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Formula Systems (1985) (FORTY) Financials

Formula Systems (1985) logo
$144.48 +3.04 (+2.15%)
As of 09:30 AM Eastern
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Annual Income Statements for Formula Systems (1985)

Annual Income Statements for Formula Systems (1985)

This table shows Formula Systems (1985)'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 50 56 69 122 39 112 350 200 102 122 1,061
Consolidated Net Income / (Loss)		 50 56 39 77 94 114 142 200 166 194 669
Net Income / (Loss) Continuing Operations		 50 56 39 77 212 112 349 200 102 122 998
Total Pre-Tax Income 		66 77 53 102 240 144 392 255 134 161 1,039
Total Operating Income		 61 95 73 110 138 171 416 232 158 178 1,012
Total Gross Profit		 232 259 297 333 386 447 564 622 421 446 519
Total Revenue		 973 1,115 1,355 1,493 1,701 1,650 564 622 421 446 3,256
Operating Revenue		 973 1,115 1,355 1,493 1,701 1,650 564 622 421 446 3,256
Total Cost of Revenue		 756 850 1,058 1,160 1,315 1,202 0.00 0.00 0.00 0.00 2,108
Operating Cost of Revenue		 756 850 1,058 1,160 1,315 1,202 - - - - 2,108
Total Operating Expenses		 156 170 224 224 248 277 148 390 263 268 136
Selling, General & Admin Expense		 141 148 184 182 201 224 290 318 249 250 312
Research & Development Expense		 15 22 40 41 47 53 66 72 14 18 20
Other Operating Expenses / (Income)		 - - - - - - -208 - - - -196
Total Other Income / (Expense), net		 5.43 -18 -20 -7.92 101 -27 -24 23 -24 -17 26
Other Income / (Expense), net		 0.00 - 1.12 0.37 120 -27 0.00 23 -24 -17 26
Income Tax Expense		 16 21 13 24 27 31 43 55 32 39 40
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - -29 -45 - - - - - - -63
Basic Earnings per Share		 - - $0.72 $2.20 $2.56 $3.05 $3.57 $5.31 $4.19 $5.22 $42.02
Weighted Average Basic Shares Outstanding		 14.73M - 14.73M 14.75M 15.29M 15.29M 15.29M 15.32M 15.30M 15.30M 15.33M
Weighted Average Diluted Shares Outstanding		 14.73M - 14.73M 14.75M 15.29M 15.29M 15.29M 15.32M 15.50M 15.64M 15.33M
Weighted Average Basic & Diluted Shares Outstanding		 14.73M - 14.73M 14.75M 15.29M 15.29M 15.29M 15.32M 15.30M 15.30M 15.31M

Quarterly Income Statements for Formula Systems (1985)

No quarterly income statements for Formula Systems (1985) are available.

Annual Cash Flow Statements for Formula Systems (1985)

