Fortinet, Inc.
FTNTNasdaq · SIC 3577
$161.61
↑ +0.5%Jul 17 close · end-of-day
Price
1Y↑ +56.2%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$120.0B
Enterprise Value
$118.3B
P/E
62.6
P/S
16.9
P/B
121.3
EV/EBITDA
50.0
PEG
2.0
FCF Yield
—
Dividend Yield
—
Revenue (TTM)
$7.1B
Net Income (TTM)
$2.0B
Free Cash Flow (TTM)
—
Gross Margin
80.3%
Operating Margin
31.1%
Net Margin
27.5%
ROE
197.5%
ROIC
—
Debt / Equity
0.5
Net Cash
$1.7B
Return 1Y
+54.0%
Company profile
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions. Fortinet also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices.
- CEO
- Ken Xie
- Sector
- Manufacturing
- Industry
- Computer Hardware
- Employees
- 12,600
- Headquarters
- California
- Website
- fortinet.com
Management & directors
- Xie MichaelVP, ENGINEERING & CTO
- Xie KenPRESIDENT & CEO
- Whittle JohnCHIEF OPERATING OFFICER
- Ohlgart ChristianeChief Financial Officer
Roles derived from SEC Form 4 filings.
Earnings
Next earnings · estimated2026-08-05
FTNT Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$1.8B↑ +20.1%
Diluted EPS$0.72↑ +28.6%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.6B | $3.3B | $4.4B | $5.3B | $6.0B | $6.8B |
| Gross profit | $2.0B | $2.6B | $3.3B | $4.1B | $4.8B | $5.5B |
| Operating income | $531.8M | $650.4M | $969.6M | $1.2B | $1.8B | $2.1B |
| Net income | $488.5M | $606.8M | $857.3M | $1.1B | $1.7B | $1.9B |
| Diluted EPS | $0.58 | $0.73 | $1.06 | $1.46 | $2.26 | $2.42 |
| Operating cash flow | $1.1B | $1.5B | $1.7B | $1.9B | $2.3B | $2.6B |
| Free cash flow | — | — | — | — | — | — |
| Gross margin | 78.0% | 76.6% | 75.4% | 76.7% | 80.6% | 80.5% |
| Operating margin | 20.5% | 19.5% | 21.9% | 23.4% | 30.3% | 30.7% |
| Net margin | 18.8% | 18.2% | 19.4% | 21.6% | 29.3% | 27.3% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.7B | $1.5B | $1.6B | $1.7B | $1.9B | $1.8B |
| Gross profit | $1.2B | $1.2B | $1.3B | $1.2B | $1.3B | $1.4B | $1.5B | $1.5B |
| Operating income | $437.2M | $470.9M | $574.1M | $453.8M | $458.0M | $547.3M | $625.6M | $580.0M |
| Net income | $379.8M | $539.9M | $526.2M | $433.4M | $440.1M | $473.9M | $506.0M | $534.5M |
| Diluted EPS | $0.49 | $0.70 | $0.68 | $0.56 | $0.57 | $0.62 | $0.67 | $0.72 |
| Operating cash flow | $342.0M | $608.1M | $477.6M | $863.3M | $451.9M | $655.2M | $620.2M | $1.1B |
| Free cash flow | $318.9M | $571.8M | — | $796.8M | $284.1M | $567.5M | — | $1.0B |
| Gross margin | 80.8% | 82.5% | 81.1% | 81.0% | 80.7% | 80.8% | 79.6% | 80.3% |
| Operating margin | 30.5% | 31.2% | 34.6% | 29.5% | 28.1% | 31.7% | 32.8% | 31.4% |
| Net margin | 26.5% | 35.8% | 31.7% | 28.1% | 27.0% | 27.5% | 26.6% | 28.9% |
Company news
Jul 20, 2026
- 3h agoWall Street Just Supersized Its Price Targets on Okta and Fortinet. Are Cybersecurity Stocks a Must-Own in 2026?247wallst.com
- 4h agoThe Biggest Problem For GE Stock Is Also Its Biggest Opportunitytrefis.com
- 7h agoZS' Zero Trust Everywhere Gains Steam: Will It Fuel Revenue Growth?finance.yahoo.com
Jul 18, 2026
Jul 17, 2026
