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Side-by-side financial comparison of Forward Industries, Inc. (FWDI) and ORASURE TECHNOLOGIES INC (OSUR). Click either name above to swap in a different company.
ORASURE TECHNOLOGIES INC is the larger business by last-quarter revenue ($26.8M vs $21.4M, roughly 1.2× Forward Industries, Inc.). ORASURE TECHNOLOGIES INC runs the higher net margin — -72.1% vs -2732.2%, a 2660.1% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs -28.5%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs -29.7%).
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.
OraSure Technologies, Inc. is a Bethlehem, Pennsylvania–based company in the medical device industry. Their products include diagnostic testing kits. The company had recently developed OraQuick testing kit, the first over-the-counter home HIV test.
FWDI vs OSUR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.4M | $26.8M |
| Net Profit | $-585.7M | $-19.3M |
| Gross Margin | 78.6% | 41.0% |
| Operating Margin | -2722.8% | -75.1% |
| Net Margin | -2732.2% | -72.1% |
| Revenue YoY | 224.0% | -28.5% |
| Net Profit YoY | -82611.5% | -78.7% |
| EPS (diluted) | $-5.91 | $-0.28 |
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 | $26.8M | ||
| Q3 25 | $7.9M | $27.1M | ||
| Q2 25 | $2.5M | $31.2M | ||
| Q1 25 | $3.1M | $29.9M | ||
| Q4 24 | $6.6M | $37.4M | ||
| Q3 24 | — | $39.9M | ||
| Q2 24 | $7.8M | $54.3M | ||
| Q1 24 | $5.1M | $54.1M |
| Q4 25 | $-585.7M | $-19.3M | ||
| Q3 25 | $-164.0M | $-13.7M | ||
| Q2 25 | $-850.0K | $-19.7M | ||
| Q1 25 | $-1.5M | $-16.0M | ||
| Q4 24 | $-708.1K | $-10.8M | ||
| Q3 24 | — | $-4.5M | ||
| Q2 24 | $-399.6K | $-615.0K | ||
| Q1 24 | $-553.2K | $-3.6M |
| Q4 25 | 78.6% | 41.0% | ||
| Q3 25 | 61.1% | 43.5% | ||
| Q2 25 | — | 42.1% | ||
| Q1 25 | -5.7% | 41.1% | ||
| Q4 24 | 17.1% | 36.2% | ||
| Q3 24 | — | 42.8% | ||
| Q2 24 | 16.8% | 45.4% | ||
| Q1 24 | 26.2% | 44.5% |
| Q4 25 | -2722.8% | -75.1% | ||
| Q3 25 | -39.2% | -59.4% | ||
| Q2 25 | -102.6% | -57.7% | ||
| Q1 25 | -58.3% | -59.3% | ||
| Q4 24 | -13.6% | -33.2% | ||
| Q3 24 | — | -15.0% | ||
| Q2 24 | -5.9% | -5.0% | ||
| Q1 24 | -12.2% | -13.1% |
| Q4 25 | -2732.2% | -72.1% | ||
| Q3 25 | -2063.6% | -50.6% | ||
| Q2 25 | -34.1% | -63.0% | ||
| Q1 25 | -46.5% | -53.6% | ||
| Q4 24 | -10.7% | -28.8% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | -5.1% | -1.1% | ||
| Q1 24 | -10.9% | -6.6% |
| Q4 25 | $-5.91 | $-0.28 | ||
| Q3 25 | $-21.86 | $-0.19 | ||
| Q2 25 | $-0.77 | $-0.26 | ||
| Q1 25 | $-1.32 | $-0.21 | ||
| Q4 24 | $-0.64 | $-0.14 | ||
| Q3 24 | — | $-0.06 | ||
| Q2 24 | $-0.36 | $-0.01 | ||
| Q1 24 | $-0.50 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $199.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $880.9M | $340.8M |
| Total Assets | $892.9M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $199.3M | ||
| Q3 25 | — | $216.5M | ||
| Q2 25 | — | $234.6M | ||
| Q1 25 | — | $247.6M | ||
| Q4 24 | — | $267.8M | ||
| Q3 24 | — | $278.6M | ||
| Q2 24 | — | $267.4M | ||
| Q1 24 | — | $263.8M |
| Q4 25 | $880.9M | $340.8M | ||
| Q3 25 | $1.5B | $362.0M | ||
| Q2 25 | $3.4M | $380.7M | ||
| Q1 25 | $3.6M | $396.3M | ||
| Q4 24 | $2.3M | $410.3M | ||
| Q3 24 | — | $425.6M | ||
| Q2 24 | $1.4M | $425.8M | ||
| Q1 24 | $1.8M | $426.3M |
| Q4 25 | $892.9M | $403.2M | ||
| Q3 25 | $1.5B | $423.1M | ||
| Q2 25 | $8.3M | $445.0M | ||
| Q1 25 | $12.3M | $457.6M | ||
| Q4 24 | — | $479.7M | ||
| Q3 24 | — | $464.1M | ||
| Q2 24 | $15.2M | $466.3M | ||
| Q1 24 | $15.2M | $467.6M |
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 | $-9.0M |
| Free Cash FlowOCF − Capex | — | $-9.9M |
| FCF MarginFCF / Revenue | — | -37.1% |
| Capex IntensityCapex / Revenue | 0.0% | 3.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-53.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-9.0M | ||
| Q3 25 | $-4.5M | $-10.1M | ||
| Q2 25 | $-1.2M | $-10.2M | ||
| Q1 25 | $-537.6K | $-19.7M | ||
| Q4 24 | $-434.3K | $109.0K | ||
| Q3 24 | — | $12.7M | ||
| Q2 24 | $436.0K | $7.8M | ||
| Q1 24 | — | $6.7M |
| Q4 25 | — | $-9.9M | ||
| Q3 25 | $-4.5M | $-11.0M | ||
| Q2 25 | $-1.2M | $-12.2M | ||
| Q1 25 | $-539.0K | $-20.2M | ||
| Q4 24 | $-439.7K | $-347.0K | ||
| Q3 24 | — | $12.5M | ||
| Q2 24 | $426.8K | $6.2M | ||
| Q1 24 | — | $5.2M |
| Q4 25 | — | -37.1% | ||
| Q3 25 | -57.0% | -40.6% | ||
| Q2 25 | -50.0% | -38.9% | ||
| Q1 25 | -17.3% | -67.3% | ||
| Q4 24 | -6.6% | -0.9% | ||
| Q3 24 | — | 31.4% | ||
| Q2 24 | 5.5% | 11.5% | ||
| Q1 24 | — | 9.5% |
| Q4 25 | 0.0% | 3.4% | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | 0.8% | 6.2% | ||
| Q1 25 | 0.0% | 1.4% | ||
| Q4 24 | 0.1% | 1.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | 0.1% | 3.0% | ||
| Q1 24 | — | 2.9% |
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% |
OSUR
| Product And Services | $24.9M | 93% |
| Other | $1.9M | 7% |
