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Fortinet

NASDAQ: FTNT · USD

Fortinet financials

6 charts

Revenue

USD millions

$2,047.9M
Fortinet Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2011 Q2$103.023M; Change unavailable vs FY 2011 Q1
FY 2011 Q3$116.426M; +13.0% vs FY 2011 Q2
FY 2011 Q4$120.861M; +3.8% vs FY 2011 Q3
FY 2012 Q1$117.247M; −3.0% vs FY 2011 Q4
FY 2012 Q2$128.962M; +10.0% vs FY 2012 Q1
FY 2012 Q3$136.268M; +5.7% vs FY 2012 Q2
FY 2012 Q4$151.162M; +10.9% vs FY 2012 Q3
FY 2013 Q1$135.82M; −10.1% vs FY 2012 Q4
FY 2013 Q2$147.428M; +8.5% vs FY 2013 Q1
FY 2013 Q3$154.699M; +4.9% vs FY 2013 Q2
FY 2013 Q4$177.35M; +14.6% vs FY 2013 Q3
FY 2014 Q1$168.949M; −4.7% vs FY 2013 Q4
FY 2014 Q2$184.098M; +9.0% vs FY 2014 Q1
FY 2014 Q3$193.348M; +5.0% vs FY 2014 Q2
FY 2014 Q4$223.969M; +15.8% vs FY 2014 Q3
FY 2015 Q1$212.886M; −4.9% vs FY 2014 Q4
FY 2015 Q2$239.785M; +12.6% vs FY 2015 Q1
FY 2015 Q3$260.068M; +8.5% vs FY 2015 Q2
FY 2015 Q4$296.529M; +14.0% vs FY 2015 Q3
FY 2016 Q1$284.576M; −4.0% vs FY 2015 Q4
FY 2016 Q2$311.391M; +9.4% vs FY 2016 Q1
FY 2016 Q3$316.646M; +1.7% vs FY 2016 Q2
FY 2016 Q4$362.83M; +14.6% vs FY 2016 Q3
FY 2017 Q1$340.576M; −6.1% vs FY 2016 Q4
FY 2017 Q2$363.469M; +6.7% vs FY 2017 Q1
FY 2017 Q3$374.217M; +3.0% vs FY 2017 Q2
FY 2017 Q4$416.668M; +11.3% vs FY 2017 Q3
FY 2018 Q1$399M; −4.2% vs FY 2017 Q4
FY 2018 Q2$441.3M; +10.6% vs FY 2018 Q1
FY 2018 Q3$453.9M; +2.9% vs FY 2018 Q2
FY 2018 Q4$507M; +11.7% vs FY 2018 Q3
FY 2019 Q1$472.6M; −6.8% vs FY 2018 Q4
FY 2019 Q2$521.7M; +10.4% vs FY 2019 Q1
FY 2019 Q3$547.5M; +4.9% vs FY 2019 Q2
FY 2019 Q4$614.4M; +12.2% vs FY 2019 Q3
FY 2020 Q1$576.9M; −6.1% vs FY 2019 Q4
FY 2020 Q2$615.5M; +6.7% vs FY 2020 Q1
FY 2020 Q3$651.1M; +5.8% vs FY 2020 Q2
FY 2020 Q4$748M; +14.9% vs FY 2020 Q3
FY 2021 Q1$710.3M; −5.0% vs FY 2020 Q4
FY 2021 Q2$801.1M; +12.8% vs FY 2021 Q1
FY 2021 Q3$867.2M; +8.3% vs FY 2021 Q2
FY 2021 Q4$963.6M; +11.1% vs FY 2021 Q3
FY 2022 Q1$954.8M; −0.9% vs FY 2021 Q4
FY 2022 Q2$1,030.1M; +7.9% vs FY 2022 Q1
FY 2022 Q3$1,149.5M; +11.6% vs FY 2022 Q2
FY 2022 Q4$1,283M; +11.6% vs FY 2022 Q3
FY 2023 Q1$1,262.3M; −1.6% vs FY 2022 Q4
FY 2023 Q2$1,292.8M; +2.4% vs FY 2023 Q1
FY 2023 Q3$1,334.6M; +3.2% vs FY 2023 Q2
FY 2023 Q4$1,415.1M; +6.0% vs FY 2023 Q3
FY 2024 Q1$1,353.3M; −4.4% vs FY 2023 Q4
FY 2024 Q2$1,434.3M; +6.0% vs FY 2024 Q1
FY 2024 Q3$1,508.1M; +5.1% vs FY 2024 Q2
FY 2024 Q4$1,660.1M; +10.1% vs FY 2024 Q3
FY 2025 Q1$1,539.7M; −7.3% vs FY 2024 Q4
FY 2025 Q2$1,630M; +5.9% vs FY 2025 Q1
FY 2025 Q3$1,724.9M; +5.8% vs FY 2025 Q2
FY 2025 Q4$1,905M; +10.4% vs FY 2025 Q3
FY 2026 Q1$1,849.6M; −2.9% vs FY 2025 Q4
FY 2026 Q2$2,047.9M; +10.7% vs FY 2026 Q1
Jun 30, 2011 through Sep 25, 2026

