Fortinet Gross Profit from 2010 to 2024

FTNT Stock

USD 93.12 0.35 0.38%

Fortinet Gross Profit yearly trend continues to be comparatively stable with very little volatility. Gross Profit is likely to outpace its year average in 2024. Gross Profit is the profit Fortinet makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

2007-03-31

Previous Quarter

1.2 B

Current Value

1.2 B

Quarterly Volatility

336.2 M

Housing Crash

Credit Downgrade

Yuan Drop

Covid

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.

Latest Fortinet's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Fortinet over the last few years. Gross profit is a required income statement account that reflects total revenue of Fortinet minus its cost of goods sold. It is profit before Fortinet operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Fortinet's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortinet's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 3.33 B

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Fortinet Gross Profit Regression Statistics

	Arithmetic Mean	1,585,882,067
	Geometric Mean	1,012,304,006
	Coefficient Of Variation	87.13
	Mean Deviation	1,118,625,013
	Median	1,109,646,000
	Standard Deviation	1,381,854,758
	Sample Variance	1909522.6T
	Range	4.2B
	R-Value	0.94
	Mean Square Error	220015.8T
	R-Squared	0.89
	Slope	291,995,050
	Total Sum of Squares	26733316T

Fortinet Gross Profit History

	2024	4.3 B
	2023	4.1 B
	2022	3.3 B
	2021	2.6 B
	2020	2 B
	2019	1.7 B
	2018	1.4 B

Other Fundumenentals of Fortinet

Gross Profit Margin

Fortinet Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Intangible Assets	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Good Will	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Debt Total
Total Assets		-0.44	0.99	-0.25	-0.87	0.97	0.98	0.88	0.98	1.0	0.63	0.85	0.99	0.8	-0.55	0.86	0.9	-0.45	0.97	0.39	0.35	0.8	0.67
Total Stockholder Equity	-0.44		-0.55	-0.52	0.82	-0.5	-0.57	-0.12	-0.59	-0.38	-0.28	-0.76	-0.58	-0.08	0.98	-0.08	-0.64	0.49	-0.42	0.42	0.52	-0.83	-0.69
Current Deferred Revenue	0.99	-0.55		-0.2	-0.93	0.97	1.0	0.82	1.0	0.98	0.62	0.91	1.0	0.72	-0.64	0.82	0.95	-0.54	0.95	0.26	0.23	0.87	0.74
Net Debt	-0.25	-0.52	-0.2		-0.05	-0.28	-0.2	-0.24	-0.12	-0.34	-0.18	0.02	-0.16	-0.4	-0.46	-0.61	-0.21	0.37	-0.24	-0.35	-0.49	0.1	0.19
Retained Earnings	-0.87	0.82	-0.93	-0.05		-0.89	-0.94	-0.59	-0.94	-0.84	-0.57	-0.96	-0.94	-0.54	0.87	-0.62	-0.94	0.62	-0.83	0.04	0.1	-0.96	-0.8
Accounts Payable	0.97	-0.5	0.97	-0.28	-0.89		0.98	0.76	0.96	0.96	0.62	0.87	0.97	0.8	-0.61	0.84	0.92	-0.52	0.96	0.27	0.23	0.83	0.59
