Fortinet, Inc. (FTNT)

Growth

Revenue 5Y22.62%
Revenue 3Y24.35%
EPS 5Y81.95%
EPS 3Y23.70%
Dividend 5Y-
Dividend 3Y-

Capital Efficiency

ROIC32.34%
ROE-10531.91%
ROA13.92%
ROTA14.02%

Capital Structure

Market Cap41.01B
EV41.03B
Cash964M
Current Ratio1.07
Debt/Equity1.12
Net Debt/EBITDA0.03
Show More

Income Statement

Select a metric from the list below to chart it

Dec '06
Dec '09
Dec '12
Dec '15
Dec '18
Dec '21
Income Statement
Dec '13
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
TTM
Revenue
615.3
770.4
1,009.3
1,275.4
1,494.9
1,801.2
2,156.2
2,594.4
3,342.2
4,098.0
Revenue % Chg.
15.3%
25.2%
31.0%
26.4%
17.2%
20.5%
19.7%
20.3%
28.8%
31.1%
Cost of Revenue
180.6
231.0
286.8
337.8
385.3
450.4
505.9
570.0
783.0
1,015.9
Cost of Revenue % Chg.
22.5%
27.9%
24.1%
17.8%
14.0%
16.9%
12.3%
12.7%
37.4%
40.8%
Gross Profit
434.7
539.4
722.5
937.6
1,109.6
1,350.8
1,650.3
2,024.4
2,559.2
3,082.1
Gross Profit % Chg.
12.5%
24.1%
34.0%
29.8%
18.3%
21.7%
22.2%
22.7%
26.4%
28.2%
Gross Profit Margin
70.6%
70.0%
71.6%
73.5%
74.2%
75.0%
76.5%
78.0%
76.6%
75.2%
Gross Profit Margin % Chg.
-2.4%
-0.9%
2.2%
2.7%
1.0%
1.0%
2.1%
1.9%
-1.9%
-2.2%
R&D Expenses
102.7
122.9
158.1
183.1
210.6
244.5
277.1
341.4
424.2
496.1
R&D Expenses % Chg.
26.6%
19.7%
28.7%
15.8%
15.0%
16.1%
13.3%
23.2%
24.3%
23.8%
Selling, General, & Admin Expenses
259.9
357.2
541.9
707.6
788.9
875.3
1,029.0
1,191.4
1,489.2
1,763.9
Selling, General, & Admin Expenses % Chg.
27.0%
37.4%
51.7%
30.6%
11.5%
11.0%
17.6%
15.8%
25.0%
25.6%
Operating Income
72.1
59.3
14.9
42.9
109.8
231.0
344.2
531.8
650.4
826.7
Operating Income % Chg.
-28.3%
-17.7%
-74.9%
188.7%
155.7%
110.4%
49.0%
54.5%
22.3%
36.7%
Operating Income Margin
11.7%
7.7%
1.5%
3.4%
7.3%
12.8%
16.0%
20.5%
19.5%
20.2%
Operating Income Margin % Chg.
-37.8%
-34.3%
-80.9%
128.4%
118.2%
74.6%
24.5%
28.4%
-5.1%
4.3%
Total Other Income/Expenses Net
3.9
2.2
2.1
0.2
14.2
19.9
35.0
9.9
-22.0
-32.1
Total Other Income/Expenses Net % Chg.
-14.8%
-42.2%
-4.4%
-90.4%
6855.9%
40.2%
75.9%
-71.7%
-
165.3%
Income Before Tax
75.9
61.5
17.0
43.1
124.0
250.9
379.2
541.7
628.4
794.6
Income Before Tax % Chg.
-27.7%
-19.0%
-72.4%
153.7%
187.4%
102.3%
51.1%
42.9%
16.0%
34.0%
Income Before Tax Margin
12.3%
8.0%
1.7%
3.4%
