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 margin
Fortinet, Inc.'s net margin over the twelve months to 30 September 2026 was 29.0%, up 1.7 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) |
|---|---|---|
| Sep 2026 | 30.6% | 0.97 |
| Jun 2026 | 29.6% | 0.71 |
| Mar 2026 | 28.9% | 2.34 |
| Dec 2025 | 26.6% | (0.91) |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| FTNT Fortinet, Inc. | 29.0% |
| NTAP NetApp, Inc. compare | 19.2% |
| SNPS Synopsys, Inc. compare | 11.4% |
| OKTA Okta, Inc. compare | 9.63% |
| NBIS Nebius Group N.V. compare | 3.13% |
| XYZ Block, Inc. compare | 1.80% |
| CRWD CrowdStrike compare | 0.83% |
| ZS Zscaler, Inc. compare | −1.88% |
| NET Cloudflare, Inc. compare | −8.75% |
| Software Infrastructure industry median | 0.00% |
| Technology sector median | 0.00% |
| Market median | 1.06% |
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
- EPS (diluted)
- 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
- 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