FORTY vs PWR vs INFY Stock Comparison

Formula Systems (1985), Quanta Services and Infosys Prices as of Nov 2, 2026 Peers: Industry group
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PWR Quanta Services, Inc.
$621.10 -8.2% 1M +38.3% 1Y
Market cap
$93.34B
P/E
55.5x
Revenue (TTM)
$37.29B
Div. yield
0.07%
Utility Construction Industrials
5 wins
INFY Infosys Ltd
$12.52 +13.6% 1M -24.4% 1Y
Market cap
$50.78B
P/E
0.2x
Revenue (TTM)
$20.37B
Div. yield
2.08%
IT Services Technology
5 wins

Head to Head

12 decided of 12

Quanta Services leads on 5 of the 12 questions below (Quanta Services 5, Infosys 5, Formula Systems (1985) 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFORTYPWRINFYLeader
Larger companyMarket capitalisation $1.87B $93.34B $50.78B PWR
Cheaper on earningsLower P/E, profitable companies only 3.0x 55.5x 0.2x INFY
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 39.1x 15.3x INFY
Faster revenue growthRevenue growth, trailing twelve months +24.8% +37.1% +3.5% PWR
More profitableNet margin, trailing twelve months 21.6% 4.5% 1,509.7% INFY
Better return on capitalReturn on invested capital 10.1% 11.7% — PWR
Less leveragedLower net debt / EBITDA — 1.3x 0.0x INFY
Higher dividend yieldTrailing dividend yield 12.47% 0.07% 2.08% FORTY
Better 1-year returnPrice return, last 12 months -13.1% +38.3% -24.4% PWR
Better 5-year returnAnnualised price return, 5 years +1.6%/yr +39.7%/yr -11.2%/yr PWR
Less volatileAnnualised volatility, 1 year 55.3% 45.3% 42.2% INFY
Higher overall scoreMean of the five percentile scores vs peers 87/100 59/100 71/100 FORTY

Percentile Scorecard

FORTYPWRINFY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFORTYPWRINFY
Valuation 98 #2 of 51 29 #37 of 52 86 #8 of 51
Growth 91 #5 of 46 86 #6 of 37 29 #33 of 46
Profitability 85 #7 of 42 78 #9 of 37 95 #3 of 42
Financial Health 60 #25 of 61 55 #26 of 57 83 #11 of 61
Shareholder Returns 100 #1 of 30 44 #16 of 28 62 #12 of 30
Overall 87 59 71
  • FORTY ranked among 65 companies in Technology Services
  • PWR ranked among 57 companies in Construction Services
  • INFY ranked among 65 companies in Technology Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFORTYPWRINFYSPY
1 month +7.2%-8.2%+13.6% -2.3%
3 months +16.4%-8.7%+2.2% -0.7%
6 months -8.2%-18.0%+2.3% +4.8%
Year to date -27.2%+47.2%-29.7% +10.3%
1 year -13.1%+38.3%-24.4% +10.3%
3 years +93.1%+267.1%-24.9% +73.0%
3 years, per year +24.5%+54.3%-9.1% +20.1%
5 years +8.4%+431.7%-44.9% +61.9%
5 years, per year +1.6%+39.7%-11.2% +10.1%
10 years +217.7%+2,080.1%+65.2% +258.6%
10 years, per year +12.3%+36.1%+5.1% +13.6%

