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Side-by-side financial comparison of Forward Industries, Inc. (FWDI) and HEALTHY CHOICE WELLNESS CORP. (HCWC). Click either name above to swap in a different company.
Forward Industries, Inc. is the larger business by last-quarter revenue ($21.4M vs $18.7M, roughly 1.1× HEALTHY CHOICE WELLNESS CORP.). HEALTHY CHOICE WELLNESS CORP. runs the higher net margin — -8.9% vs -2732.2%, a 2723.3% gap on every dollar of revenue.
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.
FWDI vs HCWC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.4M | $18.7M |
| Net Profit | $-585.7M | $-1.7M |
| Gross Margin | 78.6% | 39.1% |
| Operating Margin | -2722.8% | -7.6% |
| Net Margin | -2732.2% | -8.9% |
| Revenue YoY | 224.0% | — |
| Net Profit YoY | -82611.5% | — |
| EPS (diluted) | $-5.91 | $-0.05 |
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 | $21.4M | $18.7M | ||
| Q3 25 | $7.9M | $19.0M | ||
| Q2 25 | $2.5M | $20.2M | ||
| Q1 25 | $3.1M | $20.3M | ||
| Q4 24 | $6.6M | — | ||
| Q3 24 | — | $18.2M | ||
| Q2 24 | $7.8M | — | ||
| Q1 24 | $5.1M | — |
| Q4 25 | $-585.7M | $-1.7M | ||
| Q3 25 | $-164.0M | $-1.2M | ||
| Q2 25 | $-850.0K | $-339.4K | ||
| Q1 25 | $-1.5M | $-712.4K | ||
| Q4 24 | $-708.1K | — | ||
| Q3 24 | — | $-2.7M | ||
| Q2 24 | $-399.6K | — | ||
| Q1 24 | $-553.2K | — |
| Q4 25 | 78.6% | 39.1% | ||
| Q3 25 | 61.1% | 38.8% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | -5.7% | 38.8% | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | 16.8% | — | ||
| Q1 24 | 26.2% | — |
| Q4 25 | -2722.8% | -7.6% | ||
| Q3 25 | -39.2% | -3.2% | ||
| Q2 25 | -102.6% | -0.2% | ||
| Q1 25 | -58.3% | -2.0% | ||
| Q4 24 | -13.6% | — | ||
| Q3 24 | — | -2.0% | ||
| Q2 24 | -5.9% | — | ||
| Q1 24 | -12.2% | — |
| Q4 25 | -2732.2% | -8.9% | ||
| Q3 25 | -2063.6% | -6.4% | ||
| Q2 25 | -34.1% | -1.7% | ||
| Q1 25 | -46.5% | -3.5% | ||
| Q4 24 | -10.7% | — | ||
| Q3 24 | — | -14.6% | ||
| Q2 24 | -5.1% | — | ||
| Q1 24 | -10.9% | — |
| Q4 25 | $-5.91 | $-0.05 | ||
| Q3 25 | $-21.86 | $-0.09 | ||
| Q2 25 | $-0.77 | $-0.03 | ||
| Q1 25 | $-1.32 | $-0.07 | ||
| Q4 24 | $-0.64 | — | ||
| Q3 24 | — | $-0.29 | ||
| Q2 24 | $-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 | — | $3.0M |
| Total DebtLower is stronger | — | $7.3M |
| Stockholders' EquityBook value | $880.9M | $7.3M |
| Total Assets | $892.9M | $33.5M |
| Debt / EquityLower = less leverage | — | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.0M | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $1.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $7.3M | ||
| Q3 25 | — | $8.5M | ||
| Q2 25 | — | $9.7M | ||
| Q1 25 | — | $10.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $11.6M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $880.9M | $7.3M | ||
| Q3 25 | $1.5B | $5.9M | ||
| Q2 25 | $3.4M | $5.8M | ||
| Q1 25 | $3.6M | $2.1M | ||
| Q4 24 | $2.3M | — | ||
| Q3 24 | — | $2.9M | ||
| Q2 24 | $1.4M | — | ||
| Q1 24 | $1.8M | — |
| Q4 25 | $892.9M | $33.5M | ||
| Q3 25 | $1.5B | $33.7M | ||
| Q2 25 | $8.3M | $36.4M | ||
| Q1 25 | $12.3M | $34.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | $15.2M | — | ||
| Q1 24 | $15.2M | — |
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 5.01× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.95× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-7.9M | $-855.1K |
| Free Cash FlowOCF − Capex | — | $-927.1K |
| FCF MarginFCF / Revenue | — | -5.0% |
| Capex IntensityCapex / Revenue | 0.0% | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $675.4K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-855.1K | ||
| Q3 25 | $-4.5M | $-308.7K | ||
| Q2 25 | $-1.2M | $1.1M | ||
| Q1 25 | $-537.6K | $1.1M | ||
| Q4 24 | $-434.3K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $436.0K | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $-927.1K | ||
| Q3 25 | $-4.5M | $-351.3K | ||
| Q2 25 | $-1.2M | $988.6K | ||
| Q1 25 | $-539.0K | $965.3K | ||
| Q4 24 | $-439.7K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $426.8K | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -5.0% | ||
| Q3 25 | -57.0% | -1.8% | ||
| Q2 25 | -50.0% | 4.9% | ||
| Q1 25 | -17.3% | 4.8% | ||
| Q4 24 | -6.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.0% | 0.4% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 0.0% | 0.6% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FWDI
| CODM | $17.4M | 81% |
| Design Segment | $4.1M | 19% |
HCWC
| Retail Grocery | $17.1M | 91% |
| Food Service Restaurant | $1.7M | 9% |
