Fortinet, Inc. (FTNT)
NASDAQ: FTNT · IEX Real-Time Price · USD
57.00
-0.31 (-0.54%)
At close: Jul 26, 2024, 4:00 PM
57.14
+0.14 (0.25%)
After-hours: Jul 26, 2024, 7:12 PM EDT
Fortinet Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Period Ending | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | +24 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,396 | 5,305 | 5,173 | 4,988 | 4,725 | 4,417 | 4,098 | 3,816 | 3,587 | 3,342 | 3,127 | 2,911 | 2,727 | 2,594 | 2,465 | 2,362 | 2,268 | 2,163 | 2,052 | 1,958 | Upgrade
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| Revenue Growth (YoY) | 14.20% | 20.09% | 26.22% | 30.71% | 31.73% | 32.17% | 31.07% | 31.10% | 31.53% | 28.82% | 26.87% | 23.25% | 20.23% | 19.94% | 20.11% | 20.63% | 20.98% | 19.86% | 19.94% | 20.02% | Upgrade
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| Cost of Revenue | 1,234 | 1,237 | 1,219 | 1,184 | 1,139 | 1,085 | 1,016 | 944.1 | 880.2 | 783 | 721.7 | 649.7 | 597.9 | 570 | 543.5 | 528.4 | 521.6 | 505.9 | 493.9 | 481.4 | Upgrade
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| Gross Profit | 4,162 | 4,068 | 3,954 | 3,804 | 3,586 | 3,333 | 3,082 | 2,872 | 2,707 | 2,559 | 2,405 | 2,261 | 2,129 | 2,024 | 1,921 | 1,833 | 1,747 | 1,657 | 1,558 | 1,476 | Upgrade
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| Selling, General & Admin | 2,242 | 2,217 | 2,155 | 2,065 | 1,960 | 1,855 | 1,764 | 1,679 | 1,579 | 1,489 | 1,404 | 1,317 | 1,239 | 1,191 | 1,152 | 1,109 | 1,077 | 1,029 | 972.6 | 939.9 | Upgrade
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| Research & Development | 635.7 | 613.8 | 590.2 | 567.6 | 538.6 | 512.4 | 496.1 | 469.6 | 451.9 | 424.2 | 400.6 | 382.8 | 358.3 | 341.4 | 323.6 | 303.5 | 288.8 | 277.1 | 271.4 | 260.2 | Upgrade
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| Operating Expenses | 2,877 | 2,831 | 2,745 | 2,633 | 2,499 | 2,368 | 2,260 | 2,149 | 2,031 | 1,913 | 1,805 | 1,700 | 1,597 | 1,533 | 1,476 | 1,413 | 1,366 | 1,306 | 1,244 | 1,200 | Upgrade
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| Operating Income | 1,284 | 1,237 | 1,209 | 1,171 | 1,087 | 965 | 822.1 | 723 | 675.2 | 645.8 | 600.3 | 560.8 | 532.2 | 491.6 | 445.5 | 420.3 | 380.3 | 351 | 314 | 276.2 | Upgrade
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| Interest Expense | -21.1 | -21 | -20.1 | -19.2 | -18.5 | -18 | -18 | -18.1 | -18.1 | -14.9 | -10.4 | -5.8 | -1.3 | - | - | - | - | - | - | - | Upgrade
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| Interest & Investment Income | 131.3 | 119.7 | 98.3 | 65.9 | 36.7 | 17.4 | 9.3 | 5.9 | 4.7 | 4.5 | 5.5 | 6.8 | 9.6 | 17.7 | 25.6 | 34.5 | 41.5 | 42.5 | 41.9 | 37.4 | Upgrade
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| Earnings From Equity Investments | -26.6 | -42.1 | -77.8 | -78.9 | -81.7 | -68.1 | -27.7 | -24.2 | -16.1 | -7.6 | -2.8 | - | - | - | - | - | - | - | - | - | Upgrade
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| Currency Exchange Gain (Loss) | -7 | -7 | -4.6 | -4.6 | -4.6 | -4.6 | -8.2 | -8.2 | -8.2 | -8.2 | -5.5 | -5.5 | -5.5 | -5.5 | -4.7 | -4.7 | -4.7 | -4.7 | -8.2 | -8.2 | Upgrade
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| Other Non Operating Income (Expenses) | 0.1 | 5.3 | 6.3 | 7.5 | 9.7 | 4.2 | -1.3 | -0.4 | 0.8 | -3.4 | 1.5 | 2.8 | 3.7 | -2.3 | - | -0.9 | -2.2 | -2.8 | 2.8 | 3.7 | Upgrade