Free cash flow

USD millions

$965.6M
Fortinet Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2011 Q2$33.312M; Change unavailable vs FY 2011 Q1
FY 2011 Q3$34.704M; +4.2% vs FY 2011 Q2
FY 2011 Q4$21.72M; −37.4% vs FY 2011 Q3
FY 2012 Q1$46.894M; +115.9% vs FY 2011 Q4
FY 2012 Q2$42.054M; −10.3% vs FY 2012 Q1
FY 2012 Q3$24.342M; −42.1% vs FY 2012 Q2
FY 2012 Q4$48.493M; +99.2% vs FY 2012 Q3
FY 2013 Q1$36.577M; −24.6% vs FY 2012 Q4
FY 2013 Q2$35.186M; −3.8% vs FY 2013 Q1
FY 2013 Q3$22.224M; −36.8% vs FY 2013 Q2
FY 2013 Q4$39.52M; +77.8% vs FY 2013 Q3
FY 2014 Q1$49.584M; +25.5% vs FY 2013 Q4
FY 2014 Q2$34.094M; −31.2% vs FY 2014 Q1
FY 2014 Q3$50.738M; +48.8% vs FY 2014 Q2
FY 2014 Q4$29.969M; −40.9% vs FY 2014 Q3
FY 2015 Q1$59.692M; +99.2% vs FY 2014 Q4
FY 2015 Q2$73.544M; +23.2% vs FY 2015 Q1
FY 2015 Q3$51.74M; −29.6% vs FY 2015 Q2
FY 2015 Q4$60.213M; +16.4% vs FY 2015 Q3
FY 2016 Q1$70.635M; +17.3% vs FY 2015 Q4
FY 2016 Q2$53.498M; −24.3% vs FY 2016 Q1
FY 2016 Q3$70.219M; +31.3% vs FY 2016 Q2
FY 2016 Q4$84.174M; +19.9% vs FY 2016 Q3
FY 2017 Q1$116.223M; +38.1% vs FY 2016 Q4
FY 2017 Q2$58.409M; −49.7% vs FY 2017 Q1
FY 2017 Q3$140.59M; +140.7% vs FY 2017 Q2
FY 2017 Q4$143.871M; +2.3% vs FY 2017 Q3
FY 2018 Q1$128.1M; −11.0% vs FY 2017 Q4
FY 2018 Q2$130.7M; +2.0% vs FY 2018 Q1
FY 2018 Q3$158.5M; +21.3% vs FY 2018 Q2
FY 2018 Q4$168.6M; +6.4% vs FY 2018 Q3
FY 2019 Q1$191.1M; +13.3% vs FY 2018 Q4
FY 2019 Q2$177.8M; −7.0% vs FY 2019 Q1
FY 2019 Q3$203.7M; +14.6% vs FY 2019 Q2
FY 2019 Q4Unavailable; Change unavailable vs FY 2019 Q3
FY 2020 Q1$291.8M; Change unavailable vs FY 2019 Q4
FY 2020 Q2$216.1M; −25.9% vs FY 2020 Q1
FY 2020 Q3$185.7M; −14.1% vs FY 2020 Q2
FY 2020 Q4Unavailable; Change unavailable vs FY 2020 Q3
FY 2021 Q1$263.8M; Change unavailable vs FY 2020 Q4
FY 2021 Q2$394.7M; +49.6% vs FY 2021 Q1
FY 2021 Q3$329.8M; −16.4% vs FY 2021 Q2
FY 2021 Q4Unavailable; Change unavailable vs FY 2021 Q3
FY 2022 Q1$273.5M; Change unavailable vs FY 2021 Q4
FY 2022 Q2$283.5M; +3.7% vs FY 2022 Q1
FY 2022 Q3$395.2M; +39.4% vs FY 2022 Q2
FY 2022 Q4Unavailable; Change unavailable vs FY 2022 Q3
FY 2023 Q1$647.2M; Change unavailable vs FY 2022 Q4
FY 2023 Q2$438.3M; −32.3% vs FY 2023 Q1
FY 2023 Q3$481.1M; +9.8% vs FY 2023 Q2
FY 2023 Q4Unavailable; Change unavailable vs FY 2023 Q3
FY 2024 Q1$608.5M; Change unavailable vs FY 2023 Q4
FY 2024 Q2$318.9M; −47.6% vs FY 2024 Q1
FY 2024 Q3$571.8M; +79.3% vs FY 2024 Q2
FY 2024 Q4$380M; −33.5% vs FY 2024 Q3
FY 2025 Q1$796.8M; +109.7% vs FY 2024 Q4
FY 2025 Q2$284.1M; −64.3% vs FY 2025 Q1
FY 2025 Q3$567.5M; +99.8% vs FY 2025 Q2
FY 2025 Q4$577.4M; +1.7% vs FY 2025 Q3
FY 2026 Q1$1,006.5M; +74.3% vs FY 2025 Q4
FY 2026 Q2$965.6M; −4.1% vs FY 2026 Q1

