Forward Industries (MEX:FORD1) FCF Margin %: -31.09% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:FORD1 Forward Industries Inc MEX:FORD1
37 GF Score
Price MXN63.41
GF Value MXN2.67
! 5 Warning Signs
View Full Analysis

What is Forward Industries FCF Margin %?

Forward Industries MEX:FORD1 37 FCF Margin % is -31.09% as of Jun. 2026. GuruFocus rates MEX:FORD1 with a GF Score™ of 37/100 and a GF Value™ of MXN2.67. The stock has 5 warning signs investors should review. Among 1,040 Manufacturing - Apparel & Accessories companies, Forward Industries ranks worse than 92.12% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Forward Industries's Free Cash Flow for the three months ended in Jun. 2026 was MXN-58.5 Mil. Forward Industries's Revenue for the three months ended in Jun. 2026 was MXN188.1 Mil. Therefore, Forward Industries's FCF Margin % for the quarter that ended in Jun. 2026 was -31.09%.

As of today, Forward Industries's current FCF Yield % is -5.82%.

The historical rank and industry rank for Forward Industries's FCF Margin % or its related term are showing as below:

MEX:FORD1' s FCF Margin % Range Over the Past 10 Years
Min: -34.6   Med: 0.86   Max: 3.57
Current: -34.6


During the past 13 years, the highest FCF Margin % of Forward Industries was 3.57%. The lowest was -34.60%. And the median was 0.86%.

MEX:FORD1's FCF Margin % is ranked worse than
92.12% of 1040 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.275 vs MEX:FORD1: -34.60


Forward Industries FCF Margin % Related Terms


Forward Industries FCF Margin % Historical Data

* Premium members only.

The historical data trend for Forward Industries's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Forward Industries FCF Margin % Chart

Forward Industries Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.52 3.57 2.47 2.28 -24.90

Forward Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -49.94 -28.99 -36.99 -37.03 -31.09

MEX:FORD1 vs DBI, RCKY, FOSL: FCF Margin % Comparison

For the Footwear & Accessories subindustry, Forward Industries's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Forward Industries FCF Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Forward Industries's FCF Margin % falls into.


MEX:FORD1
37GF Score
Forward Industries Inc MEX:FORD1
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forward Industries FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Forward Industries's FCF Margin for the fiscal year that ended in Sep. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Sep. 2025 )/Revenue (A: Sep. 2025 )
=-83.063/333.644
=-24.90 %

Forward Industries's FCF Margin for the quarter that ended in Jun. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-58.472/188.1
=-31.09 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -31.09% mean?
Forward Industries (MEX:FORD1) has a FCF Margin % of -31.09% as of Jun. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Forward Industries and its competitors. According to the industry distribution chart, Forward Industries ranks #958 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 92.1%.
Is Forward Industries' FCF Margin % too high?
Forward Industries' current FCF Margin % is -31.09%. Based on the distribution chart, Forward Industries ranks #958 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Forward Industries has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Forward Industries' FCF Margin % compare to DBI and RCKY?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Forward Industries ranks #958 out of 1040 companies for FCF Margin %. This places Forward Industries in the lower half of its industry. The industry median FCF Margin % is 2.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Manufacturing - Apparel & Accessories company?
The median FCF Margin % among Manufacturing - Apparel & Accessories companies is 2.28, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Forward Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median FCF Margin % is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Industries's current FCF Margin % is -31.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Industries stock overvalued right now?
Forward Industries (MEX:FORD1) has a current FCF Margin % of -31.09%. The stock's GF Value™ is MXN2.67, compared to a current price of MXN63.41 — trading 2274.9% above its estimated fair value. The current FCF Margin % is -31.09%. Forward Industries' overall GF Score™ is 37/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Forward Industries (MEX:FORD1), the current FCF Margin % is -31.09% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Forward Industries (MEX:FORD1) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Industries stock appears to be overvalued. The current stock price of MXN63.41 is trading 2274.9% above its estimated GF Value™ of MXN2.67.

Key valuation signals for MEX:FORD1:

  • FCF Margin %: -31.09%
  • GF Value™: MXN2.67 vs. price of MXN63.41 (2274.9% above fair value)
  • GF Score™: 37/100 with 5 warning signs

No single metric tells the full story. See the MEX:FORD1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forward Industries Business Description

Other Exchanges FWDI:USA23I0:Germany
Address 700 Veterans Memorial Highway, Suite 100, Hauppauge, New York, NY, USA, 11788
Forward Industries Inc is a Solana-focused digital asset treasury company, with the idea to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. Its mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to, and investing in the Solana network, Solana developers, and Solana-related projects in order to increase shareholder value. In connection with a private placement transaction in September 2025, it launched a digital asset treasury idea supported by investors and operating partners, including Galaxy Digital and Jump Crypto.
37GF Score

Get the complete analysis for MEX:FORD1

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN63.41
Price
MXN2.67
GF Value