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
FTNT
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% |