vs
Side-by-side financial comparison of Forward Industries, Inc. (FWDI) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.
Forward Industries, Inc. is the larger business by last-quarter revenue ($21.4M vs $13.4M, roughly 1.6× Outdoor Holding Co). Outdoor Holding Co runs the higher net margin — 16.7% vs -2732.2%, a 2748.8% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs -54.1%).
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.
Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.
FWDI vs POWW — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $21.4M | $13.4M |
| Net Profit | $-585.7M | $2.2M |
| Gross Margin | 78.6% | 87.1% |
| Operating Margin | -2722.8% | 14.7% |
| Net Margin | -2732.2% | 16.7% |
| Revenue YoY | 224.0% | -54.1% |
| Net Profit YoY | -82611.5% | 108.5% |
| EPS (diluted) | $-5.91 | $0.01 |
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 | $13.4M | ||
| Q3 25 | $7.9M | $12.0M | ||
| Q2 25 | $2.5M | $11.9M | ||
| Q1 25 | $3.1M | $12.6M | ||
| Q4 24 | $6.6M | $12.5M | ||
| Q3 24 | — | $12.0M | ||
| Q2 24 | $7.8M | $12.3M | ||
| Q1 24 | $5.1M | $-50.7M |
| Q4 25 | $-585.7M | $2.2M | ||
| Q3 25 | $-164.0M | $1.4M | ||
| Q2 25 | $-850.0K | $-6.5M | ||
| Q1 25 | $-1.5M | $-77.5M | ||
| Q4 24 | $-708.1K | $-26.1M | ||
| Q3 24 | — | $-12.4M | ||
| Q2 24 | $-399.6K | $-14.8M | ||
| Q1 24 | $-553.2K | $-5.2M |
| Q4 25 | 78.6% | 87.1% | ||
| Q3 25 | 61.1% | 87.1% | ||
| Q2 25 | — | 87.2% | ||
| Q1 25 | -5.7% | 87.5% | ||
| Q4 24 | 17.1% | 87.4% | ||
| Q3 24 | — | 86.9% | ||
| Q2 24 | 16.8% | 85.8% | ||
| Q1 24 | 26.2% | — |
| Q4 25 | -2722.8% | 14.7% | ||
| Q3 25 | -39.2% | 5.9% | ||
| Q2 25 | -102.6% | -50.7% | ||
| Q1 25 | -58.3% | -213.6% | ||
| Q4 24 | -13.6% | -163.8% | ||
| Q3 24 | — | -50.3% | ||
| Q2 24 | -5.9% | -50.8% | ||
| Q1 24 | -12.2% | — |
| Q4 25 | -2732.2% | 16.7% | ||
| Q3 25 | -2063.6% | 11.7% | ||
| Q2 25 | -34.1% | -54.5% | ||
| Q1 25 | -46.5% | -614.5% | ||
| Q4 24 | -10.7% | -208.7% | ||
| Q3 24 | — | -103.7% | ||
| Q2 24 | -5.1% | -120.2% | ||
| Q1 24 | -10.9% | 10.3% |
| Q4 25 | $-5.91 | $0.01 | ||
| Q3 25 | $-21.86 | $0.01 | ||
| Q2 25 | $-0.77 | $-0.06 | ||
| Q1 25 | $-1.32 | $-0.67 | ||
| Q4 24 | $-0.64 | $-0.23 | ||
| Q3 24 | — | $-0.11 | ||
| Q2 24 | $-0.36 | $-0.13 | ||
| 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 | — | $69.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $880.9M | $237.3M |
| Total Assets | $892.9M | $271.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $69.9M | ||
| Q3 25 | — | $65.7M | ||
| Q2 25 | — | $63.4M | ||
| Q1 25 | — | $30.2M | ||
| Q4 24 | — | $31.9M | ||
| Q3 24 | — | $33.5M | ||
| Q2 24 | — | $50.8M | ||
| Q1 24 | — | $55.6M |
| Q4 25 | $880.9M | $237.3M | ||
| Q3 25 | $1.5B | $235.4M | ||
| Q2 25 | $3.4M | $222.5M | ||
| Q1 25 | $3.6M | $222.0M | ||
| Q4 24 | $2.3M | $299.6M | ||
| Q3 24 | — | $325.6M | ||
| Q2 24 | $1.4M | $342.5M | ||
| Q1 24 | $1.8M | $358.0M |
| Q4 25 | $892.9M | $271.7M | ||
| Q3 25 | $1.5B | $270.3M | ||
| Q2 25 | $8.3M | $269.5M | ||
| Q1 25 | $12.3M | $297.3M | ||
| Q4 24 | — | $355.4M | ||
| Q3 24 | — | $368.9M | ||
| Q2 24 | $15.2M | $398.6M | ||
| Q1 24 | $15.2M | $403.0M |
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 | $5.7M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 37.6% |
| Capex IntensityCapex / Revenue | 0.0% | 4.8% |
| Cash ConversionOCF / Net Profit | — | 2.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $5.7M | ||
| Q3 25 | $-4.5M | $3.2M | ||
| Q2 25 | $-1.2M | $-6.7M | ||
| Q1 25 | $-537.6K | $-1.5M | ||
| Q4 24 | $-434.3K | $1.3M | ||
| Q3 24 | — | $-9.3M | ||
| Q2 24 | $436.0K | $-547.5K | ||
| Q1 24 | — | $4.3M |
| Q4 25 | — | $5.0M | ||
| Q3 25 | $-4.5M | $2.5M | ||
| Q2 25 | $-1.2M | $-7.6M | ||
| Q1 25 | $-539.0K | $-2.3M | ||
| Q4 24 | $-439.7K | $720.3K | ||
| Q3 24 | — | $-10.6M | ||
| Q2 24 | $426.8K | $-1.3M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | — | 37.6% | ||
| Q3 25 | -57.0% | 21.0% | ||
| Q2 25 | -50.0% | -63.8% | ||
| Q1 25 | -17.3% | -18.6% | ||
| Q4 24 | -6.6% | 5.8% | ||
| Q3 24 | — | -88.3% | ||
| Q2 24 | 5.5% | -11.0% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | 0.0% | 4.8% | ||
| Q3 25 | 0.3% | 5.8% | ||
| Q2 25 | 0.8% | 7.5% | ||
| Q1 25 | 0.0% | 6.5% | ||
| Q4 24 | 0.1% | 4.4% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | 0.1% | 6.5% | ||
| Q1 24 | — | -5.7% |
| Q4 25 | — | 2.55× | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | — | — | ||
| 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
FWDI
| CODM | $17.4M | 81% |
| Design Segment | $4.1M | 19% |
POWW
Segment breakdown not available.
