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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

122.42 6.97 −5.39%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Fortinet, Inc. (FTNT) Current ratio

Alert me on Current ratio

Fortinet, Inc.'s current ratio at the end of the quarter to 30 September 2026 was 1.4×, up 0.2× from fiscal 2025 (1.2×). Over the past ten years it has ranged from 1.2× (fiscal 2025) to 1.9× (fiscal 2019) — the current reading is the lowest in ten years. That is below the Software Infrastructure industry median of 1.5× and below the Technology sector median of 1.9×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 1.2× (20.30%)
FY2024 1.5× 23.51%
FY2023 1.2× (3.81%)
FY2022 1.2× (20.31%)
FY2021 1.6× 3.70%
FY2020 1.5× (21.25%)
FY2019 1.9× 7.60%
FY2018 1.8× 5.77%
FY2017 1.7× (9.91%)
FY2016 1.9× (0.91%)

Quarterly newest first

Period Current ratio Change
Sep 2026 1.4× 8.94%
Jun 2026 1.3× 11.19%
Mar 2026 1.2× (1.60%)
Dec 2025 1.2× 14.17%
43 more quarters

Against its own ten years

Low 1.2× High 1.9×
Ten-year median 1.6×
Current reading's percentile 9

Current ratio against peers

Company Current ratio
NBIS Nebius Group N.V. compare 4.0×
NET Cloudflare, Inc. compare 3.8×
XYZ Block, Inc. compare 2.2×
ZS Zscaler, Inc. compare 1.7×
CRWD CrowdStrike compare 1.6×
OKTA Okta, Inc. compare 1.5×
FTNT Fortinet, Inc. 1.4×
SNPS Synopsys, Inc. compare 1.3×
NTAP NetApp, Inc. compare 1.2×
Software Infrastructure industry median 1.5×
Technology sector median 1.9×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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