Net margin

%

29.61%
Fortinet Net margin. Reported fiscal history.
Fiscal period%
FY 2011 Q214.07%
FY 2011 Q315.39%
FY 2011 Q413.65%
FY 2012 Q112.09%
FY 2012 Q210.82%
FY 2012 Q312.63%
FY 2012 Q414.23%
FY 2013 Q19.02%
FY 2013 Q26.09%
FY 2013 Q37.13%
FY 2013 Q46.78%
FY 2014 Q14.97%
FY 2014 Q23.3%
FY 2014 Q32.1%
FY 2014 Q43.04%
FY 2015 Q10.73%
FY 2015 Q20.33%
FY 2015 Q33.14%
FY 2015 Q4-0.85%
FY 2016 Q1-1.2%
FY 2016 Q2-0.45%
FY 2016 Q31.99%
FY 2016 Q46.94%
FY 2017 Q13.15%
FY 2017 Q26.34%
FY 2017 Q37.11%
FY 2017 Q4-6.95%
FY 2018 Q110.43%
FY 2018 Q211.17%
FY 2018 Q312.93%
FY 2018 Q436.02%
FY 2019 Q112.44%
FY 2019 Q213.94%
FY 2019 Q314.58%
FY 2019 Q418.75%
FY 2020 Q118.03%
FY 2020 Q218.21%
FY 2020 Q318.95%
FY 2020 Q419.61%
FY 2021 Q115.09%
FY 2021 Q217.16%
FY 2021 Q318.81%
FY 2021 Q420.65%
FY 2022 Q114.5%
FY 2022 Q216.84%
FY 2022 Q320.15%
FY 2022 Q424.46%
FY 2023 Q119.62%
FY 2023 Q220.6%
FY 2023 Q324.19%
FY 2023 Q421.97%
FY 2024 Q122.12%
FY 2024 Q226.48%
FY 2024 Q335.8%
FY 2024 Q431.7%
FY 2025 Q128.15%
FY 2025 Q227%
FY 2025 Q327.47%
FY 2025 Q426.56%
FY 2026 Q128.9%
FY 2026 Q229.61%

