Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
156.40
-2.45 (-1.54%)
Sep 11, 2026, 11:44 AM EDT - Market open
Fortinet Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 7,527 | 6,800 | 5,956 | 5,305 | 4,417 | 3,342 |
Revenue Growth | 18.77% | 14.17% | 12.27% | 20.09% | 32.17% | 28.82% |
Gross Profit Gross Profit Growth | 6,037 | 5,471 | 4,798 | 4,068 | 3,333 | 2,559 |
Operating Income Operating Income Growth | 2,437 | 2,074 | 1,799 | 1,237 | 965 | 645.8 |
Net Income Net Income Growth | 2,121 | 1,853 | 1,745 | 1,148 | 857.3 | 606.8 |
Earnings Per Share EPS Growth | 2.83 | 2.42 | 2.26 | 1.46 | 1.06 | 0.73 |
EPS Growth | 12.81% | 7.08% | 54.80% | 37.74% | 45.20% | 25.86% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Product Product Growth | 2,669 | 2,218 | 1,909 | 1,927 | 1,781 | 1,255 |
Security Subscription Security Subscription Growth | 2,789 | 2,633 | 2,317 | 1,898 | 1,427 | 1,125 |
Technical Support & Other Technical Support & Other Growth | 2,070 | 1,948 | 1,730 | 1,479 | 1,210 | 962.2 |
Revenue (Total) Revenue (Total) Growth | 7,527 | 6,800 | 5,956 | 5,305 | 4,417 | 3,342 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 4,070 | 3,583 | 4,067 | 2,440 | 2,211 | 2,552 |
Total Debt Total Debt Growth | 561.4 | 1,062 | 1,073 | 1,071 | 1,086 | 1,055 |
Net Cash (Debt) Net Cash Growth | 3,508 | 2,521 | 2,993 | 1,369 | 1,125 | 1,497 |
Net Cash Growth | 0.98% | -15.78% | 118.63% | 21.70% | -24.83% | -16.13% |
Net Cash Per Share Net Cash Per Share Growth | 4.69 | 3.30 | 3.88 | 1.74 | 1.40 | 1.79 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 3,396 | 2,591 | 2,258 | 1,936 | 1,731 | 1,500 |
Capital Expenditures CapEx Growth | -279.1 | -364.8 | -378.9 | -204.1 | -281.2 | -295.9 |
Free Cash Flow Free Cash Flow Growth | 3,117 | 2,226 | 1,879 | 1,731 | 1,449 | 1,204 |
Free Cash Flow Growth | 53.34% | 18.44% | 8.54% | 19.46% | 20.40% | 25.68% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
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% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 11, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 56.13 | 31.86 | 41.49 | 39.16 | 44.55 | 96.84 |
Forward PE | 45.26 | 27.97 | 40.11 | 35.89 | 36.17 | 82.80 |
P/FCF Ratio | 37.39 | 26.53 | 38.53 | 25.96 | 26.35 | 48.81 |
PS Ratio | 15.48 | 8.69 | 12.16 | 8.47 | 8.65 | 17.58 |