Fortinet Operating Income from 2010 to 2024

FTNT Stock  USD 97.19  2.34  2.47%   
Fortinet Operating Income yearly trend continues to be comparatively stable with very little volatility. Operating Income is likely to outpace its year average in 2024. Operating Income is earnings before interest and taxes (EBIT), representing the amount of profit Fortinet generates from its operations. View All Fundamentals
 
Operating Income  
First Reported
2007-03-31
Previous Quarter
436 M
Current Value
470.9 M
Quarterly Volatility
116 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
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 398.7 M, Interest Expense of 13.6 M or Selling General Administrative of 221.9 M, as well as many indicators such as Price To Sales Ratio of 5.5, Dividend Yield of 0.0 or Days Sales Outstanding of 68.9. 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.

Latest Fortinet's Operating Income Growth Pattern

Below is the plot of the Operating Income of Fortinet over the last few years. Operating Income is the amount of profit realized from Fortinet operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Fortinet is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Fortinet's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortinet's overall financial position and show how it may be relating to other accounts over time.
Operating Income10 Years Trend
Slightly volatile
   Operating Income   
       Timeline  

Fortinet Operating Income Regression Statistics

Arithmetic Mean383,578,400
Coefficient Of Variation118.45
Mean Deviation370,421,733
Median109,804,000
Standard Deviation454,361,434
Sample Variance206444.3T
Range1.3B
R-Value0.88
Mean Square Error50618.1T
R-Squared0.77
Significance0.000016
Slope89,286,554
Total Sum of Squares2890220.4T

Fortinet Operating Income History

20241.3 B
20231.2 B
2022969.6 M
2021650.4 M
2020531.8 M
2019344.2 M
2018231 M

Other Fundumenentals of Fortinet

Fortinet Operating Income component correlations

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0.99-0.55-0.2-0.930.971.00.821.00.980.620.911.00.72-0.640.820.95-0.540.950.260.230.870.74
-0.25-0.52-0.2-0.05-0.28-0.2-0.24-0.12-0.34-0.180.02-0.16-0.4-0.46-0.61-0.210.37-0.24-0.35-0.490.10.19
-0.870.82-0.93-0.05-0.89-0.94-0.59-0.94-0.84-0.57-0.96-0.94-0.540.87-0.62-0.940.62-0.830.040.1-0.96-0.8
0.97-0.50.97-0.28-0.890.980.760.960.960.620.870.970.8-0.610.840.92-0.520.960.270.230.830.59
0.98-0.571.0-0.2-0.940.980.790.990.970.610.920.990.72-0.660.810.96-0.560.950.220.190.890.73
0.88-0.120.82-0.24-0.590.760.790.810.880.510.580.810.72-0.230.790.64-0.160.860.640.610.50.56
0.98-0.591.0-0.12-0.940.960.990.810.970.620.911.00.73-0.680.790.93-0.50.950.270.210.880.74
1.0-0.380.98-0.34-0.840.960.970.880.970.620.820.970.8-0.480.890.89-0.480.960.410.390.770.65
0.63-0.280.62-0.18-0.570.620.610.510.620.620.570.630.58-0.410.630.55-0.290.610.220.190.50.38
0.85-0.760.910.02-0.960.870.920.580.910.820.570.90.46-0.820.580.95-0.610.77-0.1-0.130.990.82
0.99-0.581.0-0.16-0.940.970.990.811.00.970.630.90.74-0.670.80.93-0.520.960.280.230.870.72
0.8-0.080.72-0.4-0.540.80.720.720.730.80.580.460.74-0.220.860.54-0.10.840.650.590.40.18
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0.9-0.640.95-0.21-0.940.920.960.640.930.890.550.950.930.54-0.70.72-0.730.850.010.030.940.77
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0.390.420.26-0.350.040.270.220.640.270.410.22-0.10.280.650.340.490.010.280.470.96-0.16-0.17
0.350.520.23-0.490.10.230.190.610.210.390.19-0.130.230.590.450.520.030.170.430.96-0.19-0.16
0.8-0.830.870.1-0.960.830.890.50.880.770.50.990.870.4-0.870.50.94-0.630.73-0.16-0.190.83
0.67-0.690.740.19-0.80.590.730.560.740.650.380.820.720.18-0.670.430.77-0.530.57-0.17-0.160.83
Click cells to compare fundamentals

About Fortinet Financial Statements

Fortinet shareholders use historical fundamental indicators, such as Operating 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
Operating Income1.2 B1.3 B
Non Operating Income Net Other-57.8 M-54.9 M

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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.