This table details how cash moves in and out of Formula Systems (1985)'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 69 -11 72 40 100 133 138 142 114 380 1,154
Net Cash From Operating Activities		 116 129 102 116 196 287 286 327 255 369 1,384
Net Cash From Continuing Operating Activities		 116 129 102 116 203 285 286 327 255 369 1,384
Net Income / (Loss) Continuing Operations		 50 56 39 77 94 114 142 200 166 194 669
Consolidated Net Income / (Loss)		 50 56 39 77 94 114 142 200 166 194 669
Depreciation Expense		 31 32 44 49 87 96 122 115 122 115 153
Amortization Expense		 -0.23 -0.26 0.72 0.19 - - - - - -0.03 0.10
Non-Cash Adjustments To Reconcile Net Income		 39 65 3.48 3.56 20 31 15 15 19 -9.21 406
Changes in Operating Assets and Liabilities, net		 -4.05 -24 15 -14 1.45 44 6.26 -3.42 -51 69 156
Net Cash From Investing Activities		 -34 -87 41 4.03 -108 -177 0.08 0.05 0.07 -50 -27
Net Cash From Continuing Investing Activities		 -34 -87 41 4.03 -66 -178 0.08 0.05 0.07 -50 -27
Purchase of Property, Plant & Equipment		 -17 -19 - - -22 -17 - - - -29 -19
Acquisitions		 -17 -45 - - -52 -141 - - - -6.14 -9.16
Purchase of Investments		 0.00 -26 -0.03 0.03 -4.40 -2.85 - - - -16 0.00
Sale of Property, Plant & Equipment		 0.00 2.35 - - 1.66 0.69 - - - 0.78 1.06
Other Investing Activities, net		 - - - - 8.16 -23 - - - 0.00 -0.17
Net Cash From Financing Activities		 2.14 -51 -71 -79 6.01 9.73 -147 -184 -141 -185 -223
Net Cash From Continuing Financing Activities		 2.14 -51 -71 -79 -109 -133 -147 -184 -141 -185 -248
Repayment of Debt		 -24 -17 - - -141 -143 - - - -167 -213
Payment of Dividends		 -32 -34 -31 -34 -51 -55 -63 -97 -62 -85 -119
Issuance of Debt		 59 0.00 -39 -45 82 60 -84 -88 -83 67 0.00
Issuance of Common Equity		 - - - - - - - - - 0.00 84
Cash Interest Paid		 6.16 6.77 6.45 9.06 - - 15 18 -26 -26 -25
Cash Interest Received		 -1.69 -2.33 0.15 0.68 - - 0.46 2.33 7.29 16 9.00
Cash Income Taxes Paid		 - - - - - - - - - -63 -72

Quarterly Cash Flow Statements for Formula Systems (1985)

No quarterly cash flow statements for Formula Systems (1985) are available.

Annual Balance Sheets for Formula Systems (1985)

This table presents Formula Systems (1985)'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,067 1,355 1,564 1,665 2,089 2,520 2,749 2,794 2,813 3,015 3,583
Total Current Assets		 357 634 695 781 966 1,161 1,302 1,371 1,376 1,487 2,166
Cash & Equivalents		 133 238 246 268 369 502 485 544 452 508 1,280
Accounts Receivable		 209 308 386 441 486 520 696 703 721 803 774
Inventories, net		 4.61 3.95 3.30 3.88 8.64 24 21 35 42 31 30
Other Current Assets		 0.01 46 45 57 96 114 98 89 161 145 81
Plant, Property, & Equipment, net		 14 26 30 29 43 59 57 55 53 52 48
Plant, Property & Equipment, gross		 - - 30 29 43 59 - 55 53 52 48
Total Noncurrent Assets		 695 695 839 854 1,081 1,300 1,390 1,367 1,384 1,471 1,065
Long-Term Investments		 451 24 25 26 26 28 29 21 21 39 49
Goodwill		 162 495 617 641 724 872 933 926 937 975 646
Intangible Assets		 4.92 128 164 150 165 222 242 223 207 217 148
Noncurrent Deferred & Refundable Income Taxes		 13 15 16 14 39 40 46 42 47 34 27
Other Noncurrent Operating Assets		 64 14 17 23 22 23 - - 173 206 196
Total Liabilities & Shareholders' Equity		 1,067 1,355 1,564 1,665 2,089 2,520 2,749 2,794 2,813 3,015 3,583
Total Liabilities		 515 558 779 847 820 1,150 1,091 1,052 1,270 1,429 1,674
Total Current Liabilities		 212 359 433 526 671 780 948 1,001 986 1,138 1,330
Short-Term Debt		 59 3.27 76 127 196 41 224 287 255 281 316
Accounts Payable		 75 80 95 119 125 153 206 222 259 296 368
Accrued Expenses		 - 91 112 115 142 190 208 201 209 235 236
Current Deferred Revenue		 25 38 59 60 - - - - 138 174 158
Other Current Liabilities		 1.19 132 85 95 99 257 162 132 117 143 247
Total Noncurrent Liabilities		 303 272 358 334 522 632 621 616 519 487 475
Long-Term Debt		 161 - 269 254 162 203 157 116 91 63 68
Capital Lease Obligations		 0.49 0.11 - - - - - - 85 120 108
Noncurrent Deferred Revenue		 4.40 4.70 9.34 4.91 - - - - 4.87 13 16
Noncurrent Deferred & Payable Income Tax Liabilities		 67 31 37 35 54 68 78 59 59 43 83
Noncurrent Employee Benefit Liabilities		 - 6.17 9.03 8.88 12 15 13 9.12 10 10 5.55
Other Noncurrent Operating Liabilities		 70 165 29 24 23 221 44 26 35 42 62
Total Equity & Noncontrolling Interests		 542 724 773 805 896 1,109 1,180 1,177 1,308 1,389 1,778
Total Preferred & Common Equity		 452 336 359 368 422 503 541 552 626 679 1,353
Total Common Equity		 452 336 359 368 422 503 541 552 626 679 1,353
Common Stock		 135 4.18 102 102 125 154 157 150 162 157 171
Retained Earnings		 319 234 239 263 285 324 358 419 475 536 1,106
Treasury Stock		 -0.26 -0.26 -0.26 -0.26 -0.26 -0.26 -0.26 -0.26 -0.26 -0.26 -0.26
Accumulated Other Comprehensive Income / (Loss)		 -1.58 -2.38 18 3.13 12 26 26 -17 -11 -13 77
Noncontrolling Interest		 91 387 414 438 475 605 639 625 682 710 425

