Formula Systems (1985) Ltd

NAS:FORTYTechnologyNASDAQ:IXCOnasdaq_composite

$117.08+2.45%LiveIn session · ≈ AED 429.98 · Market cap —

FORTY · Ratios · TradingHolo

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	23.1%	23.4%	24.2%	24.6%	24.8%	17.0%	—	—
Operating margin	8.8%	8.6%	10.8%	9.1%	9.8%	7.1%	7.1%	+0.0 pts
Net margin	2.4%	2.3%	3.2%	2.4%	2.9%	1.1%	1.4%	+0.3 pts
EBITDA margin	13.7%	13.8%	15.4%	14.2%	14.0%	12.9%	—	—
Return on equity	9.3%	10.1%	14.7%	10.2%	11.7%	2.1%	2.1%	−0.0 pts
Return on assets	1.9%	2.0%	2.9%	2.3%	2.6%	0.8%	1.0%	+0.2 pts
Return on capital employed	9.8%	11.5%	15.4%	13.1%	14.4%	8.4%	—	—
Debt / equity	1.3×	1.3×	1.4×	1.1×	1.0×	0.4×	0.3×	−23.9%
Debt / assets	26.5%	25.9%	27.6%	23.8%	22.9%	16.5%	—	—
Interest coverage	6.6×	7.9×	11.1×	6.2×	12.2×	6.2×	—	—
Current ratio	1.5×	1.4×	1.4×	1.4×	1.3×	1.6×	1.6×	+0.0%
Quick ratio	1.5×	1.4×	1.3×	1.4×	1.3×	1.6×	—	—
Cash ratio	0.6×	0.5×	0.5×	0.5×	0.4×	1.0×	1.0×	+0.0%
Asset turnover	0.8×	0.9×	0.9×	0.9×	0.9×	0.7×	—	—
Inventory turnover	62.0×	86.8×	55.4×	47.1×	67.5×	72.6×	—	—
Receivables turnover	3.5×	3.3×	3.5×	3.6×	3.3×	3.4×	—	—
Dividend payout	31.9%	40.5%	26.8%	15.5%	23.6%	101.7%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

ⓘ

Current snapshot ratios have no reporting date and are shown separately from fiscal periods.