Net Receivables	0.98	-0.57	1.0	-0.2	-0.94	0.98		0.79	0.99	0.97	0.61	0.92	0.99	0.72	-0.66	0.81	0.96	-0.56	0.95	0.22	0.19	0.89	0.73
Short Term Investments	0.88	-0.12	0.82	-0.24	-0.59	0.76	0.79		0.81	0.88	0.51	0.58	0.81	0.72	-0.23	0.79	0.64	-0.16	0.86	0.64	0.61	0.5	0.56
Total Liab	0.98	-0.59	1.0	-0.12	-0.94	0.96	0.99	0.81		0.97	0.62	0.91	1.0	0.73	-0.68	0.79	0.93	-0.5	0.95	0.27	0.21	0.88	0.74
Total Current Assets	1.0	-0.38	0.98	-0.34	-0.84	0.96	0.97	0.88	0.97		0.62	0.82	0.97	0.8	-0.48	0.89	0.89	-0.48	0.96	0.41	0.39	0.77	0.65
Short Term Debt	0.63	-0.28	0.62	-0.18	-0.57	0.62	0.61	0.51	0.62	0.62		0.57	0.63	0.58	-0.41	0.63	0.55	-0.29	0.61	0.22	0.19	0.5	0.38
Common Stock	0.85	-0.76	0.91	0.02	-0.96	0.87	0.92	0.58	0.91	0.82	0.57		0.9	0.46	-0.82	0.58	0.95	-0.61	0.77	-0.1	-0.13	0.99	0.82
Property Plant Equipment	0.99	-0.58	1.0	-0.16	-0.94	0.97	0.99	0.81	1.0	0.97	0.63	0.9		0.74	-0.67	0.8	0.93	-0.52	0.96	0.28	0.23	0.87	0.72
Intangible Assets	0.8	-0.08	0.72	-0.4	-0.54	0.8	0.72	0.72	0.73	0.8	0.58	0.46	0.74		-0.22	0.86	0.54	-0.1	0.84	0.65	0.59	0.4	0.18
Net Tangible Assets	-0.55	0.98	-0.64	-0.46	0.87	-0.61	-0.66	-0.23	-0.68	-0.48	-0.41	-0.82	-0.67	-0.22		-0.19	-0.7	0.46	-0.52	0.34	0.45	-0.87	-0.67
Capital Surpluse	0.86	-0.08	0.82	-0.61	-0.62	0.84	0.81	0.79	0.79	0.89	0.63	0.58	0.8	0.86	-0.19		0.72	-0.41	0.85	0.49	0.52	0.5	0.43
Deferred Long Term Liab	0.9	-0.64	0.95	-0.21	-0.94	0.92	0.96	0.64	0.93	0.89	0.55	0.95	0.93	0.54	-0.7	0.72		-0.73	0.85	0.01	0.03	0.94	0.77
Long Term Investments	-0.45	0.49	-0.54	0.37	0.62	-0.52	-0.56	-0.16	-0.5	-0.48	-0.29	-0.61	-0.52	-0.1	0.46	-0.41	-0.73		-0.4	0.28	0.17	-0.63	-0.53
Good Will	0.97	-0.42	0.95	-0.24	-0.83	0.96	0.95	0.86	0.95	0.96	0.61	0.77	0.96	0.84	-0.52	0.85	0.85	-0.4		0.47	0.43	0.73	0.57
Net Invested Capital	0.39	0.42	0.26	-0.35	0.04	0.27	0.22	0.64	0.27	0.41	0.22	-0.1	0.28	0.65	0.34	0.49	0.01	0.28	0.47		0.96	-0.16	-0.17
Net Working Capital	0.35	0.52	0.23	-0.49	0.1	0.23	0.19	0.61	0.21	0.39	0.19	-0.13	0.23	0.59	0.45	0.52	0.03	0.17	0.43	0.96		-0.19	-0.16
Capital Stock	0.8	-0.83	0.87	0.1	-0.96	0.83	0.89	0.5	0.88	0.77	0.5	0.99	0.87	0.4	-0.87	0.5	0.94	-0.63	0.73	-0.16	-0.19		0.83
Long Term Debt Total	0.67	-0.69	0.74	0.19	-0.8	0.59	0.73	0.56	0.74	0.65	0.38	0.82	0.72	0.18	-0.67	0.43	0.77	-0.53	0.57	-0.17	-0.16	0.83

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About Fortinet Financial Statements

Fortinet shareholders use historical fundamental indicators, such as Gross Profit, 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 Reported	Projected for Next Year
Gross Profit	4.1 B	4.3 B
Gross Profit Margin	0.77	0.58

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