Fortinet, Inc. FTNT
173.46
(5.21)
(2.92%)
as of 25 Sep
- Market cap
- $130.0B
- P/E
- 60.7×
Follow FTNT
Indexes
indicate stock being part of an index,
Growth Flags
show if company had growth for consecutive years
Fortinet, Inc. (FTNT) Gross margin
Fortinet, Inc.'s gross margin over the twelve months to 30 June 2026 was 80.2%, down 0.3 percentage points from fiscal 2025 (80.5%). Over the past ten years it has ranged from 71.6% (fiscal 2015) to 80.6% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Software Infrastructure industry median of 61.2% and above the Technology sector median of 47.2%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 80.5% | (0.10) |
| FY2024 | 80.6% | 3.88 |
| FY2023 | 76.7% | 1.24 |
| FY2022 | 75.4% | (1.13) |
| FY2021 | 76.6% | (1.46) |
| FY2020 | 78.0% | 1.42 |
| FY2019 | 76.6% | 1.57 |
| FY2018 | 75.0% | 0.81 |
| FY2017 | 74.2% | 0.72 |
| FY2016 | 73.5% | 1.92 |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 80.2% | (0.05) |
| Mar 2026 | 80.3% | 0.72 |
| Dec 2025 | 79.6% | (1.20) |
| Sep 2025 | 80.8% | 0.09 |
| 42 more quarters | Free account |
Against its own ten years
Low 71.6%
High 80.6%
Ten-year median
76.6%
Current reading's percentile
91
Gross margin against peers
| Company | Gross margin |
|---|---|
| FTNT Fortinet, Inc. | 80.2% |
| CRWD CrowdStrike compare | 75.2% |
| NBIS Nebius Group N.V. compare | 74.3% |
| NET Cloudflare, Inc. compare | 72.6% |
| SNPS Synopsys, Inc. compare | 72.4% |
| PANW Palo Alto Networks, Inc. compare | 70.4% |
| CRWV CoreWeave Inc. compare | 67.4% |
| TWLO Twilio Inc. compare | 48.5% |
| XYZ Block, Inc. compare | 46.4% |
| Software Infrastructure industry median | 61.2% |
| Technology sector median | 47.2% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on FTNT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- 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