Bridgewater Bancshares, Inc. (BWB) vs Forward Industries, Inc. (FWDI)
A side-by-side comparison of Bridgewater Bancshares, Inc. and Forward Industries, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — BWB vs FWDI
growth of $100 · dividends reinvested · last 9yBWB vs FWDI: by the numbers
- •FWDI is the larger company ($598M vs $570M market cap).
- •BWB is profitable (22.07% net margin) while FWDI runs a net loss (-2073.85%).
- •BWB grew revenue faster over the past five years (15.26% vs -12.01% CAGR).
Metrics side by side
Valuation
| Metric | BWB | FWDI |
|---|---|---|
| P/E ratio | 11.10 | N/A |
| Forward P/E | 11.12 | 38.02 |
| PEG ratio | 1.11 | N/A |
| P/S ratio | 2.23 | 11.26 |
| P/B ratio | 1.18 | 1.26 |
Profitability
| Metric | BWB | FWDI |
|---|---|---|
| Operating margin | 13.20% | -35.00% |
| Net margin | 22.07% | -2073.85% |
| ROE | 10.28% | -232.31% |
Bridgewater Bancshares, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Forward Industries, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Growth (annualized)
| Metric | BWB | FWDI |
|---|---|---|
| Revenue CAGR (5Y) | 15.26% | -12.01% |
| EPS CAGR (5Y) | 10.00% | N/A |
| Total return CAGR (5Y) | 2.57% | -18.32% |
Frequently asked
- Which has grown faster, BWB or FWDI?
- Over the past five years, BWB grew revenue faster — BWB at a 15.26% CAGR versus FWDI at -12.01%.
- Is BWB or FWDI more profitable?
- BWB runs the higher net margin — BWB at 22.07% versus FWDI at -2073.85%.
- How have BWB and FWDI total returns compared?
- Over the past 5 years, BWB delivered 2.57% and FWDI delivered -18.32% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Bridgewater Bancshares & Forward Industries appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.