P/E

× · TTM · Daily

60.52×
Fortinet P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2014-03-3183.88×2013-12-31
2014-04-3083.69×2013-12-31
2014-05-3085.55×2013-12-31
2014-06-3095.68×2013-12-31
2014-07-3193.47×2013-12-31
2014-08-2998.27×2013-12-31
2014-09-3096.21×2013-12-31
2014-10-3199.18×2013-12-31
2014-11-28153.14×2014-09-30
2014-12-31170.36×2014-09-30
2015-01-30166.14×2014-09-30
2015-02-27186.75×2014-09-30
2015-03-31235.73×2014-12-31
2015-04-30254.55×2014-12-31
2015-05-29270.2×2014-12-31
2015-06-30278.76×2014-12-31
2015-07-31322×2014-12-31
2015-08-31284.23×2014-12-31
2015-09-30286.52×2014-12-31
2015-10-30231.75×2014-12-31
2015-11-30242.95×2014-12-31
2015-12-31210.23×2014-12-31
2016-01-29189.8×2014-12-31
2016-02-29628.2×2015-12-31
2016-03-31677.52×2015-12-31
2016-04-29719.11×2015-12-31
2016-05-31756.71×2015-12-31
2016-06-30698.76×2015-12-31
2016-07-29767.33×2015-12-31
2016-08-317,602.43×2016-06-30
2016-09-307,768.62×2016-06-30
2016-10-316,744.16×2016-06-30
2016-11-30—2016-09-30
2016-12-30—2016-09-30
2017-01-31—2016-09-30
2017-02-28—2016-09-30
2017-03-31211.14×2016-12-31
2017-04-28214.72×2016-12-31
2017-05-31171.96×2017-03-31
2017-06-30163.65×2017-03-31
2017-07-31161.34×2017-03-31
2017-08-31105.27×2017-06-30
2017-09-2998.77×2017-06-30
2017-10-31108.61×2017-06-30
2017-11-3088.02×2017-09-30
2017-12-2991.43×2017-09-30
2018-01-3196.34×2017-09-30
2018-02-28281.91×2017-12-31
2018-03-29299.28×2017-12-31
2018-04-30309.22×2017-12-31
2018-05-31341.73×2017-12-31
2018-06-29348.71×2017-12-31
2018-07-31351.39×2017-12-31
2018-08-31467.86×2017-12-31
2018-09-28515.39×2017-12-31
2018-10-31459.03×2017-12-31
2018-11-30412.45×2017-12-31
2018-12-31393.4×2017-12-31
2019-01-31427.7×2017-12-31
2019-02-2845.9×2018-12-31
2019-03-2944.41×2018-12-31
2019-04-3049.41×2018-12-31
2019-05-3138.33×2018-12-31
2019-06-2840.63×2018-12-31
2019-07-3142.47×2018-12-31
2019-08-3041.87×2018-12-31
2019-09-3040.59×2018-12-31
2019-10-3143.13×2018-12-31
2019-11-2946.64×2019-09-30
2019-12-3147.38×2019-09-30
2020-01-3151.19×2019-09-30
2020-02-2854.8×2019-12-31
2020-03-3154.32×2019-12-31
2020-04-3057.85×2019-12-31
2020-05-2965.24×2020-03-31
2020-06-3064.33×2020-03-31
2020-07-3164.82×2020-03-31
2020-08-3153.11×2020-06-30
2020-09-3047.4×2020-06-30
2020-10-3044.41×2020-06-30
2020-11-3044.88×2020-09-30
2020-12-3154.09×2020-09-30
2021-01-2952.72×2020-09-30
2021-02-2661.49×2020-09-30
2021-03-3167.17×2020-09-30
2021-04-3074.38×2020-09-30
2021-05-2874.31×2021-03-31
2021-06-3080.99×2021-03-31
2021-07-3092.56×2021-03-31
2021-08-31102.29×2021-06-30
2021-09-3094.79×2021-06-30
2021-10-29109.17×2021-06-30
2021-11-30100.44×2021-09-30
2021-12-31108.7×2021-09-30
2022-01-3189.9×2021-09-30
2022-02-2894.87×2021-12-31
2022-03-3194.11×2021-12-31
2022-04-2979.59×2021-12-31
2022-05-3175.7×2022-03-31
2022-06-3072.81×2022-03-31
2022-07-2976.76×2022-03-31
2022-08-3158.52×2022-06-30
2022-09-3059.05×2022-06-30
2022-10-3168.7×2022-06-30
2022-11-3057.18×2022-09-30
2022-12-3052.58×2022-09-30
2023-01-3156.29×2022-09-30
2023-02-2854.91×2022-12-31
2023-03-3161.39×2022-12-31
2023-04-2858.24×2022-12-31
2023-05-3156.09×2023-03-31
2023-06-3062.05×2023-03-31
2023-07-3163.79×2023-03-31
2023-08-3145.23×2023-06-30
2023-09-2944.08×2023-06-30
2023-10-3142.95×2023-06-30
2023-11-3036.14×2023-09-30
2023-12-2940.24×2023-09-30
2024-01-3144.34×2023-09-30
2024-02-2946.51×2023-12-31
2024-03-2845.97×2023-12-31
2024-04-3042.52×2023-12-31
2024-05-3138.11×2024-03-31
2024-06-2838.72×2024-03-31
2024-07-3137.29×2024-03-31
2024-08-3049.28×2024-03-31
2024-09-3049.82×2024-03-31
2024-10-3150.53×2024-03-31
2024-11-2961.06×2024-03-31
2024-12-3160.69×2024-03-31
2025-01-3164.81×2024-03-31
2025-02-2869.39×2024-03-31
2025-03-3161.84×2024-03-31
2025-04-3066.66×2024-03-31
2025-05-3065.38×2024-03-31
2025-06-3067.92×2024-03-31
2025-07-3164.18×2024-03-31
2025-08-2946.19×2024-06-30
2025-09-3049.31×2024-06-30
2025-10-3150.68×2024-06-30
2025-11-2832.96×2025-09-30
2025-12-3132.26×2025-09-30
2026-01-3033.01×2025-09-30
2026-02-2731.89×2025-12-31
2026-03-3132.98×2025-12-31
2026-04-3034.03×2025-12-31
2026-05-2952.43×2026-03-31
2026-06-3058.38×2026-03-31
2026-07-3156.5×2026-06-30
2026-08-3159.64×2026-06-30
2026-09-2560.52×2026-06-30
Mean 287.43×Median 68.51×12% below median

