors. 15.9% of Forward Industries shares are owned by insiders. Comparatively, 1.6% of Compass Diversified shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Summary

Compass Diversified beats Forward Industries on 10 of the 18 factors compared between the two stocks.

How does Forward Industries compare to Tron?

Forward Industries (NASDAQ:FWDI) and Tron (NASDAQ:TRON) are both small-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, profitability, dividends, analyst recommendations, valuation, institutional ownership and media sentiment.

Forward Industries has a beta of 0.88, meaning that its share price is 12% less volatile than the broader market. Comparatively, Tron has a beta of 8.56, meaning that its share price is 756% more volatile than the broader market.

In the previous week, Forward Industries had 8 more articles in the media than Tron. MarketBeat recorded 19 mentions for Forward Industries and 11 mentions for Tron. Forward Industries' average media sentiment score of 0.43 beat Tron's score of 0.23 indicating that Forward Industries is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Forward Industries
4 Very Positive mention(s)
1 Positive mention(s)
10 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Tron
0 Very Positive mention(s)
0 Positive mention(s)
10 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Forward Industries presently has a consensus price target of $13.50, indicating a potential upside of 60.33%. Given Forward Industries' stronger consensus rating and higher possible upside, analysts clearly believe Forward Industries is more favorable than Tron.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.25
Tron
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00

28.0% of Tron shares are owned by institutional investors. 15.9% of Forward Industries shares are owned by insiders. Comparatively, 86.2% of Tron shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Tron has a net margin of 135.58% compared to Forward Industries' net margin of -2,073.82%. Tron's return on equity of -5.60% beat Forward Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Industries-2,073.82% -18.05% -17.03%
Tron 135.58%-5.60%-5.53%

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Industries$53.12M11.71-$166.97M$0.1270.17
Tron$4.74M144.12-$16.81M-$0.11N/A

Summary

Forward Industries and Tron tied by winning 8 of the 16 factors compared between the two stocks.

How does Forward Industries compare to Cannae?

Forward Industries (NASDAQ:FWDI) and Cannae (NYSE:CNNE) are both small-cap finance companies, but which is the better stock? We will contrast the two companies based on the strength of their valuation, analyst recommendations, risk, earnings, media sentiment, institutional ownership, profitability and dividends.

Forward Industries presently has a consensus price target of $13.50, suggesting a potential upside of 60.33%. Cannae has a consensus price target of $16.50, suggesting a potential upside of 4.56%. Given Forward Industries' higher possible upside, equities analysts clearly believe Forward Industries is more favorable than Cannae.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.25
Cannae
1 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.25

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Industries$53.12M11.71-$166.97M$0.1270.17
Cannae$408.60M1.68-$513.20M-$3.02N/A

Forward Industries pays an annual dividend of $0.4220 per share and has a dividend yield of 5.0%. Cannae pays an annual dividend of $0.60 per share and has a dividend yield of 3.8%. Forward Industries pays out 351.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Cannae pays out -19.9% of its earnings in the form of a dividend.

Forward Industries has a beta of 0.88, indicating that its share price is 12% less volatile than the broader market. Comparatively, Cannae has a beta of 1.21, indicating that its share price is 21% more volatile than the broader market.

88.1% of Cannae shares are owned by institutional investors. 15.9% of Forward Industries shares are owned by insiders. Comparatively, 10.9% of Cannae shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

In the previous week, Forward Industries had 18 more articles in the media than Cannae. MarketBeat recorded 19 mentions for Forward Industries and 1 mentions for Cannae. Forward Industries' average media sentiment score of 0.43 beat Cannae's score of 0.00 indicating that Forward Industries is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Forward Industries
4 Very Positive mention(s)
1 Positive mention(s)
10 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Cannae
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Cannae has a net margin of -38.18% compared to Forward Industries' net margin of -2,073.82%. Cannae's return on equity of -14.10% beat Forward Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Industries-2,073.82% -18.05% -17.03%
Cannae -38.18%-14.10%-10.60%

Summary

Forward Industries beats Cannae on 9 of the 16 factors compared between the two stocks.

How does Forward Industries compare to Acacia Research?

Acacia Research (NASDAQ:ACTG) and Forward Industries (NASDAQ:FWDI) are both small-cap finance companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, profitability, risk, earnings, valuation, institutional ownership and media sentiment.

Acacia Research has a net margin of -5.39% compared to Forward Industries' net margin of -2,073.82%. Acacia Research's return on equity of 0.44% beat Forward Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Acacia Research-5.39% 0.44% 0.33%
Forward Industries -2,073.82%-18.05%-17.03%

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Acacia Research$285.23M1.46$21.68M-$0.15N/A
Forward Industries$53.12M11.71-$166.97M$0.1270.17

Acacia Research has a beta of 0.44, suggesting that its stock price is 56% less volatile than the broader market. Comparatively, Forward Industries has a beta of 0.88, suggesting that its stock price is 12% less volatile than the broader market.

86.7% of Acacia Research shares are held by institutional investors. 1.7% of Acacia Research shares are held by insiders. Comparatively, 15.9% of Forward Industries shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Acacia Research currently has a consensus target price of $6.00, indicating a potential upside of 40.52%. Forward Industries has a consensus target price of $13.50, indicating a potential upside of 60.33%. Given Forward Industries' stronger consensus rating and higher possible upside, analysts clearly believe Forward Industries is more favorable than Acacia Research.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Acacia Research
1 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.25

In the previous week, Forward Industries had 18 more articles in the media than Acacia Research. MarketBeat recorded 19 mentions for Forward Industries and 1 mentions for Acacia Research. Acacia Research's average media sentiment score of 1.79 beat Forward Industries' score of 0.43 indicating that Acacia Research is being referred to more favorably in the media.

Company Overall Sentiment
Acacia Research Very Positive
Forward Industries Neutral

Summary

Forward Industries beats Acacia Research on 9 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.
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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.
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FWDI vs. The Competition

MetricForward IndustriesFinancial Services IndustryFinance SectorNASDAQ Exchange
Market Cap$621.79M$27.72B$13.76B$13.17B
Dividend YieldN/A6.81%6.00%14.03%
P/E Ratio70.1719.5924.5725.78
Price / Sales11.71424.50509.6085.04
Price / CashN/A298.8349.5552.89
Price / Book0.493.182.716.30
Net Income-$166.97M$1.11B$1.32B$360.35M
7 Day Performance9.35%0.43%-0.52%-0.23%
1 Month Performance26.43%0.59%-1.91%-4.16%
1 Year PerformanceN/A-1.47%7.75%4.58%

Forward Industries Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWDI
Forward Industries
2.8977 of 5 stars
$8.42
+0.8%
$13.50
+60.3%
N/A$621.79M$53.12M70.1760
SBET
Sharplink Gaming
4.4874 of 5 stars
$9.98
+6.7%
$16.50
+65.3%
-39.8%$2.03B$28.06M199.6015
CODI
Compass Diversified
4.2637 of 5 stars
$11.25
+2.0%
$16.50
+46.7%
+67.0%$829.85M$1.87BN/A4,097
TRON
Tron
0.3551 of 5 stars
$1.49
-0.7%
N/A-33.6%$711.57M$4.74MN/A7
CNNE
Cannae
0.9713 of 5 stars
$15.28
+2.1%
$16.50
+8.0%
-13.8%$648.88M$423.60MN/A6,602

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This page (NASDAQ:FWDI) was last updated on 9/27/2026 by MarketBeat.com Staff.
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