FORVIS MAZARS SAS : revenue, balance sheet and financial ratios

FORVIS MAZARS SAS is a French company founded 36 years ago, specialized in the sector Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.. Based in LEVALLOIS-PERRET (92300), this company of category ETI shows in 2025 a revenue of 154.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - FORVIS MAZARS SAS (SIREN 377505565)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 154 904 476 € 153 422 893 € 138 875 005 € 108 104 429 € 86 452 049 € 74 190 799 € 80 559 254 € 64 370 387 € 51 079 454 € 34 225 664 €
Net income 4 498 698 € 4 922 762 € 5 853 953 € 3 089 843 € 7 855 977 € 4 157 159 € 4 451 838 € 5 666 767 € 6 877 572 € 4 976 155 €
EBITDA 3 379 420 € 4 838 691 € 6 184 019 € 6 482 509 € 13 537 649 € 2 909 400 € 4 695 976 € 3 736 163 € 7 775 709 € 7 575 110 €
Net margin 2.9% 3.2% 4.2% 2.9% 9.1% 5.6% 5.5% 8.8% 13.5% 14.5%

Revenue and income statement

In 2025, FORVIS MAZARS SAS achieves revenue of 154.9 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +18.3%. Vs 2024: +1%. After deducting consumption (0 €), gross margin stands at 154.9 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.4 M€, representing 2.2% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4.5 M€, i.e. 2.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

154 904 476 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

154 904 476 €

EBITDA (2025) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

3 379 420 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

2 104 112 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

4 498 698 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.2%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 2%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

1.953%

Financial autonomy (2025) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

20.721%

Cash flow / Revenue (2025) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

3.659%

Repayment capacity (2025) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.055

Asset age ratio (2025) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

3.0%

Solvency indicators evolution
FORVIS MAZARS SAS

Sector positioning

Debt ratio
1.95 2025
2023
2024
2025
Q1: 0.0
Med: 8.03
Q3: 41.44
Good -44 pts over 3 years

In 2025, the debt ratio of FORVIS MAZARS SAS (1.95) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
20.72% 2025
2023
2024
2025
Q1: 9.85%
Med: 55.26%
Q3: 81.62%
Average

In 2025, the financial autonomy of FORVIS MAZARS SAS (20.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.06 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.06 years
Q3: 1.93 years
Good -25 pts over 3 years

In 2025, the repayment capacity of FORVIS MAZARS SAS (0.06) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 89.92. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 20.1x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2025) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

89.924

Interest coverage (2025) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

20.067

Liquidity indicators evolution
FORVIS MAZARS SAS

Sector positioning

Liquidity ratio
89.92 2025
2023
2024
2025
Q1: 162.43
Med: 377.84
Q3: 1101.21
Watch -9 pts over 3 years

In 2025, the liquidity ratio of FORVIS MAZARS SAS (89.92) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
20.07x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.0x
Q3: 2.54x
Excellent

In 2025, the interest coverage of FORVIS MAZARS SAS (20.1x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 63 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. The company must finance 30 days of gap between collections and payments. Inventory turnover is 41 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 2 days of revenue, i.e. 900 k€ to permanently finance.

Operating WCR (2025) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

899 995 €

Customer credit (2025) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

63 j

Supplier credit (2025) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

33 j

Inventory turnover (2025) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

41 j

WCR in days of revenue (2025) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

2 j

WCR and payment terms evolution
FORVIS MAZARS SAS

Positioning of FORVIS MAZARS SAS in its sector

Comparison with sector Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.

Valuation estimate

Based on 103 transactions of similar company sales (all years), the value of FORVIS MAZARS SAS is estimated at 21 489 816 € (range 10 560 234€ - 55 423 307€). With an EBITDA of 3 379 420€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.30x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.

Estimated enterprise value 2025
103 transactions
10560k€ 21489k€ 55423k€
21 489 816 € Range: 10 560 234€ - 55 423 307€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
3 379 420 € × 2.5x
Estimation 8 611 554 €
3 834 787€ - 16 932 659€
Revenue Multiple 30%
154 904 476 € × 0.30x
Estimation 47 244 174 €
25 133 077€ - 130 723 156€
Net Income Multiple 20%
4 498 698 € × 3.3x
Estimation 15 053 934 €
5 514 591€ - 38 700 156€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 103 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.)

Compare FORVIS MAZARS SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.

Frequently asked questions about FORVIS MAZARS SAS

What is the revenue of FORVIS MAZARS SAS ?

The revenue of FORVIS MAZARS SAS in 2025 is 154.9 M€.

Is FORVIS MAZARS SAS profitable?

Yes, FORVIS MAZARS SAS generated a net profit of 4.5 M€ in 2025.

Where is the headquarters of FORVIS MAZARS SAS ?

The headquarters of FORVIS MAZARS SAS is located in LEVALLOIS-PERRET (92300), in the department Hauts-de-Seine.

Where to find the tax return of FORVIS MAZARS SAS ?

The tax return of FORVIS MAZARS SAS is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does FORVIS MAZARS SAS operate?

FORVIS MAZARS SAS operates in the sector Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a. (NAF code 66.19B). See the 'Sector positioning' section above to compare the company with its competitors.