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FTNTNasdaq SEC EDGAR

Fortinet, Inc.

Computer Peripheral Equipment, NEC·SUNNYVALE, CA·FY end 12/31·CIK 1262039
OverviewFinancialsCompensationGovernanceInsidersFilings

Financials

5-year history · USD
MetricFY 2025FY 2024FY 2023FY 2022FY 2021Trend
Revenue$6.8B$6.0B$5.3B$4.4B$3.3B
Gross Profit$5.5B$4.8B$4.1B$3.3B$2.6B
Operating Income$2.1B$1.8B$1.2B$969.6M$650.4M
Net Income$1.9B$1.7B$1.1B$857.3M$606.8M
Operating CF$2.6B$2.3B$1.9B$1.7B$1.5B
Capex
Free Cash Flow
Buybacks$2.3B$600.0K$1.5B$2.0B$741.8M
Dividends
Gross Margin80.5%80.6%76.7%75.4%76.6%
Operating Margin30.7%30.3%23.4%21.9%19.5%
Net Margin27.3%29.3%21.6%19.4%18.2%
FCF Margin
R&D / Revenue12.0%12.0%11.6%11.6%12.7%
Effective Tax
Debt / Equity0.400.67-2.14-3.521.26
Buybacks / FCF

Peer comparison

Computer Peripheral Equipment, NEC · 2 peers
CEO Pay Ratio
FTNT
34:1
PANW
442:1
LOGI
223:1
CEO total comp
FTNT
$11M
PANW
$100M
LOGI
$11M
Net Margin
FTNT
27.3%
PANW
12.3%
LOGI
13.9%