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    Fortinet, Inc.

    Overview

    Price

    Market Cap

    Sector

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly
    MetricQ2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Trend
    EarningsRevenue
    $1.43B
    $1.51B
    $1.66B
    $1.54B
    $1.63B
    +13.6%
    $1.72B
    +14.4%
    $1.91B
    +14.8%
    $1.85B
    +20.1%
    Strengthening
    Operating Profit
    $437.20M
    $470.90M
    $574.10M
    $453.80M
    $458.00M
    +4.8%
    $547.30M
    +16.2%
    $625.60M
    +9.0%
    $580.00M
    +27.8%
    Strengthening
    Net Profit
    $379.80M
    $539.90M
    $526.20M
    $433.40M
    $440.10M
    +15.9%
    $473.90M
    -12.2%
    $506.00M
    -3.8%
    $534.50M
    +23.3%
    Stable
    EPS
    $0.50
    $0.71
    $0.56
    $0.57
    +14.0%
    $0.63
    -11.3%
    $0.72
    +28.6%
    Strengthening
    Other Income
    Interest
    $5.00M
    $5.00M
    $4.90M
    $4.90M
    $4.60M
    -8.0%
    $6.20M
    +24.0%
    $4.40M
    -10.2%
    $4.20M
    -14.3%
    Stable
    Depreciation
    Profit before Tax
    $468.30M
    $626.40M
    $618.40M
    $519.30M
    $517.30M
    +10.5%
    $594.80M
    -5.0%
    $650.80M
    +5.2%
    $656.60M
    +26.4%
    Strengthening
    MarginsOPM
    30.5%
    31.2%
    34.6%
    29.5%
    28.1%
    -7.8%
    31.7%
    +1.6%
    32.8%
    -5.0%
    31.4%
    +6.4%
    Stable
    Tax
    16.3%
    13.0%
    14.0%
    18.6%
    14.9%
    -8.8%
    20.3%
    +56.6%
    22.3%
    +58.7%
    18.6%
    +0.0%
    Strengthening
    ReturnsROIC
    -48.6%
    -69.1%
    -67.3%
    -55.5%
    -56.3%
    -15.9%
    -60.7%
    +12.2%
    -64.8%
    +3.8%
    -68.4%
    -23.3%
    Stable

    Balance Sheet

    Balance Sheet

    USD · Annual
    Line itemFY18FY19FY20FY21FY22FY23FY24FY25TTM
    AssetsCash & Equivalents$1.11B$1.22B$1.06B$1.32B$1.68B$1.40B$2.88B$2.50B$2.22B
    Short-Term Investments
    Total Current Assets$2.22B$2.77B$2.74B$3.60B$3.81B$4.43B$5.97B$5.90B$5.33B
    Net PP&E$271.40M$388.60M$497.30M$752.70M$994.80M$1.12B$1.42B$1.68B$1.69B
    Goodwill$38.20M$67.20M$93.00M$125.10M$128.00M$126.50M$235.40M$257.40M$257.40M
    Intangibles$22.10M$31.10M$31.60M$63.60M$56.00M$35.30M$115.00M$97.30M$87.00M
    Total Assets$3.08B$3.88B$4.04B$5.92B$6.23B$7.26B$9.76B$10.39B$9.88B
    LiabilitiesTotal Current Liabilities$1.26B$1.46B$1.83B$2.32B$3.08B$3.72B$4.06B$5.03B$4.62B
    Short-Term Debt$0$0$499.70M$0
    Long-Term Debt$0$988.40M$990.40M$992.30M$994.30M$496.60M$496.80M
    Long-Term Leases$30.60M$34.00M$40.50M$62.50M$45.70M$46.40M$29.40M
    Total Liabilities$2.07B$2.54B$3.19B$5.12B$6.51B$7.72B$8.27B$9.15B$8.89B
    EquityCommon Stock & APIC$200.0K$200.0K$200.0K$800.0K$800.0K$800.0K$800.0K$700.0K$700.0K
    Retained Earnings-$57.50M$160.80M-$352.10M-$467.90M-$1.55B-$1.86B-$117.10M-$507.90M-$782.00M
    Total Equity$1.03B$1.34B$856.00M$781.70M-$281.60M-$463.40M$1.49B$1.24B$989.70M
    HighlightsNet Cash / (Debt)$1.06B$1.88B$1.50B$1.73B

    Cash Flow

    Cash Flow

    USD · Annual
    Line itemFY18FY19FY20FY21FY22FY23FY24FY25TTM
    ActivitiesCash from Operating$638.90M$808.00M$1.08B$1.50B$1.73B$1.94B$2.26B$2.59B$2.80B
    Cash from Investing-$134.90M-$502.30M-$72.80M-$1.33B$763.90M-$649.30M-$727.40M-$599.10M-$494.00M
    Cash from Financing-$202.60M-$195.60M-$1.17B$82.80M-$2.13B-$1.57B-$50.10M-$2.37B-$3.68B
    SummaryCapital Expenditure-$53.00M-$92.20M-$125.90M-$295.90M-$281.20M-$204.10M-$378.90M-$364.80M-$368.90M
    Free Cash Flow$585.90M$715.80M$957.80M$1.20B$1.45B$1.73B$1.88B$2.23B$2.44B
    FCF Margin32.5%33.1%36.9%36.0%32.8%32.6%31.6%32.7%34.3%