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Forward Industries (FWDI) Competitors

Forward Industries logo
$6.31 0.00 (0.00%)
As of 09/4/2026 04:00 PM Eastern
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FWDI vs. TRON, CODI, CNNE, ACTG, and CEPO

Should you buy Forward Industries stock or one of its competitors? Forward Industries's main competitors and comparable companies include Tron (TRON), Compass Diversified (CODI), Cannae (CNNE), Acacia Research (ACTG), and Cantor Equity Partners (CEPO). 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 Tron?

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

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

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%

Forward Industries has a consensus target price of $8.50, indicating a potential upside of 34.71%. 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)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40

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 hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

In the previous week, Tron had 2 more articles in the media than Forward Industries. MarketBeat recorded 7 mentions for Tron and 5 mentions for Forward Industries. Forward Industries' average media sentiment score of 1.32 beat Tron's score of 0.33 indicating that Forward Industries is being referred to more favorably in the news media.

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

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$4.74M148.12-$16.81M-$0.11N/A
Forward Industries$18.19M25.62-$166.97M$0.1252.58

Summary

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

How does Forward Industries compare to Compass Diversified?

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

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
Compass Diversified-5.38% -10.36% -0.10%
Forward Industries -2,073.82%-18.05%-17.03%

Forward Industries has lower revenue, but higher earnings 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
Compass Diversified$1.87B0.47-$226.41M-$2.17N/A
Forward Industries$18.19M25.62-$166.97M$0.1252.58

Compass Diversified currently has a consensus target price of $16.50, suggesting a potential upside of 41.39%. Forward Industries has a consensus target price of $8.50, suggesting a potential upside of 34.71%. Given Compass Diversified's higher possible upside, analysts clearly believe Compass Diversified is more favorable than Forward Industries.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Compass Diversified
1 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.33
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40

72.7% of Compass Diversified shares are held by institutional investors. 1.6% of Compass Diversified 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, hedge funds and endowments believe a company will outperform the market over the long term.

In the previous week, Forward Industries had 5 more articles in the media than Compass Diversified. MarketBeat recorded 5 mentions for Forward Industries and 0 mentions for Compass Diversified. Forward Industries' average media sentiment score of 1.32 beat Compass Diversified's score of 0.00 indicating that Forward Industries is being referred to more favorably in the news media.

Company Overall Sentiment
Compass Diversified Neutral
Forward Industries Positive

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

Summary

Forward Industries beats Compass Diversified on 8 of the 15 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 superior investment? We will contrast the two companies based on the strength of their dividends, media sentiment, valuation, analyst recommendations, risk, institutional ownership, profitability and earnings.

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

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$423.60M1.62-$513.20M-$3.02N/A
Forward Industries$18.19M25.62-$166.97M$0.1252.58

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

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 presently has a consensus target price of $16.50, indicating a potential upside of 4.30%. Forward Industries has a consensus target price of $8.50, indicating a potential upside of 34.71%. Given Forward Industries' stronger consensus rating and 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)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40

In the previous week, Forward Industries had 1 more articles in the media than Cannae. MarketBeat recorded 5 mentions for Forward Industries and 4 mentions for Cannae. Cannae's average media sentiment score of 1.46 beat Forward Industries' score of 1.32 indicating that Cannae is being referred to more favorably in the media.

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

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 compare the two companies based on the strength of their risk, valuation, analyst recommendations, institutional ownership, profitability, media sentiment, dividends and earnings.

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.

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$285.23M1.55$21.68M-$0.15N/A
Forward Industries$18.19M25.62-$166.97M$0.1252.58

Acacia Research currently has a consensus target price of $6.00, indicating a potential upside of 32.16%. Forward Industries has a consensus target price of $8.50, indicating a potential upside of 34.71%. Given Forward Industries' stronger consensus rating and higher probable 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)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40

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

In the previous week, Forward Industries had 5 more articles in the media than Acacia Research. MarketBeat recorded 5 mentions for Forward Industries and 0 mentions for Acacia Research. Forward Industries' average media sentiment score of 1.32 beat Acacia Research's score of 0.00 indicating that Forward Industries is being referred to more favorably in the news media.

Company Overall Sentiment
Acacia Research Neutral
Forward Industries Positive

Summary

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

How does Forward Industries compare to Cantor Equity Partners?

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

Forward Industries presently has a consensus price target of $8.50, suggesting a potential upside of 34.71%. Given Forward Industries' stronger consensus rating and higher probable upside, research analysts clearly believe Forward Industries is more favorable than Cantor Equity Partners.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40
Cantor Equity Partners
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00

Cantor Equity Partners has a net margin of 0.00% compared to Forward Industries' net margin of -2,073.82%. Cantor Equity Partners' return on equity of 0.00% beat Forward Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Industries-2,073.82% -18.05% -17.03%
Cantor Equity Partners N/A N/A -0.74%

Cantor Equity Partners has lower revenue, but higher earnings than Forward Industries. Cantor Equity Partners 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$18.19M25.62-$166.97M$0.1252.58
Cantor Equity PartnersN/AN/A-$6.66M-$0.29N/A

Forward Industries has a beta of 0.88, suggesting that its stock price is 12% less volatile than the broader market. Comparatively, Cantor Equity Partners has a beta of -0.05, suggesting that its stock price is 105% less volatile than the broader market.

In the previous week, Forward Industries had 4 more articles in the media than Cantor Equity Partners. MarketBeat recorded 5 mentions for Forward Industries and 1 mentions for Cantor Equity Partners. Cantor Equity Partners' average media sentiment score of 1.95 beat Forward Industries' score of 1.32 indicating that Cantor Equity Partners 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)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cantor Equity Partners
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Summary

Forward Industries beats Cantor Equity Partners on 8 of the 13 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$465.99M$27.10B$14.20B$12.89B
Dividend YieldN/A6.03%5.89%9.13%
P/E Ratio52.5819.6726.1725.45
Price / Sales25.62429.18516.05100.42
Price / CashN/A54.0230.8435.62
Price / Book0.373.312.806.39
Net Income-$166.97M$1.10B$1.32B$358.69M
7 Day Performance-0.47%1.33%4.08%0.22%
1 Month Performance45.73%12.44%1.60%-0.10%
1 Year PerformanceN/A-0.21%11.20%14.04%

Forward Industries Competitors List

Export
CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWDI
Forward Industries
2.9264 of 5 stars		$6.31
flat		$8.50
+34.7%		N/A$465.99M$18.19M52.58100
TRON
Tron
0.0921 of 5 stars		$1.75
-15.9%		N/A-45.2%$986.72M$4.74MN/AN/A
CODI
Compass Diversified
3.3773 of 5 stars		$11.52
+0.6%		$16.50
+43.2%		+60.9%$861.45M$1.87BN/A4,097
CNNE
Cannae
1.6181 of 5 stars		$15.56
-0.5%		$16.50
+6.0%		-15.4%$678.37M$423.60MN/A6,602
ACTG
Acacia Research
1.7514 of 5 stars		$4.44
-0.7%		$6.00
+35.1%		+37.6%$436.21M$285.23MN/A1,036

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This page (NASDAQ:FWDI) was last updated on 9/7/2026 by MarketBeat.com Staff.
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