FN2 Earnings Intelligence

Fortinet, Inc. financials

Fortinet, Inc. (FTNT) financial statements and key operating metrics from FN2 Research.

Key Stats

USD in millions, except per-share values and percentages.

Metric 12/31/202112/31/202212/31/202312/31/202412/31/2025
Market Cap -----
- Cash $1,319.1$1,682.9$1,397.9$2,875.9$2,495.3
+ Debt -----
Enterprise Value -----
Revenue $3,342.2$4,417.4$5,304.8$5,955.8$6,799.6
% Growth 28.8%32.2%20.1%12.3%14.2%
Gross Profit $2,559.2$3,332.5$4,067.6$4,798.2$5,470.7
% Margin 76.6%75.4%76.7%80.6%80.5%
EBITDA $734.8$1,073.9$1,354.5$1,926.2$2,236.7
% Margin 22.0%24.3%25.5%32.3%32.9%
Net Income $606.8$857.3$1,147.8$1,745.2$1,853.4
% Margin 18.2%19.4%21.6%29.3%27.3%
Diluted EPS $3.63$1.06$1.46$2.26$2.42
% Growth 24.7%-70.8%37.7%54.8%7.1%
Operating Cash Flow $1,499.7$1,730.6$1,935.5$2,258.1$2,590.6
CapEx $295.9$281.2$204.1$378.9$364.8
Free Cash Flow $1,203.8$1,449.4$1,731.4$1,879.2$2,225.8

Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.