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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
153.22
+3.24 (2.16%)
At close: Jul 29, 2026, 4:00 PM EDT
169.75
+16.53 (10.79%)
Pre-market: Jul 30, 2026, 9:14 AM EDT

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
7,5277,1106,8006,5556,3386,1425,9565,7115,5375,3965,3055,1734,9884,7254,4174,0983,8163,5873,3423,127
Revenue Growth
18.77%15.75%14.17%14.78%14.46%13.83%12.27%10.40%11.02%14.20%20.09%26.22%30.71%31.73%32.17%31.07%31.10%31.52%28.82%26.86%
Gross Profit
6,0375,7095,4715,3015,1524,9964,7984,5524,3244,1624,0683,9543,8043,5863,3333,0822,8722,7072,5592,405
Operating Income
2,4422,2112,0852,0331,9571,9361,8031,6151,4471,2891,2411,2141,1761,092969.6826.7727.6679.8650.4604.9
Net Income
2,1211,9551,8531,8741,9401,8791,7451,5301,3131,1991,1481,1511,059966856.6741.6673.7637.8606.7554.6
Earnings Per Share
2.842.592.422.432.512.432.261.981.691.531.461.451.331.211.060.910.810.760.730.66
EPS Growth
13.15%6.58%7.08%22.73%48.52%58.82%54.80%36.55%27.07%26.45%37.74%59.34%64.20%59.21%45.20%38.72%31.49%27.95%25.86%21.03%

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
2,6692,4042,2182,1012,0161,9591,9091,8231,8151,8361,9271,9791,9821,9101,7811,6191,4881,3851,2551,165
Security Subscription
2,7892,7042,6332,5652,4892,4032,3172,2162,1152,0131,8981,7781,6531,5361,4271,3331,2501,1831,1251,065
Technical Support & Other
2,0702,0011,9481,8891,8331,7801,7301,6721,6081,5471,4791,4161,3531,2791,2101,1461,0781,019962.2897.2
Revenue (Total)
7,5277,1106,8006,5556,3386,1425,9565,7115,5375,3965,3055,1734,9884,7254,4174,0983,8163,5873,3423,127

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
496.9496.8996.3995.9995.3994.9994.3993.8993.3992.8992.3991.8991.3990.9990.4989.9989.4988.9988.41,006
Net Cash (Debt)
3,5732,7982,5862,1283,5683,7863,0722,7072,3462,0301,4482,1772,3221,8881,221740.5765.51,1531,5632,115
Net Cash Growth
0.14%-26.09%-15.82%-21.40%52.07%86.45%112.15%24.34%1.03%7.53%18.64%193.99%203.36%63.81%-21.92%-65.00%-63.99%-40.88%-14.91%27.69%
Net Cash Per Share
4.783.703.382.764.614.893.983.513.022.591.842.752.922.361.520.910.931.381.872.54

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
3,3962,8042,5912,4482,4012,2912,2581,9721,9152,0881,9362,2722,2042,0121,7311,5691,4851,5801,5001,429
Capital Expenditures
-279.1-368.9-364.8-419.6-368.2-223.5-378.9-308.2-342-395.7-204.1-208.1-225.8-188.9-281.2-401.6-382.8-366.4-295.9-176.9
Free Cash Flow
3,1172,4362,2262,0282,0332,0681,8791,6641,5731,6931,7312,0641,9781,8231,4491,1681,1021,2141,2041,253
Free Cash Flow Growth
53.34%17.80%18.44%21.90%29.20%22.14%8.54%-19.37%-20.46%-7.15%19.46%76.74%79.43%50.23%20.40%-6.77%-0.55%30.51%25.68%49.68%

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
80.20%80.30%80.46%80.87%81.29%81.34%80.56%79.71%78.09%77.13%76.68%76.44%76.26%75.90%75.44%75.21%75.26%75.46%76.57%76.92%
Operating Margin
32.44%31.10%30.66%31.02%30.87%31.52%30.28%28.27%26.13%23.89%23.40%23.46%23.57%23.11%21.95%20.17%19.07%18.95%19.46%19.35%
Pretax Margin
34.84%34.03%33.56%34.32%36.00%36.35%34.56%32.49%28.12%25.72%25.14%24.87%24.52%23.45%21.63%19.39%17.99%18.06%18.80%18.96%
Profit Margin
28.16%27.50%27.11%28.51%30.61%30.80%29.80%27.37%24.31%22.72%22.43%23.75%22.81%22.17%20.93%18.77%18.29%18.23%18.38%17.74%
FCF Margin
41.41%34.26%32.73%30.95%32.07%33.66%31.55%29.14%28.41%31.37%32.64%39.90%39.66%38.58%32.81%28.49%28.89%33.83%36.02%40.06%

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
54.0931.5532.8134.6042.1239.6141.8139.1735.6644.6540.0940.4756.8354.9346.1253.9969.8589.9398.4789.04
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
36.1124.6326.5130.7939.8235.8138.5635.6929.2830.8025.7322.0730.0228.5926.3632.8240.4745.1348.3738.09
PS Ratio
14.958.448.689.5312.7712.0512.1710.408.329.668.408.8111.9111.038.659.3511.6915.2717.4215.26