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Formula Systems (1985) stock: growth
FORTYFormula Systems (1985) reported $2.65B in revenue for fiscal 2025, up 18.8% on the prior year, up 6.5% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
9.3%
per year from 2006 to 2025, per share 8.4%
Earnings (Annual rate)
5.6%
per year from 2006 to 2025, per share 4.5%
Free cash flow (Annual rate)
40.3%
per year from 2006 to 2025, per share 39.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 6.5% | 12.7% | 9.3% |
| Revenue per share | 6.5% | 11.8% | 8.4% |
| Earnings | −9.5% | 3.9% | 5.6% |
| Earnings per share | −9.5% | 3.0% | 4.5% |
| Free cash flow | 7.7% | 23.7% | 40.3% |
| Free cash flow per share | 7.7% | 22.7% | 39.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $492.74M | $10.02M | $603K |
| 2007 | $493.35M | $37.26M | $30.4M |
| 2008 | $590.81M | $11.87M | $43.33M |
| 2009 | $469.39M | $19.08M | $52.93M |
| 2010 | $549.69M | $18.38M | $48.02M |
| 2011 | $640.62M | $42.96M | $7.18M |
| 2012 | $744.73M | $24.03M | $59.64M |
| 2013 | $796.67M | $76.89M | $51.78M |
| 2014 | $636.42M | $75.06M | $11.93M |
| 2015 | $798.8M | $19.32M | $44.58M |
| 2016 | $1.11B | $22.45M | $55.66M |
| 2017 | $1.36B | $11.18M | $62.07M |
| 2018 | $1.49B | $32.21M | $61.96M |
| 2019 | $1.7B | $92.64M | $159.5M |
| 2020 | $1.93B | $46.78M | $258.14M |
| 2021 | $2.4B | $54.59M | $177.42M |
| 2022 | $2.57B | $81.39M | $199.82M |
| 2023 | $2.61B | $63.85M | $262.97M |
| 2024 | $2.23B | $80.05M | $295.49M |
| 2025 | $2.65B | $28.39M | $374.82M |
Revenue by region
Where Formula Systems (1985) Ltd. generates its revenue.
- Israel$2.1B79%
- United States$435.8M16%
- Europe$83.9M3%
- Other$35.4M1%
“Other” combines smaller regions with revenue the company does not assign to a region. The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| Israel | $2.09B | 79% |
| United States | $435.8M | 16.5% |
| Europe | $83.87M | 3.2% |
| Other | $35.45M | 1.3% |
| Total revenue | $2.65B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 5 Sep 2025)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.