Friday 6 November 2026 Export FTNT’s income statement to Excel — free account

Fortinet, Inc.

FTNT Technology Software Infrastructure

Fortinet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.8 billion, up 14.2% from fiscal 2024.

Revenue: +20.5%
EPS: +38.1%
Free cash flow: +55.4%
Total debt: −50.1%

Quarter to September 2026, against a year earlier

120.42 2.09 −1.71%

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Market cap: $90.0B
P/E: 39.5×
Fwd P/E: 42.2×
Dividend yield: —
F-score: 5/9
Altman Z: 5.29
Beneish M: −2.64
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
Piotroski F-Score Full definition →	+8 more TTM periods Free account	5	6	6	8
ROE Full definition →		135.72%	132.39%	117.44%	153.08%
ROA Full definition →		18.39%	19.27%	19.73%	21.43%
ROIC Full definition →		0.00%	0.00%	0.00%	0.00%
Return on Tangible Assets Full definition →		74.58%	81.42%	69.15%	60.86%
Average Days of Receivables Full definition →		90.78	76.30	70.58	67.67
Free Cash Flow per Share Full definition →		2.94	3.30	4.25	4.67
Free Cash Flow Full definition →		2,225.80	2,435.50	3,117.00	3,431.30
Capital Expenditures Full definition →		(364.80)	(368.90)	(279.10)	(255.60)
Other line items
Cash ROIC Full definition →		38.27%	50.94%	50.95%	45.49%
Accounts Receivable Turnover Full definition →		4.31	5.35	5.64	5.99
Accounts Payable Turnover Full definition →		6.30	6.05	5.65	4.90
Inventory Turnover Full definition →		3.72	3.82	3.58	3.14
Average Days of Payables Full definition →		63.39	62.22	69.20	98.41
Days of Inventory on Hand Full definition →		109.73	96.34	104.42	135.21
Tax Rate Full definition →		(0.19)	(0.19)	(0.19)	(0.18)
Research and Development Expense of Revenue Full definition →		11.99%	11.69%	11.24%	10.88%
Selling, General and Administrative Expense of Revenue Full definition →		37.96%	37.60%	36.59%	35.96%
Share Based Compensation of Revenue Full definition →		4.11%	4.02%	3.93%	3.86%
Interest Coverage Full definition →		103.72	113.96	135.68	175.62
Operating CF/Net income Full definition →		1.40	1.43	1.60	1.62
Depreciation/Fixed assets Full definition →		0.28	0.28	0.30	0.30
Capex/Depreciation Full definition →		(0.80)	(0.77)	(0.56)	(0.49)
Revenue per Share Full definition →		8.97	9.62	10.27	10.73
Operating CF per Share Full definition →		3.42	3.80	4.63	5.02
Capex per Share Full definition →		(0.48)	(0.50)	(0.38)	(0.35)
Capex to Sales Full definition →		0.05	0.05	0.04	0.03

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

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