Fortinet, Inc. (FTNT)
NASDAQ: FTNT · IEX Real-Time Price · USD
59.32
+1.32 (2.28%)
At close: May 31, 2024, 4:00 PM
59.53
+0.21 (0.35%)
After-hours: May 31, 2024, 7:58 PM EDT
Fortinet Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Quarter Ending | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | +44 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 | 2,266 | 2,163 | 2,053 | 1,959 | 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% | 20.37% | 19.94% | 20.06% | 20.57% | 20.63% | 19.86% | 19.99% | 20.08% | 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 | 1,744 | 1,657 | 1,559 | 1,477 | 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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| Other Operating Expenses | -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 | 0 | 0 | 0 | Upgrade
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| Operating Expenses | 2,873 | 2,827 | 2,741 | 2,628 | 2,494 | 2,363 | 2,255 | 2,144 | 2,027 | 1,909 | 1,800 | 1,695 | 1,592 | 1,493 | 1,437 | 1,375 | 1,329 | 1,306 | 1,244 | 1,200 | Upgrade
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| Operating Income | 1,289 | 1,241 | 1,214 | 1,176 | 1,092 | 969.6 | 826.7 | 727.6 | 679.8 | 650.4 | 604.9 | 565.4 | 536.7 | 531.8 | 484.5 | 458.2 | 414.6 | 351 | 314.9 | 277.1 | Upgrade
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| Interest Expense / Income | 21.1 | 21 | 20.1 | 19.2 | 18.5 | 18 | 18 | 18.1 | 18.1 | 14.9 | 10.4 | 5.8 | 1.3 | 0 | -9.2 | -9.2 | -9.2 | 0 | 0 | 0 | Upgrade
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| Other Expense / Income | -93.7 | -71.5 | -15.1 | 11.8 | 46.8 | 63.5 | 40.9 | 46.8 | 29.9 | 14.6 | 4.6 | -4.9 | -7.8 | -9.9 | -7.7 | -11.6 | -17.3 | -35 | -32.7 | -35.1 | Upgrade
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| Pretax Income | 1,361 | 1,292 | 1,209 | 1,145 | 1,027 | 888.1 | 767.8 | 662.7 | 631.8 | 620.9 | 589.9 | 564.5 | 543.2 | 541.7 | 501.4 | 479 | 441.1 | 386 | 347.6 | 312.2 | Upgrade
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| Income Tax | 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 | 65.4 | 54.3 | -49.4 | -63.3 | 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 | 375.7 | 331.7 | 397 | 375.5 | 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% | 30.72% | 47.27% | 15.87% | 11.00% | 6.70% | -0.96% | 229.19% | 323.81% | Upgrade
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| Shares Outstanding (Basic) | 762 | 779 | 781 | 785 | 783 | 791 | 786 | 795 | 803 | 816 | 818 | 817 | 815 | 821 | 811 | 808 | 853 | 855 | 857 | 856 | Upgrade
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| Shares Outstanding (Diluted) | 771 | 788 | 791 | 796 | 793 | 805 | 799 | 810 | 821 | 835 | 839 | 835 | 832 | 838 | 828 | 827 | 871 | 875 | 874 | 876 | Upgrade
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| Shares Change | -2.89% | -2.12% | -0.93% | -1.75% | -3.34% | -3.59% | -4.77% | -3.03% | -1.35% | -0.36% | 1.28% | 1.02% | -4.48% | -4.19% | -5.26% | -5.54% | -0.34% | 0.46% | -0.51% | 0.92% | Upgrade
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| EPS (Basic) | 1.54 | 1.47 | 1.47 | 1.35 | 1.23 | 1.08 | 0.92 | 0.83 | 0.78 | 0.74 | 0.69 | 0.64 | 0.61 | 0.60 | 0.55 | 0.49 | 0.44 | 0.39 | 0.47 | 0.44 | Upgrade
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| EPS (Diluted) | 1.54 | 1.46 | 1.44 | 1.32 | 1.20 | 1.06 | 0.91 | 0.81 | 0.76 | 0.73 | 0.65 | 0.61 | 0.59 | 0.58 | 0.54 | 0.49 | 0.43 | 0.38 | 0.46 | 0.43 | Upgrade
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| EPS Growth | 28.33% | 37.74% | 58.24% | 62.96% | 57.89% | 45.21% | 39.57% | 32.35% | 28.81% | 25.86% | 19.85% | 25.93% | 36.57% | 52.63% | 19.30% | 13.02% | 7.46% | -1.04% | 230.43% | 321.57% | 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 | 2.22 | 2.22 | 2.64 | 2.52 | 2.33 | 1.83 | 1.49 | 1.39 | 1.51 | 1.48 | 1.53 | 1.36 | 1.14 | 1.17 | 1.03 | 1.06 | 0.96 | 0.84 | 0.86 | 0.81 | 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% | 76.98% | 76.61% | 75.94% | 75.42% | Upgrade
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| Operating Margin | 23.89% | 23.40% | 23.46% | 23.57% | 23.11% | 21.95% | 20.17% | 19.07% | 18.95% | 19.46% | 19.35% | 19.43% | 19.68% | 20.50% | 19.66% | 19.40% | 18.30% | 16.23% | 15.34% | 14.15% | 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% | 18.67% | 17.65% | 16.58% | 15.34% | 19.34% | 19.17% | 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% | 36.04% | 33.09% | 36.11% | 35.54% | Upgrade
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| Effective Tax Rate | 11.90% | 11.13% | 4.78% | 7.46% | 5.86% | 3.47% | 3.30% | -1.71% | -0.98% | 2.27% | 6.00% | 8.80% | 9.59% | 9.82% | 8.26% | 12.99% | 14.83% | 14.07% | -14.21% | -20.28% | Upgrade
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| EBITDA | 1,497 | 1,426 | 1,339 | 1,273 | 1,152 | 1,010 | 888.1 | 779.6 | 742.5 | 720.2 | 676.1 | 639.9 | 613 | 610.5 | 560 | 535.9 | 495.4 | 447.6 | 408.2 | 372 | Upgrade
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| EBITDA Margin | 27.74% | 26.88% | 25.89% | 25.52% | 24.37% | 22.87% | 21.67% | 20.43% | 20.70% | 21.55% | 21.62% | 21.99% | 22.48% | 23.53% | 22.72% | 22.69% | 21.87% | 20.69% | 19.89% | 18.99% | Upgrade
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| Depreciation & Amortization | 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 | 1,383 | 1,313 | 1,229 | 1,164 | 1,045 | 906.1 | 785.8 | 680.8 | 649.9 | 635.8 | 600.3 | 570.3 | 544.5 | 541.7 | 492.2 | 469.8 | 431.9 | 386 | 347.6 | 312.2 | Upgrade
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| EBIT Margin | 25.62% | 24.74% | 23.75% | 23.34% | 22.12% | 20.51% | 19.18% | 17.84% | 18.12% | 19.02% | 19.20% | 19.59% | 19.97% | 20.88% | 19.97% | 19.89% | 19.06% | 17.85% | 16.93% | 15.94% | Upgrade
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