Quarterly Balance Sheets for Formula Systems (1985)

No quarterly balance sheets for Formula Systems (1985) are available.

Annual Metrics And Ratios for Formula Systems (1985)

This table displays calculated financial ratios and metrics derived from Formula Systems (1985)'s official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 30,626,934.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 30,626,934.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 34.64
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 52.92% 14.53% 21.58% 10.17% 13.94% -3.03% -65.82% 10.39% 3.41% 6.37% 630.42%
EBITDA Growth		 108.14% 38.26% -6.58% 34.34% 117.27% -30.70% 124.95% 24.22% -10.17% 9.68% 331.01%
EBIT Growth		 73.86% 55.16% -21.77% 48.77% 134.87% -44.35% 189.40% 32.99% -13.47% 18.25% 545.42%
NOPAT Growth		 98.12% 48.17% -20.63% 53.43% 47.17% 8.76% 177.71% 23.06% -5.82% 9.54% 620.15%
Net Income Growth		 -46.82% 11.41% -29.70% 96.23% 22.00% 20.76% 24.45% 40.71% -17.00% 16.93% 245.25%
EPS Growth		 -76.21% 0.00% 0.00% 214.71% 14.02% 23.36% 16.28% 48.86% -20.92% 23.54% 0.00%
Operating Cash Flow Growth		 594.80% 11.62% -21.03% 13.20% 69.63% 46.34% -0.45% 13.69% -24.53% 45.12% 274.60%
Free Cash Flow Firm Growth		 371.44% -165.87% -22.97% 109.12% -872.50% 234.14% -124.35% 683.47% -10.96% -21.81% 1,153.62%
Invested Capital Growth		 -64.49% 175.22% 72.19% 6.66% 37.08% -12.10% 40.56% 3.60% 4.58% 0.25% -48.61%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 23.83% 23.22% 21.90% 22.33% 22.69% 27.12% 100.00% 100.00% 100.00% 100.00% 15.95%
EBITDA Margin		 9.41% 11.36% 8.73% 10.64% 20.30% 14.50% 95.45% 107.41% 93.30% 53.44% 36.59%
Operating Margin		 6.26% 8.48% 5.37% 7.34% 8.14% 10.34% 73.78% 81.77% 74.37% 38.73% 31.09%
EBIT Margin		 6.26% 8.48% 5.46% 7.37% 15.19% 8.71% 73.78% 88.89% 74.37% 36.58% 31.90%
Profit (Net Income) Margin		 5.17% 5.03% 2.91% 5.18% 5.55% 6.91% 25.17% 32.08% 25.75% 28.30% 20.55%
Tax Burden Percent		 75.91% 72.94% 74.68% 76.10% 39.40% 79.32% 36.20% 37.44% 36.80% 77.38% 64.41%
Interest Burden Percent		 108.91% 81.38% 71.43% 92.46% 92.78% 100.00% 94.23% 96.40% 94.08% 100.00% 100.00%
Effective Tax Rate		 24.09% 27.52% 25.32% 23.90% 11.35% 21.75% 10.87% 10.36% 10.23% 22.62% 3.90%
Return on Invested Capital (ROIC)		 13.62% 20.52% 8.16% 9.57% 11.51% 11.53% 28.44% 29.42% 26.62% 13.59% 85.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.09% 24.60% 26.40% 2.24% -1.65% -0.98% -115.10% -39.48% -44.40% 6.53% 153.88%
Return on Net Nonoperating Assets (RNNOA)		 -5.36% -11.73% -2.89% 0.23% -0.42% -0.15% -16.04% -12.48% -13.28% 0.78% -43.03%
Return on Equity (ROE)		 8.26% 8.79% 5.27% 9.81% 11.10% 11.37% 12.40% 16.94% 13.34% 14.37% 42.25%
Cash Return on Invested Capital (CROIC)		 108.79% -72.88% -44.89% 3.13% -19.76% 24.40% -5.28% 25.89% 22.15% 13.34% 149.50%
Operating Return on Assets (OROA)		 5.56% 7.81% 5.07% 6.81% 13.76% 6.24% 15.79% 19.96% 17.08% 8.60% 31.49%
Return on Assets (ROA)		 4.59% 4.63% 2.70% 4.79% 5.03% 4.95% 5.39% 7.20% 5.91% 6.65% 20.28%
