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
DateValue
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