Formula Systems (1985) (FORTY) Goodwill (2009 - 2025)
Formula Systems (1985)'s Goodwill was $646.24 million in Q4 2025, down 33.7% from $975.08 million a year earlier.
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Analysis
Formula Systems (1985) (FORTY) Goodwill (2009 - 2025) Analysis & Trends
From Q4 2009 onward, Formula Systems (1985) has reported Goodwill for 20 quarters.
- Goodwill shows a five-year compound annual growth rate of -5.8% (FY2020 to FY2025).
- In earlier years, Goodwill was $975.08 million in FY2024 (+4.1%), $936.58 million in FY2023 (+1.1%), $926.16 million in FY2022 (-0.7%) and $932.85 million in FY2021 (+6.9%).
- The Q4 2025 figure marks the lowest quarterly Goodwill since Q4 2018.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 52.40 Bn | 38.90 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 32.46 Bn | 25.62 Bn | 1.83 Bn |
| 3 | Wipro | 22.47 Bn | 17.61 Bn | 745.00 Mn |
| 4 | Cdw | 20.15 Bn | 18.14 Bn | 1.32 Bn |
| 5 | Td Synnex | 19.94 Bn | 14.10 Bn | 1.43 Bn |
| 6 | Cgi | 17.74 Bn | 15.53 Bn | - |
| 7 | Arrow Electronics | 11.21 Bn | 10.16 Bn | 1.13 Bn |
| 8 | Avnet | 7.65 Bn | 6.83 Bn | 865.03 Mn |
| 9 | EPAM Systems | 7.01 Bn | 2.65 Bn | 429.57 Mn |
| 10 | Formula Systems (1985) | 1.83 Bn | -1.52 Bn | 158.43 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 | 162.17 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();