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Saturday 17 October 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. In the quarter to June 2026, revenue grew 25.6%, EPS grew 45.6%, free cash flow grew 239.9% and total debt fell 50.1%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for ten.

169.13 12.78 −7.03%
Market cap
$133.5B
P/E
59.1×
Fwd P/E
52.1×
Dividend yield
—
F-score
5/9
Altman Z
5.29
Beneish M
−2.64
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Fortinet, Inc. (FTNT) Net margin

Alert me on 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

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Annual newest first

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 newest first

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

Against its own ten years

Low 0.79% High 29.3%
Ten-year median 18.6%
Current reading's percentile 90

Net margin against peers

Company Net margin
FTNT Fortinet, Inc. 28.2%
ORCL Oracle Corporation compare 26.1%
NTAP NetApp, Inc. compare 19.2%
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%
Software Infrastructure industry median 0.00%
Technology sector median 0.00%
Market median 0.45%

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

The full definition of Net margin →

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