Formula Systems 1985 Ltd (FORTY) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed May 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FORTY SEC filings page.
Formula Systems 1985 Ltd (FORTY) reported $2.6B in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 shows a profitable, lightly leveraged business whose cash conversion is weaker than its low reinvestment needs suggest.
The central tension is earnings quality: net income was$669M , while operating cash flow was$382M . Free cash flow was$366M against capex of$16M , so the cash gap is not explained by heavy reinvestment; it points instead to profit items or operating timing that did not become cash during FY2025.
Reported leverage is not the main source of balance-sheet pressure: total liabilities were
Profitability is high relative to the asset base: net margin was
Financial Health Signals
Formula Systems 1985 Ltd does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
For every $1 of reported earnings, Formula Systems 1985 Ltd generates $0.57 in operating cash flow ($382.0M OCF vs $669.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q3 2016.
Cash & Balance Sheet
Formula Systems 1985 Ltd held $132.6M in cash against $58.3M in long-term debt as of Q3 2016.
Not reported for Q3 2016.
Not reported for Q3 2016.
Margins & Returns
None of these metrics is reported for Q3 2016.
Capital Allocation
None of these metrics is reported for Q3 2016.
FORTY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
FORTY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'1610-K | Q3'1510-K | Q3'1410-K | Q3'1310-K | Q3'1210-K | Q3'1110-K |
|---|---|---|---|---|---|---|
| Total Assets | $1.1B-5.2% | $1.1B+29.1% | $871.8M-1.1% | $881.6M+31.4% | $671.1M+7.6% | $623.8M |
| Current Assets | $357.5M-0.3% | $358.5M+7.6% | $333.2M-9.7% | $369.0M+20.2% | $307.0M-7.5% | $331.8M |
| Cash & Equivalents | $132.6M+23.4% | $107.4M+30.8% | $82.1M-26.2% | $111.2M+26.2% | $88.2M-20.2% | $110.5M |
| Short-Term Investments | $11.0M-30.2% | $15.8M-12.1% | $18.0M+20.8% | $14.9M+3.6% | $14.3M-62.4% | $38.2M |
| Inventory | $4.6M+104.1% | $2.3M-6.1% | $2.4M+12.0% | $2.1M-12.3% | $2.5M-56.3% | $5.6M |
| Accounts Receivable | $176.7M-9.5% | $195.3M+0.9% | $193.6M-4.1% | $201.9M+23.7% | $163.2M+5.7% | $154.4M |
| Long-Term Investments | $0-100.0% | $33.7M+6390.0% | $520K+57.1% | $331K-87.9% | $2.7M-2.9% | $2.8M |
| Goodwill | $162.2M-56.5% | $373.2M+64.1% | $227.4M-30.4% | $326.9M+3656.1% | $8.7M-94.8% | $166.5M |
| Total Liabilities | $504.2M-31.4% | $735.4M+85.9% | $395.6M-37.8% | $636.6M+99.6% | $318.9M-25.2% | $426.2M |
| Current Liabilities | $211.8M-6.5% | $226.6M+7.4% | $211.0M-5.8% | $224.0M+22.6% | $182.7M+2.6% | $178.0M |
| Non-Current Liabilities | $302.8M+30.8% | $231.6M+43.7% | $161.1M-3.4% | $166.8M+33.7% | $124.8M+12.1% | $111.4M |
| Long-Term Debt | $58.3M | $0 | $0 | $0-100.0% | $15.2M-52.1% | $31.9M |
| Total Equity | $451.6M+15.9% | $389.7M+22.0% | $319.3M+30.3% | $245.1M+12.1% | $218.7M+10.7% | $197.6M |
| Retained Earnings | $318.7M+27.5% | $250.0M+35.8% | $184.1M+59.0% | $115.8M+26.3% | $91.7M+56.9% | $58.4M |
FORTY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
FORTY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Formula Systems 1985 Ltd FORTY | FY2025 | $2.6B | $669.1M | 25.5% | $1.8B | — |
| ASGN Incorporated ASGN | FY2025 | $4.0B | $113.5M | 2.9% | $833.7M | 49/100 |
| DXC Technology Company DXC | FY2026 | $12.6B | $18.0M | 0.1% | $2.2B | 54/100 |
| GLOBANT S.A. GLOB | FY2025 | $2.5B | $104.0M | 4.2% | $1.7B | 44/100 |
| VNET Group, Inc. VNET | FY2025 | N/A | -$36.0M | N/A | $1.1B | — |
| WNS (Holdings) Limited WNS | FY2025 | $1.3B | $170.1M | 12.9% | $3.3B | 66/100 |
Where Formula Systems 1985 Ltd Ranks
Frequently Asked Questions
What is Formula Systems 1985 Ltd's annual revenue?
Formula Systems 1985 Ltd (FORTY) reported $2.6B in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Formula Systems 1985 Ltd profitable?
Yes, Formula Systems 1985 Ltd (FORTY) reported a net income of $669.1M in fiscal year 2025, with a net profit margin of 25.5%.
How much debt does Formula Systems 1985 Ltd have?
As of fiscal year 2025, Formula Systems 1985 Ltd (FORTY) had $1.3B in cash and equivalents against $107.8M in long-term debt.
What is Formula Systems 1985 Ltd's net profit margin?
Formula Systems 1985 Ltd (FORTY) had a net profit margin of 25.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Formula Systems 1985 Ltd's return on equity (ROE)?
Formula Systems 1985 Ltd (FORTY) has a return on equity of 37.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Formula Systems 1985 Ltd's free cash flow?
Formula Systems 1985 Ltd (FORTY) generated $365.9M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Formula Systems 1985 Ltd's operating cash flow?
Formula Systems 1985 Ltd (FORTY) generated $382.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Formula Systems 1985 Ltd's total assets?
Formula Systems 1985 Ltd (FORTY) had $3.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Formula Systems 1985 Ltd's capital expenditures?
Formula Systems 1985 Ltd (FORTY) invested $16.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Formula Systems 1985 Ltd's current ratio?
Formula Systems 1985 Ltd (FORTY) had a current ratio of 1.63 as of fiscal year 2025, which is generally considered healthy.
What is Formula Systems 1985 Ltd's debt-to-equity ratio?
Formula Systems 1985 Ltd (FORTY) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Formula Systems 1985 Ltd's return on assets (ROA)?
Formula Systems 1985 Ltd (FORTY) had a return on assets of 18.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Formula Systems 1985 Ltd's P/E ratio?
Formula Systems 1985 Ltd (FORTY) trades at 2.6x earnings, its market capitalization divided by net income of $669.1M net income, FY2025. The market capitalization is $1.8B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Formula Systems 1985 Ltd's price-to-sales ratio?
Formula Systems 1985 Ltd (FORTY) trades at 0.7x sales, its market capitalization divided by revenue of $2.6B revenue, FY2025. The market capitalization is $1.8B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Are Formula Systems 1985 Ltd's earnings high quality?
Formula Systems 1985 Ltd (FORTY) has an earnings quality ratio of 0.57x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.