Fortinet, Inc.

BIT:1FTNT Stock Report

Market Cap: €99.2b

Fortinet Past Earnings Performance

Past criteria checks 4/6

Fortinet has been growing earnings at an average annual rate of 27.5%, while the Software industry saw earnings declining at 20.7% annually. Revenues have been growing at an average rate of 16.7% per year. Fortinet's return on equity is 136.7%, and it has net margins of 28.2%.

Key information

27.50%

Earnings growth rate

28.97%

EPS growth rate

Software Industry Growth10.11%
Revenue growth rate16.70%
Return on equity136.72%
Net Margin28.17%
Last Earnings Update30 Jun 2026

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

BIT:1FTNT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 267,5272,1212,754846
31 Mar 267,1101,9552,673831
31 Dec 256,8001,8532,581816
30 Sep 256,5551,8742,476802
30 Jun 256,3381,9402,419787
31 Mar 256,1421,8792,328742
31 Dec 245,9561,7452,283717
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

Quality Earnings: 1FTNT has high quality earnings.

Growing Profit Margin: 1FTNT's current net profit margins (28.2%) are lower than last year (30.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 1FTNT's earnings have grown significantly by 27.5% per year over the past 5 years.

Accelerating Growth: 1FTNT's earnings growth over the past year (9.3%) is below its 5-year average (27.5% per year).

Earnings vs Industry: 1FTNT earnings growth over the past year (9.3%) exceeded the Software industry -33.7%.

Return on Equity

High ROE: 1FTNT's Return on Equity (136.7%) is considered outstanding.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 19:39
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

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 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 Github.

Analyst Sources

Fortinet, Inc. is covered by 69 analysts. 42 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ellie BagshawArete Research Services LLP
Shrenik KothariBaird
Danny KaplanBarclays