Formula Systems/$FORTY
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Formula Systems
Formula Systems (1985) Ltd is an information technology company that is principally engaged through its directly and indirectly held investees in providing software consulting services, selling and marketing computer-based business solutions and hardware products from a wide range of domestic and international manufacturers, as well as developing proprietary software solutions. It delivers solutions in Israel and in numerous countries to customers with complex IT services needs. It designs and implements IT solutions and software systems that improve the productivity of customers' existing IT assets, enable them to effectively manage their operations and reduce their business risks in the face of changing business environments.
- Ticker
- $FORTY
- Sector
- Business services
- Primary listing
- NASDAQ
- Employees
- 19,337
- Headquarters
- Or Yehuda, Israel
- Website
- www.formulasystems.com
Formula Systems Metrics
BasicAdvanced
$1.7B
2.77
$39.83
0.18
$11.70
10.62%
Price and volume
Market cap
$1.7B
Beta
0.18
52-week high
$190.56
52-week low
$102.01
Average daily volume
1.5K
Dividend rate
$11.70
Financial strength
Current ratio
1.476
Quick ratio
1.359
Long term debt to equity
0.202
Total debt to equity
0.405
Interest coverage (TTM)
11.04%
Profitability
EBITDA (TTM)
331.161
Gross margin (TTM)
19.83%
Net profit margin (TTM)
21.57%
Operating margin (TTM)
8.54%
Effective tax rate (TTM)
22.88%
Revenue per employee (TTM)
$150,000
Management effectiveness
Return on assets (TTM)
4.66%
Return on equity (TTM)
10.39%
Valuation
Price to earnings (TTM)
2.768
Price to revenue (TTM)
0.577
Price to book
4.43
Price to tangible book (TTM)
15.96
Dividend yield (TTM)
10.62%
Growth
Revenue change (TTM)
1.25%
Earnings per share change (TTM)
700.79%
3-year revenue growth (CAGR)
3.87%
10-year revenue growth (CAGR)
13.94%
3-year earnings per share growth (CAGR)
112.65%
10-year earnings per share growth (CAGR)
23.07%
10-year dividend per share growth (CAGR)
14.64%
Bulls say / Bears say
Second-quarter revenue rose 29.8% year on year to a record $782.4 million, while operating income grew 41.3%. First-half operating income was still up 36.7% after excluding a one-off gain, pointing to strong underlying momentum. (Reuters, StockTitan)
Formula’s subsidiaries are benefiting from demand in areas including AI infrastructure, cybersecurity and defence. TSG also reported second-quarter revenue growth of 22% and operating-income growth of 22.7%, with demand for its defence and unmanned-aircraft systems in Israel and overseas. (StockTitan)
Formula has returned substantial cash to shareholders, including a special dividend of $13.045 per share after the Sapiens transaction. It also approved a further $1.63-per-share dividend in 2026. (GlobeNewswire, StockTitan)
Reported first-half operating income included a $16.6 million gain from dilution of Formula’s stake in TSG. That makes headline profit growth less representative of recurring operations, and the transaction also reduced Formula’s ownership in TSG from 37.33% to 32.87%. (StockTitan)
Consolidated cash and short-term deposits fell to $864.5 million at June 2026 from $1.28 billion at year-end 2025, while total equity also declined. The smaller cash reserve may constrain flexibility for further acquisitions or shareholder distributions. (StockTitan)
A majority of Formula’s revenue comes from Israel, leaving it exposed to local geopolitical and economic shocks. The company warns these could delay or cancel projects and weaken demand for its services and solutions. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 21 Oct 2026.
Formula Systems Financial Performance
Revenues and expenses
Upcoming events
No upcoming events
Funds containing Formula Systems
AllUSDEURGBP
Fund name | Fund size | $FORTY weighting |
|---|---|---|
iShares Automation & Robotics$RBOT | $4.9B | 0.06% |
iShares Automation & Robotics£RBTX | $4.9B | 0.06% |
iShares Automation & Robotics€2B76 | $5.3B | 0.06% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | $9B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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