Return on Common Equity (ROCE)		 5.70% 5.43% 2.45% 4.52% 5.15% 5.25% 5.66% 7.86% 6.32% 6.95% 27.12%
Return on Equity Simple (ROE_SIMPLE)		 11.15% 16.68% 10.98% 21.05% 22.39% 22.66% 26.23% 36.18% 26.48% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 46 69 54 83 123 134 371 456 430 205 973
NOPAT Margin		 4.75% 6.15% 4.01% 5.59% 7.22% 8.09% 65.76% 73.31% 66.76% 29.96% 29.88%
Net Nonoperating Expense Percent (NNEP)		 1.52% -4.08% -18.24% 7.33% 13.17% 12.51% 143.55% 68.90% 71.02% 7.06% -68.60%
Return On Investment Capital (ROIC_SIMPLE)		 6.06% 9.42% 4.86% 7.03% 9.78% 9.87% 23.75% 28.89% 25.98% 11.07% 42.86%
Cost of Revenue to Revenue		 77.71% 76.24% 78.10% 77.67% 77.31% 72.88% 0.00% 0.00% 0.00% 0.00% 64.74%
SG&A Expenses to Revenue		 14.48% 13.27% 13.59% 12.22% 11.81% 13.59% 51.43% 51.08% 50.70% 48.95% 9.58%
R&D to Revenue		 1.55% 2.00% 2.94% 2.76% 2.74% 3.19% 11.68% 11.59% 12.11% 12.32% 0.62%
Operating Expenses to Revenue		 16.04% 15.28% 16.53% 14.98% 14.55% 16.78% 26.22% 18.23% 25.63% 61.27% 4.17%
Earnings before Interest and Taxes (EBIT)		 61 95 74 110 258 144 416 553 479 250 1,039
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 92 127 118 159 345 239 538 669 601 366 1,191
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.75 1.57 1.51 1.32 2.23 2.46 3.37 1.92 1.57 3.94 3.77
Price to Tangible Book Value (P/TBV)		 1.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.12
Price to Revenue (P/Rev)		 0.35 0.47 0.40 0.33 0.55 0.75 3.23 1.70 1.53 3.91 1.57
Price to Earnings (P/E)		 6.70 9.41 7.93 3.97 24.24 11.00 5.20 2.22 2.43 13.82 4.81
Dividend Yield		 3.82% 3.24% 2.22% 2.06% 1.54% 1.85% 1.21% 2.01% 1.94% 2.14% 0.00%
Earnings Yield		 14.93% 10.63% 12.61% 25.16% 4.13% 9.09% 19.21% 45.05% 41.14% 7.24% 20.80%
Enterprise Value to Invested Capital (EV/IC)		 0.36 1.26 1.21 1.11 1.11 1.44 1.53 0.96 0.93 2.19 6.05
Enterprise Value to Revenue (EV/Rev)		 0.07 0.56 0.75 0.67 0.81 0.94 4.13 2.44 2.39 4.83 1.44
Enterprise Value to EBITDA (EV/EBITDA)		 0.69 4.89 8.59 6.30 3.98 6.50 4.32 2.27 2.56 9.03 3.93
Enterprise Value to EBIT (EV/EBIT)		 1.04 6.55 13.75 9.11 5.31 10.83 5.59 2.75 3.22 13.19 4.51
Enterprise Value to NOPAT (EV/NOPAT)		 1.38 9.03 18.70 12.01 11.18 11.65 6.27 3.33 3.58 16.10 4.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.55 4.79 9.96 8.67 7.00 5.42 8.14 4.68 6.28 9.32 3.39
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.17 0.00 0.00 36.72 0.00 5.51 0.00 3.78 4.31 16.40 2.75
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.40 0.00 0.45 0.47 0.40 0.22 0.32 0.34 0.26 0.33 0.28
Long-Term Debt to Equity		 0.29 0.00 0.35 0.32 0.18 0.18 0.13 0.10 0.07 0.13 0.10
Financial Leverage		 -0.44 -0.48 -0.11 0.10 0.25 0.16 0.14 0.32 0.30 0.12 -0.28
Leverage Ratio		 1.80 1.90 1.95 2.05 2.21 2.30 2.30 2.35 2.26 2.16 2.08
Compound Leverage Factor		 1.96 1.54 1.39 1.89 2.05 2.30 2.17 2.27 2.12 2.16 2.08
Debt to Total Capital		 28.55% 0.47% 30.86% 32.14% 28.56% 18.07% 24.43% 25.49% 20.90% 25.01% 21.67%
