Fortinet, Inc.
FTNTLast close · Oct 16, 2026169.13−12.78 (−7.03%)
Market cap$124.1B
Key indicators
Revenue7.5B+18.8% on a year earlier
1.8B
2.2B
2.6B
3.3B
4.4B
5.3B
6.0B
6.8B
7.5B
8.1B
9.0B
10.0B
Fiscal year
FY201818
FY201919
FY202020
FY202121
FY202222
FY202323
FY202424
FY202525
TTMTTM
FY2026E26E
FY2027E27E
FY2028E28E
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM | FY2026E | FY2027E | FY2028E |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | ||||||||||||
| 1.8B | 2.2B+19.7% | 2.6B+20.3% | 3.3B+28.8% | 4.4B+32.2% | 5.3B+20.1% | 6.0B+12.3% | 6.8B+14.2% | 7.5B+18.8% | 8.1B | 9.0B | 10.0B | |
| — | 19.7% | 20.3% | 28.8% | 32.2% | 20.1% | 12.3% | 14.2% | 18.8% | 19.4% | 11.3% | 11.1% | |
| $0.38 | $0.37−2.1% | $0.58+55.6% | $0.73+24.7% | $1.06+46.0% | $1.46+37.7% | $2.26+54.8% | $2.42+7.1% | $2.83+12.7% | $3.45 | $3.78 | $4.27 | |
| Profitability | ||||||||||||
| 75.0% | 76.5%+1.5 pt | 78.0%+1.5 pt | 76.6%−1.5 pt | 75.4%−1.1 pt | 76.7%+1.2 pt | 80.6%+3.9 pt | 80.5%−0.1 pt | 80.2%−1.1 pt | · | · | · | |
| 12.8% | 16.0%+3.1 pt | 20.5%+4.5 pt | 19.5%−1.0 pt | 21.9%+2.5 pt | 23.4%+1.4 pt | 30.3%+6.9 pt | 30.7%+0.4 pt | 32.4%+1.6 pt | · | · | · | |
| 18.4% | 15.1%−3.3 pt | 18.8%+3.7 pt | 18.2%−0.7 pt | 19.4%+1.3 pt | 21.6%+2.2 pt | 29.3%+7.7 pt | 27.3%−2.0 pt | 28.2%−2.4 pt | · | · | · | |
| 32.9% | 24.7%−8.2 pt | 57.1%+32.4 pt | 77.6%+20.6 pt | -304.4%−382.1 pt | -247.7%+56.7 pt | 116.8%+364.5 pt | 149.8%+32.9 pt | — | · | · | · | |
| Cash | ||||||||||||
| 585.9M | 715.8M+22.2% | 957.8M+33.8% | 1.2B+25.7% | 1.4B+20.4% | 1.7B+19.5% | 1.9B+8.5% | 2.2B+18.4% | — | · | · | · | |
| 32.5% | 33.2%+0.7 pt | 36.9%+3.7 pt | 36.0%−0.9 pt | 32.8%−3.2 pt | 32.6%−0.2 pt | 31.6%−1.1 pt | 32.7%+1.2 pt | — | · | · | · | |
| Balance sheet | ||||||||||||
| — | — | — | 1.26x | -3.52x−4.78x | -2.14x+1.38x | 0.67x+2.81x | 0.81x+0.14x | 0.32x−0.16x | · | · | · | |
| 871.00M | 875.00M+0.5% | 838.50M−4.2% | 835.50M−0.4% | 805.30M−3.6% | 788.20M−2.1% | 771.90M−2.1% | 764.60M−0.9% | 739.90M−4.2% | · | · | · | |
E = analyst consensus (revenue and EPS only). TTM = the twelve months to Jun 30, 2026: the last fiscal year, plus the quarters since, less the same quarters a year earlier. From the 10-K and the 10-Qs since, as accepted by the SEC; the shaded column is the latest period. EPS and share counts before a stock split are restated in today's share terms.