Risk

MeasureFORTYPWRINFYSPY
Volatility, 1Y 55.3%45.3%42.2% 12.8%
Downside volatility, 1Y 84.2%42.8%44.2% 12.8%
Beta vs S&P 500, 1Y 0.591.730.33 1.00
Return / volatility, 1Y -0.240.85-0.58 0.80
Max drawdown, 5Y -55.5%-33.9%-60.0% -25.4%
From 52-week high -36.2%-20.9%-38.1% -3.5%
52-week high $190.56$785.24$20.22 $779.14
52-week low $102.01$413.17$10.49 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFORTYPWRINFY
P/E now vs peer median 3.0xmedian 18.5x 55.5xmedian 27.3x 0.2xmedian 18.5x
P/S now vs peer median 0.6xmedian 0.7x 2.5xmedian 0.8x 2.5xmedian 0.7x
EV/EBITDA now vs peer median —median 9.5x 26.9xmedian 13.1x 0.9xmedian 9.5x
P/FCF now vs peer median —median 12.5x 30.6xmedian 22.4x 3.6xmedian 12.5x
P/B now vs peer median 1.1xmedian 1.5x 8.8xmedian 2.5x 0.1xmedian 1.5x
PEG now vs peer median 0.03median 1.24 1.68median 0.63 0.01median 1.24

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFORTYPWRINFY
Revenue $2.93B $37.29B $20.37B
Gross profit $580.29M $5.88B $6.19B
Operating income $249.80M $2.55B $4.14B
Net income $697.91M $1.71B $16.45B
Free cash flow – $3.05B $14.08B
R&D $21.15M – –
EPS (diluted) $39.97 $11.04 $74.63
Cash & equivalents $863.79M $2.32B –
Total debt $168.15M $6.99B $27.97B
Shares (diluted) 15.79M 152.44M 4.12B
Enterprise value -$1.03B $89.80B -$78.48B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFORTYPWRINFY
P/E 3.0x 55.5x 0.2x
P/FCF – 30.6x 3.6x
P/Operating cash flow – 22.9x 3.7x
P/S 0.6x 2.5x 2.5x
P/B 1.1x 8.8x 0.1x
P/Tangible book 1.1x 12.5x 0.1x
EV/EBITDA – 26.9x 0.9x
EV/EBIT 4.7x 38.5x 12.7x
EV/Revenue 0.4x 2.6x 2.6x
EV/FCF – 32.1x 3.7x
EV/Operating cash flow – 24.1x 3.8x
PEG (3Y EPS CAGR) 0.03 1.68 0.01

Growth

14 metrics
MetricFORTYPWRINFY
Revenue growth (1Y) 24.8% 37.1% 3.5%
Revenue CAGR (3Y) 3.9% 24.1% -62.6%
Gross profit growth (1Y) 22.3% 42.6% 3.1%
Gross profit CAGR (3Y) -3.2% 27.9% 3.0%
Operating income growth (1Y) 26.5% 61.2% 0.1%
Operating income CAGR (3Y) 1.6% 33.7% 1.9%
Net income growth (1Y) 255.1% 65.6% -4.7%
Net income CAGR (3Y) 61.1% 34.1% 15.4%
EPS growth (1Y) 700.9% 64.2% 116.2%
EPS CAGR (3Y) 112.1% 33.1% 18.6%
Operating cash flow growth (1Y) – 124.2% -26.2%
Operating cash flow CAGR (3Y) – 52.1% -8.2%
Free cash flow growth (1Y) – 143.8% -25.7%
Free cash flow CAGR (3Y) – 60.4% -8.0%

Profitability

14 metrics
MetricFORTYPWRINFY
Gross margin 19.8% 15.8% 30.4%
EBITDA margin – 9.8% 276.3%
Operating margin 8.5% 6.8% 20.3%
Pretax margin 7.1% 6.0% 22.2%
Net margin 21.6% 4.5% 1,510%
FCF margin – 8.2% 69.1%
Operating cash flow margin – 10.9% 67.6%
Return on equity 40.1% 16.8% 0.7%
Return on assets 19.5% 5.6% –
Return on invested capital 10.1% 11.7% –
Return on capital employed 11.2% 14.9% –
Asset turnover 0.8x 1.2x –
Cash conversion (OCF / net income) – 2.4x 0.8x
Stock comp / revenue – 0.7% 0.0%

