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Side-by-side financial comparison of Forward Industries, Inc. (FWDI) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
RxSight, Inc. is the larger business by last-quarter revenue ($32.6M vs $21.4M, roughly 1.5× Forward Industries, Inc.). RxSight, Inc. runs the higher net margin — -28.1% vs -2732.2%, a 2704.1% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs -18.9%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs 5.1%).
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.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
FWDI vs RXST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.4M | $32.6M |
| Net Profit | $-585.7M | $-9.2M |
| Gross Margin | 78.6% | 77.5% |
| Operating Margin | -2722.8% | -34.8% |
| Net Margin | -2732.2% | -28.1% |
| Revenue YoY | 224.0% | -18.9% |
| Net Profit YoY | -82611.5% | -54.1% |
| EPS (diluted) | $-5.91 | $-0.22 |
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 | $32.6M | ||
| Q3 25 | $7.9M | $30.3M | ||
| Q2 25 | $2.5M | $33.6M | ||
| Q1 25 | $3.1M | $37.9M | ||
| Q4 24 | $6.6M | $40.2M | ||
| Q3 24 | — | $35.3M | ||
| Q2 24 | $7.8M | $34.9M | ||
| Q1 24 | $5.1M | $29.5M |
| Q4 25 | $-585.7M | $-9.2M | ||
| Q3 25 | $-164.0M | $-9.8M | ||
| Q2 25 | $-850.0K | $-11.8M | ||
| Q1 25 | $-1.5M | $-8.2M | ||
| Q4 24 | $-708.1K | $-5.9M | ||
| Q3 24 | — | $-6.3M | ||
| Q2 24 | $-399.6K | $-6.1M | ||
| Q1 24 | $-553.2K | $-9.1M |
| Q4 25 | 78.6% | 77.5% | ||
| Q3 25 | 61.1% | 79.9% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | -5.7% | 74.8% | ||
| Q4 24 | 17.1% | 71.6% | ||
| Q3 24 | — | 71.4% | ||
| Q2 24 | 16.8% | 69.5% | ||
| Q1 24 | 26.2% | 70.1% |
| Q4 25 | -2722.8% | -34.8% | ||
| Q3 25 | -39.2% | -40.1% | ||
| Q2 25 | -102.6% | -41.6% | ||
| Q1 25 | -58.3% | -28.2% | ||
| Q4 24 | -13.6% | -21.5% | ||
| Q3 24 | — | -26.1% | ||
| Q2 24 | -5.9% | -23.9% | ||
| Q1 24 | -12.2% | -36.2% |
| Q4 25 | -2732.2% | -28.1% | ||
| Q3 25 | -2063.6% | -32.4% | ||
| Q2 25 | -34.1% | -35.0% | ||
| Q1 25 | -46.5% | -21.6% | ||
| Q4 24 | -10.7% | -14.8% | ||
| Q3 24 | — | -17.9% | ||
| Q2 24 | -5.1% | -17.4% | ||
| Q1 24 | -10.9% | -30.8% |
| Q4 25 | $-5.91 | $-0.22 | ||
| Q3 25 | $-21.86 | $-0.24 | ||
| Q2 25 | $-0.77 | $-0.29 | ||
| Q1 25 | $-1.32 | $-0.20 | ||
| Q4 24 | $-0.64 | $-0.14 | ||
| Q3 24 | — | $-0.16 | ||
| Q2 24 | $-0.36 | $-0.16 | ||
| Q1 24 | $-0.50 | $-0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $228.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $880.9M | $275.7M |
| Total Assets | $892.9M | $311.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $228.1M | ||
| Q3 25 | — | $227.5M | ||
| Q2 25 | — | $227.5M | ||
| Q1 25 | — | $229.3M | ||
| Q4 24 | — | $237.2M | ||
| Q3 24 | — | $237.1M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $125.4M |
| Q4 25 | $880.9M | $275.7M | ||
| Q3 25 | $1.5B | $276.0M | ||
| Q2 25 | $3.4M | $278.0M | ||
| Q1 25 | $3.6M | $279.3M | ||
| Q4 24 | $2.3M | $281.2M | ||
| Q3 24 | — | $277.3M | ||
| Q2 24 | $1.4M | $275.2M | ||
| Q1 24 | $1.8M | $163.9M |
| Q4 25 | $892.9M | $311.8M | ||
| Q3 25 | $1.5B | $308.5M | ||
| Q2 25 | $8.3M | $309.0M | ||
| Q1 25 | $12.3M | $313.0M | ||
| Q4 24 | — | $318.6M | ||
| Q3 24 | — | $310.5M | ||
| Q2 24 | $15.2M | $305.5M | ||
| Q1 24 | $15.2M | $183.2M |
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 | $-7.9M | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.3M |
| FCF MarginFCF / Revenue | — | -6.9% |
| Capex IntensityCapex / Revenue | 0.0% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-1.1M | ||
| Q3 25 | $-4.5M | $-1.2M | ||
| Q2 25 | $-1.2M | $-4.4M | ||
| Q1 25 | $-537.6K | $-8.8M | ||
| Q4 24 | $-434.3K | $-4.3M | ||
| Q3 24 | — | $650.0K | ||
| Q2 24 | $436.0K | $-4.0M | ||
| Q1 24 | — | $-9.3M |
| Q4 25 | — | $-2.3M | ||
| Q3 25 | $-4.5M | $-1.8M | ||
| Q2 25 | $-1.2M | $-5.9M | ||
| Q1 25 | $-539.0K | $-9.4M | ||
| Q4 24 | $-439.7K | $-5.1M | ||
| Q3 24 | — | $-453.0K | ||
| Q2 24 | $426.8K | $-5.5M | ||
| Q1 24 | — | $-11.3M |
| Q4 25 | — | -6.9% | ||
| Q3 25 | -57.0% | -5.8% | ||
| Q2 25 | -50.0% | -17.6% | ||
| Q1 25 | -17.3% | -24.8% | ||
| Q4 24 | -6.6% | -12.7% | ||
| Q3 24 | — | -1.3% | ||
| Q2 24 | 5.5% | -15.9% | ||
| Q1 24 | — | -38.2% |
| Q4 25 | 0.0% | 3.5% | ||
| Q3 25 | 0.3% | 1.9% | ||
| Q2 25 | 0.8% | 4.6% | ||
| Q1 25 | 0.0% | 1.5% | ||
| Q4 24 | 0.1% | 2.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | 0.1% | 4.4% | ||
| Q1 24 | — | 6.7% |
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% |
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
