Go Pro

Forward Industries (FWDI) Competitors

Forward Industries logo
$4.81 0.00 (0.00%)
Closing price 07/2/2026 04:00 PM Eastern
Extended Trading
$4.80 -0.01 (-0.19%)
As of 07/2/2026 07:59 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.

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?

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

Latham Group has a beta of 1.62, meaning that its share price is 62% more volatile than the broader market. Comparatively, Forward Industries has a beta of 0.79, meaning that its share price is 21% less volatile than the broader market.

Latham Group currently has a consensus price target of $7.50, indicating a potential upside of 22.15%. Forward Industries has a consensus price target of $7.45, indicating a potential upside of 54.89%. Given Forward Industries' stronger consensus rating and higher possible upside, analysts plainly believe Forward Industries is more favorable than Latham Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Latham Group
2 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.00
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.50

84.0% of Latham Group shares are held by institutional investors. 3.3% of Latham Group 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.

In the previous week, Forward Industries had 6 more articles in the media than Latham Group. MarketBeat recorded 7 mentions for Forward Industries and 1 mentions for Latham Group. Latham Group's average media sentiment score of 0.84 beat Forward Industries' score of 0.37 indicating that Latham Group is being referred to more favorably in the media.

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

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Latham Group$545.91M1.32$11.12M$0.0787.71
Forward Industries$18.19M19.75-$166.97M-$2.05N/A

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
Latham Group1.55% 2.13% 1.02%
Forward Industries -2,305.12%-21.42%-20.82%

Summary

Latham Group beats Forward Industries on 11 of the 17 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 stock? We will compare the two companies based on the strength of their profitability, media sentiment, risk, valuation, dividends, analyst recommendations, earnings and institutional ownership.

In the previous week, Forward Industries had 1 more articles in the media than Karat Packaging. MarketBeat recorded 7 mentions for Forward Industries and 6 mentions for Karat Packaging. Forward Industries' average media sentiment score of 0.37 beat Karat Packaging'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
0 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Karat Packaging
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
1 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Industries$18.19M19.75-$166.97M-$2.05N/A
Karat Packaging$467.74M1.46$31.48M$1.5821.68

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 held by institutional investors. 15.9% of Forward Industries shares are held by insiders. Comparatively, 57.9% of Karat Packaging shares are held by 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 0.79, suggesting that its stock price is 21% less volatile than the broader market. Comparatively, Karat Packaging has a beta of 0.85, suggesting that its stock price is 15% less volatile than the broader market.

Forward Industries currently has a consensus target price of $7.45, indicating a potential upside of 54.89%. Karat Packaging has a consensus target price of $31.50, indicating a potential downside of 8.03%. Given Forward Industries' stronger consensus rating and higher probable upside, analysts plainly 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)
1 Strong Buy rating(s)
2.50
Karat Packaging
1 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.17

Summary

Karat Packaging beats Forward Industries on 11 of the 17 factors compared between the two stocks.

How does Forward Industries compare to Deswell Industries?

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

In the previous week, Forward Industries had 7 more articles in the media than Deswell Industries. MarketBeat recorded 7 mentions for Forward Industries and 0 mentions for Deswell Industries. Forward Industries' average media sentiment score of 0.37 beat Deswell Industries' score of 0.00 indicating that Forward Industries is being referred to more favorably in the news media.

Company Overall Sentiment
Deswell Industries Neutral
Forward Industries Neutral

Forward Industries has a consensus price target of $7.45, indicating a potential upside of 54.89%. Given Forward Industries' higher possible upside, analysts plainly believe Forward Industries is more favorable than Deswell Industries.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Deswell Industries
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.50

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
Deswell IndustriesN/A N/A N/A
Forward Industries -2,305.12%-21.42%-20.82%

Deswell Industries has a beta of 0.61, indicating that its stock price is 39% less volatile than the broader market. Comparatively, Forward Industries has a beta of 0.79, indicating that its stock price is 21% less volatile than the broader market.

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Deswell Industries$61.33M0.89$10.63M$0.487.15
Forward Industries$18.19M19.75-$166.97M-$2.05N/A

Summary

Deswell Industries beats Forward Industries on 8 of the 14 factors compared between the two stocks.

How does Forward Industries compare to NewHydrogen?

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

In the previous week, Forward Industries had 7 more articles in the media than NewHydrogen. MarketBeat recorded 7 mentions for Forward Industries and 0 mentions for NewHydrogen. Forward Industries' average media sentiment score of 0.37 beat NewHydrogen's score of 0.00 indicating that Forward Industries is being referred to more favorably in the media.

