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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

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

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Columns are period end dates

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