Fortinet, Inc. (FTNT)
NASDAQ: FTNT · IEX Real-Time Price · USD
61.43
+0.19 (0.31%)
At close: May 17, 2024, 4:00 PM
61.49
+0.06 (0.10%)
After-hours: May 17, 2024, 7:56 PM EDT

Fortinet Income Statement

Millions USD. Fiscal year is Jan - Dec.
Quarter Ending 2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-30 +24 Quarters
Revenue
5,3965,3055,1734,9884,7254,4174,0983,8163,5873,3423,1272,9112,7272,5942,4652,3622,2662,1632,0531,9591,8781,8051,7111,6311,5531,4951,4411,3841,3311,2751,2091,1531,0811,009936.71869.99814.3770.36723.75685.1
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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%20.92%20.72%18.72%17.89%16.66%17.21%19.18%20.04%23.17%26.37%29.08%32.48%32.75%31.01%29.43%26.99%25.58%25.20%22.85%20.05%
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Cost of Revenue
1,2341,2371,2191,1841,1391,0851,016944.1880.2783721.7649.7597.9570543.5528.4521.6505.9493.9481.4466.2450.4427.3409.3391.9385.3370.75361.95350.76337.8328.92315.82300.82286.78270.43255.61243.87231.01219.26206.31
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Gross Profit
4,1624,0683,9543,8043,5863,3333,0822,8722,7072,5592,4052,2612,1292,0241,9211,8331,7441,6571,5591,4771,4121,3541,2841,2221,1611,1101,0701,022980.67937.6880.22836.74780.14722.49666.28614.38570.43539.36504.48478.79
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Selling, General & Admin
2,2422,2172,1552,0651,9601,8551,7641,6791,5791,4891,4041,3171,2391,1911,1521,1091,0771,029972.6939.9905.4875.3861.7834.3806.2788.9754.94738.38735.06707.6684.41649.79594.86541.89490.06438.07393.39357.15322.9298.75
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Research & Development
635.7613.8590.2567.6538.6512.4496.1469.6451.9424.2400.6382.8358.3341.4323.6303.5288.8277.1271.4260.2254244.5233.7228.5218.5210.6201.51195.24189.55183.1180.31175.18167.07158.13148.41137.09129.64122.88117.53113.16
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Other Operating Expenses
-4.5-4.6-4.6-4.6-4.7-4.6-4.6-4.6-4.6-4.6-4.6-4.6-4.5-40.2-39-37.9-36.80000000-0.10.31.143.424.0744.888.487.937.65.8800000
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Operating Expenses
2,8732,8272,7412,6282,4942,3632,2552,1442,0271,9091,8001,6951,5921,4931,4371,3751,3291,3061,2441,2001,1591,1201,0951,0631,025999.8957.58937.04928.68894.7869.6833.45769.85707.61644.36575.16523.03480.03440.43411.91
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Operating Income
1,2891,2411,2141,1761,092969.6826.7727.6679.8650.4604.9565.4536.7531.8484.5458.2414.6351314.9277.1252.6234.4188.1159136.8109.8112.7584.5451.9942.910.623.2910.2914.8821.9339.2247.4159.3264.0566.88
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Interest Expense / Income
21.12120.119.218.5181818.118.114.910.45.81.30-9.2-9.2-9.200000000000000000000000
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Other Expense / Income
-93.7-71.5-15.111.846.863.540.946.829.914.64.6-4.9-7.8-9.9-7.7-11.6-17.3-35-32.7-35.1-25.3-19.9-15.7-12.2-15.8-14.2-9.71-6.51-2.47-0.2-2.06-1.64-1.82-2.13-2.16-1.82-2.03-2.23-2.92-2.72
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Pretax Income
1,3611,2921,2091,1451,027888.1767.8662.7631.8620.9589.9564.5543.2541.7501.4479441.1386347.6312.2277.9254.3203.8171.2152.6124122.4691.0554.4643.112.684.9312.117.0124.0941.0349.4361.5566.9769.6
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Income Tax
162143.857.885.460.230.825.3-11.3-6.214.135.449.752.153.241.462.265.454.3-49.4-63.3-74.2-80.683.282.690.392.636.8825.8813.6810.98.19-1.443.569.026.7527.8130.9236.2136.4332.08
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Net Income
1,1991,1481,1511,059966.6857.3742.5674638606.8554.5514.8491.1488.5460416.8375.7331.7397375.5352.1334.9120.688.662.331.485.5865.1740.7832.24.496.378.557.9917.3313.2218.5125.3430.5537.52
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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%465.17%966.56%40.92%35.95%52.76%-2.48%1807.27%923.88%377.26%303.16%-74.11%-51.86%-53.84%-68.48%-43.25%-64.76%-54.20%-42.76%-43.19%-37.41%
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Shares Outstanding (Basic)
