Formula Systems (1985) Ltd. (TLV:FORTY)
Israel · Delayed Price · Currency is ILS · Price in ILA 43,900
+30 (0.07%)
Aug 25, 2025, 4:45 PM IDT
Formula Systems (1985) Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2016 - 2020 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2016 - 2020 |
| 2,889 | 2,758 | 2,621 | 2,572 | 2,404 | 1,934 | Upgrade | |
Revenue Growth (YoY) | 8.58% | 5.21% | 1.89% | 6.99% | 24.33% | 13.69% | Upgrade |
Cost of Revenue | 2,169 | 2,073 | 1,977 | 1,950 | 1,841 | 1,486 | Upgrade |
Gross Profit | 720.23 | 684.68 | 643.71 | 622.47 | 563.86 | 447.43 | Upgrade |
Selling, General & Admin | 355.62 | 335.15 | 326.38 | 317.96 | 289.99 | 224.19 | Upgrade |
Research & Development | 88.64 | 84.38 | 77.97 | 72.13 | 65.86 | 52.6 | Upgrade |
Operating Expenses | 444.26 | 419.53 | 404.34 | 390.09 | 355.84 | 276.79 | Upgrade |
Operating Income | 275.96 | 265.15 | 239.37 | 232.38 | 208.02 | 170.64 | Upgrade |
Interest Expense | -34.26 | -27.92 | -29.66 | -18.43 | -18.07 | -18.78 | Upgrade |
Interest & Investment Income | 15.92 | 15.92 | 13.8 | 5.82 | 5.99 | 2.56 | Upgrade |
Earnings From Equity Investments | 3.15 | 2.08 | 0.77 | -1.81 | 0.51 | 1.54 | Upgrade |
Other Non Operating Income (Expenses) | -9.79 | -9.79 | -11.7 | -7.7 | -8.39 | -6.93 | Upgrade |
EBT Excluding Unusual Items | 250.99 | 245.44 | 212.58 | 210.26 | 188.06 | 149.03 | Upgrade |
Merger & Restructuring Charges | -0.36 | -0.36 | -0.78 | -1.08 | -3.54 | -3.74 | Upgrade |
Gain (Loss) on Sale of Investments | 5.37 | 5.37 | - | 44.26 | - | - | Upgrade |
Other Unusual Items | - | - | - | 1.47 | - | - | Upgrade |
Pretax Income | 256 | 250.46 | 211.81 | 254.9 | 184.52 | 145.29 | Upgrade |
Income Tax Expense | 59.44 | 56.67 | 46.08 | 55.24 | 42.61 | 31.27 | Upgrade |
Earnings From Continuing Operations | 196.57 | 193.79 | 165.73 | 199.67 | 141.9 | 114.02 | Upgrade |
Minority Interest in Earnings | -118.52 | -114.12 | -101.72 | -118.27 | -87.32 | -67.25 | Upgrade |
Net Income | 78.04 | 79.67 | 64.01 | 81.39 | 54.59 | 46.78 | Upgrade |
Net Income to Common | 78.04 | 79.67 | 64.01 | 81.39 | 54.59 | 46.78 | Upgrade |
Net Income Growth | 15.95% | 24.46% | -21.35% | 49.11% | 16.69% | 20.50% | Upgrade |
Shares Outstanding (Basic) | 15 | 15 | 15 | 15 | 15 | 15 | Upgrade |
Shares Outstanding (Diluted) | 16 | 16 | 15 | 16 | 15 | 15 | Upgrade |
Shares Change (YoY) | 0.95% | 0.90% | -0.03% | 0.64% | 0.73% | -0.32% | Upgrade |
EPS (Basic) | 5.10 | 5.21 | 4.18 | 5.32 | 3.57 | 3.06 | Upgrade |
EPS (Diluted) | 4.97 | 5.09 | 4.12 | 5.21 | 3.50 | 3.01 | Upgrade |
EPS Growth | 15.06% | 23.39% | -20.91% | 48.73% | 16.56% | 23.12% | Upgrade |
Free Cash Flow | - | 308.01 | 278.29 | 217.07 | 191.74 | 271.49 | Upgrade |
Free Cash Flow Per Share | - | 19.70 | 17.96 | 14.00 | 12.45 | 17.75 | Upgrade |
Dividend Per Share | 1.406 | 1.570 | 1.260 | 0.620 | 1.560 | 1.180 | Upgrade |
Dividend Growth | 10.65% | 24.60% | 103.23% | -60.26% | 32.20% | 20.41% | Upgrade |
Gross Margin | 24.93% | 24.83% | 24.56% | 24.20% | 23.45% | 23.14% | Upgrade |
Operating Margin | 9.55% | 9.62% | 9.13% | 9.03% | 8.65% | 8.82% | Upgrade |
Profit Margin | 2.70% | 2.89% | 2.44% | 3.16% | 2.27% | 2.42% | Upgrade |
Free Cash Flow Margin | - | 11.17% | 10.62% | 8.44% | 7.98% | 14.04% | Upgrade |
EBITDA | 320.4 | 310.72 | 287.19 | 347.69 | 287.1 | 231.74 | Upgrade |
EBITDA Margin | 11.09% | 11.27% | 10.96% | 13.52% | 11.94% | 11.98% | Upgrade |
D&A For EBITDA | 44.44 | 45.56 | 47.82 | 115.31 | 79.08 | 61.1 | Upgrade |
EBIT | 275.96 | 265.15 | 239.37 | 232.38 | 208.02 | 170.64 | Upgrade |
EBIT Margin | 9.55% | 9.62% | 9.13% | 9.03% | 8.65% | 8.82% | Upgrade |
Effective Tax Rate | 23.22% | 22.63% | 21.75% | 21.67% | 23.09% | 21.52% | Upgrade |
Revenue as Reported | 2,758 | 2,758 | 2,621 | 2,572 | 2,404 | 1,934 | Upgrade |
Advertising Expenses | - | 16.06 | 16.96 | 19.41 | - | - | Upgrade |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.