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.
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Fortinet, Inc. (FTNT) Return on equity
Fortinet, Inc.'s return on equity over the twelve months to 30 June 2026 was 117.4%, down 18.3 percentage points from fiscal 2025 (135.7%). Over the past ten years it has ranged from −308.1% (fiscal 2023) to 338.7% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Software Infrastructure industry median of 0.60% and above the Technology sector median of 0.00%.
Return on equity, annual
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Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | 135.7% | (203.02) |
| FY2024 | 338.7% | 646.87 |
| FY2023 | −308.1% | (639.90) |
| FY2022 | 331.8% | 258.41 |
| FY2021 | 73.4% | 28.92 |
| FY2020 | 44.4% | 16.24 |
| FY2019 | 28.2% | (13.67) |
| FY2018 | 41.9% | 37.47 |
| FY2017 | 4.40% | 0.36 |
| FY2016 | 4.04% | 2.92 |
Against its own ten years
Return on equity against peers
| Company | Return on equity |
|---|---|
| FTNT Fortinet, Inc. | 117.4% |
| NTAP NetApp, Inc. compare | 114.8% |
| ORCL Oracle Corporation compare | 43.1% |
| SNPS Synopsys, Inc. compare | 3.66% |
| PANW Palo Alto Networks, Inc. compare | 1.74% |
| XYZ Block, Inc. compare | 1.62% |
| CRWD CrowdStrike compare | 1.01% |
| NBIS Nebius Group N.V. compare | 0.60% |
| NET Cloudflare, Inc. compare | −14.4% |
| Software Infrastructure industry median | 0.60% |
| Technology sector median | 0.00% |
| Market median | 1.35% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)
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 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