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) Revenue growth
Fortinet, Inc.'s revenue growth over the twelve months to 30 September 2026 was 20.2%, up 6.1 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 14.3% and above the Technology sector median of 11.8%.
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) |
|---|---|---|
| Sep 2026 | 20.5% | (5.15) |
| Jun 2026 | 25.6% | 5.51 |
| Mar 2026 | 20.1% | 5.38 |
| Dec 2025 | 14.8% | 0.37 |
| 43 more quarters | Free account |
Against its own ten years
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 | 35.7% |
| ZS Zscaler, Inc. compare | 25.4% |
| CRWD CrowdStrike compare | 24.3% |
| FTNT Fortinet, Inc. | 20.2% |
| NTAP NetApp, Inc. compare | 12.2% |
| OKTA Okta, Inc. compare | 11.2% |
| XYZ Block, Inc. compare | 6.98% |
| Software Infrastructure industry median | 14.3% |
| Technology sector median | 11.8% |
| Market median | 7.58% |
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|
More on FTNT
- Revenue
- Net income
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement