Fortinet Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . Fortinet
FTNT Stock  USD 96.91  0.24  0.25%   
Fortinet financial statements provide useful quarterly and yearly information to potential Fortinet investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Fortinet financial statements helps investors assess Fortinet's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Fortinet's valuation are summarized below:
Gross Profit
4.8 B
Profit Margin
0.293
Market Capitalization
74.3 B
Enterprise Value Revenue
11.9656
Revenue
6 B
There are currently one hundred twenty fundamental signals for Fortinet that can be evaluated and compared over time across rivals. All traders should verify Fortinet's prevailing fundamentals against the performance from 2010 to 2025 and make sure the trends continue to evolve in the right direction.

Fortinet Total Revenue

6.25 Billion

Check Fortinet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortinet's main balance sheet or income statement drivers, such as Depreciation And Amortization of 458.5 M, Interest Expense of 14.1 M or Selling General Administrative of 249.7 M, as well as many indicators such as Price To Sales Ratio of 12.73, Dividend Yield of 0.0 or PTB Ratio of 50.76. Fortinet financial statements analysis is a perfect complement when working with Fortinet Valuation or Volatility modules.
  
Check out the analysis of Fortinet Correlation against competitors.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.

Fortinet Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding857.9 M771.9 M831.6 M
Pretty Stable
Total Assets10.3 B9.8 B3.8 B
Slightly volatile
Other Current Liabilities623.3 M593.6 M235.9 M
Slightly volatile
Total Current Liabilities4.3 B4.1 B1.6 B
Slightly volatile
Other Liabilities2.9 B2.7 B1.1 B
Slightly volatile
Property Plant And Equipment Net1.4 B1.3 B446.2 M
Slightly volatile
Current Deferred Revenue3.4 B3.3 B1.3 B
Slightly volatile
Accounts Payable200.4 M190.9 M102 M
Slightly volatile
Cash3 B2.9 B1 B
Slightly volatile
Non Current Assets Total4 B3.8 B1.4 B
Slightly volatile
Non Currrent Assets Other793.9 M756.1 M282.4 M
Slightly volatile
Other Assets1.091.15282.2 M
Slightly volatile
Cash And Short Term Investments4.3 B4.1 B1.7 B
Slightly volatile
Net Receivables1.5 B1.5 B602.9 M
Slightly volatile
Common Stock Total Equity966 K920 K341.4 K
Slightly volatile
Short Term Investments1.3 B1.2 B625.3 M
Slightly volatile
Liabilities And Stockholders Equity10.3 B9.8 B3.8 B
Slightly volatile
Non Current Liabilities Total4.4 B4.2 B1.5 B
Slightly volatile
Inventory331.3 M315.5 M147.3 M
Slightly volatile
Other Current Assets132.4 M126.1 M53.4 M
Slightly volatile
Other Stockholder Equity835.1 M1.6 B876.8 M
Slightly volatile
Total Liabilities8.7 B8.3 B3.2 B
Slightly volatile
Property Plant And Equipment Gross1.9 B1.8 B517 M
Slightly volatile
Total Current Assets6.3 B6 B2.5 B
Slightly volatile
Short Term Debt20.5 M38.4 M20.4 M
Slightly volatile
Common Stock966 K920 K341.4 K
Slightly volatile
Property Plant Equipment1.1 B1 B392 M
Slightly volatile
Intangible Assets120.8 M115 M34.3 M
Slightly volatile
Capital Surpluse973.4 M1.5 B890.5 M
Slightly volatile
Non Current Liabilities Other96.2 M129.6 M80.3 M
Slightly volatile
Deferred Long Term Asset Charges307.9 M293.2 M173.2 M
Slightly volatile
Net Invested Capital1.3 B2.5 B917.1 M
Slightly volatile
Net Working Capital1.2 B1.9 B905.6 M
Slightly volatile
Capital Stock502.9 K920 K338.9 K
Slightly volatile
Short and Long Term Debt Total770.6 M994.3 M336.8 M
Slightly volatile
Long Term Debt Total1.1 B1.1 B1 B
Slightly volatile

Fortinet Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization458.5 M436.7 M115.3 M
Slightly volatile
Interest Expense14.1 M20 M15.5 M
Slightly volatile
Selling General Administrative249.7 M237.8 M106.4 M
Slightly volatile
Selling And Marketing Expenses2.1 B2 B920.5 M
Slightly volatile
Total Revenue6.3 B6 B2.4 B
Slightly volatile
Gross Profit5 B4.8 B1.8 B
Slightly volatile
Other Operating Expenses4.4 B4.2 B1.9 B
Slightly volatile
Research Development752.6 M716.8 M301.6 M
Slightly volatile
Cost Of Revenue1.2 B1.2 B545.5 M
Slightly volatile
Total Operating Expenses3.1 B3 B1.3 B
Slightly volatile
Net Income Applicable To Common Shares1 B985.9 M360.5 M
Slightly volatile
Net Income From Continuing Ops1.8 B1.7 B479.5 M
Slightly volatile
Non Recurring290.7 K306 K3.3 M
Slightly volatile
Interest Income163 M155.2 M36.1 M
Slightly volatile
Reconciled Depreciation91.2 M122.8 M71.4 M
Slightly volatile

Fortinet Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation270.8 M257.9 M140.2 M
Slightly volatile
Free Cash Flow2 B1.9 B754.4 M
Slightly volatile
Begin Period Cash Flow1.5 B1.4 B750.5 M
Slightly volatile
Depreciation437.3 M416.5 M96.1 M
Slightly volatile
Capital Expenditures397.8 M378.9 M133.9 M
Slightly volatile
Total Cash From Operating Activities2.4 B2.3 B888.3 M
Slightly volatile
End Period Cash Flow3 B2.9 B1 B
Slightly volatile
Change To Liabilities225.1 M240.2 M245.7 M
Slightly volatile
Issuance Of Capital Stock35.9 M63.1 M65.1 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio12.7312.12618.2413
Slightly volatile
Days Sales Outstanding69.0689.684286.4471
Slightly volatile
Free Cash Flow Yield0.05060.0260.0391
Pretty Stable
Operating Cash Flow Per Share3.12.95411.1146
Slightly volatile
Stock Based Compensation To Revenue0.04840.04270.0648
Very volatile
Capex To Depreciation1.090.90971.526
Slightly volatile
EV To Sales12.411.81027.7943
Slightly volatile
Free Cash Flow Per Share2.582.45840.9466
Slightly volatile
Inventory Turnover4.943.66914.152
Pretty Stable
Days Of Inventory On Hand68.2899.479589.2203
Pretty Stable
Payables Turnover6.366.06395.5028
Pretty Stable
Sales General And Administrative To Revenue0.06750.03990.0551
Slightly volatile
Research And Ddevelopement To Revenue0.170.12040.1428
Slightly volatile
Capex To Revenue0.06680.06360.0466
Slightly volatile
Cash Per Share5.595.31992.0616
Slightly volatile
POCF Ratio38.7931.982939.7414
Slightly volatile
Capex To Operating Cash Flow0.10.16780.1471
Pretty Stable
PFCF Ratio50.738.431553.0429
Slightly volatile
Days Payables Outstanding52.4160.192267.5303
Very volatile
EV To Operating Cash Flow16.3231.149621.9261
Very volatile
EV To Free Cash Flow39.337.430226.5771
Slightly volatile
Intangibles To Total Assets0.03770.03590.0192
Slightly volatile
Current Ratio1.831.47061.6612
Slightly volatile
Receivables Turnover4.714.06984.2571
Slightly volatile
Graham Number9.479.023.7903
Slightly volatile
Capex Per Share0.520.49570.168
Slightly volatile
Revenue Per Share8.187.79152.988
Slightly volatile
Interest Debt Per Share1.391.32690.4271
Slightly volatile
Debt To Assets0.080.10180.0492
Slightly volatile
Operating Cycle137189176
Slightly volatile
Days Of Payables Outstanding52.4160.192267.5303
Very volatile
Price To Operating Cash Flows Ratio38.7931.982939.7414
Slightly volatile
Price To Free Cash Flows Ratio50.738.431553.0429
Slightly volatile
Ebt Per Ebit1.181.14151.0432
Slightly volatile
Long Term Debt To Capitalization0.380.39960.6721
Slightly volatile
Total Debt To Capitalization0.560.39960.3171
Slightly volatile
Quick Ratio1.731.39291.5658
Slightly volatile
Dividend Paid And Capex Coverage Ratio11.915.95969.3552
Pretty Stable
Net Income Per E B T0.960.84780.7933
Pretty Stable
Cash Ratio0.490.70820.5953
Pretty Stable
Cash Conversion Cycle84.94129108
Slightly volatile
Operating Cash Flow Sales Ratio0.240.37910.3183
Slightly volatile
Days Of Inventory Outstanding68.2899.479589.2203
Pretty Stable
Days Of Sales Outstanding69.0689.684286.4471
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.960.83220.8566
Pretty Stable
Cash Flow Coverage Ratios2.162.27112.8239
Slightly volatile
Fixed Asset Turnover4.194.413314.231
Slightly volatile
Capital Expenditure Coverage Ratio11.915.95969.3552
Pretty Stable
Price Cash Flow Ratio38.7931.982939.7414
Slightly volatile
Debt Ratio0.080.10180.0492
Slightly volatile
Cash Flow To Debt Ratio2.162.27112.8239
Slightly volatile
Price Sales Ratio12.7312.12618.2413
Slightly volatile
Asset Turnover0.730.610.639
Very volatile
Gross Profit Margin0.580.80560.7311
Pretty Stable

Fortinet Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap2.7 B3 B3.3 B
Slightly volatile
Enterprise Value2.6 B2.9 B3.2 B
Slightly volatile

Fortinet Fundamental Market Drivers

Forward Price Earnings39.3701
Cash And Short Term Investments4.1 B

Fortinet Upcoming Events

6th of February 2024
Upcoming Quarterly Report
View
2nd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Fortinet Financial Statements

Fortinet shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Fortinet investors may analyze each financial statement separately, they are all interrelated. The changes in Fortinet's assets and liabilities, for example, are also reflected in the revenues and expenses on on Fortinet's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue3.3 B3.4 B
Total Revenue6 B6.3 B
Cost Of Revenue1.2 B1.2 B
Stock Based Compensation To Revenue 0.04  0.05 
Sales General And Administrative To Revenue 0.04  0.07 
Research And Ddevelopement To Revenue 0.12  0.17 
Capex To Revenue 0.06  0.07 
Revenue Per Share 7.79  8.18 
Ebit Per Revenue 0.30  0.32 

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Additional Tools for Fortinet Stock Analysis

When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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