Fortinet Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Fortinet
FTNT Stock  USD 78.05  1.97  2.46%   
Analyzing historical trends in various income statement and balance sheet accounts from Fortinet's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Fortinet's valuation are summarized below:
Gross Profit
5.3 B
Profit Margin
0.2858
Market Capitalization
60.1 B
Enterprise Value Revenue
8.5179
Revenue
6.6 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 2026 and make sure the trends continue to evolve in the right direction.

Fortinet Total Revenue

7.19 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 148.3 M, Interest Expense of 14.1 M or Selling General Administrative of 287.1 M, as well as many indicators such as Price To Sales Ratio of 5.96, Dividend Yield of 0.0 or PTB Ratio of 45.69. Fortinet financial statements analysis is a perfect complement when working with Fortinet Valuation or Volatility modules.
  
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Fortinet Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding880.5 M887.7 M836.2 M
Pretty Stable
Total Assets11.8 B11.2 B4.3 B
Slightly volatile
Other Current Liabilities716.8 M682.6 M270.3 M
Slightly volatile
Total Current Liabilities4.9 B4.7 B1.8 B
Slightly volatile
Other Liabilities2.9 B2.7 B1.2 B
Slightly volatile
Property Plant And Equipment Net1.6 B1.6 B519.5 M
Slightly volatile
Current Deferred Revenue4 B3.8 B1.4 B
Slightly volatile
Accounts Payable230.5 M219.5 M110.8 M
Slightly volatile
Cash3.5 B3.3 B1.2 B
Slightly volatile
Non Current Assets Total4.6 B4.4 B1.6 B
Slightly volatile
Non Currrent Assets Other913 M869.5 M331 M
Slightly volatile
Other Assets1.091.15262.5 M
Pretty Stable
Cash And Short Term Investments4.9 B4.7 B1.9 B
Slightly volatile
Net Receivables1.8 B1.7 B680 M
Slightly volatile
Common Stock Total Equity966 K920 K368.4 K
Slightly volatile
Short Term Investments1.4 B1.4 B680.1 M
Slightly volatile
Liabilities And Stockholders Equity11.8 B11.2 B4.3 B
Slightly volatile
Non Current Liabilities Total5.1 B4.8 B1.8 B
Slightly volatile
Inventory381 M362.8 M162.9 M
Slightly volatile
Other Current Assets152.3 M145 M61.2 M
Slightly volatile
Other Stockholder Equity2 B1.9 B1 B
Slightly volatile
Total Liabilities10 B9.5 B3.6 B
Slightly volatile
Property Plant And Equipment Gross2.1 B2 B622.4 M
Slightly volatile
Total Current Assets7.2 B6.9 B2.8 B
Slightly volatile
Short Term Debt21.7 M37.6 M21.1 M
Slightly volatile
Common Stock966 K920 K370.3 K
Slightly volatile
Property Plant Equipment1.1 B1 B421.8 M
Slightly volatile
Intangible Assets138.9 M132.2 M41.1 M
Slightly volatile
Capital Surpluse973.4 M1.5 B913.7 M
Slightly volatile
Non Current Liabilities Other96.2 M149 M84.4 M
Slightly volatile
Deferred Long Term Asset Charges307.9 M293.2 M178 M
Slightly volatile
Net Invested Capital3 B2.9 B1.1 B
Slightly volatile
Net Working Capital1.2 B2.2 B981.6 M
Slightly volatile
Capital Stock502.9 K920 K366.1 K
Slightly volatile
Short and Long Term Debt Total756.1 M1.1 B378.7 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 Amortization148.3 M141.2 M80.1 M
Slightly volatile
Interest Expense14.1 M23 M15.9 M
Slightly volatile
Selling General Administrative287.1 M273.5 M118.5 M
Slightly volatile
Selling And Marketing Expenses2.5 B2.4 B1 B
Slightly volatile
Total Revenue7.2 B6.8 B2.7 B
Slightly volatile
Gross Profit5.8 B5.5 B2.1 B
Slightly volatile
Other Operating Expenses5 B4.8 B2.1 B
Slightly volatile
Research Development865.5 M824.3 M339 M
Slightly volatile
Cost Of Revenue1.4 B1.3 B602.4 M
Slightly volatile
Total Operating Expenses3.6 B3.4 B1.5 B
Slightly volatile
Net Income Applicable To Common Shares1 B985.9 M389.7 M
Slightly volatile
Net Income From Continuing Ops2.1 B2 B585.5 M
Slightly volatile
Non Recurring290.7 K306 K3.1 M
Slightly volatile
Interest Income187.4 M178.5 M45.9 M
Slightly volatile
Reconciled Depreciation91.2 M141.2 M75.6 M
Slightly volatile

