vs
Side-by-side financial comparison of BGSF, INC. (BGSF) and Forward Industries, Inc. (FWDI). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $21.4M, roughly 1.0× Forward Industries, Inc.). BGSF, INC. runs the higher net margin — -5.3% vs -2732.2%, a 2726.9% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs -9.4%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs -5.3%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
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.
BGSF vs FWDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $21.4M |
| Net Profit | $-1.2M | $-585.7M |
| Gross Margin | 35.0% | 78.6% |
| Operating Margin | -17.6% | -2722.8% |
| Net Margin | -5.3% | -2732.2% |
| Revenue YoY | -9.4% | 224.0% |
| Net Profit YoY | -18.2% | -82611.5% |
| EPS (diluted) | $-0.12 | $-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.
| Q4 25 | $22.0M | $21.4M | ||
| Q3 25 | $26.9M | $7.9M | ||
| Q2 25 | $23.5M | $2.5M | ||
| Q1 25 | $20.9M | $3.1M | ||
| Q4 24 | $24.3M | $6.6M | ||
| Q3 24 | $29.8M | — | ||
| Q2 24 | $25.7M | $7.8M | ||
| Q1 24 | $24.5M | $5.1M |
| Q4 25 | $-1.2M | $-585.7M | ||
| Q3 25 | $-5.8M | $-164.0M | ||
| Q2 25 | $-3.7M | $-850.0K | ||
| Q1 25 | $-722.0K | $-1.5M | ||
| Q4 24 | $-981.0K | $-708.1K | ||
| Q3 24 | $-804.0K | — | ||
| Q2 24 | $-761.0K | $-399.6K | ||
| Q1 24 | $-792.0K | $-553.2K |
| Q4 25 | 35.0% | 78.6% | ||
| Q3 25 | 35.9% | 61.1% | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | -5.7% | ||
| Q4 24 | 35.9% | 17.1% | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | 16.8% | ||
| Q1 24 | 38.1% | 26.2% |
| Q4 25 | -17.6% | -2722.8% | ||
| Q3 25 | -3.5% | -39.2% | ||
| Q2 25 | -18.8% | -102.6% | ||
| Q1 25 | 1.6% | -58.3% | ||
| Q4 24 | -15.7% | -13.6% | ||
| Q3 24 | -3.4% | — | ||
| Q2 24 | -5.7% | -5.9% | ||
| Q1 24 | 1.7% | -12.2% |
| Q4 25 | -5.3% | -2732.2% | ||
| Q3 25 | -21.6% | -2063.6% | ||
| Q2 25 | -15.9% | -34.1% | ||
| Q1 25 | -3.5% | -46.5% | ||
| Q4 24 | -4.0% | -10.7% | ||
| Q3 24 | -2.7% | — | ||
| Q2 24 | -3.0% | -5.1% | ||
| Q1 24 | -3.2% | -10.9% |
| Q4 25 | $-0.12 | $-5.91 | ||
| Q3 25 | $-0.52 | $-21.86 | ||
| Q2 25 | $-0.34 | $-0.77 | ||
| Q1 25 | $-0.06 | $-1.32 | ||
| Q4 24 | — | $-0.64 | ||
| Q3 24 | $-0.07 | — | ||
| Q2 24 | $-0.07 | $-0.36 | ||
| Q1 24 | — | $-0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $880.9M |
| Total Assets | $57.8M | $892.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $41.2M | — | ||
| Q2 25 | $2.8M | — | ||
| Q1 25 | $2.0M | — | ||
| Q4 24 | $32.0K | — | ||
| Q3 24 | $262 | — | ||
| Q2 24 | $226 | — | ||
| Q1 24 | $50 | — |
| Q4 25 | $48.1M | $880.9M | ||
| Q3 25 | $50.7M | $1.5B | ||
| Q2 25 | $78.3M | $3.4M | ||
| Q1 25 | $81.8M | $3.6M | ||
| Q4 24 | $82.3M | $2.3M | ||
| Q3 24 | $82.9M | — | ||
| Q2 24 | $83.2M | $1.4M | ||
| Q1 24 | $83.6M | $1.8M |
| Q4 25 | $57.8M | $892.9M | ||
| Q3 25 | $83.6M | $1.5B | ||
| Q2 25 | $149.7M | $8.3M | ||
| Q1 25 | $152.3M | $12.3M | ||
| Q4 24 | $150.1M | — | ||
| Q3 24 | $157.3K | — | ||
| Q2 24 | $159.8K | $15.2M | ||
| Q1 24 | $170.6K | $15.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $-7.9M |
| Free Cash FlowOCF − Capex | $1.7M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $-7.9M | ||
| Q3 25 | $-4.8M | $-4.5M | ||
| Q2 25 | $2.2M | $-1.2M | ||
| Q1 25 | $1.1M | $-537.6K | ||
| Q4 24 | $3.2M | $-434.3K | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $7.3M | $436.0K | ||
| Q1 24 | $7.4M | — |
| Q4 25 | $1.7M | — | ||
| Q3 25 | $-4.9M | $-4.5M | ||
| Q2 25 | $2.1M | $-1.2M | ||
| Q1 25 | $1.0M | $-539.0K | ||
| Q4 24 | $2.5M | $-439.7K | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $7.3M | $426.8K | ||
| Q1 24 | $6.9M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -18.1% | -57.0% | ||
| Q2 25 | 9.1% | -50.0% | ||
| Q1 25 | 5.0% | -17.3% | ||
| Q4 24 | 10.2% | -6.6% | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 28.5% | 5.5% | ||
| Q1 24 | 28.1% | — |
| Q4 25 | 0.1% | 0.0% | ||
| Q3 25 | 0.4% | 0.3% | ||
| Q2 25 | 0.0% | 0.8% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 3.0% | 0.1% | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | 0.1% | ||
| Q1 24 | 2.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
FWDI
| CODM | $17.4M | 81% |
| Design Segment | $4.1M | 19% |
