Formula Systems (1985) Ltd. share price today
Formula Systems (1985) Ltd. · FORTY · Technology · Information Technology Services · price as of the 2 November 2026 close, updated every trading day · results updated weekly · All US stock lists
Formula Systems (1985) Ltd. share price: $119.21 at the close on 2 November 2026, −14.9% in a year.
Formula Systems (1985) Ltd.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.
The main question: yearly earnings per share moved +655.0% while the share price moved −14.9%.
The price has been between phases. Over the last four quarters, results have been mixed, and 104% of the last 3 years' profit came in as cash. What will decide it: whether the price catches up with earnings that have already grown.
What is the Formula Systems (1985) Ltd. share price today?
Formula Systems (1985) Ltd.'s share price was $119.21 at the close on 2 November 2026. In the last 52 weeks it traded between $107 and $191, and at that close it sat 15% of the way up from that low.
A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.
Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 2 weeks in a row.
Nov 2026: $119.21.
- Price $119.21
- 50-day avg $113.54
| Week | Price | 50-day avg |
|---|---|---|
| 16 Jul 2025 | $127.89 | – |
| 25 Jul 2025 | $127.00 | – |
| 1 Aug 2025 | $115.55 | – |
| 7 Aug 2025 | $108.27 | – |
| 14 Aug 2025 | $123.00 | – |
| 22 Aug 2025 | $128.71 | – |
| 28 Aug 2025 | $129.13 | – |
| 5 Sep 2025 | $136.79 | – |
| 12 Sep 2025 | $149.09 | – |
| 19 Sep 2025 | $138.42 | – |
| 24 Sep 2025 | $135.01 | – |
| 2 Oct 2025 | $134.91 | – |
| 10 Oct 2025 | $146.82 | – |
| 15 Oct 2025 | $143.49 | – |
| 20 Oct 2025 | $141.75 | – |
| 31 Oct 2025 | $140.00 | $132.56 |
| 4 Nov 2025 | $147.25 | $133.03 |
| 12 Nov 2025 | $158.50 | $134.01 |
| 21 Nov 2025 | $149.75 | $135.10 |
| 3 Dec 2025 | $168.90 | $136.93 |
| 10 Dec 2025 | $174.69 | $138.12 |
| 19 Dec 2025 | $178.10 | $140.87 |
| 24 Dec 2025 | $190.56 | $142.52 |
| 29 Dec 2025 | $167.02 | $143.48 |
| 9 Jan 2026 | $170.00 | $145.43 |
| 15 Jan 2026 | $170.01 | $146.37 |
| 21 Jan 2026 | $163.27 | $147.13 |
| 27 Jan 2026 | $165.68 | $148.59 |
| 4 Feb 2026 | $132.38 | $148.66 |
| 12 Feb 2026 | $118.65 | $148.53 |
| 20 Feb 2026 | $120.70 | $148.20 |
| 27 Feb 2026 | $115.83 | $146.91 |
| 4 Mar 2026 | $128.20 | $145.93 |
| 11 Mar 2026 | $126.00 | $145.72 |
| 20 Mar 2026 | $130.50 | $145.24 |
| 26 Mar 2026 | $124.95 | $144.47 |
| 1 Apr 2026 | $124.83 | $143.08 |
| 10 Apr 2026 | $121.31 | $142.31 |
| 17 Apr 2026 | $135.70 | $140.55 |
| 24 Apr 2026 | $141.00 | $140.09 |
| 28 Apr 2026 | $132.48 | $139.72 |
| 8 May 2026 | $147.40 | $139.12 |
| 14 May 2026 | $141.44 | $138.53 |
| 22 May 2026 | $139.05 | $137.33 |
| 28 May 2026 | $132.54 | $134.16 |
| 5 Jun 2026 | $126.00 | $132.04 |
| 10 Jun 2026 | $117.50 | $129.45 |
