profit from every $100 of sales.
$0$100
Formula Systems (1985)
$117.47-2.92% today
-25.9% in 1 year
1-year low $102.011-year high $190.56
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $2.97 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Formula Systems (1985) sold, what it kept, and what it did with the cash.
Sales went from $2.57 billion in 2022 to $2.63 billion in 2025, with $606 million of profit last year.
SalesProfit
Formula Systems (1985) handed back 8% of the cash it generated last year.
$29M
Free cash flow 2025$354M
Bought back its own shares–
Paid as dividends$29M
Cash vs. debt$1.3B vs. $592M
Formula Systems (1985) vs. similar companies
Formula Systems (1985) grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Formula Systems (1985) | 3.0× · Cheap | ||
 IBM | 22.0× · Fair price | ||
 Accenture | 17.7× · Fair price | ||
 Tata Consultancy Services | 17.7× · Fair price | ||
 Infosys | 15.0× · Fair price |
AI analysis
An AI analyst reads Formula Systems (1985)'s last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2,572 | 2,110 | 2,218 | 2,627 | |
| 622 | 421 | 446 | 519 | |
| 232 | 158 | 183 | 196 | |
| 390 | 284 | 303 | 333 | |
| 81 | 64 | 80 | 606 | |
| 5.21 | 4.12 | 5.09 | 38.39 | |
| 24.2% | 20.0% | 20.1% | 19.8% | |
| 9.0% | 7.5% | 8.3% | 7.5% | |
| 3.2% | 3.0% | 3.6% | 23.1% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,794 | 2,813 | 3,015 | 3,583 |
| Cash | 544 | 452 | 508 | 1,280 |
| Total debt | 772 | 670 | 644 | 592 |
| Total liabilities | 1,617 | 1,504 | 1,626 | 1,805 |
| 552 | 626 | 679 | 1,353 | |
| 16 | 15 | 16 | 16 | |
| 16.4% | 9.9% | 11.2% | 7.3% | |
| 14.7% | 10.2% | 11.7% | 44.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 239 | 295 | 324 | 382 | |
| 39 | 32 | 29 | 28 | |
| 200 | 263 | 295 | 354 | |
| Dividends paid | 22 | 10 | 19 | 29 |
| – | – | – | – | |
| 15 | 19 | 16 | 31 |
Valuation
- 3.0×
- –
- 0.03
- 1.6×
- 0.7×
- 5.1×
- 3.3×
- 19.7%
- 33.7%
- 1.2%
Profitability
- 19.8%
- 7.5%
- 23.1%
- 8.1%
- 6.5%
- 10.5%
- 69.7%
- 17.1%
- 9.9%
- 1.9%
Growth
- +0.7%
- +94.6%
- +12.4%
- +41.5%
- +0.0%
Financial health
- -2.9×
- 0.43
- 16.4%
- 4.6×
- 1.63
- 1.61
- 0.81
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 45%of 965
Bottom 45%of 973
Top 2%of 731
Bottom 20%of 978
Top 3%of 981
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Mar 26, 2026 | 0.27 | – | – |
| Nov 20, 2025 | 0.73 | – | – |
| Aug 19, 2025 | 0.95 | – | – |
| May 22, 2025 | 1.23 | – | – |
| Mar 20, 2025 | 1.28 | – | – |
| Nov 21, 2024 | 1.51 | – | – |
| Aug 20, 2024 | 1.20 | – | – |
| May 22, 2024 | 1.10 | – | – |
1.2%of the share price, paid each year
On $1,000 invested$12a year at today's yield, before tax
+41.5%2020 to 2025
Raised2 yearsin a row, in our data
Paid per share, each year
$0.88 in 2015 → $2.08 in 2025
How safe it looks
4.7% of its profit
Room to growStretchedMore than it earns: 8.1%
News
A2 Milk profit tumbles 44% after China formula shortageSeeking Alpha · Aug 16, 2026The newest story we have is from Aug 16, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
81Pass
Philip Fisher
58No pass
Peter Lynch
86Pass
Joel Greenblatt
61Pass
Charlie Munger
49No pass
Terry Smith
35No pass
Questions about Formula Systems (1985)
Is Formula Systems (1985) a good stock to buy?
A strong, very profitable business, and the price looks low. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Formula Systems (1985) AI analysis
What does Formula Systems (1985) do?
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. It is in Information Technology Services.
Does Formula Systems (1985) pay a dividend?
Yes. At today's price the dividend is 1.2% a year, about 5% of its yearly profit. In 2025 it paid out $28.7 million in dividends.
Is Formula Systems (1985) stock halal?
No. Formula Systems (1985) does not pass our halal screen: its cash and confirmed interest-bearing investments are 69% of its market value, at or above the 33% limit. How we check
How has Formula Systems (1985) stock done over the past year?
Down 25.9% over the past twelve months, to $117.47. It traded between $102.01 and $190.56 and is 38.4% below its high.
Who are Formula Systems (1985)'s competitors?
The largest listed companies in the same industry are IBM, Accenture, Tata Consultancy Services and Infosys. The peers table on this page compares their profit, growth and price with Formula Systems (1985)'s.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.