8.3%
13.9%
17.6%
20.9%
18.8%
19.4%
Income Before Tax Margin % Chg.
-37.3%
-35.3%
-78.9%
100.8%
145.2%
67.9%
26.3%
18.7%
-10.0%
2.3%
Income Tax Expense
31.7
36.2
9.0
11.0
92.6
-81.3
52.7
53.2
14.1
25.3
Income Tax Expense % Chg.
-17.0%
14.3%
-75.1%
21.5%
744.8%
-
-
0.9%
-73.5%
-28.5%
Net Income
44.3
25.3
8.0
32.2
31.4
332.2
326.5
488.5
606.8
742.5
Net Income % Chg.
-33.8%
-42.8%
-68.5%
303.0%
-2.4%
958.0%
-1.7%
49.6%
24.2%
33.9%
Net Income Margin
7.2%
3.3%
0.8%
2.5%
2.1%
18.4%
15.1%
18.8%
18.2%
18.1%
Net Income Margin % Chg.
-42.5%
-54.3%
-75.9%
218.9%
-16.8%
778.1%
-17.9%
24.3%
-3.6%
2.2%
Weighted Avg. Shares Out
812.2
819.2
851.9
863.1
871.6
845.5
855.0
821.0
816.0
800.0
Weighted Avg. Shares Out % Chg.
2.8%
0.9%
4.0%
1.3%
1.0%
-3.0%
1.1%
-4.0%
-0.6%
-1.9%
EPS
0.1
0.0
0.0
0.0
0.0
0.4
0.4
0.6
0.7
0.9
EPS % Chg.
-35.7%
-44.4%
-66.7%
280.0%
-5.3%
988.9%
-2.6%
56.0%
24.8%
36.2%
Weighted Avg. Shares Out Dil
840.9
846.4
880.7
881.7
890.4
871.0
875.0
838.5
835.5
816.2
Weighted Avg. Shares Out Dil % Chg.
1.1%
0.7%
4.0%
0.1%
1.0%
-2.2%
0.5%
-4.2%
-0.4%
-2.1%
EPS Diluted
0.1
0.0
0.0
0.0
0.0
0.4
0.4
0.6
0.7
0.9
EPS Diluted % Chg.
-35.0%
-42.3%
-66.7%
260.0%
-
961.1%
-2.1%
55.6%
24.7%
36.4%
Interest Income
5.3
5.4
5.3
7.3
13.5
26.5
42.5
17.7
4.5
9.3
Interest Income % Chg.
6.0%
1.6%
-1.8%
37.9%
84.6%
96.6%
60.4%
-58.4%
-74.6%
-
Interest Expense
5.3
5.4
5.3
7.3
13.5
26.5
42.5
17.7
14.9
18.0
Interest Expense % Chg.
6.0%
1.6%
-1.8%
37.9%
84.6%
96.6%
60.4%
-58.4%
-15.8%
65.1%
EBIT
75.9
61.5
17.0
43.1
124.0
250.9
379.2
541.7
618.0
785.9
EBIT % Chg.
-27.7%
-19.0%
-72.4%
153.7%
187.4%
102.3%
51.1%
42.9%
14.1%
35.1%
EBIT Margin
12.3%
8.0%
1.7%
3.4%
8.3%
13.9%
17.6%
20.9%
18.5%
19.2%
EBIT Margin % Chg.
-37.3%
-35.3%
-78.9%
100.8%
145.2%
67.9%
26.3%
18.7%
-11.4%
3.0%
Depreciation & Amortization
15.6
22.0
31.6
48.5
55.5
55.7
61.6
68.8
84.4
102.3
Depreciation & Amortization % Chg.
35.1%
41.0%
43.4%
53.6%
14.3%
0.4%
10.6%
11.7%
22.7%
35.0%
EBITDA
91.6
83.6
48.6
91.7
179.5
306.6
440.8
610.5
702.4
888.2
EBITDA % Chg.
-21.4%
-8.7%
-41.9%
88.6%
95.8%
70.8%
43.8%
38.5%
15.1%
35.0%
EBITDA Margin
14.9%
10.8%
4.8%
7.2%
12.0%
17.0%
20.4%
23.5%
21.0%
21.7%
EBITDA Margin % Chg.
-31.9%
-27.1%
-55.6%
49.3%
67.0%
41.8%
20.1%
15.1%
-10.7%
3.0%