Saturday 17 October 2026 Export FTNT’s income statement to Excel — free account

Fortinet, Inc.

Fortinet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.8 billion, up 14.2% from fiscal 2024. In the quarter to June 2026, revenue grew 25.6%, EPS grew 45.6%, free cash flow grew 239.9% and total debt fell 50.1%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for ten.

169.13 12.78 −7.03%

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Market cap: $133.5B
P/E: 59.1×
Fwd P/E: 52.1×
Dividend yield: —
F-score: 5/9
Altman Z: 5.29
Beneish M: −2.64
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	34.32	32.55	31.43	53.71
P/S ratio Full definition →		9.69	8.85	8.49	14.96
P/FCF ratio Full definition →		31.32	27.04	24.79	36.13
P/Operating CF Full definition →		96.95	97.05	56.05	107.91
P/B ratio Full definition →		86.41	48.64	61.00	72.61
Price to Tangible BV Full definition →		173.27	68.18	93.56	92.57
EV/Sales Full definition →		9.37	8.47	8.17	14.55
EV/EBITDA Full definition →		24.92	22.69	21.58	37.20
EV/Operating CF Full definition →		25.08	22.24	20.71	32.26
EV/FCF Full definition →		30.27	25.88	23.85	35.14
Quick Ratio Full definition →		0.90	1.05	1.03	1.14
Current Ratio Full definition →		1.03	1.17	1.15	1.28
Net Debt/EBITDA Full definition →		(3.20)	(3.45)	(3.95)	(4.34)
Debt/Assets Full definition →		10.64%	9.59%	5.03%	4.58%
Debt/Equity Full definition →		1.35	0.81	0.50	0.32
Asset Turnover Full definition →		0.72	0.67	0.70	0.70
Operating CF/Net income Full definition →		1.38	1.23	2.02	1.72
Capex/Depreciation Full definition →		(0.75)	(0.35)	(0.55)	(0.58)
Interest Coverage Full definition →		88.27	142.18	138.10	215.41
Research and Development Expense of Revenue Full definition →		11.73%	10.76%	11.57%	10.99%
Selling, General and Administrative Expense of Revenue Full definition →		37.39%	36.04%	37.44%	35.66%
Intangible Assets out of Total Assets Full definition →		0.04	0.03	0.03	0.03
Share Based Compensation of Revenue Full definition →		4.16%	3.81%	3.92%	3.87%
Graham Net Nets Full definition →		(0.06)	(0.05)	(0.06)	(0.03)
Graham Number Full definition →		7.32	9.47	8.85	11.67
Earnings Yield Full definition →		2.91%	3.07%	3.18%	1.86%
Free Cash Flow Yield Full definition →		3.19%	3.70%	4.03%	2.77%
Revenue per Share Full definition →		2.28	2.51	2.50	2.79
Operating CF per Share Full definition →		0.87	0.82	1.46	1.42
Capex per Share Full definition →		(0.12)	(0.06)	(0.10)	(0.11)
Free Cash Flow per Share Full definition →		0.75	0.76	1.36	1.32
Cash per Share Full definition →		4.13	4.73	4.46	5.55
Shareholders Equity per Share Full definition →		0.97	1.63	1.34	2.12
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		0.97	1.63	1.34	2.12
Free Cash Flow Full definition →		567.50	577.40	1,006.50	965.60
Working Capital Full definition →		127.40	866.20	709.10	1,367.50
Capital Expenditures Full definition →		(87.70)	(42.80)	(70.60)	(78.00)
Net Current Asset Value Full definition →		(3,712.70)	(3,251.50)	(3,561.20)	(3,099.80)
EV/EBIT Full definition →		30.20	27.63	26.27	44.86
Capex to Sales Full definition →		0.05	0.02	0.04	0.04
Price to Operating Income Full definition →		31.24	28.87	27.31	46.11
Other line items
Average Receivables Full definition →		1,106.20	1,577.30	1,330.10	1,335.65
Average Payables Full definition →		199.60	210.85	231.60	263.85
Average Inventory Full definition →		390.45	357.50	366.15	415.75
Average Assets Full definition →		9,106.65	10,076.15	10,145.25	10,750.30
Average Common Equity Full definition →		821.60	1,365.65	1,476.30	1,805.75

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