Forward Industries vs ONE Stop Systems
ONE Stop Systems is the larger business, with $32.2m of revenue in fiscal 2025 against $18.2m for Forward Industries (1.8 times as much). ONE Stop Systems grew faster (31.2% against -9.0%). ONE Stop Systems kept more of each dollar of sales as profit: a net margin of 15.8% against -918.1%.
| Latest fiscal year | Forward IndustriesFWDI, 2025 | ONE Stop SystemsOSS, 2025 |
|---|---|---|
| Revenue | $18.2m | $32.2m |
| Revenue growth | -9.0% | 31.2% |
| Net income | −$167m | $5.1m |
| Operating margin | -46.1% | -10.5% |
| Net margin | -918.1% | 15.8% |
| Return on equity | -22.7% | 13.9% |
| Free cash flow | −$4.5m | −$6.7m |
| Cash | $38.2m | $31.2m |
| Total debt | — | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 57 |
| Market value | $452m | $123m |
| Price vs our value range | — | — |
| Moat score | 23 (Weak) | 41 (Weak) |
| Insider trades, 12 months | 3 buys, 0 sales | 0 buys, 3 sales |