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Forward Industries (FWDI) Competitors

Forward Industries logo
$4.26 +0.12 (+2.90%)
Closing price 08/14/2026 04:00 PM Eastern
Extended Trading
$4.12 -0.15 (-3.40%)
As of 08/14/2026 07:51 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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FWDI vs. ASST, 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 Strive (ASST), 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 Strive?

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

Strive has a beta of 13.21, meaning that its share price is 1,221% more volatile than the broader market. Comparatively, Forward Industries has a beta of 0.81, meaning that its share price is 19% less volatile than the broader market.

Forward Industries has a net margin of -2,073.82% compared to Strive's net margin of -10,957.22%. Forward Industries' return on equity of -18.05% beat Strive's return on equity.

Company Net Margins Return on Equity Return on Assets
Strive-10,957.22% -141.47% -95.93%
Forward Industries -2,073.82%-18.05%-17.03%

In the previous week, Forward Industries had 8 more articles in the media than Strive. MarketBeat recorded 18 mentions for Forward Industries and 10 mentions for Strive. Forward Industries' average media sentiment score of -0.02 beat Strive's score of -0.04 indicating that Forward Industries is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Strive
2 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Neutral
Forward Industries
2 Very Positive mention(s)
2 Positive mention(s)
8 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral

Strive presently has a consensus price target of $27.20, suggesting a potential upside of 120.96%. Forward Industries has a consensus price target of $7.50, suggesting a potential upside of 76.06%. Given Strive's stronger consensus rating and higher probable upside, research analysts plainly believe Strive is more favorable than Forward Industries.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Strive
1 Sell rating(s)
1 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.57
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.25

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Strive$5.73M183.55-$420.59M-$8.59N/A
Forward Industries$18.19M17.49-$166.97M-$2.05N/A

5.5% of Strive shares are held by institutional investors. 2.7% of Strive shares are held by company insiders. Comparatively, 15.9% of Forward Industries shares are held by company 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.

Summary

Forward Industries beats Strive on 9 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 stock? We will compare the two businesses based on the strength of their profitability, media sentiment, analyst recommendations, dividends, valuation, risk, institutional ownership and earnings.

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$18.19M17.49-$166.97M-$2.05N/A
Compass Diversified$1.79B0.53-$226.41M-$2.17N/A

Forward Industries currently has a consensus price target of $7.50, suggesting a potential upside of 76.06%. Compass Diversified has a consensus price target of $16.50, suggesting a potential upside of 29.94%. Given Forward Industries' higher probable upside, equities analysts plainly 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

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%

In the previous week, Compass Diversified had 17 more articles in the media than Forward Industries. MarketBeat recorded 35 mentions for Compass Diversified and 18 mentions for Forward Industries. Compass Diversified's average media sentiment score of 1.00 beat Forward Industries' score of -0.02 indicating that Compass Diversified is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Forward Industries
2 Very Positive mention(s)
2 Positive mention(s)
8 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
Compass Diversified
13 Very Positive mention(s)
4 Positive mention(s)
8 Neutral mention(s)
1 Negative mention(s)
1 Very Negative mention(s)
Positive

72.7% of Compass Diversified shares are held by institutional investors. 15.9% of Forward Industries shares are held by company insiders. Comparatively, 1.6% of Compass Diversified shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Forward Industries has a beta of 0.81, meaning that its share price is 19% less volatile than the broader market. Comparatively, Compass Diversified has a beta of 1.27, meaning that its share price is 27% more volatile than the broader market.

Summary

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

How does Forward Industries compare to Tron?

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

Forward Industries has a consensus target price of $7.50, indicating a potential upside of 76.06%. Given Forward Industries' stronger consensus rating and higher probable upside, analysts clearly believe Forward Industries is more favorable than Tron.

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

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

In the previous week, Forward Industries had 10 more articles in the media than Tron. MarketBeat recorded 18 mentions for Forward Industries and 8 mentions for Tron. Tron's average media sentiment score of 0.35 beat Forward Industries' score of -0.02 indicating that Tron is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Tron
1 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
Forward Industries
2 Very Positive mention(s)
2 Positive mention(s)
8 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral

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
Tron135.58% -5.60% -5.53%
Forward Industries -2,073.82%-18.05%-17.03%

Tron has higher earnings, but lower revenue 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
Tron$4.74M152.12-$16.81M-$0.11N/A
Forward Industries$18.19M17.49-$166.97M-$2.05N/A

Tron has a beta of 8.59, meaning that its stock price is 759% more volatile than the broader market. Comparatively, Forward Industries has a beta of 0.81, meaning that its stock price is 19% less volatile than the broader market.

