Formula Systems (1985) Past Earnings Performance
Past criteria checks 2/6
Formula Systems (1985) has been growing earnings at an average annual rate of 16.9%, while the IT industry saw earnings growing at 13.8% annually. Revenues have been growing at an average rate of 12.6% per year. Formula Systems (1985)'s return on equity is 12.7%, and it has net margins of 2.4%.
Key information
16.9%
Earnings growth rate
16.5%
EPS growth rate
| IT Industry Growth | 22.4% |
| Revenue growth rate | 12.6% |
| Return on equity | 12.7% |
| Net Margin | 2.4% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How Formula Systems (1985) makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 2,621 | 64 | 326 | 78 |
| 30 Sep 23 | 2,638 | 64 | 329 | 77 |
| 30 Jun 23 | 2,611 | 65 | 326 | 75 |
| 31 Mar 23 | 2,578 | 82 | 321 | 74 |
| 31 Dec 22 | 2,572 | 81 | 318 | 72 |
| 30 Sep 22 | 2,596 | 82 | 306 | 70 |
| 30 Jun 22 | 2,546 | 78 | 303 | 69 |
| 31 Mar 22 | 2,489 | 58 | 301 | 67 |
| 31 Dec 21 | 2,404 | 55 | 290 | 66 |
| 30 Sep 21 | 2,290 | 51 | 276 | 63 |
| 30 Jun 21 | 2,191 | 50 | 259 | 60 |
| 31 Mar 21 | 2,040 | 48 | 235 | 56 |
| 31 Dec 20 | 1,934 | 47 | 224 | 53 |
| 30 Sep 20 | 1,839 | 45 | 214 | 51 |
| 30 Jun 20 | 1,801 | 42 | 208 | 49 |
| 31 Mar 20 | 1,776 | 40 | 207 | 49 |
| 31 Dec 19 | 1,701 | 39 | 201 | 47 |
| 30 Sep 19 | 1,647 | 40 | 193 | 44 |
| 30 Jun 19 | 1,560 | 37 | 184 | 42 |
| 31 Mar 19 | 1,511 | 35 | 181 | 41 |
| 31 Dec 18 | 1,493 | 32 | 182 | 41 |
| 30 Sep 18 | 1,466 | 26 | 177 | 42 |
| 30 Jun 18 | 1,452 | 24 | 179 | 42 |
| 31 Mar 18 | 1,418 | 17 | 179 | 43 |
| 31 Dec 17 | 1,355 | 10 | 183 | 40 |
| 30 Sep 17 | 1,291 | 12 | 172 | 36 |
| 30 Jun 17 | 1,227 | 12 | 166 | 32 |
| 31 Mar 17 | 1,157 | 19 | 156 | 26 |
| 31 Dec 16 | 1,109 | 22 | 148 | 22 |
| 30 Sep 16 | 837 | 76 | 102 | 12 |
| 30 Jun 16 | 793 | 75 | 100 | 10 |
| 31 Mar 16 | 776 | 71 | 98 | 8 |
| 31 Dec 15 | 973 | 20 | 141 | 15 |
| 30 Sep 15 | 755 | 24 | 91 | 7 |
| 30 Jun 15 | 707 | 24 | 78 | 5 |
| 31 Mar 15 | 657 | 24 | 67 | 3 |
| 31 Dec 14 | 636 | 81 | 71 | 1 |
| 30 Sep 14 | 684 | 133 | 86 | 3 |
| 30 Jun 14 | 728 | 132 | 101 | 7 |
| 31 Mar 14 | 781 | 134 | 116 | 11 |
| 31 Dec 13 | 796 | 81 | 118 | 14 |
| 30 Sep 13 | 785 | 22 | 117 | 15 |
| 30 Jun 13 | 770 | 21 | 115 | 15 |
Quality Earnings: FORT.Y has high quality earnings.
Growing Profit Margin: FORT.Y's current net profit margins (2.4%) are lower than last year (3.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FORT.Y's earnings have grown by 16.9% per year over the past 5 years.
Accelerating Growth: FORT.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FORT.Y had negative earnings growth (-21.4%) over the past year, making it difficult to compare to the IT industry average (-0.6%).
Return on Equity
High ROE: FORT.Y's Return on Equity (12.7%) is considered low.