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Side-by-side financial comparison of FORMULA SYSTEMS (1985) LTD (FORTY) and ICAHN ENTERPRISES L.P. (IEP), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Formula Systems (1985) Ltd. is a publicly traded holding company headquartered in Or Yehuda, Israel. Through its subsidiaries it operates mainly in the area of information technology. Shares of Formula Systems are traded on the NASDAQ Global Select Market and on the Tel Aviv Stock Exchange. In 2010 Polish software maker Asseco acquired a 50.2% stake in the company.
Icahn Enterprises L.P. is an American publicly traded master limited partnership and conglomerate headquartered at Milton Tower in Sunny Isles Beach, Florida. The company has investments in various industries including energy, automotive, food packaging, metals, real estate and home fashion. The company is controlled by Carl Icahn, who owns 86 percent of it.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.5B |
| Q4 25 | — | $1.0M | ||
| Q3 25 | — | $287.0M | ||
| Q2 25 | — | $-165.0M | ||
| Q1 25 | — | $-422.0M | ||
| Q4 24 | — | $-98.0M | ||
| Q3 24 | — | $22.0M | ||
| Q2 24 | — | $-331.0M | ||
| Q1 24 | — | $-38.0M |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | -10.4% | ||
| Q1 25 | — | -35.0% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | -21.9% | ||
| Q1 24 | — | -0.8% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | -22.6% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | -15.0% | ||
| Q1 24 | — | -1.5% |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
