Flagship explainer

What drives FORWARD INDUSTRIES, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−23%Tax burden99%net income ÷ pretax incomeInterest burden2015%pretax ÷ operating incomeOperating margin−46%operating income ÷ revenueAsset turnover0.02×revenue ÷ average assetsEquity multiplier1.01×average assets ÷ average equityAs of 2025-09-30 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$167MFY2025
Income before tax−$169MFY2025
Operating income−$8.4MFY2025
$18.2MFY2025
Ending assets$1.5BFY2025
Beginning assets$14.8MFY2024
$1.5BFY2025
$3MFY2024
Source: · event Sep 30, 2025 · retrieved Oct 20, 2026 · annual-row source set
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