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| EBT Excluding Unusual Items | 1,361 | 1,291 | 1,211 | 1,142 | 1,029 | 895.9 | 776.2 | 678 | 638.3 | 616.2 | 588.6 | 559.1 | 538.7 | 501.5 | 466.4 | 449.2 | 414.9 | 386 | 350.5 | 309.1 | Upgrade
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| Gain (Loss) on Sale of Investments | -4.1 | -4.4 | -7.1 | -2.2 | -7.5 | -13.1 | -13.9 | -20.2 | -11.3 | - | -3.2 | 0.8 | - | - | -4 | -8.1 | -8.1 | - | -3.8 | 2.2 | Upgrade
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| Gain (Loss) on Sale of Assets | 4.5 | 4.6 | 4.6 | 4.6 | 4.7 | 4.6 | 4.6 | 4.6 | 4.6 | 4.6 | 4.6 | 4.6 | 4.5 | 40.2 | 39 | 37.9 | 36.8 | - | - | - | Upgrade
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| Pretax Income | 1,361 | 1,292 | 1,209 | 1,144 | 1,026 | 887.4 | 766.9 | 662.4 | 631.6 | 620.8 | 590 | 564.5 | 543.2 | 541.7 | 501.4 | 479 | 443.6 | 386 | 346.7 | 311.3 | Upgrade
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| Income Tax Expense | 162 | 143.8 | 57.8 | 85.4 | 60.2 | 30.8 | 25.3 | -11.3 | -6.2 | 14.1 | 35.4 | 49.7 | 52.1 | 53.2 | 41.4 | 62.2 | 66.1 | 54.3 | -49.4 | -63.3 | Upgrade
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| Earnings From Continuing Operations | 1,199 | 1,148 | 1,151 | 1,059 | 966 | 856.6 | 741.6 | 673.7 | 637.8 | 606.7 | 554.6 | 514.8 | 491.1 | 488.5 | 460 | 416.8 | 377.5 | 331.7 | 396.1 | 374.6 | Upgrade
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| Minority Interest in Earnings | - | - | - | 0.5 | 0.6 | 0.7 | 0.9 | 0.3 | 0.2 | 0.1 | -0.1 | - | - | - | - | - | - | - | - | - | Upgrade
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| Net Income | 1,199 | 1,148 | 1,151 | 1,059 | 966.6 | 857.3 | 742.5 | 674 | 638 | 606.8 | 554.5 | 514.8 | 491.1 | 488.5 | 460 | 416.8 | 377.5 | 331.7 | 396.1 | 374.6 | Upgrade
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| Net Income to Common | 1,199 | 1,148 | 1,151 | 1,059 | 966.6 | 857.3 | 742.5 | 674 | 638 | 606.8 | 554.5 | 514.8 | 491.1 | 488.5 | 460 | 416.8 | 377.5 | 331.7 | 396.1 | 374.6 | Upgrade
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| Net Income Growth | 24.08% | 33.89% | 54.98% | 57.18% | 51.50% | 41.28% | 33.90% | 30.92% | 29.91% | 24.22% | 20.54% | 23.51% | 30.09% | 47.27% | 16.13% | 11.27% | 8.04% | -0.96% | 228.44% | 322.80% | Upgrade
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| Shares Outstanding (Basic) | 773 | 779 | 782 | 784 | 786 | 791 | 800 | 808 | 813 | 816 | 815 | 814 | 812 | 821 | 832 | 844 | 856 | 855 | 854 | 852 | Upgrade
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| Shares Outstanding (Diluted) | 782 | 788 | 793 | 795 | 798 | 805 | 816 | 826 | 833 | 835 | 834 | 831 | 829 | 838 | 851 | 862 | 874 | 875 | 876 | 877 | Upgrade
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| Shares Change (YoY) | -2.00% | -2.12% | -2.82% | -3.78% | -4.09% | -3.59% | -2.09% | -0.57% | 0.45% | -0.36% | -2.01% | -3.63% | -5.20% | -4.19% | -2.84% | -1.68% | -0.06% | 0.46% | 0.56% | 0.27% | Upgrade
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| EPS (Basic) | 1.55 | 1.47 | 1.47 | 1.35 | 1.23 | 1.08 | 0.93 | 0.83 | 0.78 | 0.74 | 0.68 | 0.63 | 0.61 | 0.60 | 0.55 | 0.49 | 0.44 | 0.39 | 0.46 | 0.44 | Upgrade
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| EPS (Diluted) | 1.54 | 1.46 | 1.44 | 1.33 | 1.20 | 1.06 | 0.91 | 0.82 | 0.77 | 0.73 | 0.67 | 0.61 | 0.59 | 0.58 | 0.54 | 0.49 | 0.43 | 0.38 | 0.45 | 0.43 | Upgrade
