Fortinet, Inc.

BOVESPA:F1TN34 Stock Report

Market Cap: R$463.4b

Fortinet Past Earnings Performance

Past criteria checks 5/6

Fortinet has been growing earnings at an average annual rate of 29%, while the Software industry saw earnings growing at 13.6% annually. Revenues have been growing at an average rate of 21.6% per year. Fortinet's return on equity is 168.5%, and it has net margins of 26.8%.

Key information

29.0%

Earnings growth rate

30.9%

EPS growth rate

Software Industry Growth14.9%
Revenue growth rate21.6%
Return on equity168.5%
Net Margin26.8%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Fortinet makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BOVESPA:F1TN34 Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 245,7111,5302,264678
30 Jun 245,5371,3132,234648
31 Mar 245,3961,1992,242636
31 Dec 235,3051,1482,217614
30 Sep 235,1731,1512,155590
30 Jun 234,9881,0592,065568
31 Mar 234,7259671,960539
31 Dec 224,4178571,855512
30 Sep 224,0987431,764496
30 Jun 223,8166741,679470
31 Mar 223,5876381,579452
31 Dec 213,3426071,489424
30 Sep 213,1275551,404401
30 Jun 212,9115151,317383
31 Mar 212,7274911,239358
31 Dec 202,5944891,191341
30 Sep 202,4654601,152324
30 Jun 202,3624171,109304
31 Mar 202,2683781,077289
31 Dec 192,1633321,029277
30 Sep 192,052396973271
30 Jun 191,958375940260
31 Mar 191,875349905254
31 Dec 181,805335875245
30 Sep 181,711121860234
30 Jun 181,63189833229
31 Mar 181,55362804219
31 Dec 171,49531789211
30 Sep 171,44186755201
30 Jun 171,38365739195
31 Mar 171,33141735190
31 Dec 161,27532708183
30 Sep 161,2094684180
30 Jun 161,1536647175
31 Mar 161,0819593167
31 Dec 151,0098540158
30 Sep 1593717488148
30 Jun 1587013438138
31 Mar 1581419391134
31 Dec 1477025357126
30 Sep 1472431323121
30 Jun 1468538299115
31 Mar 1464840281107
31 Dec 1361544260103

Quality Earnings: F1TN34 has high quality earnings.

Growing Profit Margin: F1TN34's current net profit margins (26.8%) are higher than last year (22.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: F1TN34's earnings have grown significantly by 29% per year over the past 5 years.

Accelerating Growth: F1TN34's earnings growth over the past year (33%) exceeds its 5-year average (29% per year).

Earnings vs Industry: F1TN34 earnings growth over the past year (33%) exceeded the Software industry 14.4%.

Return on Equity

High ROE: Whilst F1TN34's Return on Equity (168.47%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 11:29
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fortinet, Inc. is covered by 81 analysts. 41 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shrenik KothariBaird
Ishan MajumdarBaptista Research
Saket KaliaBarclays