Formula Systems (1985) (FORTY) Invested Capital (2009 - 2026)
Formula Systems (1985) (FORTY) reported Invested Capital of $1.74 billion for Q2 2026, up 11.7% from $1.56 billion a year earlier but down 8.6% from the prior quarter.
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Analysis
Formula Systems (1985) (FORTY) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Formula Systems (1985) posted Invested Capital of $1.92 billion, up 25.3% from FY2024.
- Invested Capital has increased for three consecutive years, with a five-year compound annual growth rate of 7.3% (FY2020 to FY2025).
- By year, Invested Capital came in at $1.53 billion in FY2024 (+7.9%), $1.42 billion in FY2023 (+8.5%), $1.31 billion in FY2022 (-8.3%) and $1.42 billion in FY2021 (+5.7%).
- Five-year quarterly Invested Capital spans a low of $1.19 billion in Q3 2021 and a high of $1.92 billion in Q4 2025.
- Year over year, Invested Capital has now increased in each of the last 14 quarters, with growth averaging 14.8% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q1 2026 (growth of 29.9%); the low point was Q4 2022 (a decline of 8.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.9 billion (Q1 2026), $1.92 billion (Q4 2025) and $1.65 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.59 Bn | 37.09 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 32.87 Bn | 26.04 Bn | 1.83 Bn | 16.02 Bn |
| 3 | Wipro | 22.10 Bn | 17.25 Bn | 745.00 Mn | 10.24 Bn |
| 4 | Cdw | 20.94 Bn | 18.92 Bn | 1.32 Bn | 8.26 Bn |
| 5 | Td Synnex | 19.62 Bn | 13.78 Bn | 1.43 Bn | 14.82 Bn |
| 6 | Cgi | 18.25 Bn | 16.05 Bn | - | - |
| 7 | Arrow Electronics | 10.72 Bn | 9.67 Bn | 1.13 Bn | 9.25 Bn |
| 8 | Avnet | 7.23 Bn | 6.41 Bn | 865.03 Mn | 8.26 Bn |
| 9 | EPAM Systems | 7.08 Bn | 2.72 Bn | 429.57 Mn | 3.54 Bn |
| 10 | Formula Systems (1985) | 1.79 Bn | -1.56 Bn | 158.43 Mn | 1.82 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.82 Bn |
| Mar 31, 2026 | 1.98 Bn |
| Dec 31, 2025 | 1.96 Bn |
| Sep 30, 2025 | 1.71 Bn |
| Jun 30, 2025 | 1.61 Bn |
| Mar 31, 2025 | 1.52 Bn |
| Dec 31, 2024 | 1.63 Bn |
| Sep 30, 2024 | 1.48 Bn |
| Jun 30, 2024 | 1.44 Bn |
| Mar 31, 2024 | 1.43 Bn |
| Dec 31, 2023 | 1.58 Bn |
| Sep 30, 2023 | 1.34 Bn |
| Jun 30, 2023 | 1.34 Bn |
| Mar 31, 2023 | 1.33 Bn |
| Dec 31, 2022 | 1.54 Bn |
| Sep 30, 2022 | 1.26 Bn |
| Jun 30, 2022 | 1.24 Bn |
| Mar 31, 2022 | 1.27 Bn |
| Dec 31, 2021 | 1.42 Bn |
| Sep 30, 2021 | 1.22 Bn |
API Access
Formula Systems (1985) Invested Capital 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=invested-capital&ticker=FORTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=FORTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();