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Fortinet Inc

Technology US FTNT

149.35USD
2.87(1.96%)

Last update at 2026-06-04T18:14:00Z

Day Range

144.32149.97
LowHigh

52 Week Range

70.12109.33
LowHigh

Fundamentals

  • Previous Close 146.48
  • Market Cap63403.44M
  • Volume2685257
  • P/E Ratio35.23
  • Dividend Yield-%
  • EBITDA2226.30M
  • Revenue TTM6799.60M
  • Revenue Per Share TTM8.97
  • Gross Profit TTM 5470.70M
  • Diluted EPS TTM2.42

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 2292.50M 2029.10M 1333.70M 955.50M 628.40M
Minority interest - 0.00000M 0.00000M 0.70M -0.10000M
Net income 1853.40M 1745.20M 1147.80M 857.30M 606.80M
Selling general administrative 233.40M 237.80M 211.30M 169.00M 143.50M
Selling and marketing expenses 2347.50M 2044.80M 2006.00M 1686.10M 1345.70M
Gross profit 5497.00M 4798.20M 4067.60M 3332.50M 2559.20M
Reconciled depreciation 152.00M 122.80M 110.50M 104.30M 84.40M
Ebit 2312.60M 2078.50M 1241.10M 969.60M 650.40M
Ebitda 2464.60M 2201.30M 1241.10M 1077.80M 727.70M
Depreciation and amortization 152.00M 122.80M 379.70M 108.20M 77.30M
Non operating income net other - - - -64.20000M -14.70000M
Operating income 2082.00M 1803.40M 1241.10M 969.60M 650.40M
Other operating expenses 4719.00M 4152.40M 4068.30M 3452.40M 2696.40M
Interest expense 20.10M 20.00M 21.00M 18.00M 14.90M
Tax provision 439.10M 283.90M 57.80M 30.80M 14.10M
Interest income 162.30M 155.20M 98.30M 17.40M 4.50M
Net interest income 142.20M 135.20M 78.20M -0.60000M -10.40000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 439.10M 283.90M 143.80M 30.80M 14.10M
Total revenue 6799.60M 5955.80M 5304.80M 4417.40M 3342.20M
Total operating expenses 3416.40M 2994.80M 2831.10M 2367.50M 1913.40M
Cost of revenue 1302.60M 1157.60M 1237.20M 1084.90M 783.00M
Total other income expense net 210.50M 225.70M 92.60M -14.10000M -22.00000M
Discontinued operations - - - - -
Net income from continuing ops 1853.40M 1745.20M 1150.70M 856.60M 606.70M
Net income applicable to common shares - - - 857.30M 606.80M
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 10389.20M 9763.10M 7258.90M 6228.00M 5919.10M
Intangible assets 354.70M 115.00M 35.30M 56.00M 63.60M
Earning assets - - - - -
Other current assets 227.00M 126.10M 101.10M 73.10M 65.40M
Total liab 9151.70M 8269.30M 7722.30M 6509.60M 5120.70M
Total stockholder equity 1237.50M 1493.80M -463.40000M -281.60000M 781.70M
Deferred long term liab - - - 2291.00M 423.30M
Other current liab 4303.50M 593.60M 632.60M 485.70M 392.30M
Common stock 0.70M 0.80M 0.80M 0.80M 0.20M
Capital stock 0.70M 0.80M 0.80M 0.80M 0.20M
Retained earnings -507.90000M -117.10000M -1861.70000M -1546.40000M -467.90000M
Other liab - - - 2378.30M 1814.20M
Good will 354.70M 235.40M 126.50M 128.00M 125.10M
Other assets - - 0.00000M 1193.30M 1001.40M
Cash 2495.30M 2875.90M 1397.90M 1682.90M 1319.10M
Cash and equivalents - - - - -
Total current liabilities 5034.00M 4060.70M 3719.00M 3078.40M 2318.10M
Current deferred revenue - 3276.20M 2848.70M 2349.30M 1777.40M
Net debt -1499.00000M -1881.60000M -326.50000M -692.50000M -330.70000M
Short term debt 499.70M 32.70M 33.40M - -
Short long term debt 499.70M - - - -
Short long term debt total 996.30M 994.30M 1071.40M 990.40M 988.40M
Other stockholder equity 1770.10M 1636.20M 1416.40M 1284.20M 1254.20M
Property plant equipment - - - 898.50M 687.60M
Total current assets 5900.20M 5971.50M 4428.30M 3810.40M 3600.60M
Long term investments 339.70M 0.00000M 0.00000M 45.50M 440.80M
Net tangible assets - - - -281.60000M 593.00M
Short term investments 1087.20M 1190.60M 1042.50M 528.10M 1232.60M
Net receivables 1691.20M 1463.40M 1402.00M 1261.70M 807.70M
Long term debt 496.60M 994.30M 992.30M 990.40M 988.40M
Inventory 399.50M 315.50M 484.80M 264.60M 175.80M
Accounts payable 230.80M 190.90M 204.30M 243.40M 148.40M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - 16.70M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -25.40000M -26.10000M -18.90000M -20.20000M -4.80000M
Additional paid in capital - - - - -
Common stock total equity - - - 0.80M 0.20M
Preferred stock total equity - - - - -
Retained earnings total equity - - - -1546.40000M -467.90000M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 2175.60M 756.10M 637.40M 720.20M 659.10M
Deferred long term asset charges - - - - -
Non current assets total 4489.00M 3791.60M 2830.60M 2417.60M 2318.50M
Capital lease obligations - - - - -
Long term debt total - - - 990.40M 988.40M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -192.80000M -727.40000M -360.30000M 763.90M -1325.10000M
Change to liabilities - - - 208.90M 732.30M
Total cashflows from investing activities -599.10000M -727.40000M -649.30000M 763.90M -1325.10000M
Net borrowings - - 0.00000M - 969.90M
Total cash from financing activities -2371.50000M -50.10000M -1570.40000M -2130.30000M 82.80M
Change to operating activities - - - -257.50000M -238.00000M
Net income 1853.40M 1745.20M 1147.80M 856.60M 606.70M
Change in cash -380.60000M 1478.00M -285.00000M 363.80M 257.30M
Begin period cash flow 2875.90M 1397.90M 1682.90M 1319.10M 1061.80M
End period cash flow 2495.30M 2875.90M 1397.90M 1682.90M 1319.10M
Total cash from operating activities 2590.60M 2258.10M 1935.50M 1730.60M 1499.70M
Issuance of capital stock 44.70M 63.10M 40.40M 26.10M 26.00M
Depreciation 336.30M 122.80M 113.40M 104.30M 84.40M
Other cashflows from investing activities 0.10M 0.10M 0.30M -30.80000M 0.40M
Dividends paid - - - - -989.40000M
Change to inventory -90.60000M 131.20M -253.50000M -109.10000M -19.40000M
Change to account receivables -215.90000M -45.40000M -146.40000M -456.70000M -72.50000M
Sale purchase of stock -2289.80000M -0.60000M -1500.50000M -1991.20000M -741.80000M
Other cashflows from financing activities -126.40000M -112.60000M -113.70000M -165.20000M 1807.50M
Change to netincome - - - 82.60M 230.20M
Capital expenditures 364.80M 378.90M 204.10M 281.20M 295.90M
Change receivables - - - -456.70000M -72.50000M
Cash flows other operating - - - 1039.60M 684.10M
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - 364.20M 257.40M
Change in working capital -10.40000M -20.60000M 126.10M 233.00M 402.40M
Stock based compensation 279.50M 257.90M 249.00M 217.30M 207.90M
Other non cash items 65.60M 152.80M 299.20M 545.80M 183.80M
Free cash flow 2225.80M 1879.20M 1731.40M 1449.40M 1203.80M

