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Side-by-side financial comparison of ASCENT INDUSTRIES CO. (ACNT) and Forward Industries, Inc. (FWDI). Click either name above to swap in a different company.

Forward Industries, Inc. is the larger business by last-quarter revenue ($21.4M vs $11.9M, roughly 1.8× ASCENT INDUSTRIES CO.). ASCENT INDUSTRIES CO. runs the higher net margin — -8.8% vs -2732.2%, a 2723.4% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs 13.3%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs -34.9%).

Ascent Capital Group, Inc. was a publicly traded holding company whose primary subsidiary was Monitronics. Ascent Media was a wholly owned subsidiary of the Discovery Holding Company (DHC). DHC spun off Ascent Media as an independent, public company on September 17, 2008.

Melrose Industries plc is a British aerospace manufacturing company based in Birmingham, England. It is the parent company of GKN Aerospace. The company's shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index.

ACNT vs FWDI — Head-to-Head

Bigger by revenue
FWDI
FWDI
1.8× larger
FWDI
$21.4M
$11.9M
ACNT
Growing faster (revenue YoY)
FWDI
FWDI
+210.7% gap
FWDI
224.0%
13.3%
ACNT
Higher net margin
ACNT
ACNT
2723.4% more per $
ACNT
-8.8%
-2732.2%
FWDI
Faster 2-yr revenue CAGR
FWDI
FWDI
Annualised
FWDI
74.6%
-34.9%
ACNT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ACNT
ACNT
FWDI
FWDI
Revenue
$11.9M
$21.4M
Net Profit
$-1.0M
$-585.7M
Gross Margin
14.6%
78.6%
Operating Margin
-21.0%
-2722.8%
Net Margin
-8.8%
-2732.2%
Revenue YoY
13.3%
224.0%
Net Profit YoY
-1.2%
-82611.5%
EPS (diluted)
$-0.11
$-5.91

