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

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

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