Forward Industries vs Transact Technologies
Transact Technologies is the larger business, with $51.5m of revenue in fiscal 2025 against $18.2m for Forward Industries (2.8 times as much). Transact Technologies grew faster (18.7% against -9.0%). Transact Technologies kept more of each dollar of sales as profit: a net margin of -2.4% against -918.1%.
| Latest fiscal year | Forward IndustriesFWDI, 2025 | Transact TechnologiesTACT, 2025 |
|---|---|---|
| Revenue | $18.2m | $51.5m |
| Revenue growth | -9.0% | 18.7% |
| Net income | −$167m | −$1.2m |
| Operating margin | -46.1% | -2.7% |
| Net margin | -918.1% | -2.4% |
| Return on equity | -22.7% | -4.0% |
| Free cash flow | −$4.5m | $7.6m |
| Cash | $38.2m | $20.4m |
| Total debt | — | $3.0m |
| Debt to equity | — | 9.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 103 |
| Market value | $452m | $55.3m |
| Price vs our value range | — | Within our value range |
| Moat score | 23 (Weak) | 58 (Moderate) |
| Insider trades, 12 months | 3 buys, 0 sales | 2 buys, 1 sales |