Summary

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

How does Forward Industries compare to Cannae?

Cannae (NYSE:CNNE) 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 profitability, dividends, institutional ownership, media sentiment, earnings, valuation, risk and analyst recommendations.

88.1% of Cannae shares are held by institutional investors. 10.9% of Cannae shares are held by insiders. Comparatively, 15.9% of Forward Industries shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Cannae presently has a consensus price target of $16.50, indicating a potential upside of 12.93%. Forward Industries has a consensus price target of $7.50, indicating a potential upside of 76.06%. Given Forward Industries' higher probable upside, analysts plainly believe Forward Industries is more favorable than Cannae.

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

Forward Industries has lower revenue, but higher earnings 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
Cannae$408.60M1.55-$513.20M-$3.02N/A
Forward Industries$18.19M17.49-$166.97M-$2.05N/A

In the previous week, Forward Industries had 3 more articles in the media than Cannae. MarketBeat recorded 18 mentions for Forward Industries and 15 mentions for Cannae. Cannae's average media sentiment score of 0.65 beat Forward Industries' score of -0.02 indicating that Cannae is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cannae
4 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Forward Industries
2 Very Positive mention(s)
2 Positive mention(s)
8 Neutral mention(s)
2 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
Cannae-38.18% -14.10% -10.60%
Forward Industries -2,073.82%-18.05%-17.03%

Cannae has a beta of 1.2, suggesting that its stock price is 20% more volatile than the broader market. Comparatively, Forward Industries has a beta of 0.81, suggesting that its stock price is 19% less volatile than the broader market.

Summary

Cannae and Forward Industries tied by winning 7 of the 14 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 superior business? We will contrast the two companies based on the strength of their earnings, dividends, analyst recommendations, media sentiment, profitability, risk, institutional ownership and valuation.

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$285.23M1.57$21.68M-$0.15N/A
Forward Industries$18.19M17.49-$166.97M-$2.05N/A

Acacia Research has a beta of 0.45, suggesting that its share price is 55% less volatile than the broader market. Comparatively, Forward Industries has a beta of 0.81, suggesting that its share price is 19% less volatile than the broader market.

In the previous week, Forward Industries had 17 more articles in the media than Acacia Research. MarketBeat recorded 18 mentions for Forward Industries and 1 mentions for Acacia Research. Acacia Research's average media sentiment score of 1.87 beat Forward Industries' score of -0.02 indicating that Acacia Research is being referred to more favorably in the media.

Company Overall Sentiment
Acacia Research Very Positive
Forward Industries Neutral

Acacia Research presently has a consensus price target of $6.00, suggesting a potential upside of 30.72%. Forward Industries has a consensus price target of $7.50, suggesting a potential upside of 76.06%. Given Forward Industries' stronger consensus rating and higher probable upside, analysts plainly 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

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%

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

Summary

Acacia Research and Forward Industries tied by winning 8 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

Export
MetricForward IndustriesFinancial Services IndustryFinance SectorNASDAQ Exchange
Market Cap$309.17M$27.59B$14.18B$13.06B
Dividend YieldN/A5.88%5.87%10.45%
P/E Ratio-2.0818.5629.3425.28
Price / Sales17.49414.70514.5576.27
Price / CashN/A139.2237.4950.90
Price / Book0.673.073.716.24
Net Income-$166.97M$1.09B$1.31B$347.60M
7 Day Performance-1.62%0.67%0.74%1.06%
1 Month Performance-0.70%-1.14%1.53%0.81%
1 Year PerformanceN/A-10.88%12.47%20.90%

Forward Industries Competitors List

Export
CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWDI
Forward Industries
2.2862 of 5 stars		$4.26
+2.9%		$7.50
+76.1%		N/A$309.17M$18.19MN/A100
ASST
Strive
2.1264 of 5 stars		$12.44
-0.3%		$27.60
+121.9%		-86.4%$912.07M$5.73MN/A11
CODI
Compass Diversified
3.9095 of 5 stars		$11.05
+0.5%		$12.67
+14.6%		+69.4%$827.60M$1.87BN/A4,097
TRON
Tron
0.2077 of 5 stars		$1.52
flat		N/A-78.2%$721.06M$4.74MN/AN/A
CNNE
Cannae
1.9823 of 5 stars		$14.71
-0.5%		$17.00
+15.6%		-18.5%$649.44M$423.60MN/A6,602

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This page (NASDAQ:FWDI) was last updated on 8/15/2026 by MarketBeat.com Staff.
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