762779781785783791786795803816818817815821811808853855857856851846849843839872878879873863867860859852858850840819821816
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Shares Outstanding (Diluted)
771788791796793805799810821835839835832838828827871875874876874871879868859891895899892882890860872881889881869846849842
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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%1.75%-2.19%-1.84%-3.45%-3.65%1.02%0.60%4.43%2.22%0.09%0.02%-2.36%0.40%4.05%4.81%4.69%3.33%0.66%0.63%0.18%
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EPS (Basic)
1.541.471.471.351.231.080.920.830.780.740.690.640.610.600.550.490.440.390.470.440.420.400.150.110.070.040.100.080.050.040.010.010.010.010.020.010.020.030.040.05
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EPS (Diluted)
1.541.461.441.321.201.060.910.810.760.730.650.610.590.580.540.490.430.380.460.430.400.380.140.100.070.040.100.070.050.040.010.010.010.010.020.010.020.030.040.05
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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%458.33%966.67%43.75%37.84%56.52%0%1500.00%825.00%360.00%260.00%-70.00%-42.86%-54.55%-66.67%-44.44%-69.57%-54.17%-42.31%-43.75%-34.29%
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Free Cash Flow
1,6931,7312,0641,9781,8231,4491,1681,1021,2141,2041,2531,108929.8957.8836.8854.8816.5715.8741.2696648.9585.9561.1543.3471459.1399.45328.97324.07278.5254.57236.09256.13245.19214.95213.94174.49164.39173.94145.42
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Free Cash Flow Per Share
2.222.222.642.522.331.831.491.391.511.481.531.361.141.171.031.060.960.840.860.810.760.690.660.640.560.530.460.370.370.320.290.270.300.290.250.250.210.200.210.18
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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%75.18%75.04%75.02%74.91%74.77%74.23%74.27%73.84%73.66%73.51%72.80%72.60%72.17%71.59%71.13%70.62%70.05%70.01%69.70%69.89%
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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%13.45%12.99%10.99%9.75%8.81%7.34%7.82%6.11%3.90%3.36%0.88%0.29%0.95%1.47%2.34%4.51%5.82%7.70%8.85%9.76%
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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%18.75%18.56%7.05%5.43%4.01%2.10%5.94%4.71%3.06%2.52%0.37%0.55%0.79%0.79%1.85%1.52%2.27%3.29%4.22%5.48%
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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%34.55%32.47%32.80%33.31%30.32%30.71%27.72%23.78%24.34%21.84%21.05%20.48%23.69%24.29%22.95%24.59%21.43%21.34%24.03%21.23%
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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%-26.70%-31.69%40.82%48.25%59.17%74.68%30.12%28.42%25.11%25.29%64.61%-29.16%29.40%53.03%28.04%67.78%62.56%58.82%54.39%46.09%
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EBITDA
1,4971,4261,3391,2731,1521,010888.1779.6742.5720.2676.1639.9613610.5560535.9495.4447.6408.2372336.1310259.1226207.8179.5177.26145.21105.9191.656.9644.9847.8948.5951.865.5373.3983.5887.688.81
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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%17.89%17.18%15.14%13.86%13.38%12.01%12.30%10.50%7.95%7.18%4.71%3.90%4.43%4.81%5.53%7.53%9.01%10.85%12.10%12.96%
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Depreciation & Amortization
114.5113.4110.5108.6106.3104.3102.398.892.684.475.869.668.568.867.866.163.561.660.659.858.255.755.354.855.255.554.854.1651.4548.544.2840.0535.7931.5927.7224.523.9622.0320.6319.22
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EBIT
1,3831,3131,2291,1641,045906.1785.8680.8649.9635.8600.3570.3544.5541.7492.2469.8431.9386347.6312.2277.9254.3203.8171.2152.6124122.4691.0554.4643.112.684.9312.117.0124.0941.0349.4361.5566.9769.6
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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%14.80%14.09%11.91%10.50%9.82%8.29%8.50%6.58%4.09%3.38%1.05%0.43%1.12%1.68%2.57%4.72%6.07%7.99%9.25%10.16%
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Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).