Company Overall Sentiment
Forward Industries Neutral
NewHydrogen Neutral

0.0% of NewHydrogen shares are owned by institutional investors. 15.9% of Forward Industries shares are owned by insiders. Comparatively, 26.8% of NewHydrogen 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.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Industries$18.19M19.75-$166.97M-$2.05N/A
NewHydrogenN/AN/A-$3.18MN/AN/A

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
Forward Industries-2,305.12% -21.42% -20.82%
NewHydrogen N/A -11,574.14%-57.49%

Forward Industries has a beta of 0.79, suggesting that its share price is 21% less volatile than the broader market. Comparatively, NewHydrogen has a beta of 0.03, suggesting that its share price is 97% less volatile than the broader market.

Forward Industries presently has a consensus price target of $7.45, suggesting a potential upside of 54.89%. Given Forward Industries' stronger consensus rating and higher possible upside, equities research analysts clearly believe Forward Industries is more favorable than NewHydrogen.

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)
1 Strong Buy rating(s)
2.50
NewHydrogen
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

Summary

Forward Industries beats NewHydrogen on 10 of the 14 factors compared between the two stocks.

How does Forward Industries compare to Northann?

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

Northann has higher earnings, but lower revenue 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Northann$15.13M0.56-$7.13M-$0.29N/A
Forward Industries$18.19M19.75-$166.97M-$2.05N/A

In the previous week, Forward Industries had 7 more articles in the media than Northann. MarketBeat recorded 7 mentions for Forward Industries and 0 mentions for Northann. Forward Industries' average media sentiment score of 0.37 beat Northann's score of 0.00 indicating that Forward Industries is being referred to more favorably in the news media.

Company Overall Sentiment
Northann Neutral
Forward Industries Neutral

0.3% of Northann shares are held by institutional investors. 8.2% of Northann 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 stock is poised for long-term growth.

Forward Industries has a consensus price target of $7.45, suggesting a potential upside of 54.89%. Given Forward Industries' stronger consensus rating and higher possible upside, analysts clearly believe Forward Industries is more favorable than Northann.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Northann
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)
1 Strong Buy rating(s)
2.50

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
Northann-26.58% -456.34% -30.35%
Forward Industries -2,305.12%-21.42%-20.82%

Northann has a beta of 0.9, indicating that its share price is 10% less volatile than the broader market. Comparatively, Forward Industries has a beta of 0.79, indicating that its share price is 21% less volatile than the broader market.

Summary

Forward Industries beats Northann on 11 of the 17 factors compared between the two stocks.

Get Forward Industries News Delivered to You Automatically

Sign up to receive the latest news and ratings for FWDI and its competitors with MarketBeat's FREE daily newsletter.

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

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.
Skip Chart

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.
Skip Chart

FWDI vs. The Competition

MetricForward IndustriesMisc. Plastic Products IndustryManufacturing SectorNASDAQ Exchange
Market Cap$359.21M$189.64M$5.20B$12.48B
Dividend YieldN/AN/A16.11%6.52%
P/E Ratio-2.3516.5523.9124.70
Price / Sales19.7510.23217.0699.46
Price / CashN/A8.6035.0657.09
Price / Book0.280.9513.256.46
Net Income-$166.97M-$82.62M$113.80M$337.01M
7 Day Performance21.46%10.73%0.93%1.69%
1 Month Performance30.35%15.18%1.08%3.81%
1 Year PerformanceN/AN/A10.03%23.90%

Forward Industries Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWDI
Forward Industries
3.7121 of 5 stars
$4.81
flat
$7.45
+54.9%
N/A$359.21M$18.19MN/A100
SWIM
Latham Group
3.3064 of 5 stars
$6.39
-0.3%
$7.50
+17.4%
-12.6%$752.61M$551.81M91.291,804
KRT
Karat Packaging
3.6573 of 5 stars
$32.79
+3.4%
$31.50
-3.9%
+17.7%$633.26M$481.07M20.75680
DSWL
Deswell Industries
2.0631 of 5 stars
$3.98
+5.6%
N/A+28.2%$60.08M$61.33M8.29990
NEWH
NewHydrogen
N/A$0.02
-4.1%
N/A-56.2%$13.28MN/AN/A2

Related Companies and Tools


This page (NASDAQ:FWDI) was last updated on 7/5/2026 by MarketBeat.com Staff.
From Our Partners