| 18 Jun 2026 | $112.90 | $127.85 |
| 23 Jun 2026 | $106.50 | $127.34 |
| 1 Jul 2026 | $107.00 | $126.56 |
| 8 Jul 2026 | $111.03 | $125.99 |
| 16 Jul 2026 | $108.00 | $125.25 |
| 24 Jul 2026 | $114.00 | $124.01 |
| 31 Jul 2026 | $108.02 | $123.04 |
| 7 Aug 2026 | $108.75 | $122.29 |
| 13 Aug 2026 | $109.25 | $120.89 |
| 18 Aug 2026 | $116.21 | $120.04 |
| 27 Aug 2026 | $125.72 | $118.80 |
| 3 Sep 2026 | $129.00 | $118.73 |
| 11 Sep 2026 | $122.61 | $118.34 |
| 16 Sep 2026 | $119.20 | $116.95 |
| 25 Sep 2026 | $114.99 | $115.81 |
| 1 Oct 2026 | $113.50 | $115.30 |
| 5 Oct 2026 | $118.14 | $115.00 |
| 14 Oct 2026 | $114.59 | $114.30 |
| 23 Oct 2026 | $117.00 | $113.12 |
| 29 Oct 2026 | $122.00 | $113.54 |
| 2 Nov 2026 | $119.21 | $113.54 |
Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Ahead in 27 of 55 weeks
| Week | 13-week return vs S&P 500 |
|---|---|
| 16 Jul 2025 | no S&P 500 reading |
| 25 Jul 2025 | no S&P 500 reading |
| 1 Aug 2025 | no S&P 500 reading |
| 7 Aug 2025 | no S&P 500 reading |
| 14 Aug 2025 | no S&P 500 reading |
| 22 Aug 2025 | no S&P 500 reading |
| 28 Aug 2025 | no S&P 500 reading |
| 5 Sep 2025 | no S&P 500 reading |
| 12 Sep 2025 | no S&P 500 reading |
| 19 Sep 2025 | no S&P 500 reading |
| 24 Sep 2025 | no S&P 500 reading |
| 2 Oct 2025 | no S&P 500 reading |
| 10 Oct 2025 | no S&P 500 reading |
| 15 Oct 2025 | +6.3% |
| 20 Oct 2025 | +7.3% |
| 31 Oct 2025 | +11.5% |
| 4 Nov 2025 | +30.7% |
| 12 Nov 2025 | +24.4% |
| 21 Nov 2025 | +14.2% |
| 3 Dec 2025 | +24.5% |
| 10 Dec 2025 | +22.4% |
| 19 Dec 2025 | +15.9% |
| 24 Dec 2025 | +33.7% |
| 29 Dec 2025 | +19.4% |
| 9 Jan 2026 | +22.3% |
| 15 Jan 2026 | +9.9% |
| 21 Jan 2026 | +10.0% |
| 27 Jan 2026 | +12.7% |
| 4 Feb 2026 | −6.7% |
| 12 Feb 2026 | −21.0% |
| 20 Feb 2026 | −26.5% |
| 27 Feb 2026 | −26.7% |
| 4 Mar 2026 | −22.2% |
| 11 Mar 2026 | −25.0% |
| 20 Mar 2026 | −22.0% |
| 26 Mar 2026 | −26.3% |
| 1 Apr 2026 | −20.3% |
| 10 Apr 2026 | −26.5% |
| 17 Apr 2026 | −22.9% |
| 24 Apr 2026 | −17.2% |
| 28 Apr 2026 | −24.2% |
| 8 May 2026 | +4.5% |
| 14 May 2026 | +10.8% |
| 22 May 2026 | +7.0% |
| 28 May 2026 | +4.2% |
| 5 Jun 2026 | −11.4% |
| 10 Jun 2026 | −18.7% |
| 18 Jun 2026 | −28.6% |
| 23 Jun 2026 | −29.7% |
| 1 Jul 2026 | −27.8% |
| 8 Jul 2026 | −19.6% |
| 16 Jul 2026 | −25.1% |
| 24 Jul 2026 | −22.6% |
| 31 Jul 2026 | −22.1% |
| 7 Aug 2026 | −31.1% |
| 13 Aug 2026 | −27.8% |
| 18 Aug 2026 | −19.1% |
| 27 Aug 2026 | −6.8% |
| 3 Sep 2026 | −2.0% |
| 11 Sep 2026 | +1.3% |
| 16 Sep 2026 | +3.6% |
| 25 Sep 2026 | +2.2% |
| 1 Oct 2026 | +2.7% |
| 5 Oct 2026 | +4.5% |
| 14 Oct 2026 | +3.4% |
| 23 Oct 2026 | −0.2% |
| 29 Oct 2026 | +11.8% |
| 2 Nov 2026 | +10.5% |
Over the last 1 year the share price moved −7% while the S&P 500 moved +22%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.
