Fortinet, Inc. (FTNT)
NASDAQ: FTNT · IEX Real-Time Price · USD
61.43
+0.19 (0.31%)
At close: May 17, 2024, 4:00 PM
61.35
-0.08 (-0.13%)
Pre-market: May 20, 2024, 4:46 AM EDT

Fortinet Income Statement

Millions USD. Fiscal year is Jan - Dec.
Year 20232022202120202019 2018 - 2006
Revenue
5,3054,4173,3422,5942,163
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Revenue Growth (YoY)
20.09%32.17%28.82%19.94%19.86%
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Cost of Revenue
1,2371,085783570505.9
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Gross Profit
4,0683,3332,5592,0241,657
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Selling, General & Admin
2,2171,8551,4891,1911,029
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Research & Development
613.8512.4424.2341.4277.1
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Other Operating Expenses
-4.6-4.6-4.6-40.20
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Operating Expenses
2,8272,3631,9091,4931,306
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Operating Income
1,241969.6650.4531.8351
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Interest Expense / Income
211814.900
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Other Expense / Income
-71.563.514.6-9.9-35
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Pretax Income
1,292888.1620.9541.7386
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Income Tax
143.830.814.153.254.3
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Net Income
1,148857.3606.8488.5331.7
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Net Income Growth
33.89%41.28%24.22%47.27%-0.96%
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Shares Outstanding (Basic)
779791816821855
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Shares Outstanding (Diluted)
788805835838875
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Shares Change
-2.12%-3.59%-0.36%-4.19%0.46%
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EPS (Basic)
1.471.080.740.600.39
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EPS (Diluted)
1.461.060.730.580.38
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EPS Growth
37.74%45.21%25.86%52.63%-1.04%
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Free Cash Flow
1,7311,4491,204957.8715.8
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Free Cash Flow Per Share
2.221.831.481.170.84
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Gross Margin
76.68%75.44%76.57%78.03%76.61%
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Operating Margin
23.40%21.95%19.46%20.50%16.23%
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Profit Margin
21.64%19.41%18.16%18.83%15.34%
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Free Cash Flow Margin
32.64%32.81%36.02%36.92%33.09%
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Effective Tax Rate
11.13%3.47%2.27%9.82%14.07%
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EBITDA
1,4261,010720.2610.5447.6
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EBITDA Margin
26.88%22.87%21.55%23.53%20.69%
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Depreciation & Amortization
113.4104.384.468.861.6
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EBIT
1,313906.1635.8541.7386
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EBIT Margin
24.74%20.51%19.02%20.88%17.85%
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Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).