Formula Systems (1985) (FORTY) Goodwill (2009 - 2025)
Formula Systems (1985) (FORTY) posted quarterly Goodwill of $646.2 million for Q4 2025, down 33.72% year-on-year from $975.1 million in Q4 2024, and down 33.72% on a QoQ basis from $975.1 million in Q4 2024.
Formula Systems (1985) (FORTY) Goodwill (2009 - 2025) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Goodwill for 17 consecutive years, with $646.2 million the latest figure, recorded in Q4 2025.
- Quarterly Goodwill fell 33.72% year-over-year to $646.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $646.2 million (down 33.72% YoY) and the FY2025 annual result came in at $646.2 million, down 33.72% from the prior year.
- Goodwill eased to $646.2 million in Q4 2025 per FORTY's latest filing, from $975.1 million in the prior quarter.
- Over the last five years, Goodwill for FORTY reached as high as $975.1 million in Q4 2024 and fell as low as $646.2 million in Q4 2025.
- A 5-year average of $883.4 million and a median of $932.9 million in 2021 frame the typical range for Goodwill.
- Annual changes were most pronounced in 2021 — Goodwill advanced 6.93% — and 2025, when it tumbled 33.72%.
- Year by year, Goodwill stood at $932.9 million in 2021, then dropped by 0.72% to $926.2 million in 2022, then advanced by 1.13% to $936.6 million in 2023, then advanced by 4.11% to $975.1 million in 2024, then slumped by 33.72% to $646.2 million in 2025.
- According to Business Quant data, Goodwill over the past three periods registered $646.2 million, $975.1 million, and $936.6 million for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn |
| 10 | Formula Systems (1985) | 1.63 Bn | 883.74 Mn | 146.04 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 646.24 Mn |
| Dec 31, 2024 | 975.08 Mn |
| Dec 31, 2023 | 936.58 Mn |
| Dec 31, 2022 | 926.16 Mn |
| Dec 31, 2021 | 932.85 Mn |
| Dec 31, 2020 | 872.42 Mn |
| Dec 31, 2019 | 724.19 Mn |
| Dec 31, 2018 | 640.92 Mn |
| Sep 30, 2018 | 637.48 Mn |
| Mar 31, 2018 | 2.83 Mn |
| Dec 31, 2017 | 617.27 Mn |
| Dec 31, 2016 | 640.18 Mn |
| Dec 31, 2015 | 441.02 Mn |
| Jun 30, 2015 | 4.80 Mn |
| Dec 31, 2014 | 373.23 Mn |
| Dec 31, 2013 | 227.43 Mn |
| Dec 31, 2012 | 326.86 Mn |
| Dec 31, 2011 | 8.70 Mn |
| Dec 31, 2010 | 166.50 Mn |
| Dec 31, 2009 | 147.41 Mn |