This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.
What dividend does Formula Systems (1985) Ltd. pay?
Formula Systems (1985) Ltd. paid $2.68 per share over the last four reported quarters. The most recent declaration was $1.63 for Jun 2026. At today's price of $119.21 that is a yield of 2.25%, based on dividends already paid, not a forecast.
A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.
Dividend per share each quarter: latest $1.63 (Jun 2026)
- Dividend per share $1.63
| Quarter | Dividend per share |
|---|---|
| Jun 2023 | $0.31 |
| Dec 2023 | $0.66 |
| Jun 2024 | $0.63 |
| Jun 2025 | $0.50 |
| Sep 2025 | $0.50 |
| Dec 2025 | $0.06 |
| Jun 2026 | $1.63 |
Which stock lists is Formula Systems (1985) Ltd. on?
Formula Systems (1985) Ltd. is on one of our US lists: US tech stocks.
Is Formula Systems (1985) Ltd. profitable?
Formula Systems (1985) Ltd. earned $51.6 M of net profit in the Jun 2026 quarter. Full-year FY25 profit was $680 M. Over 4 years profit has grown 47.9% a year on average. That is 6.6% of the quarter's revenue. The same quarter a year earlier earned $43.6 M.
Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.
For the full year, FY25 profit was $680 M (+343.3% on the year before).
FY25 profit $680 M (+343.3% on the year before), 47.9% a year over 4 years
- Net profit $680 M
| Quarter | Net profit |
|---|---|
| FY21 | $142 M |
| FY22 | $200 M |
| FY23 | $130 M |
| FY24 | $153 M |
| FY25 | $680 M |
Growth on a year earlier
- Growth on a year earlier 343.3%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | 40.7% |
| FY23 | −34.7% |
| FY24 | 17.5% |
| FY25 | 343.3% |
Jun 2026: $51.6 M
- Net profit (quarterly) $51.6 M
| Quarter | Net profit (quarterly) |
|---|---|
| Jun 2023 | – |
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | $43.6 M |
| Jun 2024 | $47.4 M |
| Sep 2024 | $51.7 M |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | $62.8 M |
| Jun 2026 | $51.6 M |
How much revenue does Formula Systems (1985) Ltd. make, and is it growing?
Formula Systems (1985) Ltd. reported $782 M of revenue in the Jun 2026 quarter. Over 4 years it has grown 2.2% a year on average. The last full year, FY25, came in at $2.6 B.
Revenue is everything the company billed its customers in the period.
The quarterly figures for FY23, FY25 do not add up to the full-year total on file, so those quarters are left out of the charts and sums.
FY25 revenue was $2.6 B, +18.4% on the year before.
FY25 revenue $2.6 B (+18.4% on the year before), 2.2% a year over 4 years
- Revenue $2.6 B
| Quarter | Revenue |
|---|---|
| FY21 | $2.4 B |
| FY22 | $2.6 B |
| FY23 | $2.1 B |
| FY24 | $2.2 B |
| FY25 | $2.6 B |
Growth on a year earlier
- Growth on a year earlier 18.4%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | 7% |
| FY23 | −18% |
| FY24 | 5.1% |
| FY25 | 18.4% |
Jun 2026: $782 M
- Revenue (quarterly) $782 M
| Quarter | Revenue (quarterly) |
|---|---|
| Jun 2023 | – |
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | $698 M |
| Jun 2024 | $668 M |
| Sep 2024 | $700 M |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | $738 M |
| Jun 2026 | $782 M |
How much of every $100 of sales does Formula Systems (1985) Ltd. keep?
Formula Systems (1985) Ltd.'s operating margin was 9.2% in the Jun 2026 quarter. Across 5 years it has been between 7.5% and 9.0%. The latest quarter is above every full year in that period.
Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.
Why the margin moved: operating margin changed +0.2 percentage points on the year while gross margin changed −3.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged.
