Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
97.19
+2.34 (2.47%)
At close: Dec 20, 2024, 4:00 PM
97.43
+0.24 (0.25%)
After-hours: Dec 20, 2024, 6:50 PM EST
Fortinet Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Revenue | 5,711 | 5,305 | 4,417 | 3,342 | 2,594 | 2,163 | Upgrade
|
| Revenue Growth (YoY) | 10.40% | 20.09% | 32.17% | 28.82% | 19.94% | 19.86% | Upgrade
|
| Cost of Revenue | 1,159 | 1,237 | 1,085 | 783 | 570 | 505.9 | Upgrade
|
| Gross Profit | 4,552 | 4,068 | 3,333 | 2,559 | 2,024 | 1,657 | Upgrade
|
| Selling, General & Admin | 2,264 | 2,217 | 1,855 | 1,489 | 1,191 | 1,029 | Upgrade
|
| Research & Development | 678.2 | 613.8 | 512.4 | 424.2 | 341.4 | 277.1 | Upgrade
|
| Operating Expenses | 2,942 | 2,831 | 2,368 | 1,913 | 1,533 | 1,306 | Upgrade
|
| Operating Income | 1,610 | 1,237 | 965 | 645.8 | 491.6 | 351 | Upgrade
|
| Interest Expense | -20.5 | -21 | -18 | -14.9 | - | - | Upgrade
|
| Interest & Investment Income | 143.4 | 119.7 | 17.4 | 4.5 | 17.7 | 42.5 | Upgrade
|
| Earnings From Equity Investments | -33.4 | -42.1 | -68.1 | -7.6 | - | - | Upgrade
|
| Currency Exchange Gain (Loss) | -7 | -7 | -4.6 | -8.2 | -5.5 | -4.7 | Upgrade
|
| Other Non Operating Income (Expenses) | 6.3 | 5.3 | 4.2 | -3.4 | -2.3 | -2.8 | Upgrade
|
| EBT Excluding Unusual Items | 1,699 | 1,291 | 895.9 | 616.2 | 501.5 | 386 | Upgrade
|
| Gain (Loss) on Sale of Investments | 12.5 | -4.4 | -13.1 | - | - | - | Upgrade
|
| Gain (Loss) on Sale of Assets | 4.6 | 4.6 | 4.6 | 4.6 | 40.2 | - | Upgrade
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| Other Unusual Items | 106.3 | - | - | - | - | - | Upgrade
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| Pretax Income | 1,822 | 1,292 | 887.4 | 620.8 | 541.7 | 386 | Upgrade
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| Income Tax Expense | 292.4 | 143.8 | 30.8 | 14.1 | 53.2 | 54.3 | Upgrade
|
| Earnings From Continuing Operations | 1,530 | 1,148 | 856.6 | 606.7 | 488.5 | 331.7 | Upgrade
|
| Minority Interest in Earnings | - | - | 0.7 | 0.1 | - | - | Upgrade
|
| Net Income | 1,530 | 1,148 | 857.3 | 606.8 | 488.5 | 331.7 | Upgrade
|
| Net Income to Common | 1,530 | 1,148 | 857.3 | 606.8 | 488.5 | 331.7 | Upgrade
|
| Net Income Growth | 32.95% | 33.89% | 41.28% | 24.22% | 47.27% | -0.96% | Upgrade
|
| Shares Outstanding (Basic) | 764 | 779 | 791 | 816 | 821 | 855 | Upgrade
|
| Shares Outstanding (Diluted) | 771 | 788 | 805 | 835 | 838 | 875 | Upgrade
|
| Shares Change (YoY) | -2.76% | -2.12% | -3.59% | -0.36% | -4.19% | 0.46% | Upgrade
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| EPS (Basic) | 2.00 | 1.47 | 1.08 | 0.74 | 0.60 | 0.39 | Upgrade
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| EPS (Diluted) | 1.99 | 1.46 | 1.06 | 0.73 | 0.58 | 0.38 | Upgrade
|
| EPS Growth | 38.00% | 37.74% | 45.21% | 25.86% | 52.63% | -1.04% | Upgrade
|
| Free Cash Flow | 1,664 | 1,731 | 1,449 | 1,204 | 957.8 | 715.8 | Upgrade
|
| Free Cash Flow Per Share | 2.16 | 2.20 | 1.80 | 1.44 | 1.14 | 0.82 | Upgrade
|
| Gross Margin | 79.71% | 76.68% | 75.44% | 76.57% | 78.03% | 76.61% | Upgrade
|
| Operating Margin | 28.19% | 23.31% | 21.85% | 19.32% | 18.95% | 16.23% | Upgrade
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| Profit Margin | 26.79% | 21.64% | 19.41% | 18.16% | 18.83% | 15.34% | Upgrade
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| Free Cash Flow Margin | 29.14% | 32.64% | 32.81% | 36.02% | 36.92% | 33.09% | Upgrade
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| EBITDA | 1,728 | 1,350 | 1,069 | 730.2 | 560.4 | 412.6 | Upgrade
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| EBITDA Margin | 30.26% | 25.45% | 24.21% | 21.85% | 21.60% | 19.08% | Upgrade
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| D&A For EBITDA | 117.8 | 113.4 | 104.3 | 84.4 | 68.8 | 61.6 | Upgrade
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| EBIT | 1,610 | 1,237 | 965 | 645.8 | 491.6 | 351 | Upgrade
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| EBIT Margin | 28.19% | 23.31% | 21.85% | 19.32% | 18.95% | 16.23% | Upgrade
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| Effective Tax Rate | 16.05% | 11.13% | 3.47% | 2.27% | 9.82% | 14.07% | Upgrade
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| Revenue as Reported | 5,711 | 5,305 | 4,417 | 3,342 | 2,594 | 2,163 | Upgrade
|
Source: S&P Capital IQ. Standard template. Financial Sources.