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) Net margin
Fortinet, Inc.'s net margin over the twelve months to 30 June 2026 was 28.2%, up 0.9 percentage points from fiscal 2025 (27.3%). Over the past ten years it has ranged from 0.79% (fiscal 2015) to 29.3% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.00%.
Net margin, annual
Annual
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 27.3% | (2.04) |
| FY2024 | 29.3% | 7.66 |
| FY2023 | 21.6% | 2.23 |
| FY2022 | 19.4% | 1.25 |
| FY2021 | 18.2% | (0.67) |
| FY2020 | 18.8% | 3.49 |
| FY2019 | 15.3% | (3.22) |
| FY2018 | 18.6% | 16.46 |
| FY2017 | 2.10% | (0.42) |
| FY2016 | 2.52% | 1.73 |
Quarterly
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 29.6% | 0.71 |
| Mar 2026 | 28.9% | 2.34 |
| Dec 2025 | 26.6% | (0.91) |
| Sep 2025 | 27.5% | 0.47 |
| 42 more quarters | Free account |
Against its own ten years
Low 0.79%
High 29.3%
Ten-year median
18.6%
Current reading's percentile
91
Net margin against peers
| Company | Net margin |
|---|---|
| FTNT Fortinet, Inc. | 28.2% |
| TWLO Twilio Inc. compare | 20.6% |
| SNPS Synopsys, Inc. compare | 11.4% |
| NBIS Nebius Group N.V. compare | 3.13% |
| PANW Palo Alto Networks, Inc. compare | 2.67% |
| XYZ Block, Inc. compare | 1.43% |
| CRWD CrowdStrike compare | 0.83% |
| NET Cloudflare, Inc. compare | −8.21% |
| CRWV CoreWeave Inc. compare | −25.4% |
| Software Infrastructure industry median | 0.00% |
| Technology sector median | 0.00% |
| Market median | 0.55% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on FTNT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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