FY25: 7.5%, within a range of 7.5% to 9.0% over 5 years
- Operating margin 7.5%
| Quarter | Operating margin |
|---|---|
| FY21 | 8.7% |
| FY22 | 9% |
| FY23 | 7.5% |
| FY24 | 8.3% |
| FY25 | 7.5% |
Change on the year before (points)
- Change on the year before (points) −0.8 pts
| Quarter | Change on the year before (points) |
|---|---|
| FY21 | – |
| FY22 | +0.3 pts |
| FY23 | −1.5 pts |
| FY24 | +0.8 pts |
| FY25 | −0.8 pts |
Jun 2026: operating margin 9.2%
- Operating margin 9.2%
| Quarter | Operating margin |
|---|---|
| Jun 2023 | – |
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | 9% |
| Jun 2024 | 9.7% |
| Sep 2024 | 9.2% |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | 11.1% |
| Jun 2026 | 9.2% |
Is Formula Systems (1985) Ltd.'s profit turning into cash?
Over the last 3 years, 104% of Formula Systems (1985) Ltd.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $382 M of operating cash against $680 M of profit. After $16.2 M of spending on assets, $366 M was left over as free cash.
The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.
Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.
FY25: operating cash $382 M against profit $680 M; 104% of 3 years' profit came in as cash
- Operating cash $382 M
- Net profit $680 M
- Free cash $366 M
| Quarter | Operating cash | Net profit | Free cash |
|---|---|---|---|
| FY21 | $209 M | $142 M | $192 M |
| FY22 | $239 M | $200 M | $217 M |
| FY23 | $295 M | $130 M | $278 M |
| FY24 | $324 M | $153 M | $308 M |
| FY25 | $382 M | $680 M | $366 M |
FY25: operating cash was 56% of profit (104% over three years)
- Operating cash as % of profit 56%
- Break-even line 100%
| Quarter | Operating cash as % of profit | Break-even line |
|---|---|---|
| FY21 | 147% | 100% |
| FY22 | 120% | 100% |
| FY23 | 226% | 100% |
| FY24 | 212% | 100% |
| FY25 | 56% | 100% |
Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.
What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.
Where does Formula Systems (1985) Ltd.'s cash go?
Formula Systems (1985) Ltd. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $49.3 M on assets over the last 3 years. Averaged over those years that is 0.6% of FY25 revenue a year.
Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.
Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.
Spending on assets: $49.3 M over the last 3 years.
FY25: capex $16.2 M, steady spending
- Capex $16.2 M
| Quarter | Capex |
|---|---|
| FY21 | $17.4 M |
| FY22 | $22.1 M |
| FY23 | $16.7 M |
| FY24 | $16.4 M |
| FY25 | $16.2 M |
Dec 2018: capex $2.5 M in the quarter
- Capex (quarterly) $2.5 M
| Quarter | Capex (quarterly) |
|---|---|
| Dec 2017 | $2.5 M |
| Dec 2018 | $2.5 M |
Free cash
- Free cash $53.1 M
| Quarter | Free cash |
|---|---|
| Dec 2017 | $35.9 M |
| Dec 2018 | $53.1 M |
In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.
What is Formula Systems (1985) Ltd.'s P/E ratio, and how does it compare with its own history?
Formula Systems (1985) Ltd.'s P/E is 3.0×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.
P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.
Why the multiple is where it is: over the past year earnings per share moved +655.0% while the price moved −14.9%. Earnings did better than the price, which pulled the multiple down within its own range.
In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.
Is the Formula Systems (1985) Ltd. business getting better or worse?
Formula Systems (1985) Ltd.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps.
Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.
Growth year by year: revenue +18.4% in FY25, profit +343.3%
- Revenue growth 18.4%
| Quarter | Revenue growth |
|---|---|
| FY21 | – |
| FY22 | 7% |
| FY23 | −18% |
| FY24 | 5.1% |
| FY25 | 18.4% |
Profit growth, EPS growth
- Profit growth 300%
- EPS growth 300%
| Quarter | Profit growth | EPS growth |
|---|---|---|
| FY21 | – | – |
| FY22 | 40.7% | 48.7% |
| FY23 | −34.7% | −20.9% |
| FY24 | 17.5% | 23.4% |
| FY25 | 300% | 300% |
ROE: the return line, yearly figures
- ROE 38.2%
| Quarter | ROE |
|---|---|
| FY22 | 17% |
| FY23 | 10% |
| FY24 | 11% |
| FY25 | 38.2% |
Why it matters: with too little history, we say so rather than guess a direction.
