Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
159.64
-0.47 (-0.29%)
Aug 7, 2026, 4:00 PM EDT - Market closed
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 | 2,442 | 2,085 | 1,803 | 1,241 | 969.6 | 650.4 |
Net Income Net Income Growth | 2,121 | 1,853 | 1,745 | 1,148 | 856.6 | 606.7 |
Earnings Per Share EPS Growth | 2.84 | 2.42 | 2.26 | 1.46 | 1.06 | 0.73 |
EPS Growth | 13.15% | 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 | 496.9 | 996.3 | 994.3 | 992.3 | 990.4 | 988.4 |
Net Cash (Debt) Net Cash Growth | 3,573 | 2,586 | 3,072 | 1,448 | 1,221 | 1,563 |
Net Cash Growth | 0.14% | -15.82% | 112.15% | 18.64% | -21.92% | -14.91% |
Net Cash Per Share Net Cash Per Share Growth | 4.78 | 3.38 | 3.98 | 1.84 | 1.52 | 1.87 |
| 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 | 32.44% | 30.66% | 30.28% | 23.40% | 21.95% | 19.46% |
Pretax Margin | 34.84% | 33.56% | 34.56% | 25.14% | 21.63% | 18.80% |
Profit Margin | 28.16% | 27.11% | 29.80% | 22.43% | 20.93% | 18.38% |
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 | Aug '26 Aug 10, 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 | 56.41 | 32.81 | 41.81 | 40.09 | 46.12 | 98.47 |
Forward PE | 45.55 | 27.97 | 40.11 | 35.89 | 36.17 | 82.80 |
P/FCF Ratio | 37.58 | 26.51 | 38.56 | 25.73 | 26.36 | 48.37 |
PS Ratio | 15.56 | 8.68 | 12.17 | 8.40 | 8.65 | 17.42 |