Financial Health

11 metrics
MetricFORTYPWRINFY
Debt / assets 4.8% 21.3% –
Debt / equity 0.1x 0.7x 0.0x
Net debt / EBITDA – 1.3x 0.0x
Debt / FCF – 2.3x 2.0x
Liabilities / assets 52.8% 67.6% –
Equity / assets 47.2% 32.4% –
Interest coverage – 8.3x 86.3x
Current ratio 1.5x 1.2x –
Quick ratio 1.4x 1.1x –
Cash ratio 0.6x 0.2x –
Altman Z-score – 4.35 –

Shareholder Returns

7 metrics
MetricFORTYPWRINFY
Dividend yield 12.5% 0.1% 2.1%
Net buyback yield – – –
Shareholder yield 12.5% 0.1% 2.1%
Payout ratio (earnings) – 3.8% –
Payout ratio (FCF) – 2.2% –
Dividend growth (1Y) – 12.1% –
Dividend CAGR (3Y) – 12.7% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFORTYPWRINFY
Forward P/E – 39.1xFY2026 15.3xFY2026
EPS, next fiscal year – $15.88FY2026 $0.82FY2026
EPS growth, next FY – +47.7%FY2026 +2.5%FY2026
EPS growth, the year after – +27.0% +8.5%
Revenue, next fiscal year – $40.73BFY2026 $21.28BFY2026
Revenue growth, next FY – +43.0%FY2026 +5.6%FY2026
Revenue growth, the year after – +9.6% -3.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFORTYPWRINFY
Held by institutions – 88.9% 13.2%
Institutions holding – 1,922 432
Change in shares held, QoQ – +13.5% +18.7%
Institutions buying – 973 218
Institutions selling – 705 164
Buyers to sellers – 1.38 1.33

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FORTYPWRINFY
FORTY 1.00 0.06 0.20
PWR 0.06 1.00 -0.24
INFY 0.20 -0.24 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FORTY, PWR and INFY?

Quanta Services (PWR) is the largest by market capitalisation: Formula Systems (1985) (FORTY) $1.87B, Quanta Services (PWR) $93.34B, Infosys (INFY) $50.78B.

Which stock is cheaper, FORTY, PWR and INFY?

Infosys (INFY) trades on the lowest price-to-earnings ratio (Formula Systems (1985) (FORTY) 3.0x, Quanta Services (PWR) 55.5x, Infosys (INFY) 0.2x). On next year's consensus earnings, Infosys (INFY) is cheapest (Quanta Services (PWR) 39.1x, Infosys (INFY) 15.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Quanta Services (PWR) grew revenue fastest over the trailing twelve months: Formula Systems (1985) (FORTY) +24.8%, Quanta Services (PWR) +37.1%, Infosys (INFY) +3.5%.

Which company is more profitable?

Infosys (INFY) has the highest net margin (Formula Systems (1985) (FORTY) 21.6%, Quanta Services (PWR) 4.5%, Infosys (INFY) 1,509.7%). On return on invested capital, Quanta Services (PWR) leads (Formula Systems (1985) (FORTY) 10.1%, Quanta Services (PWR) 11.7%).

Which stock has performed better?

Over the past year Quanta Services (PWR) returned the most: Formula Systems (1985) (FORTY) -13.1%, Quanta Services (PWR) +38.3%, Infosys (INFY) -24.4%. Over five years, Quanta Services (PWR) compounded fastest (Formula Systems (1985) (FORTY) +1.6%/yr, Quanta Services (PWR) +39.7%/yr, Infosys (INFY) -11.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Formula Systems (1985) (FORTY) has the highest dividend yield: Formula Systems (1985) (FORTY) 12.47%, Quanta Services (PWR) 0.07%, Infosys (INFY) 2.08%.

Which stock is riskier?

By one-year price volatility, Infosys (INFY) has been the steadiest (Formula Systems (1985) (FORTY) 55.3%, Quanta Services (PWR) 45.3%, Infosys (INFY) 42.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FORTY, PWR and INFY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Quanta Services (PWR) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.