The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.
There are fewer than eight usable quarters, so this page does not guess a direction from so little history.
Compound annual growth rate (%)
Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.
| Measure | 1yr | 3yr | 5yr | 10yr |
|---|---|---|---|---|
| Revenue | +18.4% | +0.7% | — | — |
| Profit | +343.3% | +50.4% | — | — |
| EPS | +655.0% | +94.6% | — | — |
| Stock price | −14.9% | — | — | — |
How much does Formula Systems (1985) Ltd. earn on its capital?
Formula Systems (1985) Ltd. earned a ROE of 38% in FY25. That is up from a low of 10% in FY23. Its return on capital used (ROIC) is 9.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 25.9% net margin and 0.73× asset turnover (sales divided by assets).
Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.
Why the return is what it is (FY25): a 25.9% net margin × 0.73× asset turnover × 2.02× leverage (assets divided by equity) ≈ 38.2% on equity. The margin does most of the work; borrowing is a big part of it.
The key test, return on capital used minus the cost of capital: 13.8% − 4.5% = +9.3 percentage points. The 4.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value.
The 13.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 11.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.
FY25: ROE 38%, the climb back from FY23's 10%
- ROE 38.2%
- ROIC (annual) 11.2%
- Cost of capital 4.5%
| Quarter | ROE | ROIC (annual) | Cost of capital |
|---|---|---|---|
| FY21 | 12% | 12.2% | 4.5% |
| FY22 | 17% | 13.2% | 4.5% |
| FY23 | 10% | 8.5% | 4.5% |
| FY24 | 11% | 9.5% | 4.5% |
| FY25 | 38.2% | 11.2% | 4.5% |
Jun 2026: ROIC 12.9% (last 12 months) against a 4.5% cost of capital
- ROIC (12 months) 12.9%
- ROE (12 months) 13.9%
- Cost of capital 4.5%
| Quarter | ROIC (12 months) | ROE (12 months) | Cost of capital |
|---|---|---|---|
| Jun 2023 | 13.2% | 14.5% | 4.5% |
| Sep 2023 | 13.1% | 14.4% | 4.5% |
| Dec 2023 | 13% | 13% | 4.5% |
| Mar 2024 | 13.1% | 12.8% | 4.5% |
| Jun 2024 | 12.9% | 13.4% | 4.5% |
| Sep 2024 | 13.1% | 14.4% | 4.5% |
| Dec 2024 | 13.5% | 15.4% | 4.5% |
| Jun 2025 | 12.7% | 9.5% | 4.5% |
| Sep 2025 | 12.6% | – | 4.5% |
| Dec 2025 | 11.4% | 9.1% | 4.5% |
| Mar 2026 | 9.9% | 3.1% | 4.5% |
| Jun 2026 | 12.9% | 13.9% | 4.5% |
Does Formula Systems (1985) Ltd. have too much debt?
Formula Systems (1985) Ltd. has total debt of $671 M against shareholder equity of $1.7 B as of Jun 2026, so its debt is 0.40× its equity. Year by year, that ratio went from 0.60 in FY21 to 0.33 in FY25. Keep that borrowing in mind when reading the returns on this page.
Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.
FY25: debt $592 M, 0.33× equity
- Total debt $592 M
| Quarter | Total debt |
|---|---|
| FY21 | $713 M |
| FY22 | $772 M |
| FY23 | $670 M |
| FY24 | $644 M |
| FY25 | $592 M |
Debt-to-equity
- Debt-to-equity 0.33×
| Quarter | Debt-to-equity |
|---|---|
| FY21 | 0.60× |
| FY22 | 0.66× |
| FY23 | 0.51× |
| FY24 | 0.46× |
| FY25 | 0.33× |
Jun 2026: debt $671 M, debt-to-equity 0.40
- Total debt (quarterly) $671 M
| Quarter | Total debt (quarterly) |
|---|---|
| Sep 2023 | $694 M |
| Dec 2023 | $670 M |
| Mar 2024 | $630 M |
| Jun 2024 | $594 M |
| Sep 2024 | $677 M |
| Dec 2024 | $644 M |
| Mar 2025 | $644 M |
| Jun 2025 | $684 M |
| Sep 2025 | $639 M |
| Dec 2025 | $592 M |
| Mar 2026 | $681 M |
| Jun 2026 | $671 M |
Debt-to-equity
- Debt-to-equity 0.40×
| Quarter | Debt-to-equity |
|---|---|
| Sep 2023 | 0.57× |
| Dec 2023 | 0.51× |
| Mar 2024 | 0.48× |
| Jun 2024 | 0.45× |
| Sep 2024 | 0.50× |
| Dec 2024 | 0.46× |
| Mar 2025 | 0.46× |
| Jun 2025 | 0.47× |
| Sep 2025 | 0.40× |
| Dec 2025 | 0.33× |
| Mar 2026 | 0.37× |
| Jun 2026 | 0.40× |
What is the Formula Systems (1985) Ltd. shareholding pattern?
