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Side-by-side financial comparison of Forward Industries, Inc. (FWDI) and Research Solutions, Inc. (RSSS). Click either name above to swap in a different company.

Forward Industries, Inc. is the larger business by last-quarter revenue ($21.4M vs $11.8M, roughly 1.8× Research Solutions, Inc.). Research Solutions, Inc. runs the higher net margin — 4.6% vs -2732.2%, a 2736.8% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs -1.0%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs -1.3%).

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.

Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No. 1 on both Engineering News-Record (ENR)'s 2018, 2019, 2020, 2021, 2022, and 2023 Top 500 Design Firms and Trenchless Technolo...

FWDI vs RSSS — Head-to-Head

Bigger by revenue
FWDI
FWDI
1.8× larger
FWDI
$21.4M
$11.8M
RSSS
Growing faster (revenue YoY)
FWDI
FWDI
+225.0% gap
FWDI
224.0%
-1.0%
RSSS
Higher net margin
RSSS
RSSS
2736.8% more per $
RSSS
4.6%
-2732.2%
FWDI
Faster 2-yr revenue CAGR
FWDI
FWDI
Annualised
FWDI
74.6%
-1.3%
RSSS

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
FWDI
FWDI
RSSS
RSSS
Revenue
$21.4M
$11.8M
Net Profit
$-585.7M
$546.9K
Gross Margin
78.6%
52.4%
Operating Margin
-2722.8%
6.3%
Net Margin
-2732.2%
4.6%
Revenue YoY
224.0%
-1.0%
Net Profit YoY
-82611.5%
127.6%
EPS (diluted)
$-5.91
$0.02

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
FWDI
FWDI
RSSS
RSSS
Q4 25
$21.4M
$11.8M
Q3 25
$7.9M
$12.3M
Q2 25
$2.5M
$12.4M
Q1 25
$3.1M
$12.7M
Q4 24
$6.6M
$11.9M
Q3 24
$12.0M
Q2 24
$7.8M
$12.1M
Q1 24
$5.1M
$12.1M
Net Profit
FWDI
FWDI
RSSS
RSSS
Q4 25
$-585.7M
$546.9K
Q3 25
$-164.0M
$749.4K
Q2 25
$-850.0K
$2.4M
Q1 25
$-1.5M
$216.5K
Q4 24
$-708.1K
$-2.0M
Q3 24
$669.0K
Q2 24
$-399.6K
$-2.8M
Q1 24
$-553.2K
$76.3K
Gross Margin
FWDI
FWDI
RSSS
RSSS
Q4 25
78.6%
52.4%
Q3 25
61.1%
50.6%
Q2 25
51.0%
Q1 25
-5.7%
49.5%
Q4 24
17.1%
48.9%
Q3 24
47.9%
Q2 24
16.8%
46.5%
Q1 24
26.2%
45.2%
Operating Margin
FWDI
FWDI
RSSS
RSSS
Q4 25
-2722.8%
6.3%
Q3 25
-39.2%
7.8%
Q2 25
-102.6%
9.7%
Q1 25
-58.3%
4.4%
Q4 24
-13.6%
0.8%
Q3 24
5.4%
Q2 24
-5.9%
5.5%
Q1 24
-12.2%
0.7%
Net Margin
FWDI
FWDI
RSSS
RSSS
Q4 25
-2732.2%
4.6%
Q3 25
-2063.6%
6.1%
Q2 25
-34.1%
19.0%
Q1 25
-46.5%
1.7%
Q4 24
-10.7%
-16.6%
Q3 24
5.6%
Q2 24
-5.1%
-23.3%
Q1 24
-10.9%
0.6%
EPS (diluted)
FWDI
FWDI
RSSS
RSSS
Q4 25
$-5.91
$0.02
Q3 25
$-21.86
$0.02
Q2 25
$-0.77
$0.08
Q1 25
$-1.32
$0.01
Q4 24
$-0.64
$-0.07
Q3 24
$0.02
Q2 24
$-0.36
$-0.09
Q1 24
$-0.50
$0.00

Balance Sheet & Financial Strength

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

Metric
FWDI
FWDI
RSSS
RSSS
Cash + ST InvestmentsLiquidity on hand
$12.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$880.9M
$17.2M
Total Assets
$892.9M
$44.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FWDI
FWDI
RSSS
RSSS
Q4 25
$12.3M
Q3 25
$12.0M
Q2 25
$12.2M
Q1 25
$9.9M
Q4 24
$7.7M
Q3 24
$6.9M
Q2 24
$6.1M
Q1 24
$4.2M
Stockholders' Equity
FWDI
FWDI
RSSS
RSSS
Q4 25
$880.9M
$17.2M
Q3 25
$1.5B
$15.6M
Q2 25
$3.4M
$13.9M
Q1 25
$3.6M
$11.2M
Q4 24
$2.3M
$11.1M
Q3 24
$12.8M
Q2 24
$1.4M
$11.7M
Q1 24
$1.8M
$14.1M
Total Assets
FWDI
FWDI
RSSS
RSSS
Q4 25
$892.9M
$44.2M
Q3 25
$1.5B
$45.5M
Q2 25
$8.3M
$46.1M
Q1 25
$12.3M
$45.2M
Q4 24
$42.8M
Q3 24
$41.4M
Q2 24
$15.2M
$41.9M
Q1 24
$15.2M
$40.8M

Cash Flow & Capital Efficiency

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

Metric
FWDI
FWDI
RSSS
RSSS
Operating Cash FlowLast quarter
$-7.9M
$1.4M
Free Cash FlowOCF − Capex
$1.4M
FCF MarginFCF / Revenue
11.7%
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
2.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FWDI
FWDI
RSSS
RSSS
Q4 25
$-7.9M
$1.4M
Q3 25
$-4.5M
$1.1M
Q2 25
$-1.2M
$2.3M
Q1 25
$-537.6K
$2.9M
Q4 24
$-434.3K
$1.0M
Q3 24
$843.1K
Q2 24
$436.0K
$2.0M
Q1 24
$2.0M
Free Cash Flow
FWDI
FWDI
RSSS
RSSS
Q4 25
$1.4M
Q3 25
$-4.5M
$1.1M
Q2 25
$-1.2M
Q1 25
$-539.0K
$2.9M
Q4 24
$-439.7K
Q3 24
Q2 24
$426.8K
$1.9M
Q1 24
$2.0M
FCF Margin
FWDI
FWDI
RSSS
RSSS
Q4 25
11.7%
Q3 25
-57.0%
8.8%
Q2 25
-50.0%
Q1 25
-17.3%
22.8%
Q4 24
-6.6%
Q3 24
Q2 24
5.5%
16.0%
Q1 24
16.6%
Capex Intensity
FWDI
FWDI
RSSS
RSSS
Q4 25
0.0%
0.1%
Q3 25
0.3%
0.1%
Q2 25
0.8%
Q1 25
0.0%
0.0%
Q4 24
0.1%
Q3 24
Q2 24
0.1%
0.1%
Q1 24
0.0%
Cash Conversion
FWDI
FWDI
RSSS
RSSS
Q4 25
2.53×
Q3 25
1.48×
Q2 25
0.96×
Q1 25
13.36×
Q4 24
Q3 24
1.26×
Q2 24
Q1 24
26.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FWDI
FWDI

CODM$17.4M81%
Design Segment$4.1M19%

RSSS
RSSS

Transactions$6.6M56%
Platforms$5.2M44%

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