Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers, government organizations, and small to medium-sized businesses. The company is headquartered in Sunnyvale, California and currently employs 15,109 full-time employees. The company went IPO on 2009-11-18. The Company’s integrated platform, Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (SASE) and artificial intelligence (AI)-driven security operations (SecOps). Its products and services include FortiOS, FortiASIC, FortiCloud, FortiAI, FortiEndpoint, and OT Security. The FortiGuard Labs is a cybersecurity threat intelligence and research organization comprised of experienced threat hunters, researchers, analysts, engineers and data scientists who develop and utilize machine learning and AI technologies. FortiGuard and Other Security Services are a suite of AI-powered security capabilities that are integrated as part of the Fortinet Security Fabric to deliver coordinated detection and enforcement across the entire attack surface. FortiCare Technical Support Service is a per-device technical support service. The company also operates Fortinet Training Institute.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenue
6,799
6,799
5,955
5,304
4,417
3,342
Revenue Growth (YoY)
14%
14%
12%
20%
32%
28.99%
Cost of Revenue
1,328
1,328
1,120
1,237
1,084
783
Gross Profit
5,470
5,470
4,835
4,067
3,332
2,559
Selling, General & Admin
2,580
2,580
2,282
2,217
1,855
1,489
Research & Development
815
815
716
613
512
424
Operating Expenses
3,396
3,396
2,999
2,831
2,367
1,913
Other Non Operating Income (Expenses)
55
49
4
-6
-8
-3
Pretax Income
2,282
2,282
2,058
1,333
955
628
Income Tax Expense
439
439
283
143
30
14
Net Income
1,853
1,853
1,745
1,147
857
606
Net Income Growth
6%
6%
52%
34%
41%
24%
Shares Outstanding (Diluted)
747.8
764.6
771.9
788.2
805.3
835.5
Shares Change (YoY)
-4%
-1%
-2%
-2%
-4%
0%
EPS (Diluted)
2.47
2.42
2.26
1.46
1.06
0.73
EPS Growth
9%
7%
55%
38%
45%
26%
Free Cash Flow
2,225
2,225
1,879
1,731
1,449
1,203
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
80.45%
80.45%
81.19%
76.67%
75.43%
76.57%
Operating Margin
30.5%
30.5%
30.81%
23.3%
21.84%
19.29%
Profit Margin
27.25%
27.25%
29.3%
21.62%
19.4%
18.13%
Free Cash Flow Margin
32.72%
32.72%
31.55%
32.63%
32.8%
35.99%
EBITDA
2,226
2,226
1,957
1,349
1,069
729
EBITDA Margin
32.74%
32.74%
32.86%
25.43%
24.2%
21.81%
D&A For EBITDA
152
152
122
113
104
84
EBIT
2,074
2,074
1,835
1,236
965
645
EBIT Margin
30.5%
30.5%
30.81%
23.3%
21.84%
19.29%
Effective Tax Rate
19.23%
19.23%
13.75%
10.72%
3.14%
2.22%
Follow-Up Questions
What are Fortinet Inc's key financial statements?
According to the latest financial statement (Form-10K), Fortinet Inc has a total asset of $10,389, Net profit of $1,853
What are the key financial ratios for FTNT?
Fortinet Inc's Current ratio is 1.13, has a Net margin is 27.25, sales per share of $8.89.
How is Fortinet Inc's revenue broken down by segment or geography?
Fortinet Inc largest revenue segment is Product, at a revenue of 2,218,400,000 in the most earnings release.For geography, United States is the primary market for Fortinet Inc, at a revenue of 1,778,900,000.
Is Fortinet Inc profitable?
yes, according to the latest financial statements, Fortinet Inc has a net profit of $1,853
Does Fortinet Inc have any liabilities?
yes, Fortinet Inc has liability of 9,151
How many outstanding shares for Fortinet Inc?
Fortinet Inc has a total outstanding shares of 743