Formula Systems (1985) Ltd. (TLV:FORTY)
Israel · Delayed Price · Currency is ILS · Price in ILA 38,440
+470 (1.24%)
Jun 3, 2026, 5:27 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 2,746 | 2,627 | 2,758 | 2,621 | 2,572 | 2,404 | |
Revenue Growth (YoY) | -2.21% | -4.73% | 5.21% | 1.89% | 6.99% | 24.33% |
Cost of Revenue | 2,201 | 2,108 | 2,073 | 1,977 | 1,950 | 1,841 |
Gross Profit | 544.97 | 519.16 | 684.68 | 643.71 | 622.47 | 563.86 |
Selling, General & Admin | 321.74 | 311.99 | 335.15 | 326.38 | 317.96 | 289.99 |
Research & Development | 20.38 | 20.02 | 84.38 | 77.97 | 72.13 | 65.86 |
Other Operating Expenses | -26.01 | -9.23 | - | - | - | - |
Operating Expenses | 316.11 | 322.79 | 419.53 | 404.34 | 390.09 | 355.84 |
Operating Income | 228.86 | 196.38 | 265.15 | 239.37 | 232.38 | 208.02 |
Interest Expense | -47.66 | -49.99 | -27.92 | -29.66 | -18.43 | -18.07 |
Interest & Investment Income | - | - | 15.92 | 13.8 | 5.82 | 5.99 |
Earnings From Equity Investments | 3.12 | 3.65 | 2.08 | 0.77 | -1.81 | 0.51 |
Other Non Operating Income (Expenses) | - | - | -9.79 | -11.7 | -7.7 | -8.39 |
EBT Excluding Unusual Items | 184.32 | 150.04 | 245.44 | 212.58 | 210.26 | 188.06 |
Merger & Restructuring Charges | - | - | -0.36 | -0.78 | -1.08 | -3.54 |
Gain (Loss) on Sale of Investments | - | - | 5.37 | - | 44.26 | - |
Other Unusual Items | - | - | - | - | 1.47 | - |
Pretax Income | 184.32 | 150.04 | 250.46 | 211.81 | 254.9 | 184.52 |
Income Tax Expense | 44.87 | 40.46 | 56.67 | 46.08 | 55.24 | 42.61 |
Earnings From Continuing Operations | 139.45 | 109.58 | 193.79 | 165.73 | 199.67 | 141.9 |
Earnings From Discontinued Operations | 560.26 | 567.83 | - | - | - | - |
Net Income to Company | 699.71 | 677.41 | 193.79 | 165.73 | 199.67 | 141.9 |
Minority Interest in Earnings | -76.91 | -70.93 | -114.12 | -101.72 | -118.27 | -87.32 |
Net Income | 622.8 | 606.48 | 79.67 | 64.01 | 81.39 | 54.59 |
Net Income to Common | 622.8 | 606.48 | 79.67 | 64.01 | 81.39 | 54.59 |
Net Income Growth | 681.48% | 661.24% | 24.46% | -21.35% | 49.11% | 16.69% |
Shares Outstanding (Basic) | 15 | 15 | 15 | 15 | 15 | 15 |
Shares Outstanding (Diluted) | 16 | 16 | 16 | 15 | 16 | 15 |
Shares Change (YoY) | 0.86% | 0.96% | 0.90% | -0.03% | 0.64% | 0.73% |
EPS (Basic) | 40.68 | 39.62 | 5.21 | 4.18 | 5.32 | 3.57 |
EPS (Diluted) | 39.35 | 38.39 | 5.09 | 4.12 | 5.21 | 3.50 |
EPS Growth | 674.05% | 654.84% | 23.39% | -20.91% | 48.73% | 16.56% |
Free Cash Flow | - | - | 308.01 | 278.29 | 217.07 | 191.74 |
Free Cash Flow Per Share | - | - | 19.70 | 17.96 | 14.00 | 12.45 |
Dividend Per Share | - | - | 1.570 | 1.260 | 0.620 | 1.560 |
Dividend Growth | - | - | 24.60% | 103.23% | -60.26% | 32.20% |
Gross Margin | 19.85% | 19.76% | 24.83% | 24.56% | 24.20% | 23.45% |
Operating Margin | 8.33% | 7.47% | 9.62% | 9.13% | 9.03% | 8.65% |
Profit Margin | 22.68% | 23.09% | 2.89% | 2.44% | 3.16% | 2.27% |
Free Cash Flow Margin | - | - | 11.17% | 10.62% | 8.44% | 7.98% |
EBITDA | - | 241.94 | 310.72 | 287.19 | 347.69 | 287.1 |
EBITDA Margin | - | 9.21% | 11.27% | 10.96% | 13.52% | 11.94% |
D&A For EBITDA | - | 45.56 | 45.56 | 47.82 | 115.31 | 79.08 |
EBIT | 228.86 | 196.38 | 265.15 | 239.37 | 232.38 | 208.02 |
EBIT Margin | 8.33% | 7.47% | 9.62% | 9.13% | 9.03% | 8.65% |
Effective Tax Rate | 24.34% | 26.96% | 22.63% | 21.75% | 21.67% | 23.09% |
Revenue as Reported | - | - | 2,758 | 2,621 | 2,572 | 2,404 |
Advertising Expenses | - | - | 16.06 | 16.96 | 19.41 | - |