ROIC

% · Annual / TTM

—
Average invested capital is zero or negative, so this ratio is undefined.
Fortinet ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2011 Q2—
FY 2011 Q3—
FY 2011 Q4—
FY 2012 Q1—
FY 2012 Q2—
FY 2012 Q3—
FY 2012 Q4—
FY 2013 Q1—
FY 2013 Q2—
FY 2013 Q3—
FY 2013 Q4—
FY 2014 Q1—
FY 2014 Q2—
FY 2014 Q3—
FY 2014 Q4—
FY 2015 Q1—
FY 2015 Q2—
FY 2015 Q3—
FY 2015 Q4—
FY 2016 Q1—
FY 2016 Q2—
FY 2016 Q3—
FY 2016 Q4—
FY 2017 Q1—
FY 2017 Q2—
FY 2017 Q3—
FY 2017 Q4—
FY 2018 Q1—
FY 2018 Q2—
FY 2018 Q3—
FY 2018 Q4—
FY 2019 Q1—
FY 2019 Q2—
FY 2019 Q3—
FY 2019 Q4—
FY 2020 Q1—
FY 2020 Q2—
FY 2020 Q3—
FY 2020 Q4—
FY 2021 Q1—
FY 2021 Q2—
FY 2021 Q3—
FY 2021 Q4—
FY 2022 Q1—
FY 2022 Q2—
FY 2022 Q3—
FY 2022 Q4—
FY 2023 Q1—
FY 2023 Q2—
FY 2023 Q3—
FY 2023 Q4—
FY 2024 Q1—
FY 2024 Q2—
FY 2024 Q3—
FY 2024 Q4—
FY 2025 Q1—
FY 2025 Q2—
FY 2025 Q3—
FY 2025 Q4—
FY 2026 Q1—
FY 2026 Q2—