Short-Term Debt to Total Capital		 7.64% 0.45% 6.77% 10.70% 15.65% 3.06% 14.36% 18.15% 15.41% 15.17% 13.91%
Long-Term Debt to Total Capital		 20.91% 0.01% 24.09% 21.44% 12.92% 15.01% 10.07% 7.34% 5.50% 9.84% 7.76%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 13.03% 53.28% 37.01% 36.89% 37.83% 44.74% 40.92% 39.57% 41.26% 38.32% 18.70%
Common Equity to Total Capital		 58.42% 46.26% 32.13% 30.98% 33.60% 37.19% 34.65% 34.94% 37.84% 36.67% 59.62%
Debt to EBITDA		 2.41 0.03 2.92 2.40 1.04 1.02 0.71 0.60 0.58 1.27 0.41
Net Debt to EBITDA		 -4.09 -2.34 0.50 0.49 -0.12 -1.20 -0.25 -0.24 -0.21 -0.23 -0.70
Long-Term Debt to EBITDA		 1.76 0.00 2.28 1.60 0.47 0.85 0.29 0.17 0.15 0.50 0.15
Debt to NOPAT		 4.77 0.05 6.35 4.57 2.92 1.83 1.03 0.88 0.80 2.26 0.51
Net Debt to NOPAT		 -8.10 -4.33 1.10 0.93 -0.35 -2.15 -0.36 -0.36 -0.30 -0.41 -0.86
Long-Term Debt to NOPAT		 3.50 0.00 4.95 3.05 1.32 1.52 0.42 0.25 0.21 0.89 0.18
Altman Z-Score		 2.08 2.11 1.86 1.86 2.27 1.85 2.04 1.85 1.76 2.01 4.41
Noncontrolling Interest Sharing Ratio		 31.00% 38.26% 53.53% 53.95% 53.62% 53.87% 54.37% 53.63% 52.61% 51.62% 35.82%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.69 1.76 1.60 1.49 1.44 1.49 1.37 1.37 1.40 1.31 1.63
Quick Ratio		 1.67 1.63 1.49 1.37 1.28 1.31 1.25 1.25 1.19 1.15 1.54
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 369 -243 -299 27 -211 283 -69 402 358 201 1,705
Operating Cash Flow to CapEx		 695.97% 780.86% 0.00% 0.00% 946.38% 1,798.11% 0.00% 0.00% 0.00% 1,240.62% 7,863.52%
Free Cash Flow to Firm to Interest Expense		 0.00 -13.83 -10.02 1.72 -9.39 0.00 -2.29 14.75 8.49 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 7.35 3.42 7.29 8.74 0.00 9.52 11.93 5.82 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 6.41 3.42 7.29 7.81 0.00 9.52 11.93 5.82 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.89 0.92 0.93 0.93 0.91 0.72 0.21 0.22 0.23 0.24 0.99
Accounts Receivable Turnover		 4.47 4.31 3.90 3.61 3.67 3.28 0.93 0.89 0.90 0.90 4.13
Inventory Turnover		 220.18 198.49 291.87 322.98 210.11 73.70 0.00 0.00 0.00 0.00 69.14
Fixed Asset Turnover		 56.70 55.28 48.45 50.62 47.10 32.27 9.72 11.13 11.93 13.08 65.50
Accounts Payable Turnover		 10.03 10.97 12.06 10.83 10.78 8.63 0.00 0.00 0.00 0.00 6.34
Days Sales Outstanding (DSO)		 81.73 84.75 93.48 101.12 99.50 111.29 393.64 410.19 403.65 406.28 88.43
Days Inventory Outstanding (DIO)		 1.66 1.84 1.25 1.13 1.74 4.95 0.00 0.00 0.00 0.00 5.28
Days Payable Outstanding (DPO)		 36.40 33.27 30.26 33.70 33.85 42.28 0.00 0.00 0.00 0.00 57.53
Cash Conversion Cycle (CCC)		 46.99 53.31 64.47 68.55 67.38 73.96 393.64 410.19 403.65 406.28 36.18
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 178 490 843 899 1,233 1,084 1,523 1,578 1,650 1,512 774
Invested Capital Turnover		 2.87 3.34 2.03 1.71 1.60 1.42 0.43 0.40 0.40 0.45 2.85
Increase / (Decrease) in Invested Capital		 -323 312 354 56 333 -149 440 55 72 3.75 -733
Enterprise Value (EV)		 64 619 1,017 1,002 1,373 1,556 2,326 1,519 1,540 3,304 4,687