Fortinet Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation311.4 M296.6 M151.6 M
Slightly volatile
Free Cash Flow2.3 B2.2 B854.6 M
Slightly volatile
Begin Period Cash Flow1.7 B1.6 B813.9 M
Slightly volatile
Depreciation148.3 M141.2 M64.5 M
Slightly volatile
Capital Expenditures457.5 M435.7 M155.1 M
Slightly volatile
Total Cash From Operating Activities2.7 B2.6 B1 B
Slightly volatile
End Period Cash Flow3.5 B3.3 B1.2 B
Slightly volatile
Change To Liabilities225.1 M240.2 M243.5 M
Slightly volatile
Issuance Of Capital Stock35.9 M56.8 M64.6 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.9610.917.9977
Slightly volatile
Days Sales Outstanding69.0380.7286.0817
Slightly volatile
Free Cash Flow Yield0.03080.02340.037
Pretty Stable
Operating Cash Flow Per Share2.792.661.1873
Slightly volatile
Stock Based Compensation To Revenue0.04760.0390.0632
Pretty Stable
Capex To Depreciation2.922.781.8346
Slightly volatile
EV To Sales5.710.637.4955
Slightly volatile
Free Cash Flow Per Share2.322.211.0056
Slightly volatile
Inventory Turnover4.944.224.156
Pretty Stable
Days Of Inventory On Hand68.2889.5389.2396
Pretty Stable
Payables Turnover6.366.975.5892
Very volatile
Sales General And Administrative To Revenue0.06740.04590.0545
Slightly volatile
Research And Ddevelopement To Revenue0.170.140.1426
Slightly volatile
Capex To Revenue0.0310.05730.0451
Slightly volatile
Cash Per Share5.034.792.1891
Slightly volatile
POCF Ratio40.4636.7839.6655
Slightly volatile
Interest Coverage49.3681.1550.4387
Slightly volatile
Capex To Operating Cash Flow0.10.150.1473
Pretty Stable
PFCF Ratio52.544.252.6287
Slightly volatile
Days Payables Outstanding52.4154.1766.7441
Very volatile
EV To Operating Cash Flow17.8228.0322.5374
Pretty Stable
EV To Free Cash Flow20.3133.6926.026
Pretty Stable
Intangibles To Total Assets0.03390.03230.0191
Slightly volatile
Current Ratio1.821.691.6579
Pretty Stable
Receivables Turnover4.724.684.2837
Slightly volatile
Graham Number9.479.024.1042
Slightly volatile
Capex Per Share0.470.450.1816
Slightly volatile
Revenue Per Share7.367.013.1771
Slightly volatile
Interest Debt Per Share1.021.191.2275
Pretty Stable
Debt To Assets0.150.120.1571
Slightly volatile
Operating Cycle137170175
Slightly volatile
Days Of Payables Outstanding52.4154.1766.7441
Very volatile
Price To Operating Cash Flows Ratio40.4636.7839.6655
Slightly volatile
Price To Free Cash Flows Ratio52.544.252.6287
Slightly volatile
Ebt Per Ebit1.181.291.0497
Slightly volatile
Long Term Debt To Capitalization0.340.360.6514
Pretty Stable
Total Debt To Capitalization0.340.360.6514
Pretty Stable
Quick Ratio1.721.61.5628
Pretty Stable
Dividend Paid And Capex Coverage Ratio11.916.859.2078
Pretty Stable
Net Income Per E B T0.970.990.8121
Slightly volatile
Cash Ratio0.490.640.5984
Pretty Stable
Cash Conversion Cycle84.91116109
Slightly volatile
Operating Cash Flow Sales Ratio0.240.340.3195
Slightly volatile
Days Of Inventory Outstanding68.2889.5389.2396
Pretty Stable
Days Of Sales Outstanding69.0380.7286.0817
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.960.83220.8627
Slightly volatile
Cash Flow Coverage Ratios1.52.041.6304
Slightly volatile
Fixed Asset Turnover4.825.0813.6621
Slightly volatile
Capital Expenditure Coverage Ratio11.916.859.2078
Pretty Stable
Price Cash Flow Ratio40.4636.7839.6655
Slightly volatile
Debt Ratio0.150.120.1571
Slightly volatile
Cash Flow To Debt Ratio1.52.041.6304
Slightly volatile
Price Sales Ratio5.9610.917.9977
Slightly volatile
Asset Turnover0.730.70.6427
Very volatile
Gross Profit Margin0.580.730.7311
Pretty Stable

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 Earnings26.6667
Cash And Short Term Investments4.1 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 Revenue3.8 B4 B
Total Revenue6.8 B7.2 B
Cost Of Revenue1.3 B1.4 B
Stock Based Compensation To Revenue 0.04  0.05 
Sales General And Administrative To Revenue 0.05  0.07 
Research And Ddevelopement To Revenue 0.14  0.17 
Capex To Revenue 0.06  0.03 
Revenue Per Share 7.01  7.36 
Ebit Per Revenue 0.27  0.29 

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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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