Complete financial analysis of Formula Systems (1985) Ltd. (FORTY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Formula Systems (1985) Ltd., a leading company in the Information Technology Services industry within the Technology sector.
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Formula Systems (1985) Ltd. (FORTY)
About Formula Systems (1985) Ltd.
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; and database and big data services. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and system, data management, and software development tools; and professional training courses and advanced professional studies. In addition, it markets and sells computers and peripheral equipment to business customers; offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Tia Enterprise; life, pension, and annuities platforms, including Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO; and Sapiens platform for workers' compensation solutions. Further, the company provides financial and compliance solutions that include Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro; Sapiens DECISION, a decision management platform; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. Formula Systems (1985) Ltd. was incorporated in 1985 and is headquartered in Or Yehuda, Israel.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.62B | 2.57B | 2.41B | 1.93B | 1.70B | 1.49B | 1.36B | 1.11B | 798.80M | 636.42M | 796.67M | 744.73M | 640.62M | 549.69M | 469.39M | 590.81M | 493.35M | 492.74M | 506.37M | 456.61M | 366.83M | 283.31M | 376.92M | 405.74M | 335.49M | 258.80M |
| Cost of Revenue | 1.98B | 1.95B | 1.84B | 1.49B | 1.32B | 1.16B | 1.06B | 849.84M | 630.15M | 530.08M | 603.08M | 564.80M | 492.89M | 412.46M | 352.28M | 452.26M | 369.11M | 340.05M | 333.54M | 284.96M | 230.50M | 186.91M | 253.59M | 244.52M | 178.98M | 155.00M |
| Gross Profit | 643.71M | 622.47M | 563.86M | 447.43M | 386.05M | 333.31M | 296.82M | 258.78M | 168.65M | 106.33M | 193.59M | 179.93M | 147.73M | 137.23M | 117.11M | 138.54M | 124.24M | 152.69M | 172.84M | 171.65M | 136.33M | 96.40M | 123.33M | 161.21M | 156.52M | 103.80M |
| Gross Profit Ratio | 24.56% | 24.20% | 23.44% | 23.14% | 22.69% | 22.33% | 21.90% | 23.34% | 21.11% | 16.71% | 24.30% | 24.16% | 23.06% | 24.96% | 24.95% | 23.45% | 25.18% | 30.99% | 34.13% | 37.59% | 37.16% | 34.03% | 32.72% | 39.73% | 46.65% | 40.11% |
| Research & Development | 77.97M | 72.13M | 65.86M | 52.60M | 46.69M | 41.22M | 39.85M | 22.33M | 10.24M | 787.00K | 14.17M | 12.35M | 5.15M | 5.50M | 4.43M | 6.56M | 6.55M | 16.39M | 22.43M | 25.04M | 17.37M | 15.97M | 21.09M | 18.15M | 12.94M | 8.40M |
