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

122.45 0.06 −0.05%

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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

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

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Columns are period end dates · fundamentals updated 5 Nov 2026

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