Formula Systems (1985) vs RideNow: revenue, profit, margins and growth compared
Formula Systems (1985) brought in $2.8B of revenue in fiscal 2024, RideNow $1.1B in fiscal 2025. Revenue changed by +5.2% at Formula Systems (1985) and -10.5% at RideNow on the year before, so Formula Systems (1985) grew faster. Formula Systems (1985) kept 2.9% of its revenue as net profit, RideNow -4.8%. Free cash flow was $308M at Formula Systems (1985) and $10.3M at RideNow.
Fiscal years as each company reports them; the two may end in different months.
Questions about Formula Systems (1985) and RideNow
Which is bigger by revenue, Formula Systems (1985) or RideNow?
Formula Systems (1985) is bigger by revenue: $2.8B in fiscal 2024, against $1.1B for RideNow in fiscal 2025.
Which keeps more of its revenue as profit, Formula Systems (1985) or RideNow?
Formula Systems (1985) had a net margin of 2.9% in fiscal 2024; RideNow had -4.8% in fiscal 2025.
Which grew revenue faster, Formula Systems (1985) or RideNow?
In their latest fiscal years revenue changed by +5.2% at Formula Systems (1985) and -10.5% at RideNow.
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.