MNDONasdaqServices-Computer Programming ServicesFiscal year ends December 31
MIND CTI LTD
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 18, 2026
$0.91−0.02 (-2.15%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 7.0
- Dividend yield
- 24.18%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
51.0%−1.3 pts over 5 years
Operating margin
10.7%−12.7 pts over 5 years
Net margin
13.4%−9.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -9.3% | -3.3% | -3.6% | -0.7% | |
| Gross profit | -7.6% | -4.8% | -4.1% | -2.1% | |
| Operating income | -52.3% | -27.7% | -17.5% | -10.6% | |
| Net income | -43.8% | -21.0% | -13.5% | -6.3% | |
| EPS, diluted | -40.9% | -20.6% | -13.6% | -6.7% | |
| Free cash flow | -3.5% | -3.7% | -9.2% | -4.3% | |
| Dividend per share | -8.3% | -5.4% | -1.7% | -3.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 19.5% | 23.9% | 11.0% | |
| Return on assets | 14.2% | 17.0% | 8.6% | |
| Current ratio | 3.84 | 3.49 | 3.83 | |
| Inventory turnover | 975.9× | – | – | |
| Capex to revenue | 0.4% | 0.3% | 0.1% | |
| Diluted shares | 19M | 20M | 21M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mind Cti generated $23.66M from operations and spent $24.95M on capital expenditure, dividends and share buybacks. 1% of that went back into the business.
Generated
$23.66M
Used
$24.95M
Capital expenditure$313.00K1%Dividends$24.64M99%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.4%
×Asset turnover0.64×
×Equity multiplier1.29×
=Return on equity, FY202511.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.4% | 0.64× | 1.29× | 11.0% |
| FY2024 | 21.6% | 0.69× | 1.28× | 19.0% |
| FY2023 | 23.9% | 0.68× | 1.31× | 21.4% |
| FY2022 | 24.5% | 0.66× | 1.36× | 22.2% |
| FY2021 | 22.6% | 0.80× | 1.40× | 25.4% |
| FY2020 | 23.0% | 0.74× | 1.41× | 23.9% |
| FY2019 | 22.3% | 0.79× | 1.33× | 23.6% |
| FY2018 | 28.3% | 0.68× | 1.27× | 24.4% |
| FY2017 | 31.1% | 0.64× | 1.33× | 26.5% |
| FY2016 | 23.3% | 0.61× | 1.37× | 19.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$2.60M
- Cash generatingOperating cash flow above zero$3.99M
- Return on assets improvedROA up on the prior year14.6% → 8.5%
- Earnings backed by cashOperating cash flow above net income$3.99M vs $2.60M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose5.78 → 3.83
- No dilutionShare count did not rise21M → 21M
- Gross margin improvedGross margin up on the prior year50.07% → 50.99%
- More efficientAsset turnover rose0.68 → 0.63