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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
178.72
-0.04 (-0.02%)
At close: Oct 1, 2026, 4:00 PM EDT
178.81
+0.09 (0.05%)
After-hours: Oct 1, 2026, 6:27 PM EDT

Fortinet Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 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
Chart
Fiscal YearTTMFY 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
Chart
Fiscal YearCurrentFY 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
Chart
Fiscal YearTTMFY 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
Chart
Fiscal YearTTMFY 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
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
63.1731.8641.4939.1644.5596.84
Forward PE
50.9327.9740.1135.8936.1782.80
P/FCF Ratio
41.9726.5338.5325.9626.3548.81
PS Ratio
17.388.6912.168.478.6517.58