Formula Systems (1985) Ltd. (TLV:FORTY)
Israel flag Israel · Delayed Price · Currency is ILS · Price in ILA
32,310
+140 (0.44%)
Apr 1, 2025, 4:47 PM IDT

Formula Systems (1985) Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 2019 - 2015
Period Ending
Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2019 - 2015
Revenue
2,7582,6212,5722,4041,934
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Revenue Growth (YoY)
5.21%1.89%6.99%24.33%13.69%
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Cost of Revenue
2,0731,9771,9501,8411,486
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Gross Profit
684.03643.71622.47563.86447.43
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Selling, General & Admin
335.15326.38317.96289.99224.19
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Research & Development
83.7377.9772.1365.8652.6
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Other Operating Expenses
-5.37----
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Operating Expenses
413.51404.34390.09355.84276.79
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Operating Income
270.52239.37232.38208.02170.64
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Interest Expense
-22.14-29.66-18.43-18.07-18.78
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Interest & Investment Income
-13.85.825.992.56
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Earnings From Equity Investments
2.080.77-1.810.511.54
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Other Non Operating Income (Expenses)
--11.7-7.7-8.39-6.93
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EBT Excluding Unusual Items
250.46212.58210.26188.06149.03
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Merger & Restructuring Charges
--0.78-1.08-3.54-3.74
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Gain (Loss) on Sale of Assets
--44.26--
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Other Unusual Items
--1.47--
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Pretax Income
250.46211.81254.9184.52145.29
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Income Tax Expense
56.6746.0855.2442.6131.27
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Earnings From Continuing Operations
193.79165.73199.67141.9114.02
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Minority Interest in Earnings
-114.12-101.72-118.27-87.32-67.25
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Net Income
79.6764.0181.3954.5946.78
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Net Income to Common
79.6764.0181.3954.5946.78
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Net Income Growth
24.46%-21.35%49.11%16.69%20.50%
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Shares Outstanding (Basic)
1515151515
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Shares Outstanding (Diluted)
1615161515
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Shares Change (YoY)
0.90%-0.03%0.64%0.73%-0.32%
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EPS (Basic)
5.214.185.323.573.06
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EPS (Diluted)
5.094.125.213.503.01
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EPS Growth
23.49%-20.91%48.73%16.56%23.12%
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Free Cash Flow
-278.29217.07191.74271.49
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Free Cash Flow Per Share
-17.9614.0012.4517.75
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Dividend Per Share
1.5701.2600.6201.5601.180
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Dividend Growth
24.60%103.23%-60.26%32.20%20.41%
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Gross Margin
24.81%24.56%24.20%23.45%23.14%
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Operating Margin
9.81%9.13%9.03%8.65%8.82%
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Profit Margin
2.89%2.44%3.16%2.27%2.42%
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Free Cash Flow Margin
-10.62%8.44%7.98%14.04%
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EBITDA
318.34287.19278.79287.1231.74
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EBITDA Margin
11.54%10.96%10.84%11.94%11.98%
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D&A For EBITDA
47.8247.8246.4179.0861.1
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EBIT
270.52239.37232.38208.02170.64
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EBIT Margin
9.81%9.13%9.03%8.65%8.82%
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Effective Tax Rate
22.63%21.75%21.67%23.09%21.52%
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Revenue as Reported
-2,6212,5722,4041,934
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Source: S&P Global Market Intelligence. Standard template. Financial Sources.