Formula Systems (1985) Ltd.
FORTY · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $2,757,511 | $2,620,903 | $2,572,357 | $2,405,510 |
| % Growth | 5.2% | 1.9% | 6.9% | – |
| Cost of Goods Sold | $2,073,477 | $1,977,192 | $1,949,892 | $1,841,651 |
| Gross Profit | $684,034 | $643,711 | $622,465 | $563,859 |
| % Margin | 24.8% | 24.6% | 24.2% | 23.4% |
| R&D Expenses | $83,731 | $77,968 | $72,129 | $65,858 |
| G&A Expenses | $319,092 | $309,416 | $225,819 | $211,181 |
| SG&A Expenses | $335,151 | $326,375 | $317,956 | $289,985 |
| Sales & Mktg Exp. | $16,059 | $16,959 | $19,412 | $15,598 |
| Other Operating Expenses | -$4,720 | $0 | -$44,260 | $1 |
| Operating Expenses | $414,162 | $404,343 | $345,825 | $355,844 |
| Operating Income | $270,521 | $239,368 | $276,640 | $208,016 |
| % Margin | 9.8% | 9.1% | 10.8% | 8.6% |
| Other Income/Exp. Net | -$20,066 | -$27,561 | -$21,738 | -$23,500 |
| Pre-Tax Income | $250,455 | $211,807 | $254,902 | $184,516 |
| Tax Expense | $56,665 | $46,075 | $55,235 | $42,614 |
| Net Income | $79,670 | $64,014 | $81,393 | $54,585 |
| % Margin | 2.9% | 2.4% | 3.2% | 2.3% |
| EPS | 5.21 | 4.17 | 5.31 | 3.57 |
| % Growth | 24.9% | -21.5% | 48.7% | – |
| EPS Diluted | 5.09 | 4.12 | 5.21 | 3.5 |
| Weighted Avg Shares Out | 15,305 | 15,301 | 15,296 | 15,290 |
| Weighted Avg Shares Out Dil | 15,637 | 15,498 | 15,503 | 15,404 |
| Supplemental Information | – | – | – | – |
| Interest Income | $0 | $13,800 | $5,821 | $2,651 |
| Interest Expense | $22,143 | $38,368 | $24,942 | $26,455 |
| Depreciation & Amortization | $115,495 | $121,832 | $115,308 | $122,184 |
| EBITDA | $386,016 | $371,234 | $396,960 | $332,650 |
| % Margin | 14% | 14.2% | 15.4% | 13.8% |