Stocktoria
Fortinet, Inc. FTNT
Fortinet, Inc. financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.8B | $6.0B | $5.3B | $4.4B | $3.3B | $2.6B | $2.2B | $1.8B | $1.5B | $1.3B |
| Gross profit | $5.5B | $4.8B | $4.1B | $3.3B | $2.6B | $2.0B | $1.7B | $1.4B | $1.1B | $937.6M |
| R&D expense | $815.5M | $716.8M | $613.8M | $512.4M | $424.2M | $341.4M | $277.1M | $244.5M | $210.6M | $183.1M |
| Operating income | $2.1B | $1.8B | $1.2B | $969.6M | $650.4M | $531.8M | $351.0M | $234.4M | $109.8M | $42.9M |
| Interest expense | $20.1M | $20.0M | $21.0M | $18.0M | $14.9M | $0 | $0 | — | — | — |
| Income tax | $439.1M | $283.9M | $143.8M | $30.8M | $14.1M | $53.2M | $54.3M | -$80.6M | $92.6M | $10.9M |
| Net income | $1.9B | $1.7B | $1.1B | $857.3M | $606.8M | $488.5M | $331.7M | $334.9M | $31.4M | $32.2M |
| EPS (diluted) | $2.42 | $2.26 | $1.46 | $1.06 | $0.73 | $0.58 | $0.38 | $0.38 | $0.04 | $0.04 |
| Operating cash flow | $2.6B | $2.3B | $1.9B | $1.7B | $1.5B | $1.1B | $808.0M | $638.9M | $594.4M | $345.7M |
| Cash & equivalents | $2.5B | $2.9B | $1.4B | $1.7B | $1.3B | $1.1B | $1.2B | $1.1B | $811.0M | $709.0M |
| Inventory | $399.5M | $315.5M | $484.8M | $264.6M | $175.8M | $139.8M | $117.9M | $90.0M | $77.3M | $106.9M |
| Total assets | $10.4B | $9.8B | $7.3B | $6.2B | $5.9B | $4.0B | $3.9B | $3.1B | $2.3B | $2.1B |
| Total liabilities | $9.2B | $8.3B | $7.7B | $6.5B | $5.1B | $3.2B | $2.5B | $2.1B | $1.7B | $1.3B |
| Shareholders' equity | $1.2B | $1.5B | -$463.4M | -$281.6M | $798.4M | $856.0M | $1.3B | $1.0B | $602.0M | $837.7M |
Growth · year-over-year · Revenue CAGR 20.4%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +14.2% | +12.3% | +20.1% | +32.2% | +28.8% | +19.9% | +19.9% | +20.7% | +17.2% | +26.4% |
| Net income growth | +6.2% | +52.0% | +33.9% | +41.3% | +24.2% | +47.3% | -1.0% | +966.6% | -2.5% | +303.2% |
| EPS growth | +7.1% | +54.8% | +37.7% | +45.2% | +25.9% | +52.6% | -1.0% | +966.7% | +0.0% | +260.0% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.