Formula Systems
Formula Systems (1985) Ltd., through its subsidiaries, operates as an information technology company in Israel and internationally. Based in Or Yehuda.
Formula Systems: net income sharply up (+71.4%), sales stable (+1.5%), operating income up (+11.0%).
- Net income sharply upH1 2026
Net income: $59M, vs. $34M a year earlier, i.e. +71.4%.
- Sales stableH1 2026
Revenue: $1,521M, vs. $1,498M a year earlier, i.e. +1.5%.
- Operating income upH1 2026
Operating income: $154M, vs. $138M a year earlier, i.e. +11.0%.
What the market pays, vs. the sector
This company's valuation multiples history is being built day by day from now on.
P/E calculated on net income (trailing 12 months: last fiscal year + H1 2026 − same period a year earlier). Cross-check: another source (Yahoo Finance) shows a P/E of 25.2. The gap usually comes from the period used (fiscal year or trailing 12 months) or from one-off items: check the reports. Sector median: companies in the group tracked here. Prices: Yahoo Finance; market cap cross-checked with the Tel Aviv Stock Exchange for Israeli stocks. These ratios describe a price, not a value: none of them says whether the share is expensive or cheap.
Dividend per share, over 5 years
Total dividends per share paid each calendar year (5 year(s) out of 5 with a payment). Source: Yahoo Finance. The current year is not complete.
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Financial summary
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Total assets | 3,506 | 3,197 | 3,583 |
| Current assets | 1,968 | 1,447 | 2,166 |
| Non-current assets | 1,538 | 1,750 | 1,417 |
| Equity | 1,656 | 1,463 | 1,778 |
| of which minority interests | 450 | 740 | 425 |
| Current liabilities | 1,333 | 1,193 | 1,330 |
| Non-current liabilities | 517 | 541 | 475 |
| Revenue | 1,521 | 1,498 | 2,627 |
| Gross profit | 304 | 366 | 519 |
| Operating income | 154 | 138 | 196 |
| Pre-tax income | 144 | 123 | 146 |
| Net income | 114 | 94 | 669 |
| Net income (attributable to shareholders) | 59 | 34 | 606 |
| Dividends paid | 0 | 0 | −37 |
| Operating cash flow | 0 | 0 | 382 |
In millions of dollars. The "H1" columns cover the first six months of the year.
Calculated from these figures
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Gross margin | 20.0% | 24.4% | 19.8% |
| Operating margin | 10.1% | 9.2% | 7.5% |
| Net margin | 3.9% | 2.3% | 23.1% |
| Current ratio (current assets / current liabilities) | 1,5 x | 1,2 x | 1,6 x |
| Equity / total assets | 47.2% | 45.8% | 49.6% |
The 5-year history, charts and cross-check models are coming for companies listed only in Tel Aviv: each new filing on Maya is kept and enriches the page.
Company overview
Formula Systems (1985) Ltd., through its subsidiaries, operates as an information technology company in Israel and internationally. The company offers software consulting services; IT solutions and software systems; proprietary software solutions; and IT professional services, including implementation and integration projects of computing and software, outsourcing, software project management and development, IT managed services, operation of a network of training and instruction centers, sale of software and hardware products, and software testing and QA. It also provides cloud and computing infrastructure; packaged software solutions, such as Clicks for medical record information management systems, Hermes Cargo for managing air cargo ground handling, HR Pulse for the creation of HCM solutions, MBS solution for managing TV broadcast channels, Nativ for managing rehabilitation centers, and Mobisale for consumer goods sale and distribution; and product-related services comprising maintenance, customer support, and training. In addition, the company offers software solutions and services for payroll processing, pension administration, workforce management, and human resources, as well as financial processes, accounting workflows, and business operations; employees to vendor management systems workforce management program accounts; and digital advertising and e-commerce platforms, as well as digital services, which include search engine marketing and optimization, website design, management of social media, online business cards, and big data. Further, it is involved in aerial and satellite mapping, geographic data collection and processing, and geographic applications; installation of computer communication infrastructures, announcement and alarm systems, and electronic security systems; and planning and deployment of fiber optics, structured cabling, and coaxial and telephony systems. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.
Source: official company profile (Yahoo Finance), summary. Website: www.formulasystems.com
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