Market Capitalization		 337 528 543 487 941 1,238 1,821 1,057 985 2,678 5,100
Book Value per Share		 $30.68 $22.84 $24.39 $24.96 $28.59 $32.90 $35.37 $36.08 $40.85 $22.18 $88.26
Tangible Book Value per Share		 $19.33 ($19.51) ($28.66) ($28.76) ($31.72) ($38.67) ($41.44) ($39.04) ($33.80) ($16.74) $36.48
Total Capital		 773 727 1,118 1,187 1,255 1,353 1,561 1,579 1,654 1,853 2,270
Total Debt		 221 3.38 345 381 358 245 381 403 346 463 492
Total Long-Term Debt		 162 0.11 269 254 162 203 157 116 91 182 176
Net Debt		 -374 -296 60 77 -43 -287 -134 -163 -127 -84 -837
Capital Expenditures (CapEx)		 17 17 0.00 0.00 21 16 0.00 0.00 0.00 29 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 61 2.21 77 104 115 -80 92 112 193 122 -129
Debt-free Net Working Capital (DFNWC)		 205 278 337 383 490 422 579 657 645 630 1,151
Net Working Capital (NWC)		 146 275 262 256 294 381 355 371 390 349 835
Net Nonoperating Expense (NNE)		 -4.12 12 15 6.03 28 20 229 257 264 11 304
Net Nonoperating Obligations (NNO)		 -374 -234 70 94 337 -25 344 401 342 122 -1,003
Total Depreciation and Amortization (D&A)		 31 32 44 49 87 96 122 115 122 115 153
Debt-free, Cash-free Net Working Capital to Revenue		 6.28% 0.20% 5.71% 6.98% 6.77% -4.88% 16.34% 18.01% 30.00% 17.78% -3.96%
Debt-free Net Working Capital to Revenue		 21.04% 24.93% 24.91% 25.62% 28.83% 25.61% 102.63% 105.58% 100.21% 91.95% 35.36%
Net Working Capital to Revenue		 14.97% 24.64% 19.32% 17.12% 17.29% 23.09% 62.87% 59.52% 60.62% 50.91% 25.66%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $5.24 $0.00 $0.00 $0.00 $2.56 $3.05 $0.00 $0.00 $4.19 $5.22 $42.02
Adjusted Weighted Average Basic Shares Outstanding		 14.73M 0.00 14.73M 14.75M 15.29M 15.29M 0.00 0.00 30.67M 15.33M 15.33M
Adjusted Diluted Earnings per Share		 $5.00 $0.00 $0.68 $0.00 $2.44 $3.01 $0.00 $0.00 $4.12 $5.09 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 14.73M 0.00 14.73M 14.75M 15.29M 15.29M 0.00 0.00 30.67M 15.33M 15.33M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.73M 0.00 14.73M 14.75M 15.29M 15.29M 0.00 0.00 30.67M 15.33M 15.31M
Normalized Net Operating Profit after Tax (NOPAT)		 46 69 54 83 123 134 371 456 430 205 973
Normalized NOPAT Margin		 4.75% 6.15% 4.01% 5.59% 7.22% 8.09% 65.76% 73.31% 66.76% 29.96% 29.88%
Pre Tax Income Margin		 6.82% 6.90% 3.90% 6.81% 14.09% 8.71% 69.53% 85.68% 69.97% 36.58% 31.90%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 5.37 2.48 6.94 11.51 0.00 13.87 20.33 11.36 0.00 0.00
NOPAT to Interest Expense		 0.00 3.89 1.82 5.26 5.47 0.00 12.36 16.77 10.20 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 4.43 2.48 6.94 10.59 0.00 13.87 20.33 11.36 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 2.95 1.82 5.26 4.55 0.00 12.36 16.77 10.20 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 63.51% 60.86% 79.19% 44.06% 53.61% 48.64% 44.39% 48.35% 37.70% 43.92% 17.81%
Augmented Payout Ratio		 63.51% 60.86% 79.19% 44.06% 53.61% 48.64% 44.39% 48.35% 37.70% 43.92% 17.81%