- 3d agoJim Cramer Says There Will Always Be Another DeepSeek — Here Are the 5 Best Cybersecurity Stocks to Own Right Now247wallst.com
- 3d agoStocks Tumble as the Rout in Chipmakers Deepensbarchart.com
- 3d agoIs It Time to Buy the Dip on SNPS Stock at $417?trefis.com
- 3d agoFortinet Stock Is Pricing In A Much Bigger Futuretrefis.com
- 3d agoWhat to Expect From Fortinet's Q2 2026 Earnings Reportbarchart.com
Jul 15, 2026
- 4d agoCisco Stock's Independent Streak Is Its Edgetrefis.com
- 5d agoWhy Inflation Data Just Lit A Fire Under CRWD Stocktrefis.com
- 5d agoAll You Need to Know About Fortinet (FTNT) Rating Upgrade to Strong Buyfinance.yahoo.com
- 5d agoIs PANW Stock A Smart Buy As AI Rewrites The Rules Of Cybersecurity?trefis.com
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-06-11 | Napolitano Janet | Option exercise | 650 | $0.00 | $0.00 | filing |
| 2026-06-11 | Hsieh Ming | Option exercise | 650 | $0.00 | $0.00 | filing |
| 2026-06-11 | Sim Judith | Option exercise | 650 | $0.00 | $0.00 | filing |
| 2026-06-11 | STAVRIDIS JAMES G. | Option exercise | 650 | $0.00 | $0.00 | filing |
| 2026-06-11 | Hu Jean X. | Option exercise | 650 | $0.00 | $0.00 | filing |
| 2026-06-11 | GOLDMAN KENNETH A | Option exercise | 650 | $0.00 | $0.00 | filing |
| 2026-06-04 | Xie Michael· VP, ENGINEERING & CTO | Gift | 2,250 | $0.00 | $0.00 | filing |
| 2026-06-04 | Xie Michael· VP, ENGINEERING & CTO | Gift | 2,500 | $0.00 | $0.00 | filing |
| 2026-06-04 | Xie Michael· VP, ENGINEERING & CTO | Gift | 500 | $0.00 | $0.00 | filing |
| 2026-06-03 | Xie Michael· VP, ENGINEERING & CTO | Sale | 2,337 | $146.55 | $342,487.82 | filing |
| 2026-06-03 | Xie Michael· VP, ENGINEERING & CTO | Sale | 564 | $147.71 | $83,307.09 | filing |
| 2026-06-03 | Xie Michael· VP, ENGINEERING & CTO | Sale | 464 | $144.46 | $67,028.51 | filing |
| 2026-06-03 | Xie Michael· VP, ENGINEERING & CTO | Sale | 410 | $145.72 | $59,744.54 | filing |
| 2026-06-03 | Xie Michael· VP, ENGINEERING & CTO | Sale | 132 | $148.30 | $19,575.72 | filing |
| 2026-06-02 | Xie Ken· PRESIDENT & CEO | Sale | 39,854 | $144.29 | $5.8M | filing |
| 2026-06-02 | Xie Ken· PRESIDENT & CEO | Sale | 37,540 | $146.36 | $5.5M | filing |
| 2026-06-02 | Xie Ken· PRESIDENT & CEO | Option exercise | 155,000 | $22.90 | $3.5M | filing |
| 2026-06-02 | Xie Ken· PRESIDENT & CEO | Sale | 19,867 | $143.43 | $2.8M | filing |
| 2026-06-02 | Xie Ken· PRESIDENT & CEO | Sale | 18,492 | $148.24 | $2.7M | filing |
| 2026-06-02 | Xie Ken· PRESIDENT & CEO | Sale | 13,790 | $147.37 | $2.0M | filing |
| 2026-06-02 | Xie Ken· PRESIDENT & CEO | Sale | 12,821 | $145.04 | $1.9M | filing |
| 2026-06-02 | Xie Ken· PRESIDENT & CEO | Sale | 9,641 | $142.37 | $1.4M | filing |
| 2026-06-02 | Xie Ken· PRESIDENT & CEO | Sale | 8,627 | $148.94 | $1.3M | filing |
| 2026-05-21 | Whittle John· CHIEF OPERATING OFFICER | Sale | 86,820 | $128.15 | $11.1M | filing |
| 2026-05-21 | Whittle John· CHIEF OPERATING OFFICER | Sale | 54,979 | $128.74 | $7.1M | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.