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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
170.10
-1.40 (-0.82%)
Oct 20, 2026, 9:37 AM EDT - Market open

Fortinet Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
2,0481,8501,9051,7251,6301,5401,6601,5081,4341,3531,4151,3351,2931,2621,2831,1501,030954.8963.6867.2
Revenue Growth
25.64%20.13%14.75%14.38%13.64%13.77%17.31%13.00%10.95%7.21%10.30%16.10%25.50%32.21%33.15%32.55%28.59%34.42%28.82%33.19%
Gross Profit
1,6431,4851,5161,3931,3151,2471,3461,2451,1591,0491,0991,017997954.5985.7866.5779.3701735.3656
Operating Income
688578.6624.2545.9456.7447.5572.9469.8436320.1384.2302.1277.9272.3356.6264.4194.1149.9213.7165.3
Net Income
606.3534.5506473.9440.1433.4526.2539.9379.8299.3310.9322.9266.3247.7313.8231.6173.5138.4199163.1
Earnings Per Share
0.820.720.670.620.570.560.680.700.490.390.410.410.330.310.390.290.210.170.240.19
EPS Growth
43.86%28.57%-1.12%-11.43%16.33%43.59%67.14%70.73%48.48%25.81%3.47%41.38%57.14%82.35%63.67%52.63%31.25%32.81%35.90%26.67%

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Product
773645.1691.1559.3508.9459.1574473.9451.9408.9488.1465.9472.6500.7540.1468.7400.7371378.9337.1
Security Subscription
729.7694693.7672644.4623.1625.3595.8558.7536.9524.5494.6457.3421.7403.9369.8340.4312.9309.4287.4
Technical Support & Other
545.2510.5520.2493.6476.7457.5460.8438.4423.7407.5402.5374.1362.9339.9339311289270.9275.3242.7
Revenue (Total)
2,0481,8501,9051,7251,6301,5401,6601,5081,4341,3531,4151,3351,2931,2621,2831,1501,030954.8963.6867.2

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
4,0703,2953,5833,1234,5634,7814,0673,7013,3393,0232,4403,1693,3142,8792,2111,7301,7552,1422,5523,121
Total Debt
561.4567.21,0621,0891,0891,0771,0731,0771,0761,0831,0711,0561,0641,0711,086989.9989.4988.91,0551,071
Net Cash (Debt)
3,5082,7282,5212,0353,4743,7042,9932,6242,2631,9411,3692,1122,2491,8081,125740.5765.51,1531,4972,050
Net Cash Growth
0.98%-26.36%-15.78%-22.46%53.52%90.88%118.63%24.21%0.62%7.32%21.70%185.27%193.82%56.86%-24.83%-63.88%-62.90%-39.12%-16.13%27.44%
Net Cash Per Share
4.743.673.372.674.504.773.863.402.942.521.772.672.832.281.420.930.941.401.792.44

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
1,0441,077620.2655.2451.9863.3477.6608.1342830.4191.7551.2515.1677.5528.1483323.4396.1366.8398.8
Capital Expenditures
-78-70.6-42.8-87.7-167.8-66.5-97.6-36.3-23.1-221.9-26.9-70.1-76.8-30.3-30.9-87.8-39.9-122.6-151.3-69
Free Cash Flow
965.61,007577.4567.5284.1796.8380571.8318.9608.5164.8481.1438.3647.2497.2395.2283.5273.5215.5329.8
Free Cash Flow Growth
239.88%26.32%51.95%-0.75%-10.91%30.95%130.58%18.85%-27.24%-5.98%-66.85%21.74%54.60%136.64%130.72%19.83%-28.17%3.68%-18.43%77.60%

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
80.24%80.29%79.57%80.77%80.68%80.96%81.05%82.53%80.83%77.48%77.68%76.20%77.12%75.62%76.83%75.38%75.65%73.42%76.31%75.65%
Operating Margin
33.60%31.28%32.77%31.65%28.02%29.06%34.51%31.15%30.40%23.65%27.15%22.64%21.50%21.57%27.79%23.00%18.84%15.70%22.18%19.06%
Pretax Margin
35.22%35.49%34.16%34.47%31.73%34.42%36.92%41.18%31.81%25.04%28.70%24.17%22.73%21.31%25.18%22.48%17.07%13.64%21.01%17.75%
Profit Margin
29.61%28.90%26.56%27.47%27.00%28.15%31.70%35.80%26.48%22.12%21.97%24.20%20.60%19.62%24.46%20.15%16.84%14.49%20.65%18.81%
FCF Margin
47.15%54.42%30.31%32.90%17.43%51.75%22.89%37.91%22.23%44.96%11.65%36.05%33.90%51.27%38.75%34.38%27.52%28.64%22.36%38.03%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
53.0730.9431.8634.3941.7239.3941.4938.7735.0743.4639.1640.0556.0353.9144.5552.1867.3886.1496.8486.02
Forward PE
49.2027.4327.9732.4541.8338.9640.1137.1733.9940.0335.8937.3250.6547.0236.1741.5752.4968.9982.8071.27
P/FCF Ratio
36.1124.8326.5331.7639.8135.8038.5335.6529.2730.7925.9622.3330.0128.5826.3533.1841.2045.2948.8138.08
PS Ratio
14.958.518.699.8312.7712.0512.1610.398.329.668.478.9111.9011.038.659.4511.9015.3217.5815.26