Capital allocation

% of tracked cash uses

$227.8M
Fortinet capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2011 Q222.37% · $0.756M77.63% · $2.623MUnavailableUnavailableUnavailable100% · $3.379M
FY 2011 Q3100% · $1.335M0% · $0MUnavailableUnavailableUnavailable100% · $1.335M
FY 2011 Q4100% · $0.839M0% · $0MUnavailableUnavailableUnavailable100% · $0.839M
FY 2012 Q174.7% · $1.624M25.3% · $0.55MUnavailableUnavailableUnavailable100% · $2.174M
FY 2012 Q2100% · $2.231M0% · $0MUnavailableUnavailableUnavailable100% · $2.231M
FY 2012 Q398.8% · $16.428M1.2% · $0.199MUnavailableUnavailableUnavailable100% · $16.627M
FY 2012 Q478.26% · $1.8M21.74% · $0.5MUnavailableUnavailableUnavailable100% · $2.3M
FY 2013 Q120.42% · $1.534M79.58% · $5.979M0% · $0MUnavailableUnavailable100% · $7.513M
FY 2013 Q299.71% · $2.035M0.29% · $0.006M0% · $0MUnavailableUnavailable100% · $2.041M
FY 2013 Q365.7% · $3.16M34.3% · $1.65M0% · $0MUnavailableUnavailable100% · $4.81M
FY 2013 Q417.57% · $7.148M0% · $0M82.43% · $33.529MUnavailableUnavailable100% · $40.677M
FY 2014 Q147.88% · $11.318M0.07% · $0.017M52.05% · $12.305MUnavailableUnavailable100% · $23.64M
FY 2014 Q239.5% · $9.704M0% · $0M60.5% · $14.862MUnavailableUnavailable100% · $24.566M
FY 2014 Q334.31% · $5.78M0% · $0M65.69% · $11.068MUnavailableUnavailable100% · $16.848M
FY 2014 Q448.44% · $5.395M0% · $0M51.56% · $5.742MUnavailableUnavailable100% · $11.137M
FY 2015 Q1100% · $4.927M0% · $0M0% · $0MUnavailableUnavailable100% · $4.927M
FY 2015 Q2100% · $10.761M0% · $0M0% · $0MUnavailableUnavailable100% · $10.761M
FY 2015 Q325.95% · $13.325M74.05% · $38.025M0% · $0MUnavailable0% · $0M100% · $51.35M
FY 2015 Q412.21% · $8.345M0% · $0M87.79% · $60MUnavailableUnavailable100% · $68.345M
FY 2016 Q137.47% · $29.956MUnavailable62.53% · $50MUnavailableUnavailable100% · $79.956M
FY 2016 Q2100% · $14.443MUnavailable0% · $0MUnavailableUnavailable100% · $14.443M
FY 2016 Q318.3% · $5.92M4.41% · $1.427M77.29% · $25MUnavailable0% · $0M100% · $32.347M
FY 2016 Q432% · $16.863M0% · $0M68% · $35.828MUnavailableUnavailable100% · $52.691M
FY 2017 Q1100% · $13.526MUnavailable0% · $0MUnavailableUnavailable100% · $13.526M
FY 2017 Q272.26% · $86.362MUnavailable27.74% · $33.154MUnavailableUnavailable100% · $119.516M
FY 2017 Q319.33% · $21.753M0% · $0M80.67% · $90.802MUnavailableUnavailable100% · $112.555M
FY 2017 Q44.07% · $13.671M0% · $0M95.93% · $322.377MUnavailableUnavailable100% · $336.048M
FY 2018 Q19.13% · $11.6MUnavailable90.87% · $115.5MUnavailableUnavailable100% · $127.1M
FY 2018 Q287.88% · $11.6MUnavailable12.12% · $1.6MUnavailableUnavailable100% · $13.2M
FY 2018 Q3100% · $18.2M0% · $0M0% · $0MUnavailableUnavailable100% · $18.2M
