Fortinet, Inc. FTNT
173.46
(5.21)
(2.92%)
as of 25 Sep
- Market cap
- $130.0B
- P/E
- 60.7×
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Fortinet, Inc. (FTNT) EBITDA
Fortinet, Inc.'s EBITDA for fiscal 2025 was $2.5B, up 17.0% from $2.2B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.9B. Over the past ten years it has ranged from $53.9M (fiscal 2015) to $2.5B (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 10 consecutive fiscal years. Fortinet, Inc. ranks 5th of 162 Software Infrastructure companies by EBITDA.
EBITDA, annual
Annual
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $2.5B | 16.96% |
| FY2024 | $2.2B | 36.28% |
| FY2023 | $1.6B | 22.40% |
| FY2022 | $1.3B | 41.85% |
| FY2021 | $917.6M | 24.12% |
| FY2020 | $739.3M | 43.69% |
| FY2019 | $514.5M | 35.25% |
| FY2018 | $380.4M | 126.70% |
| FY2017 | $167.8M | 74.43% |
| FY2016 | $96.2M | 78.40% |
Quarterly
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $822.9M | 16.03% |
| Mar 2026 | $709.2M | (5.31%) |
| Dec 2025 | $749.0M | 12.84% |
| Sep 2025 | $663.8M | 16.62% |
| 42 more quarters | Free account |
Against its own ten years
Low $53.9M
High $2.5B
Ten-year median
$739.3M
Current reading's percentile
100
EBITDA against peers
| Company | EBITDA |
|---|---|
| CRWV CoreWeave Inc. compare | $3.9B |
| FTNT Fortinet, Inc. | $2.9B |
| SNPS Synopsys, Inc. compare | $2.7B |
| PANW Palo Alto Networks, Inc. compare | $2.2B |
| CRWD CrowdStrike compare | $646.2M |
| TWLO Twilio Inc. compare | $509.3M |
| XYZ Block, Inc. compare | $356.0M |
| NBIS Nebius Group N.V. compare | $141.9M |
| NET Cloudflare, Inc. compare | −$1.6M |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
More on FTNT
- Revenue
- Net income
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement