vs
Side-by-side financial comparison of Forward Industries, Inc. (FWDI) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
SANDRIDGE ENERGY INC is the larger business by last-quarter revenue ($39.4M vs $21.4M, roughly 1.8× Forward Industries, Inc.). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -2732.2%, a 2787.1% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs 1.1%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs 14.1%).
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.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
FWDI vs SD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.4M | $39.4M |
| Net Profit | $-585.7M | $21.6M |
| Gross Margin | 78.6% | — |
| Operating Margin | -2722.8% | 38.5% |
| Net Margin | -2732.2% | 54.9% |
| Revenue YoY | 224.0% | 1.1% |
| Net Profit YoY | -82611.5% | 23.1% |
| EPS (diluted) | $-5.91 | $0.59 |
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 | $39.4M | ||
| Q3 25 | $7.9M | $39.8M | ||
| Q2 25 | $2.5M | $34.5M | ||
| Q1 25 | $3.1M | $42.6M | ||
| Q4 24 | $6.6M | $39.0M | ||
| Q3 24 | — | $30.1M | ||
| Q2 24 | $7.8M | $26.0M | ||
| Q1 24 | $5.1M | $30.3M |
| Q4 25 | $-585.7M | $21.6M | ||
| Q3 25 | $-164.0M | $16.0M | ||
| Q2 25 | $-850.0K | $19.6M | ||
| Q1 25 | $-1.5M | $13.0M | ||
| Q4 24 | $-708.1K | $17.6M | ||
| Q3 24 | — | $25.5M | ||
| Q2 24 | $-399.6K | $8.8M | ||
| Q1 24 | $-553.2K | $11.1M |
| Q4 25 | 78.6% | — | ||
| Q3 25 | 61.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -5.7% | — | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 16.8% | — | ||
| Q1 24 | 26.2% | — |
| Q4 25 | -2722.8% | 38.5% | ||
| Q3 25 | -39.2% | 37.8% | ||
| Q2 25 | -102.6% | 53.7% | ||
| Q1 25 | -58.3% | 28.6% | ||
| Q4 24 | -13.6% | 25.9% | ||
| Q3 24 | — | 28.3% | ||
| Q2 24 | -5.9% | 23.9% | ||
| Q1 24 | -12.2% | 27.8% |
| Q4 25 | -2732.2% | 54.9% | ||
| Q3 25 | -2063.6% | 40.1% | ||
| Q2 25 | -34.1% | 56.6% | ||
| Q1 25 | -46.5% | 30.6% | ||
| Q4 24 | -10.7% | 45.1% | ||
| Q3 24 | — | 84.8% | ||
| Q2 24 | -5.1% | 33.9% | ||
| Q1 24 | -10.9% | 36.7% |
| Q4 25 | $-5.91 | $0.59 | ||
| Q3 25 | $-21.86 | $0.43 | ||
| Q2 25 | $-0.77 | $0.53 | ||
| Q1 25 | $-1.32 | $0.35 | ||
| Q4 24 | $-0.64 | $0.46 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | $-0.36 | $0.24 | ||
| Q1 24 | $-0.50 | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $111.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $880.9M | $510.9M |
| Total Assets | $892.9M | $644.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $111.0M | ||
| Q3 25 | — | $101.2M | ||
| Q2 25 | — | $102.8M | ||
| Q1 25 | — | $99.7M | ||
| Q4 24 | — | $98.1M | ||
| Q3 24 | — | $92.7M | ||
| Q2 24 | — | $209.9M | ||
| Q1 24 | — | $207.0M |
| Q4 25 | $880.9M | $510.9M | ||
| Q3 25 | $1.5B | $492.4M | ||
| Q2 25 | $3.4M | $480.2M | ||
| Q1 25 | $3.6M | $464.9M | ||
| Q4 24 | $2.3M | $460.5M | ||
| Q3 24 | — | $446.8M | ||
| Q2 24 | $1.4M | $424.8M | ||
| Q1 24 | $1.8M | $419.7M |
| Q4 25 | $892.9M | $644.0M | ||
| Q3 25 | $1.5B | $619.0M | ||
| Q2 25 | $8.3M | $602.3M | ||
| Q1 25 | $12.3M | $588.3M | ||
| Q4 24 | — | $581.5M | ||
| Q3 24 | — | $565.2M | ||
| Q2 24 | $15.2M | $529.6M | ||
| Q1 24 | $15.2M | $527.4M |
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 | $31.7M |
| Free Cash FlowOCF − Capex | — | $14.4M |
| FCF MarginFCF / Revenue | — | 36.6% |
| Capex IntensityCapex / Revenue | 0.0% | 43.8% |
| Cash ConversionOCF / Net Profit | — | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $31.7M | ||
| Q3 25 | $-4.5M | $25.3M | ||
| Q2 25 | $-1.2M | $22.9M | ||
| Q1 25 | $-537.6K | $20.3M | ||
| Q4 24 | $-434.3K | $26.0M | ||
| Q3 24 | — | $20.8M | ||
| Q2 24 | $436.0K | $11.4M | ||
| Q1 24 | — | $15.7M |
| Q4 25 | — | $14.4M | ||
| Q3 25 | $-4.5M | $5.9M | ||
| Q2 25 | $-1.2M | $7.3M | ||
| Q1 25 | $-539.0K | $13.9M | ||
| Q4 24 | $-439.7K | $13.2M | ||
| Q3 24 | — | $10.8M | ||
| Q2 24 | $426.8K | $9.0M | ||
| Q1 24 | — | $14.6M |
| Q4 25 | — | 36.6% | ||
| Q3 25 | -57.0% | 14.9% | ||
| Q2 25 | -50.0% | 21.0% | ||
| Q1 25 | -17.3% | 32.7% | ||
| Q4 24 | -6.6% | 33.8% | ||
| Q3 24 | — | 36.1% | ||
| Q2 24 | 5.5% | 34.5% | ||
| Q1 24 | — | 48.1% |
| Q4 25 | 0.0% | 43.8% | ||
| Q3 25 | 0.3% | 48.6% | ||
| Q2 25 | 0.8% | 45.2% | ||
| Q1 25 | 0.0% | 15.0% | ||
| Q4 24 | 0.1% | 32.9% | ||
| Q3 24 | — | 33.3% | ||
| Q2 24 | 0.1% | 9.4% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
