Fortinet Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . Fortinet
FTNT Stock  USD 94.02  1.57  1.70%   
Fortinet financial statements provide useful quarterly and yearly information to potential Fortinet investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Fortinet financial statements helps investors assess Fortinet's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Fortinet's valuation are summarized below:
Gross Profit
3.3 B
Profit Margin
0.2679
Market Capitalization
72.1 B
Enterprise Value Revenue
11.9338
Revenue
5.7 B
There are currently one hundred twenty fundamental signals for Fortinet that can be evaluated and compared over time across rivals. All traders should verify Fortinet's prevailing fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction.

Fortinet Total Revenue

5.57 Billion

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.

Fortinet Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding858.4 M788.2 M835.6 M
Pretty Stable
Total Assets7.6 B7.3 B3.2 B
Slightly volatile
Other Current Liabilities597.5 M569 M210.3 M
Slightly volatile
Total Current Liabilities3.9 B3.7 B1.4 B
Slightly volatile
Other Liabilities2.9 B2.7 B1 B
Slightly volatile
Property Plant And Equipment Net1.2 B1.1 B370 M
Slightly volatile
Current Deferred Revenue3 B2.8 B1.1 B
Slightly volatile
Accounts Payable214.5 M204.3 M97 M
Slightly volatile
Cash703.1 M1.4 B748.6 M
Slightly volatile
Non Current Assets Total3 B2.8 B1.1 B
Slightly volatile
Non Currrent Assets Other669.3 M637.4 M242.5 M
Slightly volatile
Other Assets0.951.0301 M
Slightly volatile
Cash And Short Term Investments2.6 B2.4 B1.4 B
Slightly volatile
Net Receivables1.5 B1.4 B541.3 M
Slightly volatile
Common Stock Total Equity966 K920 K310.9 K
Slightly volatile
Short Term Investments1.1 B1 B577.2 M
Slightly volatile
Liabilities And Stockholders Equity7.6 B7.3 B3.2 B
Slightly volatile
Non Current Liabilities Total4.2 B4 B1.3 B
Slightly volatile
Inventory509 M484.8 M148 M
Slightly volatile
Other Current Assets106.2 M101.1 M46.8 M
Slightly volatile
Other Stockholder Equity778.4 M1.4 B822.4 M
Slightly volatile
Total Liabilities8.1 B7.7 B2.8 B
Slightly volatile
Property Plant And Equipment Gross1.5 B1.4 B408 M
Slightly volatile
Total Current Assets4.6 B4.4 B2.1 B
Slightly volatile
Short Term Debt20.5 M33.4 M19.2 M
Slightly volatile
Common Stock966 K920 K310.9 K
Slightly volatile
Property Plant Equipment1.1 B1 B358.3 M
Slightly volatile
Intangible Assets24.6 M35.3 M22.5 M
Slightly volatile
Capital Surpluse973.4 M1.5 B864.3 M
Slightly volatile
Non Current Liabilities Other92.3 M124.7 M76.8 M
Slightly volatile
Deferred Long Term Asset Charges307.9 M293.2 M167.7 M
Slightly volatile
Net Invested Capital775.5 M528.9 M779.1 M
Slightly volatile
Net Working Capital752.5 M709.3 M810.9 M
Slightly volatile
Capital Stock966 K920 K339.1 K
Slightly volatile
Short and Long Term Debt Total706 M1.1 B288.7 M
Slightly volatile
Long Term Debt Total1.1 B1.1 B1 B
Slightly volatile

Fortinet Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization398.7 M379.7 M89.9 M
Slightly volatile
Interest Expense13.6 M21 M15.1 M
Slightly volatile
Selling General Administrative221.9 M211.3 M95.8 M
Slightly volatile
Selling And Marketing Expenses2.1 B2 B842.8 M
Slightly volatile
Total Revenue5.6 B5.3 B2.1 B
Slightly volatile
Gross Profit4.3 B4.1 B1.6 B
Slightly volatile
Other Operating Expenses4.3 B4.1 B1.7 B
Slightly volatile
Research Development644.5 M613.8 M266.8 M
Slightly volatile
Cost Of Revenue1.3 B1.2 B510.3 M
Slightly volatile
Total Operating Expenses3 B2.8 B1.2 B
Slightly volatile
Net Income Applicable To Common Shares1 B985.9 M327.4 M
Slightly volatile
Net Income From Continuing Ops1.2 B1.2 B353.5 M
Slightly volatile
Non Recurring290.7 K306 K3.5 M
Slightly volatile
Interest Income103.2 M98.3 M24.2 M
Slightly volatile
Reconciled Depreciation85 M110.5 M67.6 M
Slightly volatile

Fortinet Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation261.4 M249 M131.6 M
Slightly volatile
Free Cash Flow1.8 B1.7 B669.1 M
Slightly volatile
Begin Period Cash Flow1.8 B1.7 B727.3 M
Slightly volatile
Depreciation119.1 M113.4 M53.5 M
Slightly volatile
Capital Expenditures214.3 M204.1 M105.3 M
Slightly volatile
Total Cash From Operating Activities2 B1.9 B774.4 M
Slightly volatile
End Period Cash Flow1.5 B1.4 B797.8 M
Slightly volatile
Change To Liabilities225.1 M240.2 M248.1 M
Slightly volatile
Issuance Of Capital Stock33.4 M40.4 M65.1 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.58.59067.5003
Slightly volatile
Days Sales Outstanding68.996.465586.2206
Slightly volatile
Free Cash Flow Yield0.05180.0380.0401
Pretty Stable
Operating Cash Flow Per Share2.612.48590.9593
Slightly volatile
Stock Based Compensation To Revenue0.04840.04690.0663
Pretty Stable
Capex To Depreciation1.111.79981.5684
Slightly volatile
EV To Sales5.168.52917.0439
Slightly volatile
Free Cash Flow Per Share2.332.22370.8292
Slightly volatile
ROIC2.22.09360.5868
Slightly volatile
Inventory Turnover5.012.5524.1889
Pretty Stable
Days Of Inventory On Hand15014393.9963
Slightly volatile
Payables Turnover6.356.05585.4648
Pretty Stable
Sales General And Administrative To Revenue0.06880.03980.0561
Slightly volatile
Research And Ddevelopement To Revenue0.170.11570.1443
Slightly volatile
Capex To Revenue0.02980.03850.043
Slightly volatile
Cash Per Share3.293.13431.691
Slightly volatile
POCF Ratio38.9823.545140.2713
Slightly volatile
Capex To Operating Cash Flow0.10.10550.1457
Pretty Stable
PFCF Ratio51.1626.320654.0476
Slightly volatile
Days Payables Outstanding52.6660.272868.0362
Pretty Stable
EV To Operating Cash Flow15.8223.376421.2779
Very volatile
EV To Free Cash Flow18.0226.13224.4348
Very volatile
Intangibles To Total Assets0.01340.02230.0164
Slightly volatile
Current Ratio1.841.19071.6745
Pretty Stable
Receivables Turnover4.733.78374.2709
Slightly volatile
Graham Number4.674.44312.1782
Slightly volatile
Capex Per Share0.280.26210.1301
Slightly volatile
Revenue Per Share7.156.81332.5991
Slightly volatile
Interest Debt Per Share1.371.30140.5151
Slightly volatile
Debt To Assets0.170.13670.1646
Slightly volatile
Operating Cycle137239175
Slightly volatile
Days Of Payables Outstanding52.6660.272868.0362
Pretty Stable
Price To Operating Cash Flows Ratio38.9823.545140.2713
Slightly volatile
Price To Free Cash Flows Ratio51.1626.320654.0476
Slightly volatile
Ebt Per Ebit1.181.07461.0366
Slightly volatile
Long Term Debt To Capitalization1.021.87620.7329
Slightly volatile
Total Debt To Capitalization1.021.87620.7329
Slightly volatile
Quick Ratio1.741.06041.578
Pretty Stable
Dividend Paid And Capex Coverage Ratio12.219.48319.6016
Pretty Stable
Net Income Per E B T0.960.86060.7897
Pretty Stable
Cash Ratio0.480.37590.5871
Pretty Stable
Cash Conversion Cycle188179114
Slightly volatile
Operating Cash Flow Sales Ratio0.240.36490.3143
Slightly volatile
Days Of Inventory Outstanding15014393.9963
Slightly volatile
Days Of Sales Outstanding68.996.465586.2206
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.960.89450.8583
Pretty Stable
Cash Flow Coverage Ratios1.391.95051.553
Slightly volatile
Fixed Asset Turnover4.54.734714.9061
Slightly volatile
Capital Expenditure Coverage Ratio12.219.48319.6016
Pretty Stable
Price Cash Flow Ratio38.9823.545140.2713
Slightly volatile
Debt Ratio0.170.13670.1646
Slightly volatile
Cash Flow To Debt Ratio1.391.95051.553
Slightly volatile
Price Sales Ratio5.58.59067.5003
Slightly volatile
Asset Turnover0.730.73080.6409
Very volatile
Gross Profit Margin0.580.76680.7262
Very volatile

Fortinet Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap2.7 B3 B3.3 B
Slightly volatile
Enterprise Value2.6 B2.9 B3.2 B
Slightly volatile

Fortinet Fundamental Market Drivers

Forward Price Earnings37.8788
Cash And Short Term Investments2.4 B

Fortinet Upcoming Events

6th of February 2024
Upcoming Quarterly Report
View
2nd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Fortinet Financial Statements

Fortinet shareholders use historical fundamental indicators, such as revenue or net 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
Current Deferred Revenue2.8 B3 B
Total Revenue5.3 B5.6 B
Cost Of Revenue1.2 B1.3 B
Stock Based Compensation To Revenue 0.05  0.05 
Sales General And Administrative To Revenue 0.04  0.07 
Research And Ddevelopement To Revenue 0.12  0.17 
Capex To Revenue 0.04  0.03 
Revenue Per Share 6.81  7.15 
Ebit Per Revenue 0.23  0.25 

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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.
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