Formula Systems (1985) (FORTY) Goodwill (2009 - 2025)
Formula Systems (1985)'s (FORTY) quarterly Goodwill came in at $646.2 million in Q4 2025, down 33.72% on a YoY basis from $975.1 million in Q4 2024, and down 33.72% quarter-over-quarter from $975.1 million in Q4 2024.
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Analysis
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.
- For the quarter ending Q4 2025, Goodwill fell 33.72% year-over-year to $646.2 million; the trailing twelve-month figure through Dec 2025 stood at $646.2 million (down 33.72% YoY), and the FY2025 full-year result was $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.
- Across five years, Goodwill topped out at $975.1 million in Q4 2024 and bottomed at $646.2 million in Q4 2025.
- Historically, Goodwill has averaged $883.4 million across 5 years, with a median of $932.9 million in 2021.
- The sharpest annual moves came in 2021 and 2025: Goodwill advanced 6.93% in 2021, then sank 33.72% in 2025.
- Over 5 years, Goodwill stood at $932.9 million in 2021, then slipped by 0.72% to $926.2 million in 2022, then gained by 1.13% to $936.6 million in 2023, then gained by 4.11% to $975.1 million in 2024, then tumbled 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 44.17 Bn | 44.22 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 26.84 Bn | 25.79 Bn | 1.83 Bn |
| 3 | Cgi | 13.60 Bn | 13.02 Bn | - |
| 4 | EPAM Systems | 5.82 Bn | 5.04 Bn | 429.57 Mn |
| 5 | Science Applications International | 5.60 Bn | 5.47 Bn | 239.00 Mn |
| 6 | ExlService Holdings | 5.35 Bn | 5.07 Bn | 225.96 Mn |
| 7 | Kyndryl Holdings | 2.65 Bn | 639.03 Mn | 776.00 Mn |
| 8 | Innodata | 2.10 Bn | 1.85 Bn | 42.46 Mn |
| 9 | Formula Systems (1985) | 1.83 Bn | 1.41 Bn | 158.43 Mn |
| 10 | DXC Technology | 1.74 Bn | 9.39 Mn | 611.00 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Formula Systems (1985) Goodwill API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=goodwill&ticker=FORTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "ticker": "FORTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=goodwill&ticker=FORTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();