Quarterly Metrics And Ratios for Formula Systems (1985)

No quarterly metrics and ratios for Formula Systems (1985) are available.


Financials Breakdown Chart

Formula Systems (1985) Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Formula Systems (1985)'s fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Formula Systems (1985)'s net income appears to be on an upward trend, with a most recent value of $669.06 million in 2025, rising from $50.35 million in 2015. The previous period was $193.79 million in 2024. See where experts think Formula Systems (1985) is headed by visiting Formula Systems (1985)'s forecast page.

Formula Systems (1985)'s total operating income in 2025 was $1.01 billion, based on the following breakdown:
  • Total Gross Profit: $519.16 million
  • Total Operating Expenses: $135.63 million

Over the last 10 years, Formula Systems (1985)'s total revenue changed from $973.19 million in 2015 to $3.26 billion in 2025, a change of 234.6%.

Formula Systems (1985)'s total liabilities were at $1.67 billion at the end of 2025, a 17.1% increase from 2024, and a 225.2% increase since 2015.

In the past 10 years, Formula Systems (1985)'s cash and equivalents has ranged from $132.60 million in 2015 to $1.28 billion in 2025, and is currently $1.28 billion as of their latest financial filing in 2025.

Over the last 10 years, Formula Systems (1985)'s book value per share changed from 30.68 in 2015 to 88.26 in 2025, a change of 187.7%.


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Financial statements for NASDAQ:FORTY last updated on 5/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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