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| EPS Growth | 28.11% | 37.74% | 58.47% | 62.56% | 55.72% | 45.21% | 36.61% | 33.47% | 30.60% | 25.86% | 22.97% | 26.61% | 36.89% | 52.63% | 19.59% | 13.77% | 7.66% | -1.04% | 227.18% | 316.87% | Upgrade
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| Free Cash Flow | 1,693 | 1,731 | 2,064 | 1,978 | 1,823 | 1,449 | 1,168 | 1,102 | 1,214 | 1,204 | 1,253 | 1,108 | 929.8 | 957.8 | 836.8 | 854.8 | 816.5 | 715.8 | 741.2 | 696 | Upgrade
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| Free Cash Flow Per Share | 2.16 | 2.20 | 2.60 | 2.49 | 2.28 | 1.80 | 1.43 | 1.33 | 1.46 | 1.44 | 1.50 | 1.33 | 1.12 | 1.14 | 0.98 | 0.99 | 0.93 | 0.82 | 0.85 | 0.79 | Upgrade
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| Gross Margin | 77.13% | 76.68% | 76.44% | 76.26% | 75.90% | 75.44% | 75.21% | 75.26% | 75.46% | 76.57% | 76.92% | 77.68% | 78.07% | 78.03% | 77.95% | 77.62% | 77.00% | 76.61% | 75.93% | 75.41% | Upgrade
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| Operating Margin | 23.80% | 23.31% | 23.37% | 23.48% | 23.01% | 21.85% | 20.06% | 18.95% | 18.83% | 19.32% | 19.20% | 19.27% | 19.52% | 18.95% | 18.08% | 17.80% | 16.77% | 16.23% | 15.30% | 14.11% | Upgrade
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| Profit Margin | 22.23% | 21.64% | 22.25% | 21.24% | 20.46% | 19.41% | 18.12% | 17.66% | 17.79% | 18.16% | 17.73% | 17.69% | 18.01% | 18.83% | 18.66% | 17.65% | 16.64% | 15.34% | 19.30% | 19.13% | Upgrade
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| Free Cash Flow Margin | 31.37% | 32.64% | 39.90% | 39.66% | 38.58% | 32.81% | 28.49% | 28.89% | 33.83% | 36.02% | 40.06% | 38.08% | 34.10% | 36.92% | 33.95% | 36.20% | 36.00% | 33.09% | 36.12% | 35.55% | Upgrade
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| EBITDA | 1,399 | 1,350 | 1,319 | 1,280 | 1,194 | 1,069 | 924.4 | 821.8 | 767.8 | 730.2 | 676.1 | 630.4 | 600.7 | 560.4 | 513.3 | 486.4 | 443.8 | 412.6 | 374.6 | 336 | Upgrade
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| EBITDA Margin | 25.92% | 25.45% | 25.51% | 25.66% | 25.26% | 24.21% | 22.56% | 21.54% | 21.41% | 21.85% | 21.62% | 21.66% | 22.03% | 21.60% | 20.83% | 20.60% | 19.57% | 19.08% | 18.26% | 17.16% | Upgrade
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| D&A For EBITDA | 114.5 | 113.4 | 110.5 | 108.6 | 106.3 | 104.3 | 102.3 | 98.8 | 92.6 | 84.4 | 75.8 | 69.6 | 68.5 | 68.8 | 67.8 | 66.1 | 63.5 | 61.6 | 60.6 | 59.8 | Upgrade
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| EBIT | 1,284 | 1,237 | 1,209 | 1,171 | 1,087 | 965 | 822.1 | 723 | 675.2 | 645.8 | 600.3 | 560.8 | 532.2 | 491.6 | 445.5 | 420.3 | 380.3 | 351 | 314 | 276.2 | Upgrade
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| EBIT Margin | 23.80% | 23.31% | 23.37% | 23.48% | 23.01% | 21.85% | 20.06% | 18.95% | 18.83% | 19.32% | 19.20% | 19.27% | 19.52% | 18.95% | 18.08% | 17.80% | 16.77% | 16.23% | 15.30% | 14.11% | Upgrade
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| Effective Tax Rate | 11.90% | 11.13% | 4.78% | 7.46% | 5.87% | 3.47% | 3.30% | - | - | 2.27% | 6.00% | 8.80% | 9.59% | 9.82% | 8.26% | 12.99% | 14.90% | 14.07% | - | - | Upgrade
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| Revenue as Reported | 5,396 | 5,305 | 5,173 | 4,988 | 4,725 | 4,417 | 4,098 | 3,816 | 3,587 | 3,342 | 3,127 | 2,911 | 2,727 | 2,594 | 2,465 | 2,362 | 2,268 | 2,163 | 2,052 | 1,958 | Upgrade
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Source: S&P Capital IQ. Standard template.