We have no ownership or short-position figures for Formula Systems (1985) Ltd., so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 2.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.
There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.
How far is Formula Systems (1985) Ltd. from balance-sheet trouble?
For Formula Systems (1985) Ltd., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.
The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.
How does Formula Systems (1985) Ltd. rank in its industry?
There is no score against its industry: Formula Systems (1985) Ltd. is not among the largest members shown in this industry comparison for Information Technology Services.
The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.
Which companies is Formula Systems (1985) Ltd. compared with?
No sector comparison is shown here, not among the largest members shown in this industry comparison.
Which companies are close to Formula Systems (1985) Ltd. in size?
Formula Systems (1985) Ltd. is the 32nd largest of 52 Information Technology Services companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Pony AI Inc., Concentrix Corporation and ChronoScale Holdings Corporation. Just below it: Mega Fortune Company, Everforth, Inc. and Innodata Inc.
Information Technology Services companies close in size
- Pony AI Inc. $2.1 billion
- Concentrix Corporation $1.9 billion
- ChronoScale Holdings Corporation $1.8 billion
- Formula Systems (1985) Ltd. $1.7 billion
- Mega Fortune Company Limited $1.6 billion
- Everforth, Inc. $1.5 billion
- Innodata Inc. $1.5 billion
All 52 Information Technology Services companies, largest first
Companies close in size in other industries
- Personalis, Inc. $1.7 billion · Diagnostics & Research
- PDF Solutions, Inc. $1.7 billion · Software - Application
- Formula Systems (1985) Ltd. $1.7 billion
- Sila Realty Trust, Inc. $1.7 billion · REIT - Healthcare Facilities
- Central Securities Corporation $1.7 billion · Asset Management
What else do people ask about Formula Systems (1985) Ltd.?
What were Formula Systems (1985) Ltd. Ltd.'s latest quarterly results?
Formula Systems (1985) Ltd. reported revenue of $782 M and net profit of $51.6 M for the Jun 2026 quarter. Earnings per share were $1.47. The operating margin was 9.2% (as of 2 November 2026).
What is Formula Systems (1985) Ltd. Ltd.'s market cap?
Formula Systems (1985) Ltd.'s market capitalisation is $1.7 B at a stock price of $119.21. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 2 November 2026).
How is Formula Systems (1985) Ltd. Ltd. performing?
Formula Systems (1985) Ltd.'s latest readings are below. Over the past 13 weeks it has done better than the S&P 500, for 2 weeks running. This describes what the data did, not a rating (as of 2 November 2026).
Will Formula Systems (1985) Ltd. Ltd.'s stock price go up?
This page does not forecast Formula Systems (1985) Ltd.'s stock price. What it shows instead: the stock price is $119.21. Nobody can reliably say which way a price will move, and this site does not try (as of 2 November 2026).
Where is Formula Systems (1985) Ltd. Ltd. in its business cycle?
Formula Systems (1985) Ltd.'s FY25 operating margin was 7.5%, against a 5-year range of 7.5% to 9.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 9.2%.
Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 2 November 2026).
What could break the Formula Systems (1985) Ltd. Ltd. story?
The main question: yearly earnings per share moved +655.0% while the share price moved −14.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 2 November 2026).
Is Formula Systems (1985) Ltd. Ltd. a stock worth studying right now?
What the numbers show: Formula Systems (1985) Ltd.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown.
Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 2 November 2026).
Where do these numbers come from?
Sector Alpha, written by code from the published numbers. Data as of 2 November 2026.
Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.
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