| General & Administrative | 309.42M | 225.82M | 211.18M | 0.00 | 0.00 | 182.47M | 184.42M | 94.72M | 39.86M | 110.76M | 117.88M | 110.76M | 93.34M | 84.51M | 77.32M | 0.00 | 0.00 | 0.00 | 0.00 | 128.54M | 107.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 16.96M | 19.41M | 15.60M | 0.00 | 0.00 | 0.00 | -817.00K | 53.23M | 23.06M | -40.24M | 14.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 326.38M | 317.96M | 289.99M | 224.19M | 200.87M | 182.47M | 183.61M | 147.95M | 103.90M | 70.52M | 117.89M | 110.76M | 93.34M | 84.51M | 77.32M | 98.61M | 90.46M | 113.66M | 133.05M | 128.54M | 107.10M | 85.29M | 129.80M | 127.82M | 92.77M | 57.90M |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -308.00K | 14.84M | -2.75M | -11.57M | 14.00K | -152.00K | -207.00K | 231.00K | -1.97M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.49M | 12.00M |
| Operating Expenses | 404.34M | 390.09M | 355.84M | 276.79M | 247.56M | 223.70M | 223.15M | 170.28M | 114.14M | 71.30M | 132.06M | 122.93M | 98.49M | 90.24M | 81.75M | 105.17M | 97.01M | 130.05M | 155.48M | 153.57M | 124.47M | 101.26M | 150.89M | 145.97M | 124.21M | 78.30M |
| Cost & Expenses | 2.38B | 2.34B | 2.20B | 1.76B | 1.56B | 1.38B | 1.28B | 1.02B | 744.28M | 601.38M | 735.14M | 687.74M | 591.37M | 502.71M | 434.04M | 557.43M | 466.12M | 470.10M | 489.01M | 438.53M | 354.97M | 288.17M | 404.48M | 390.49M | 303.18M | 233.30M |
| Interest Income | 13.80M | 5.82M | 2.65M | 2.56M | 3.04M | 6.73M | 8.61M | 5.14M | 0.00 | 0.00 | 983.00K | 6.93M | 1.03M | 1.06M | 4.16M | 8.97M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 38.37M | 19.93M | 24.01M | 26.89M | 18.65M | 8.26M | 22.86M | 11.59M | 2.37M | 5.77M | 6.24M | 0.00 | 6.62M | 7.56M | 8.57M | 13.50M | 3.81M | 15.33M | 23.12M | 14.04M | 3.68M | 0.00 | 0.00 | 0.00 | 0.00 | 4.90M |
| Depreciation & Amortization | 121.83M | 115.31M | 122.18M | 95.51M | 86.93M | 48.73M | 43.65M | 32.37M | 17.56M | 8.96M | 24.35M | 25.65M | 14.36M | 17.18M | 14.61M | 13.08M | 15.81M | 44.95M | 25.26M | 20.79M | 19.00M | 13.34M | 68.38M | -50.40M | 18.49M | 12.00M |
| EBITDA | 371.23M | 396.96M | 332.65M | 264.97M | 228.15M | 158.35M | 117.80M | 88.50M | 104.62M | 47.79M | 87.06M | 82.20M | 63.93M | 65.62M | 59.97M | 53.03M | 43.04M | 67.58M | 37.44M | 52.37M | 11.86M | 8.48M | -13.18M | -37.62M | 50.80M | 37.50M |
| EBITDA Ratio | 14.16% | 9.03% | 8.65% | 8.82% | 8.14% | 7.34% | 5.44% | 7.98% | 6.82% | 5.51% | 7.72% | 7.65% | 7.65% | 11.87% | 7.18% | 9.34% | 8.46% | 13.62% | 7.86% | 6.40% | 7.69% | 2.73% | 27.33% | -9.27% | -0.26% | 9.00% |
| Operating Income | 239.37M | 276.64M | 85.83M | 75.13M | 51.56M | 109.62M | 73.67M | 88.50M | 54.51M | 35.04M | 61.54M | 57.00M | 49.24M | 46.99M | 35.36M | 33.37M | 27.24M | 19.48M | 15.90M | 18.08M | 11.86M | -6.69M | -38.43M | 12.78M | 32.31M | 25.50M |
| Operating Income Ratio | 9.13% | 10.75% | 3.57% | 3.89% | 3.03% | 7.34% | 5.44% | 7.98% | 6.82% | 5.51% | 7.72% | 7.65% | 7.69% | 8.55% | 7.53% | 5.65% | 5.52% | 3.95% | 3.14% | 3.96% | 3.23% | -2.36% | -10.20% | 3.15% | 9.63% | 9.85% |
| Total Other Income/Expenses | -28.33M | -19.93M | -24.01M | -26.89M | -18.65M | -8.29M | -20.00M | -11.59M | -9.53M | -4.87M | -5.44M | -2.93M | -6.50M | -4.37M | 1.44M | -7.75M | -2.52M | -11.43M | -146.00K | -343.00K | -1.01M | 6.17M | -52.13M | 41.46M | 33.26M | 5.60M |
