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Amdocs vs Formula Systems (1985): revenue, profit, margins and growth compared

Amdocs brought in $5B of revenue in fiscal 2024, Formula Systems (1985) $2.8B in fiscal 2024. Revenue changed by +2.4% at Amdocs and +5.2% at Formula Systems (1985) on the year before, so Formula Systems (1985) grew faster. Amdocs kept 9.9% of its revenue as net profit, Formula Systems (1985) 2.9%. Free cash flow was $618.9M at Amdocs and $308M at Formula Systems (1985).

Side by side, latest fiscal year

DOXFORTY
Fiscal year endedFY2024 (September 30, 2024)FY2024 (December 31, 2024)
Revenue$5B$2.8B
Revenue growth+2.4%+5.2%
Net income$493.2M$79.7M
Net margin9.9%2.9%
Free cash flow$618.9M$308M
Free cash flow margin12.4%11.2%
Earnings per share (diluted)$4.25$5.09
Cash$346.1M$507.8M
Debt$646.3Mn/a
Price to earningsn/an/a
Market value$6.2B$1.8B
Dividend yieldn/an/a
Rank by revenue in sector#91 of 530 · Technology#127 of 530 · Technology

Over the years

Revenue
DOX FY2017: $3.9BDOX FY2018: $4BDOX FY2019: $4.1BDOX FY2020: $4.2BDOX FY2021: $4.3BDOX FY2022: $4.6BDOX FY2023: $4.9BDOX FY2024: $5BFORTY FY2017: $1.4BFORTY FY2018: $1.5BFORTY FY2019: $1.7BFORTY FY2020: $1.9BFORTY FY2021: $2.4BFORTY FY2022: $2.6BFORTY FY2023: $2.6BFORTY FY2024: $2.8BFY17FY18FY19FY20FY21FY22FY23FY24
DOX $5BFORTY $2.8B
Net income
DOX FY2017: $436.8MDOX FY2018: $354.4MDOX FY2019: $479.4MDOX FY2020: $497.8MDOX FY2021: $688.4MDOX FY2022: $549.5MDOX FY2023: $540.7MDOX FY2024: $493.2MFORTY FY2017: $10.4MFORTY FY2018: $77.4MFORTY FY2019: $94.4MFORTY FY2020: $114MFORTY FY2021: $141.9MFORTY FY2022: $81.4MFORTY FY2023: $64MFORTY FY2024: $79.7MFY17FY18FY19FY20FY21FY22FY23FY24
DOX $493.2MFORTY $79.7M
Net margin
DOX FY2017: 11.3%DOX FY2018: 8.9%DOX FY2019: 11.7%DOX FY2020: 11.9%DOX FY2021: 16.1%DOX FY2022: 12.0%DOX FY2023: 11.1%DOX FY2024: 9.9%FORTY FY2017: 0.8%FORTY FY2018: 5.2%FORTY FY2019: 5.6%FORTY FY2020: 5.9%FORTY FY2021: 5.9%FORTY FY2022: 3.2%FORTY FY2023: 2.4%FORTY FY2024: 2.9%FY17FY18FY19FY20FY21FY22FY23FY24
DOX 9.9%FORTY 2.9%
Revenue growth
DOX FY2018: +2.8%DOX FY2019: +2.8%DOX FY2020: +2.0%DOX FY2021: +2.9%DOX FY2022: +6.7%DOX FY2023: +6.8%DOX FY2024: +2.4%FORTY FY2018: +10.2%FORTY FY2019: +13.9%FORTY FY2020: +13.7%FORTY FY2021: +24.3%FORTY FY2022: +7.0%FORTY FY2023: +1.9%FORTY FY2024: +5.2%FY18FY19FY20FY21FY22FY23FY24
DOX +2.4%FORTY +5.2%
Free cash flow
DOX FY2017: $502.7MDOX FY2018: $326.1MDOX FY2021: $715.4MDOX FY2022: $529.5MDOX FY2023: $698.3MDOX FY2024: $618.9MFORTY FY2017: $71.5MFORTY FY2018: $71MFORTY FY2019: $173.7MFORTY FY2020: $271.5MFORTY FY2021: $191.7MFORTY FY2022: $217.1MFORTY FY2023: $278.3MFORTY FY2024: $308MFY17FY18FY19FY20FY21FY22FY23FY24
DOX $618.9MFORTY $308M

Fiscal years as each company reports them; the two may end in different months.

Questions about Amdocs and Formula Systems (1985)

Which is bigger by revenue, Amdocs or Formula Systems (1985)?

Amdocs is bigger by revenue: $5B in fiscal 2024, against $2.8B for Formula Systems (1985) in fiscal 2024.

Which keeps more of its revenue as profit, Amdocs or Formula Systems (1985)?

Amdocs had a net margin of 9.9% in fiscal 2024; Formula Systems (1985) had 2.9% in fiscal 2024.

Which grew revenue faster, Amdocs or Formula Systems (1985)?

In their latest fiscal years revenue changed by +2.4% at Amdocs and +5.2% at Formula Systems (1985).

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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