FY 2018 Q49.51% · $11.6M12.87% · $15.7M77.62% · $94.7MUnavailableUnavailable100% · $122M
FY 2019 Q114.45% · $10.2M0% · $0M85.55% · $60.4MUnavailableUnavailable100% · $70.6M
FY 2019 Q233.86% · $17.3M0% · $0M66.14% · $33.8MUnavailableUnavailable100% · $51.1M
FY 2019 Q342.79% · $17.5M0% · $0M57.21% · $23.4MUnavailableUnavailable100% · $40.9M
FY 2019 Q4Unavailable55.72% · $34.6M44.28% · $27.5MUnavailableUnavailable100% · $62.1M
FY 2020 Q13% · $27.6M0.34% · $3.1M96.67% · $889.9MUnavailableUnavailable100% · $920.6M
FY 2020 Q216.52% · $30.9M0% · $0M83.48% · $156.1MUnavailableUnavailable100% · $187M
FY 2020 Q385.19% · $35.1M14.81% · $6.1M0% · $0MUnavailableUnavailable100% · $41.2M
FY 2020 Q4Unavailable47.62% · $31M52.38% · $34.1MUnavailableUnavailable100% · $65.1M
FY 2021 Q183.49% · $52.1M16.51% · $10.3M0% · $0MUnavailableUnavailable100% · $62.4M
FY 2021 Q220.42% · $23.5M0% · $0M79.58% · $91.6MUnavailableUnavailable100% · $115.1M
FY 2021 Q332.78% · $69M29.98% · $63.1M37.24% · $78.4MUnavailableUnavailable100% · $210.5M
FY 2021 Q4Unavailable0.26% · $1.5M99.74% · $571.8MUnavailableUnavailable100% · $573.3M
FY 2022 Q115.07% · $122.6M0% · $0M84.93% · $691.2MUnavailableUnavailable100% · $813.8M
FY 2022 Q24.75% · $39.9M0% · $0M95.25% · $800MUnavailableUnavailable100% · $839.9M
FY 2022 Q314.94% · $87.8M0% · $0M85.06% · $500MUnavailableUnavailable100% · $587.8M
FY 2022 Q4Unavailable100% · $30.8M0% · $0MUnavailableUnavailable100% · $30.8M
FY 2023 Q1100% · $30.3M0% · $0M0% · $0MUnavailableUnavailable100% · $30.3M
FY 2023 Q2100% · $76.8M0% · $0M0% · $0MUnavailableUnavailable100% · $76.8M
FY 2023 Q310.39% · $70.1M0% · $0M89.61% · $604.3MUnavailableUnavailable100% · $674.4M
FY 2023 Q4Unavailable0% · $0M100% · $896.2MUnavailableUnavailable100% · $896.2M
FY 2024 Q197.5% · $221.9M2.5% · $5.7MUnavailableUnavailableUnavailable100% · $227.6M
FY 2024 Q2100% · $23.1M0% · $0MUnavailableUnavailableUnavailable100% · $23.1M
FY 2024 Q313.05% · $36.3M86.74% · $241.3M0.22% · $0.6MUnavailableUnavailable100% · $278.2M
FY 2024 Q477.4% · $97.6M22.6% · $28.5M0% · $0MUnavailableUnavailable100% · $126.1M
FY 2025 Q185.59% · $66.5M14.41% · $11.2M0% · $0MUnavailableUnavailable100% · $77.7M
FY 2025 Q228% · $167.8M5.07% · $30.4M66.93% · $401.1MUnavailableUnavailable100% · $599.3M
FY 2025 Q34.57% · $87.7M0% · $0M95.43% · $1,831.5MUnavailableUnavailable100% · $1,919.2M
FY 2025 Q442.8% · $42.8M0% · $0M57.2% · $57.2MUnavailableUnavailable100% · $100M
FY 2026 Q17.9% · $70.6M0% · $0M92.1% · $823MUnavailableUnavailable100% · $893.6M
FY 2026 Q234.24% · $78M0% · $0M65.76% · $149.8MUnavailableUnavailable100% · $227.8M

Tracked cash uses · SBC excluded

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Fortinet.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources