FORTYNasdaqServices-Computer Programming ServicesFiscal year ends December 31
FORMULA SYSTEMS (1985) LTD
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 13, 2026
$114.28−0.32 (-0.28%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 3.0
- Dividend yield
- –
Formula Systems (1985) statistics
Financials through Dec 31, 2025, price as of Oct 19, 2026, median of Services-Computer Programming Services companies for comparison
Valuation
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Market Cap | $1.75B | $288.35M |
| Enterprise Value | $1.26B | $295.96M |
| PE Ratio | 2.98 | 25.62 |
| PS Ratio | 0.67 | 2.36 |
| PB Ratio | 1.29 | 2.67 |
| P/TBV Ratio | 3.13 | 4.90 |
| P/FCF Ratio | 4.79 | 15.03 |
| P/OCF Ratio | 4.59 | 13.00 |
Enterprise value
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| EV / Sales | 0.48 | 2.14 |
| EV / EBITDA | 3.48 | 16.16 |
| EV / FCF | 3.44 | 15.26 |
Income (trailing twelve months)
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Revenue | $2.63B | $285.88M |
| Gross Profit | $519.16M | $158.88M |
| Pretax Income | $146.39M | -$295.11K |
| Net Income | $606.48M | -$298.85K |
| EBITDA | $362.49M | -$186.20K |
| EPS (Diluted) | $38.39 | $0.00 |
Margins
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Gross Margin | 19.8% | 55.8% |
| Pretax Margin | 5.57% | -0.50% |
| Profit Margin | 23.1% | -1.84% |
| EBITDA Margin | 13.8% | 0.49% |
| FCF Margin | 13.9% | 10.0% |
Returns
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Return on Equity (ROE) | 59.7% | 1.05% |
| Return on Assets (ROA) | 18.4% | -3.10% |
Growth
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 18.4% | 9.79% |
| Net Income Growth (YoY) | 661.2% | 7.20% |
| EPS Growth (YoY) | 654.2% | 10.4% |
| FCF Growth (YoY) | 18.8% | 17.8% |
| Revenue Growth (3Y CAGR) | 0.70% | 7.56% |
| Revenue Growth (5Y CAGR) | 6.32% | 12.3% |
| EPS Growth (3Y CAGR) | 94.6% | 14.9% |
| EPS Growth (5Y CAGR) | 66.4% | 12.4% |
Balance sheet
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $1.28B | $43.10M |
| Total Debt | $363.33M | $204.00M |
| Net Cash (Debt) | $916.79M | $1.87M |
| Net Cash Per Share | $59.79 | $0.14 |
| Equity (Book Value) | $1.35B | $52.02M |
| Book Value Per Share | $88.26 | $1.91 |
| Tangible Book Value | $559.40M | $3.03M |
| Working Capital | $835.49M | $14.05M |
Financial position
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Current Ratio | 1.63 | 1.39 |
| Quick Ratio | 0.96 | 0.93 |
| Debt / Equity | 0.27 | 0.55 |
| Debt / EBITDA | 1.00 | 2.80 |
| Debt / FCF | 0.99 | 2.97 |
| Net Debt / EBITDA | -2.53 | 1.50 |
Cash flow (trailing twelve months)
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Operating Cash Flow | $382.04M | $8.52M |
| Capital Expenditures | -$16.18M | -$5.59M |
| Free Cash Flow | $365.86M | $47.39M |
| FCF Per Share | $23.86 | $0.69 |
Efficiency
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Asset Turnover | 0.80 | 0.63 |
| Inventory Turnover | 69.14 | 14.46 |
| Revenue Per Employee | $5.25M | $393.50K |
| Profits Per Employee | $1.21M | -$4.74K |
| Employee Count | 500 | 530 |
Dividends and yields
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Earnings Yield | 34.6% | -0.95% |
| FCF Yield | 20.9% | 4.01% |
Shares
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Shares Outstanding | 15,332,700 | 59,289,300 |
| Shares Change (YoY) | 0.96% | 2.27% |
| Float | 13,502,900 | 52,876,900 |
| Shares Held by Insiders | 11.9% | 13.2% |
| Shares Held by Institutions | 5.20% | 66.9% |
Taxes
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Income Tax | $40.46M | $1.64M |
| Effective Tax Rate | 27.6% | 22.0% |
Scores
| Measure | Formula Systems (1985) | Industry median |
|---|---|---|
| Graham Number | $276.11 | $15.50 |
| Graham Upside | 141.6% | -55.8% |
| Altman Z-Score | 2.03 | 1.50 |
| Piotroski F-Score | 6 | 5 |
| Beneish M-Score | -2.94 | -2.81 |
Calculated by StockData from Formula Systems (1985)'s SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.