Formula Systems (1985) vs Globant
Formula Systems (1985) and Globant are similar in size: $2.63bn and $2.45bn of revenue in their latest fiscal years. Formula Systems (1985) grew faster (18.4% against 1.6%). Formula Systems (1985) kept more of each dollar of sales as profit: a net margin of 23.1% against 4.2%. Globant carries less debt relative to equity (17.5% against 26.8%).
| Latest fiscal year | Formula Systems (1985)FORTY, 2025 | GlobantGLOB, 2025 |
|---|---|---|
| Revenue | $2.63bn | $2.45bn |
| Revenue growth | 18.4% | 1.6% |
| Net income | $606m | $103m |
| Operating margin | — | 7.0% |
| Net margin | 23.1% | 4.2% |
| Return on equity | 59.7% | 5.1% |
| Free cash flow | $366m | $282m |
| Cash | $1.28bn | $244m |
| Total debt | $363m | $367m |
| Debt to equity | 26.8% | 17.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $56.1m |
| Employees | — | — |
| Market value | $1.83bn | $2.08bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 3 sales |