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Formula Systems (1985) Ltd.

FORTY Technology Information Technology Services

Formula Systems (1985) Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $2.6 billion, up 18.4% from fiscal 2024. In the quarter to June 2026, revenue grew 29.8%, EPS grew 55.1%, free cash flow grew 1,330.8% and total debt rose 1.98%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

112.11 2.48 −2.16%

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Market cap: $1.8B
P/E: 2.7×
Fwd P/E: 13.9×
Dividend yield: 0.46%
F-score: 6/9
Altman Z: 2.48
Beneish M: −2.92
Dividend safety: 77/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	29.97	4.22	2.71	2.47
P/S ratio Full definition →		0.97	0.97	0.62	0.53
P/FCF ratio Full definition →		6.75	3.86	2.55	2.36
P/Operating CF Full definition →		6.62	6.69	4.42	4.09
P/B ratio Full definition →		1.55	1.44	0.95	0.88
Price to Tangible BV Full definition →		4.96	2.60	1.76	1.72
EV/Sales Full definition →		1.00	0.65	0.38	0.41
EV/EBITDA Full definition →		13.64	8.75	4.54	4.84
EV/Operating CF Full definition →		4.94	2.18	1.32	1.53
EV/FCF Full definition →		6.92	2.59	1.57	1.83
Quick Ratio Full definition →		1.01	1.61	1.66	1.44
Current Ratio Full definition →		1.60	1.63	1.68	1.48
Net Debt/EBITDA Full definition →		0.97	(20.17)	(7.94)	(4.93)
Debt/Assets Full definition →		14.57%	12.32%	14.63%	14.59%
Debt/Equity Full definition →		0.31	0.25	0.29	0.31
Asset Turnover Full definition →		0.71	0.80	0.82	0.87
Operating CF/Net income Full definition →		0.00	0.69	0.00	0.00
Capex/Depreciation Full definition →		—	(0.18)	—	—
Interest Coverage Full definition →		6.16	1.12	19.67	12.73
Research and Development Expense of Revenue Full definition →		0.71%	0.75%	0.70%	0.74%
Selling, General and Administrative Expense of Revenue Full definition →		10.94%	14.46%	10.25%	10.34%
Intangible Assets out of Total Assets Full definition →		0.29	0.22	0.23	0.25
Share Based Compensation of Revenue Full definition →		0.00%	4.40%	0.00%	0.00%
Graham Net Nets Full definition →		0.14	0.14	0.21	0.08
Graham Number Full definition →		0.00	321.75	0.00	0.00
Earnings Yield Full definition →		3.34%	23.72%	36.90%	40.42%
Free Cash Flow Yield Full definition →		14.81%	25.91%	39.23%	42.40%
Revenue per Share Full definition →		45.51	46.27	48.20	51.08
Operating CF per Share Full definition →		0.00	24.96	0.00	0.00
Capex per Share Full definition →		0.00	(1.82)	0.00	0.00
Free Cash Flow per Share Full definition →		0.00	23.13	0.00	0.00
Cash per Share Full definition →		28.22	83.64	77.23	56.44
Shareholders Equity per Share Full definition →		103.04	116.13	119.09	108.11
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		103.04	116.13	119.09	108.11
Free Cash Flow Full definition →		—	354.15	—	—
Working Capital Full definition →		770.57	835.49	882.59	634.43
Capital Expenditures Full definition →		—	(27.89)	—	—
Net Current Asset Value Full definition →		310.96	360.36	360.38	117.91
EV/EBIT Full definition →		13.64	8.75	4.54	4.84
Capex to Sales Full definition →		0.00	0.04	0.00	0.00
Price to Operating Income Full definition →		13.32	13.02	7.38	6.26
Other line items
Average Receivables Full definition →		854.13	874.10	941.63	1,022.17
Average Payables Full definition →		325.90	479.20	418.94	417.50
Average Inventory Full definition →		26.65	30.49	32.04	49.94
Average Assets Full definition →		3,088.87	3,299.08	3,341.82	3,351.32
Average Common Equity Full definition →		—	1,175.50	—	—

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Columns are period end dates

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