Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
102.04
+4.62 (4.74%)
At close: May 12, 2025, 4:00 PM
102.07
+0.03 (0.03%)
After-hours: May 12, 2025, 5:29 PM EDT
Fortinet Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Revenue | 6,142 | 5,956 | 5,305 | 4,417 | 3,342 | 2,594 | Upgrade
|
| Revenue Growth (YoY) | 13.83% | 12.27% | 20.09% | 32.17% | 28.82% | 19.95% | Upgrade
|
| Cost of Revenue | 1,146 | 1,158 | 1,237 | 1,085 | 783 | 570 | Upgrade
|
| Gross Profit | 4,996 | 4,798 | 4,068 | 3,333 | 2,559 | 2,024 | Upgrade
|
| Selling, General & Admin | 2,328 | 2,283 | 2,217 | 1,855 | 1,489 | 1,191 | Upgrade
|
| Research & Development | 742.4 | 716.8 | 613.8 | 512.4 | 424.2 | 341.4 | Upgrade
|
| Operating Expenses | 3,070 | 2,999 | 2,831 | 2,368 | 1,913 | 1,533 | Upgrade
|
| Operating Income | 1,926 | 1,799 | 1,237 | 965 | 645.8 | 491.6 | Upgrade
|
| Interest Expense | -19.8 | -20 | -21 | -18 | -14.9 | - | Upgrade
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| Interest & Investment Income | 167.3 | 155.2 | 119.7 | 17.4 | 4.5 | 17.7 | Upgrade
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| Earnings From Equity Investments | -12.2 | -29.4 | -42.1 | -68.1 | -7.6 | - | Upgrade
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| Currency Exchange Gain (Loss) | -16.9 | -16.9 | -7 | -4.6 | -8.2 | -5.5 | Upgrade
|
| Other Non Operating Income (Expenses) | 61 | 56.9 | 5.3 | 4.2 | -3.4 | -2.3 | Upgrade
|
| EBT Excluding Unusual Items | 2,106 | 1,945 | 1,291 | 895.9 | 616.2 | 501.5 | Upgrade
|
| Gain (Loss) on Sale of Investments | -41.4 | -26.4 | -4.4 | -13.1 | - | - | Upgrade
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| Gain (Loss) on Sale of Assets | 9.8 | 4.6 | 4.6 | 4.6 | 4.6 | 40.2 | Upgrade
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| Other Unusual Items | 146.2 | 106.3 | - | - | - | - | Upgrade
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| Pretax Income | 2,220 | 2,029 | 1,292 | 887.4 | 620.8 | 541.7 | Upgrade
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| Income Tax Expense | 340.9 | 283.9 | 143.8 | 30.8 | 14.1 | 53.2 | Upgrade
|
| Earnings From Continuing Operations | 1,879 | 1,745 | 1,148 | 856.6 | 606.7 | 488.5 | Upgrade
|
| Minority Interest in Earnings | - | - | - | 0.7 | 0.1 | - | Upgrade
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| Net Income | 1,879 | 1,745 | 1,148 | 857.3 | 606.8 | 488.5 | Upgrade
|
| Net Income to Common | 1,879 | 1,745 | 1,148 | 857.3 | 606.8 | 488.5 | Upgrade
|
| Net Income Growth | 56.69% | 52.05% | 33.88% | 41.28% | 24.22% | 47.27% | Upgrade
|
| Shares Outstanding (Basic) | 766 | 764 | 779 | 791 | 816 | 821 | Upgrade
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| Shares Outstanding (Diluted) | 773 | 772 | 788 | 805 | 835 | 838 | Upgrade
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| Shares Change (YoY) | -1.15% | -2.07% | -2.12% | -3.59% | -0.36% | -4.19% | Upgrade
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| EPS (Basic) | 2.45 | 2.28 | 1.47 | 1.08 | 0.74 | 0.60 | Upgrade
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| EPS (Diluted) | 2.43 | 2.26 | 1.46 | 1.06 | 0.73 | 0.58 | Upgrade
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| EPS Growth | 57.71% | 54.80% | 37.74% | 45.20% | 25.86% | 52.63% | Upgrade
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| Free Cash Flow | 2,068 | 1,879 | 1,731 | 1,449 | 1,204 | 957.8 | Upgrade
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| Free Cash Flow Per Share | 2.67 | 2.44 | 2.20 | 1.80 | 1.44 | 1.14 | Upgrade
|
| Gross Margin | 81.34% | 80.56% | 76.68% | 75.44% | 76.57% | 78.03% | Upgrade
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| Operating Margin | 31.36% | 30.20% | 23.31% | 21.84% | 19.32% | 18.95% | Upgrade
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| Profit Margin | 30.60% | 29.30% | 21.64% | 19.41% | 18.16% | 18.83% | Upgrade
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| Free Cash Flow Margin | 33.66% | 31.55% | 32.64% | 32.81% | 36.02% | 36.92% | Upgrade
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| EBITDA | 2,056 | 1,922 | 1,350 | 1,069 | 730.2 | 560.4 | Upgrade
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| EBITDA Margin | 33.48% | 32.26% | 25.45% | 24.21% | 21.85% | 21.60% | Upgrade
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| D&A For EBITDA | 130 | 122.8 | 113.4 | 104.3 | 84.4 | 68.8 | Upgrade
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| EBIT | 1,926 | 1,799 | 1,237 | 965 | 645.8 | 491.6 | Upgrade
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| EBIT Margin | 31.36% | 30.20% | 23.31% | 21.84% | 19.32% | 18.95% | Upgrade
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| Effective Tax Rate | 15.35% | 13.99% | 11.13% | 3.47% | 2.27% | 9.82% | Upgrade
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| Revenue as Reported | 6,142 | 5,956 | 5,305 | 4,417 | 3,342 | 2,594 | Upgrade
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Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.