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACNT
ACNT
FWDI
FWDI
Q4 25
$11.9M
$21.4M
Q3 25
$19.7M
$7.9M
Q2 25
$18.7M
$2.5M
Q1 25
$24.7M
$3.1M
Q4 24
$10.5M
$6.6M
Q3 24
$20.9M
Q2 24
$21.5M
$7.8M
Q1 24
$28.0M
$5.1M
Net Profit
ACNT
ACNT
FWDI
FWDI
Q4 25
$-1.0M
$-585.7M
Q3 25
$-2.1M
$-164.0M
Q2 25
$6.3M
$-850.0K
Q1 25
$-2.3M
$-1.5M
Q4 24
$-1.0M
$-708.1K
Q3 24
$-6.2M
Q2 24
$-926.0K
$-399.6K
Q1 24
$-5.5M
$-553.2K
Gross Margin
ACNT
ACNT
FWDI
FWDI
Q4 25
14.6%
78.6%
Q3 25
29.7%
61.1%
Q2 25
26.1%
Q1 25
19.3%
-5.7%
Q4 24
24.3%
17.1%
Q3 24
14.4%
Q2 24
13.1%
16.8%
Q1 24
8.3%
26.2%
Operating Margin
ACNT
ACNT
FWDI
FWDI
Q4 25
-21.0%
-2722.8%
Q3 25
-4.1%
-39.2%
Q2 25
-14.4%
-102.6%
Q1 25
-4.2%
-58.3%
Q4 24
-25.4%
-13.6%
Q3 24
-9.4%
Q2 24
-8.6%
-5.9%
Q1 24
-15.5%
-12.2%
Net Margin
ACNT
ACNT
FWDI
FWDI
Q4 25
-8.8%
-2732.2%
Q3 25
-10.6%
-2063.6%
Q2 25
33.7%
-34.1%
Q1 25
-9.3%
-46.5%
Q4 24
-9.8%
-10.7%
Q3 24
-29.5%
Q2 24
-4.3%
-5.1%
Q1 24
-19.7%
-10.9%
EPS (diluted)
ACNT
ACNT
FWDI
FWDI
Q4 25
$-0.11
$-5.91
Q3 25
$-0.22
$-21.86
Q2 25
$0.65
$-0.77
Q1 25
$-0.23
$-1.32
Q4 24
$-0.11
$-0.64
Q3 24
$-0.61
Q2 24
$-0.09
$-0.36
Q1 24
$-0.54
$-0.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACNT
ACNT
FWDI
FWDI
Cash + ST InvestmentsLiquidity on hand
$57.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$87.0M
$880.9M
Total Assets
$111.9M
$892.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACNT
ACNT
FWDI
FWDI
Q4 25
$57.6M
Q3 25
$58.0M
Q2 25
$60.5M
Q1 25
$14.3M
Q4 24
$16.1M
Q3 24
$8.5M
Q2 24
$3.6M
Q1 24
$1.3M
Total Debt
ACNT
ACNT
FWDI
FWDI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACNT
ACNT
FWDI
FWDI
Q4 25
$87.0M
$880.9M
Q3 25
$87.1M
$1.5B
Q2 25
$89.7M
$3.4M
Q1 25
$91.2M
$3.6M
Q4 24
$93.5M
$2.3M
Q3 24
$94.7M
Q2 24
$101.0M
$1.4M
Q1 24
$102.0M
$1.8M
Total Assets
ACNT
ACNT
FWDI
FWDI
Q4 25
$111.9M
$892.9M
Q3 25
$119.9M
$1.5B
Q2 25
$122.6M
$8.3M
Q1 25
$152.5M
$12.3M
Q4 24
$147.3M
Q3 24
$148.6M
Q2 24
$158.2M
$15.2M
Q1 24
$161.0M
$15.2M
Debt / Equity
ACNT
ACNT
FWDI
FWDI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACNT
ACNT
FWDI
FWDI
Operating Cash FlowLast quarter
$266.0K
$-7.9M
Free Cash FlowOCF − Capex
$-196.0K
FCF MarginFCF / Revenue
-1.7%
Capex IntensityCapex / Revenue
3.9%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACNT
ACNT
FWDI
FWDI
Q4 25
$266.0K
$-7.9M
Q3 25
$1.3M
$-4.5M
Q2 25
$-1.4M
$-1.2M
Q1 25
$-700.0K
$-537.6K
Q4 24
$8.8M
$-434.3K
Q3 24
$3.4M
Q2 24
$2.2M
$436.0K
Q1 24
$263.0K
Free Cash Flow
ACNT
ACNT
FWDI
FWDI
Q4 25
$-196.0K
Q3 25
$695.0K
$-4.5M
Q2 25
$-1.5M
$-1.2M
Q1 25
$-1.0M
$-539.0K
Q4 24
$8.4M
$-439.7K
Q3 24
$3.1M
Q2 24
$1.9M
$426.8K
Q1 24
$25.0K
FCF Margin
ACNT
ACNT
FWDI
FWDI
Q4 25
-1.7%
Q3 25
3.5%
-57.0%
Q2 25
-8.3%
-50.0%
Q1 25
-4.1%
-17.3%
Q4 24
80.6%
-6.6%
Q3 24
15.1%
Q2 24
9.1%
5.5%
Q1 24
0.1%
Capex Intensity
ACNT
ACNT
FWDI
FWDI
Q4 25
3.9%
0.0%
Q3 25
3.1%
0.3%
Q2 25
0.8%
0.8%
Q1 25
1.3%
0.0%
Q4 24
3.7%
0.1%
Q3 24
1.3%
Q2 24
1.0%
0.1%
Q1 24
0.9%
Cash Conversion
ACNT
ACNT
FWDI
FWDI
Q4 25
Q3 25
Q2 25
-0.22×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACNT
ACNT

Other$6.1M52%
Transferred At Point In Time$5.7M48%

FWDI
FWDI

CODM$17.4M81%
Design Segment$4.1M19%

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