stockrowFortinet, 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
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Fortinet, Inc. (FTNT) Net income
Fortinet, Inc.'s net income for fiscal 2025 was $1.9B, up 6.20% from $1.7B in fiscal 2024. Over the twelve months to 30 September 2026 it was $2.3B. Over the past ten years it has ranged from $8.0M (fiscal 2015) to $1.9B (fiscal 2025) — the current reading is the highest in ten years. Net income has risen for 6 consecutive fiscal years. Fortinet, Inc. ranks 4th of 172 Software Infrastructure companies by net income.
Net income, annual
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Annual newest first
| Period | Net income | Change |
|---|---|---|
| FY2025 | $1.9B | 6.20% |
| FY2024 | $1.7B | 52.05% |
| FY2023 | $1.1B | 33.99% |
| FY2022 | $856.6M | 41.19% |
| FY2021 | $606.7M | 24.20% |
| FY2020 | $488.5M | 47.27% |
| FY2019 | $331.7M | (0.96%) |
| FY2018 | $334.9M | 966.56% |
| FY2017 | $31.4M | (2.48%) |
| FY2016 | $32.2M | 303.16% |
Quarterly newest first
| Period | Net income | Change |
|---|---|---|
| Sep 2026 | $635.5M | 4.82% |
| Jun 2026 | $606.3M | 13.43% |
| Mar 2026 | $534.5M | 5.63% |
| Dec 2025 | $506.0M | 6.77% |
| 43 more quarters | Free account |
Against its own ten years
Net income against peers
| Company | Net income |
|---|---|
| FTNT Fortinet, Inc. | $2.3B |
| NTAP NetApp, Inc. compare | $1.4B |
| SNPS Synopsys, Inc. compare | $1.1B |
| XYZ Block, Inc. compare | $458.2M |
| OKTA Okta, Inc. compare | $296.0M |
| CRWD CrowdStrike compare | $65.3M |
| NBIS Nebius Group N.V. compare | $42.4M |
| ZS Zscaler, Inc. compare | −$63.2M |
| NET Cloudflare, Inc. compare | −$239.1M |
What Net income is
Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.
Reported line item
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- Revenue
- EPS (diluted)
- EBITDA
- 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
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement