Formula Systems (1985) (FORTY) vs Innodata (INOD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Formula Systems (1985) (FORTY) has outperformed Innodata (INOD) over the past year, losing 21.2% versus a loss of 32.4%. Over five years, INOD leads with a +505.3% price change compared with +10.1% for FORTY. Innodata is the larger company by market cap ($2.13 billion vs $1.81 billion), about 1.2 times the size.
On valuation, Formula Systems (1985) trades at a lower trailing P/E (25.0x vs 48.1x for Innodata). Formula Systems (1985) pays a dividend yielding 2.26%, while Innodata does not currently pay one. Innodata converts more of its revenue into profit, with a net margin of 12.8% versus 2.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FORTY | INOD |
|---|---|---|
| Share price | $118.15 | $62.04 |
| Market cap | $1.81B | $2.13B |
| 1-day change | 0.00% | +1.37% |
| YTD return | -29.26% | +21.77% |
| 1-year return | -21.23% | -32.37% |
| 5-year return | +10.11% | +505.27% |
| P/E ratio (TTM) | 25.03 | 48.09 |
| Forward P/E | — | 29.72 |
| EPS (TTM) | $4.72 | $1.29 |
| Dividend yield | 2.26% | 0.00% |
| Annual dividend | $2.67 | $0.00 |
| Revenue (latest FY) | $2.76B | $251.66M |
| Revenue growth (YoY) | +5.21% | +47.64% |
| Net income (latest FY) | $79.67M | $32.18M |
| Gross margin | 24.83% | 39.53% |
| Operating margin | — | 15.84% |
| Net margin | 2.89% | 12.79% |
| 52-week high | $190.56 | $125.14 |
| 52-week low | $102.01 | $34.23 |
| Distance from 52-week high | -38.00% | -50.42% |
| Analyst consensus | — | none |
| Avg. price target upside | — | +97.86% |
| Average volume | 600 | 1.37M |
| Shares outstanding | 15.33M | 34.38M |
| Employees | 19,337 | 10,020 |
| Sector | Technology | Technology |
| Industry | EDP Services | EDP Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FORTY has outperformed INOD by 11.1 percentage points over the past year.
- Innodata trades at a higher earnings multiple (48.1x vs 25.0x trailing P/E).
- Formula Systems (1985) offers a meaningfully higher dividend yield (2.26% vs 0.00%).
- Innodata is more profitable, keeping 12.8 cents of every revenue dollar as net income versus 2.9 cents for Formula Systems (1985).
- Innodata grew revenue faster in its latest fiscal year (+47.64% vs +5.21%).
About Formula Systems (1985)
FORTY stock →Formula Systems (1985) Ltd., through its subsidiaries, operates as an information technology company in Israel and internationally. The company offers software consulting services; IT solutions and software systems; proprietary software solutions; and IT professional services, including implementation and integration projects of computing and software, outsourcing, software project management and development, IT managed services, operation of a network of training and instruction centers, sale of software and hardware products, and software testing and QA.
Technology · EDP Services · 19,337 employees
About Innodata
INOD stock →Innodata Inc. operates as a data engineering company in the United States, the United Kingdom, the Netherlands, Canada, Germany, Belgium, and internationally.
Technology · EDP Services · 10,020 employees
FORTY vs INOD FAQ
Which is bigger, Formula Systems (1985) or Innodata?
Innodata (INOD) is larger, with a market capitalization of $2.13B compared with $1.81B for Formula Systems (1985) (FORTY).
Which stock has performed better over the past year, FORTY or INOD?
FORTY returned -21.23% over the past 12 months, compared with -32.37% for INOD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FORTY or INOD?
FORTY has the lower trailing P/E at 25.0, versus 48.1 for INOD. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Formula Systems (1985) or Innodata?
Formula Systems (1985) pays a dividend yielding 2.26%, while Innodata does not currently pay a regular dividend.
Are Formula Systems (1985) and Innodata in the same industry?
Yes. Both are classified in the EDP Services industry within the Technology sector.