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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) Revenue growth

Alert me on Revenue growth

Fortinet, Inc.'s revenue growth over the twelve months to 30 June 2026 was 18.8%, up 4.6 percentage points from fiscal 2025 (14.2%). Over the past ten years it has ranged from 12.3% (fiscal 2024) to 32.2% (fiscal 2022); the current reading is higher than 18% of that period. That is above the Software Infrastructure industry median of 13.4% and above the Technology sector median of 12.0%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 14.2% 1.90
FY2024 12.3% (7.82)
FY2023 20.1% (12.08)
FY2022 32.2% 3.35
FY2021 28.8% 8.88
FY2020 19.9% 0.08
FY2019 19.9% (0.86)
FY2018 20.7% 3.51
FY2017 17.2% (9.16)
FY2016 26.4% (4.64)

Quarterly newest first

Period Revenue growth Change (points)
Jun 2026 25.6% 5.51
Mar 2026 20.1% 5.38
Dec 2025 14.8% 0.37
Sep 2025 14.4% 0.74
42 more quarters

Against its own ten years

Low 12.3% High 32.2%
Ten-year median 20.1%
Current reading's percentile 18

Revenue growth against peers

Company Revenue growth
NBIS Nebius Group N.V. compare 511.5%
SNPS Synopsys, Inc. compare 46.3%
NET Cloudflare, Inc. compare 33.5%
PANW Palo Alto Networks, Inc. compare 24.5%
CRWD CrowdStrike compare 24.3%
ORCL Oracle Corporation compare 21.6%
FTNT Fortinet, Inc. 18.8%
NTAP NetApp, Inc. compare 12.2%
XYZ Block, Inc. compare 5.07%
Software Infrastructure industry median 13.4%
Technology sector median 12.0%
Market median 7.41%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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