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Formula Systems (1985) (Formula Systems (1985)) Pretax Margin % : 7.91% (As of Sep. 2023)


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What is Formula Systems (1985) Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Formula Systems (1985)'s Pre-Tax Income for the three months ended in Sep. 2023 was $52 Mil. Formula Systems (1985)'s Revenue for the three months ended in Sep. 2023 was $655 Mil. Therefore, Formula Systems (1985)'s pretax margin for the quarter that ended in Sep. 2023 was 7.91%.

The historical rank and industry rank for Formula Systems (1985)'s Pretax Margin % or its related term are showing as below:

FORTY' s Pretax Margin % Range Over the Past 10 Years
Min: 3.81   Med: 6.9   Max: 9.98
Current: 8.08


FORTY's Pretax Margin % is ranked better than
66.57% of 2755 companies
in the Software industry
Industry Median: 2.26 vs FORTY: 8.08

Formula Systems (1985) Pretax Margin % Historical Data

The historical data trend for Formula Systems (1985)'s Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Formula Systems (1985) Pretax Margin % Chart

Formula Systems (1985) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.04 7.43 7.65 9.98 8.05

Formula Systems (1985) Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.11 8.01 8.30 7.91 7.99

Competitive Comparison of Formula Systems (1985)'s Pretax Margin %

For the Information Technology Services subindustry, Formula Systems (1985)'s Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Formula Systems (1985)'s Pretax Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Formula Systems (1985)'s Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Formula Systems (1985)'s Pretax Margin % falls into.



Formula Systems (1985) Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Formula Systems (1985)'s Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2022 )/Revenue (A: Dec. 2022 )
=256.71/2572.357
=9.98 %

Formula Systems (1985)'s Pretax Margin for the quarter that ended in Sep. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Sep. 2023 )/Revenue (Q: Sep. 2023 )
=51.823/654.839
=7.91 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Formula Systems (1985)  (NAS:FORTY) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Formula Systems (1985) Pretax Margin % Related Terms

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Formula Systems (1985) (Formula Systems (1985)) Business Description

Traded in Other Exchanges
Address
Yahadut Canada 1 Street, Or Yehuda, Tel Aviv, ISR, 6037501
Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into three primary segments based on the subsidiary. The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, IT technology, and marketing and sales. Michpal; ZAP Group and Others. The majority of the company's revenue comes from Israel.