| Income Before Tax | 211.03M | 256.71M | 184.01M | 143.76M | 119.84M | 101.36M | 50.81M | 76.91M | 46.66M | 30.17M | 55.30M | 50.32M | 42.95M | 42.62M | 36.79M | 26.45M | 24.71M | 14.32M | 9.98M | 17.73M | 10.85M | -513.00K | -52.02M | 54.24M | 65.58M | 31.10M |
| Income Before Tax Ratio | 8.05% | 9.98% | 7.65% | 7.43% | 7.04% | 6.79% | 3.75% | 6.94% | 5.84% | 4.74% | 6.94% | 6.76% | 6.70% | 7.75% | 7.84% | 4.48% | 5.01% | 2.91% | 1.97% | 3.88% | 2.96% | -0.18% | -13.80% | 13.37% | 19.55% | 12.02% |
| Income Tax Expense | 46.08M | 55.24M | 42.61M | 31.27M | 27.20M | 24.34M | 13.37M | 21.16M | 11.87M | 10.07M | 8.93M | 6.58M | 5.69M | 6.54M | 8.31M | 3.54M | 1.93M | 3.50M | 5.20M | 4.63M | 2.54M | 2.01M | 4.06M | 14.22M | 19.39M | 4.50M |
| Net Income | 64.01M | 201.48M | 141.40M | 112.49M | 92.64M | 32.21M | 11.18M | 22.45M | 19.32M | 75.06M | 76.89M | 24.03M | 42.96M | 18.38M | 19.08M | 11.87M | 37.26M | 10.02M | 183.00K | 8.10M | 3.12M | -2.41M | -56.08M | 40.02M | 46.19M | 26.60M |
| Net Income Ratio | 2.44% | 7.83% | 5.88% | 5.82% | 5.45% | 2.16% | 0.83% | 2.02% | 2.42% | 11.79% | 9.65% | 3.23% | 6.71% | 3.34% | 4.06% | 2.01% | 7.55% | 2.03% | 0.04% | 1.77% | 0.85% | -0.85% | -14.88% | 9.86% | 13.77% | 10.28% |
| EPS | 4.17 | 13.17 | 9.25 | 7.36 | 6.10 | 2.13 | 0.78 | 1.58 | 1.38 | 5.38 | 5.57 | 1.78 | 3.17 | 1.37 | 1.44 | 0.88 | 2.82 | 0.80 | 0.01 | 0.73 | 0.29 | -0.24 | -6.01 | 4.27 | 4.93 | 3.12 |
| EPS Diluted | 4.12 | 13.00 | 9.18 | 7.36 | 6.04 | 2.07 | 0.74 | 1.49 | 1.31 | 5.19 | 5.38 | 1.72 | 3.11 | 1.36 | 1.40 | 0.88 | 2.79 | 0.73 | 0.01 | 0.65 | 0.24 | -0.24 | -6.01 | 4.27 | 4.93 | 3.12 |
| Weighted Avg Shares Out | 15.30M | 15.30M | 15.29M | 15.29M | 15.19M | 15.10M | 14.36M | 14.21M | 14.07M | 13.93M | 13.79M | 13.60M | 13.51M | 13.38M | 13.20M | 13.20M | 13.20M | 13.20M | 12.80M | 10.80M | 10.04M | 10.17M | 9.33M | 9.32M | 9.38M | 8.53M |
| Weighted Avg Shares Out (Dil) | 15.50M | 15.50M | 15.40M | 15.29M | 15.34M | 15.57M | 14.72M | 15.53M | 14.74M | 14.41M | 14.19M | 13.79M | 13.67M | 13.52M | 13.56M | 13.20M | 13.20M | 13.30M | 12.80M | 10.80M | 10.29M | 10.17M | 9.33M | 9.32M | 9.38M | 8.53M |
Formula Systems Reports Financial Results for the Third Quarter and First Nine Months Period Ended September 30, 2024
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Formula Systems Reports Second Quarter and First Half 2024 Financial Results
Publication of Draft Agreement with Trustee for Potential New Israeli Debenture Series
Formula Systems Reports First Quarter 2024 Financial Results
Formula Systems Announces Filing of 2023 Annual Report
Formula Systems Reports Fourth Quarter and Full Year 2023 Financial Results
Formula Systems Reports Third Quarter and Nine Months 2023 Financial Results:
Formula Systems Reports Second Quarter and First Half 2023 Financial Results
Formula Systems Clocks 35% Revenue Growth In Q2
Source: https://incomestatements.info
Category: Stock Reports