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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
139.10
-34.98 (-20.09%)
At close: Oct 29, 2026, 4:00 PM EDT
137.60
-1.50 (-1.08%)
After-hours: Oct 29, 2026, 7:48 PM EDT

Fortinet Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
Revenue
7,8817,5277,1106,8006,5556,3386,1425,9565,7115,5375,3965,3055,1734,9884,7254,4174,0983,8163,5873,342
Revenue Growth
20.23%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%
Gross Profit
6,2856,0375,7095,4715,3015,1524,9964,7984,5524,3244,1624,0683,9543,8043,5863,3333,0822,8722,7072,559
Operating Income
2,5942,4372,2052,0742,0231,9471,9261,7991,6101,4421,2841,2371,2091,1711,087965822.1723675.2645.8
Net Income
2,2822,1211,9551,8531,8741,9401,8791,7451,5301,3131,1991,1481,1511,059966.6857.3742.5674638606.8
Earnings Per Share
3.062.832.582.422.432.512.432.261.991.691.541.461.441.331.201.060.910.820.770.73
EPS Growth
25.98%12.81%6.17%7.08%22.04%48.37%57.71%54.80%38.00%26.77%28.11%37.74%58.47%62.56%55.72%45.20%36.61%33.47%30.60%25.86%

Revenue by Segment
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
Product
2,8742,6692,4042,2182,1012,0161,9591,9091,8231,8151,8361,9271,9791,9821,9101,7811,6191,4881,3851,255
Security Subscription
2,8712,7892,7042,6332,5652,4892,4032,3172,2162,1152,0131,8981,7781,6531,5361,4271,3331,2501,1831,125
Technical Support & Other
2,1362,0702,0011,9481,8891,8331,7801,7301,6721,6081,5471,4791,4161,3531,2791,2101,1461,0781,019962.2
Revenue (Total)
7,8817,5277,1106,8006,5556,3386,1425,9565,7115,5375,3965,3055,1734,9884,7254,4174,0983,8163,5873,342

Cash & Debt
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
Cash & Investments
4,7994,0703,2953,5833,1234,5634,7814,0673,7013,3393,0232,4403,1693,3142,8792,2111,7301,7552,1422,552
Total Debt
497.1561.4567.21,0621,0891,0891,0771,0731,0771,0761,0831,0711,0561,0641,0711,086989.9989.4988.91,055
Net Cash (Debt)
4,3023,5082,7282,5212,0353,4743,7042,9932,6242,2631,9411,3692,1122,2491,8081,125740.5765.51,1531,497
Net Cash Growth
111.44%0.98%-26.36%-15.78%-22.46%53.52%90.88%118.63%24.21%0.62%7.32%21.70%185.27%193.82%56.86%-24.83%-63.88%-62.90%-39.12%-16.13%
Net Cash Per Share
5.794.693.613.302.644.494.793.883.402.922.481.742.662.832.261.400.910.931.381.79

Cash Flow & CapEx
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
Operating Cash Flow
3,6873,3962,8042,5912,4482,4012,2912,2581,9721,9152,0881,9362,2722,2042,0121,7311,5691,4851,5801,500
Capital Expenditures
-255.6-279.1-368.9-364.8-419.6-368.2-223.5-378.9-308.2-342-395.7-204.1-208.1-225.8-188.9-281.2-401.6-382.8-366.4-295.9
Free Cash Flow
3,4313,1172,4362,2262,0282,0332,0681,8791,6641,5731,6931,7312,0641,9781,8231,4491,1681,1021,2141,204
Free Cash Flow Growth
69.16%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%

Margins
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
Gross Margin
79.75%80.20%80.30%80.46%80.87%81.29%81.34%80.56%79.70%78.09%77.13%76.68%76.44%76.26%75.90%75.44%75.21%75.26%75.46%76.57%
Operating Margin
32.91%32.37%31.02%30.51%30.86%30.72%31.36%30.20%28.19%26.05%23.80%23.31%23.37%23.48%23.01%21.84%20.06%18.95%18.82%19.32%
Pretax Margin
35.32%34.85%34.03%33.72%34.40%35.99%36.15%34.07%31.91%27.52%25.23%24.35%23.36%22.94%21.72%20.09%18.71%17.36%17.61%18.57%
Profit Margin
28.96%28.17%27.49%27.26%28.58%30.60%30.60%29.30%26.79%23.71%22.23%21.64%22.25%21.24%20.46%19.41%18.12%17.66%17.79%18.16%
FCF Margin
43.54%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%38.59%32.81%28.49%28.89%33.83%36.02%

Valuation
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
PE Ratio
57.4753.0730.9431.8634.3941.7239.3941.4938.7735.0743.4639.1640.0556.0353.9144.5552.1867.3886.1496.84
Forward PE
50.9349.2027.4327.9732.4541.8338.9640.1137.1733.9940.0335.8937.3250.6547.0236.1741.5752.4968.9982.80
P/FCF Ratio
38.2236.1124.8326.5331.7639.8135.8038.5335.6529.2730.7925.9622.3330.0128.5826.3533.1841.2045.2948.81
PS Ratio
16.6414.958.518.699.8312.7712.0512.1610.398.329.668.478.9111.9011.038.659.4511.9015.3217.58