Peer Comparison

Sector: Technology Industry: Software - Infrastructure

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
FTNT
Fortinet Inc
2.87 1.96% 149.35 35.23 27.70 9.32 49.39 8.61 23.85
MSFT
Microsoft Corporation
0.97 0.23% 428.31 37.32 29.94 13.03 12.45 13.06 24.59
ORCL
Oracle Corporation
5.92 2.57% 236.25 29.34 18.66 5.55 74.06 7.10 18.13
CRWD
Crowdstrike Holdings Inc
-32.1 4.29% 715.51 - 89.29 23.70 24.81 21.91 577.82
PANW
Palo Alto Networks Inc
-4.54 1.62% 275.89 44.57 45.05 11.98 20.70 11.82 77.11

Reports Covered

Stock Research & News

Profile

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Fortinet Inc

909 Kifer Road, Sunnyvale, CA, United States, 94086

Key Executives

Name Title Year Born
Mr. Ken Xie Founder, Chairman & CEO 1963
Mr. Michael Xie Founder, Pres, CTO & Director 1969
Mr. Keith F. Jensen CFO & Chief Accounting Officer 1959
Mr. John Whittle EVP of Corp. Devel., Chief Legal Officer & Corp. Sec. 1969
Ms. Ana Pease VP of Talent Management & Operations NA
Mr. Peter M. Salkowski VP of Investor Relations NA
Mr. John Maddison Chief Marketing Officer & Exec. VP of Products NA
Mr. Chris Perna VP of Talent Acquisition NA
Mr. Patrice Perche Exec. VP of Support & Chief Revenue Officer 1962
Pedro Paixao Pres for Latin America and Gen. Mang. for Latin America NA

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