Fortinet, Inc. (TSX:FTNT)
Canada flag Canada · Delayed Price · Currency is CAD
22.21
+0.48 (2.21%)
Oct 21, 2026, 3:17 PM EDT

Fortinet Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
7,5276,8005,9565,3054,4173,342
Revenue Growth
18.77%14.17%12.27%20.09%32.17%28.82%
Gross Profit
6,0375,4714,7984,0683,3332,559
Operating Income
2,4372,0741,7991,237965645.8
Net Income
2,1211,8531,7451,148857.3606.8
Earnings Per Share
2.832.422.261.461.060.73
EPS Growth
12.81%7.08%54.80%37.74%45.20%25.86%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Product
2,6692,2181,9091,9271,7811,255
Security Subscription
2,7892,6332,3171,8981,4271,125
Technical Support & Other
2,0701,9481,7301,4791,210962.2
Revenue (Total)
7,5276,8005,9565,3054,4173,342

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
4,0703,5834,0672,4402,2112,552
Total Debt
561.41,0621,0731,0711,0861,055
Net Cash (Debt)
3,5082,5212,9931,3691,1251,497
Net Cash Growth
0.98%-15.78%118.63%21.70%-24.83%-16.13%
Net Cash Per Share
4.693.303.881.741.401.79

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
3,3962,5912,2581,9361,7311,500
Capital Expenditures
-279.1-364.8-378.9-204.1-281.2-295.9
Free Cash Flow
3,1172,2261,8791,7311,4491,204
Free Cash Flow Growth
53.34%18.44%8.54%19.46%20.40%25.68%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
80.20%80.46%80.56%76.68%75.44%76.57%
Operating Margin
32.37%30.51%30.20%23.31%21.84%19.32%
Pretax Margin
34.85%33.72%34.07%24.35%20.09%18.57%
Profit Margin
28.17%27.26%29.30%21.64%19.41%18.16%
FCF Margin
41.41%32.73%31.55%32.64%32.81%36.02%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
58.5031.8641.4939.1644.5596.84
P/FCF Ratio
39.8026.5338.5325.9626.3548.81
PS Ratio
16.488.6912.168.478.6517.58