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

Millions USD. Fiscal year is Jan - Dec.
Period Ending
Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019 +24 Quarters
Revenue
5,3965,3055,1734,9884,7254,4174,0983,8163,5873,3423,1272,9112,7272,5942,4652,3622,2682,1632,0521,958
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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%
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Cost of Revenue
1,2341,2371,2191,1841,1391,0851,016944.1880.2783721.7649.7597.9570543.5528.4521.6505.9493.9481.4
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Gross Profit
4,1624,0683,9543,8043,5863,3333,0822,8722,7072,5592,4052,2612,1292,0241,9211,8331,7471,6571,5581,476
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Selling, General & Admin
2,2422,2172,1552,0651,9601,8551,7641,6791,5791,4891,4041,3171,2391,1911,1521,1091,0771,029972.6939.9
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Research & Development
635.7613.8590.2567.6538.6512.4496.1469.6451.9424.2400.6382.8358.3341.4323.6303.5288.8277.1271.4260.2
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Operating Expenses
2,8772,8312,7452,6332,4992,3682,2602,1492,0311,9131,8051,7001,5971,5331,4761,4131,3661,3061,2441,200
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Operating Income
1,2841,2371,2091,1711,087965822.1723675.2645.8600.3560.8532.2491.6445.5420.3380.3351314276.2
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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-------
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Interest & Investment Income
131.3119.798.365.936.717.49.35.94.74.55.56.89.617.725.634.541.542.541.937.4
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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---------
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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
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Other Non Operating Income (Expenses)
0.15.36.37.59.74.2-1.3-0.40.8-3.41.52.83.7-2.3--0.9-2.2-2.82.83.7
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EBT Excluding Unusual Items
1,3611,2911,2111,1421,029895.9776.2678638.3616.2588.6559.1538.7501.5466.4449.2414.9386350.5309.1
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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--3.20.8---4-8.1-8.1--3.82.2
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Gain (Loss) on Sale of Assets
4.54.64.64.64.74.64.64.64.64.64.64.64.540.23937.936.8---
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Pretax Income
1,3611,2921,2091,1441,026887.4766.9662.4631.6620.8590564.5543.2541.7501.4479443.6386346.7311.3
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Income Tax Expense
162143.857.885.460.230.825.3-11.3-6.214.135.449.752.153.241.462.266.154.3-49.4-63.3
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Earnings From Continuing Operations
1,1991,1481,1511,059966856.6741.6673.7637.8606.7554.6514.8491.1488.5460416.8377.5331.7396.1374.6
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Minority Interest in Earnings
---0.50.60.70.90.30.20.1-0.1---------
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Net Income
1,1991,1481,1511,059966.6857.3742.5674638606.8554.5514.8491.1488.5460416.8377.5331.7396.1374.6
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Net Income to Common
1,1991,1481,1511,059966.6857.3742.5674638606.8554.5514.8491.1488.5460416.8377.5331.7396.1374.6
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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%
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Shares Outstanding (Basic)
773779782784786791800808813816815814812821832844856855854852
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Shares Outstanding (Diluted)
782788793795798805816826833835834831829838851862874875876877
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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%
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EPS (Basic)
1.551.471.471.351.231.080.930.830.780.740.680.630.610.600.550.490.440.390.460.44
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EPS (Diluted)
1.541.461.441.331.201.060.910.820.770.730.670.610.590.580.540.490.430.380.450.43
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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%
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Free Cash Flow
1,6931,7312,0641,9781,8231,4491,1681,1021,2141,2041,2531,108929.8957.8836.8854.8816.5715.8741.2696
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Free Cash Flow Per Share
2.162.202.602.492.281.801.431.331.461.441.501.331.121.140.980.990.930.820.850.79
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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%
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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%
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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%
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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%
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EBITDA
1,3991,3501,3191,2801,1941,069924.4821.8767.8730.2676.1630.4600.7560.4513.3486.4443.8412.6374.6336
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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%
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D&A For EBITDA
114.5113.4110.5108.6106.3104.3102.398.892.684.475.869.668.568.867.866.163.561.660.659.8
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EBIT
1,2841,2371,2091,1711,087965822.1723675.2645.8600.3560.8532.2491.6445.5420.3380.3351314276.2
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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%
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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%--
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Revenue as Reported
5,3965,3055,1734,9884,7254,4174,0983,8163,5873,3423,1272,9112,7272,5942,4652,3622,2682,1632,0521,958
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Source: S&P Capital IQ. Standard template.