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Fortinet, Inc.
Fortinet, Inc. Score & Ratio Trend
| Date | Score | P/E | P/B | D/E | Price |
|---|---|---|---|---|---|
| Oct 2026 | -24,798 | 66.9 | 92.12 | 0.36 | 18,806.66 |
| Oct 2026 | -24,450 | 68.2 | 91.27 | 0.36 | 18,472.18 |
| Oct 2026 | -23,691 | 67.4 | 90.23 | 0.36 | 18,166.78 |
| Oct 2026 | -21,931 | 65.0 | 87.06 | 0.36 | 17,475.09 |
| Oct 2026 | -21,372 | 66.6 | 86.05 | 0.36 | 17,274.36 |
| Oct 2026 | -18,019 | 59.8 | 80.00 | 0.36 | 16,019.14 |
| Oct 2026 | -18,640 | 60.6 | 81.12 | 0.36 | 16,261.01 |
| Oct 2026 | -18,491 | 60.4 | 80.86 | 0.36 | 16,206.96 |
| Oct 2026 | -19,309 | 61.5 | 82.33 | 0.36 | 16,462.03 |
| Oct 2026 | -19,028 | 61.1 | 81.82 | 0.36 | 16,327.72 |
| Oct 2026 | -20,866 | 63.6 | 85.14 | 0.36 | 17,059.84 |
Fortinet, Inc. Quarterly Results
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 2,047,900,000.0 | 1,849,600,000.0 | 1,905,000,000.0 | 1,724,900,000.0 |
| Net Profit | 606,300,000.0 | 534,500,000.0 | 506,000,000.0 | 473,900,000.0 |
| EPS | 0.8 | 0.7 | 0.7 | 0.6 |
Fortinet, Inc. Revenue & Profit: Last 5 Years
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Revenue | 6,799,600,000.0 | 5,955,800,000.0 | 5,304,800,000.0 | 4,417,400,000.0 | — |
| Net Profit | 1,853,400,000.0 | 1,745,200,000.0 | 1,147,800,000.0 | 857,300,000.0 | — |
| EPS | 2.5 | 2.3 | 1.5 | 1.1 | — |
Fortinet, Inc. Balance Sheet
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Total Assets | 10,389,200,000.0 | 9,763,100,000.0 | 7,258,900,000.0 | 6,228,000,000.0 | — |
| Total Liabilities | 9,151,700,000.0 | 8,269,300,000.0 | 7,722,300,000.0 | 6,509,600,000.0 | — |
| Total Equity | 1,237,500,000.0 | 1,493,800,000.0 | -463,400,000.0 | -281,600,000.0 | — |
Owes vs Owns
Fortinet, Inc. owed $0.86 for every $1 it owned in Jun 2026, down from $1.05 in Dec 2022.
| Period | Jun 2026 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
| Owes vs Owns | 0.86× | 0.88× | 0.85× | 1.06× | 1.05× |
Everything the company owes ÷ everything it owns. Below 1× it owns more than it owes; above 1× it owes more than it owns.
Fortinet, Inc. Assets & Liabilities Breakdown (USD millions)
What it owns — Dec 2025
Cash & short-term investments 34.5%Receivables 16.3%Inventory 3.8%Fixed assets (tangible) 15.6%Intangible assets 3.4%Long-term investments 3.3%Other assets 23.1%
How it's funded — Dec 2025
Short-term debt 4.8%Long-term debt 4.8%Payables 2.2%Other liabilities 76.3%Shareholders' equity 11.9%
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | 3,582.5 | 4,066.5 | 2,440.4 | 2,211.0 |
| Receivables | 1,691.2 | 1,463.4 | 1,402.0 | 1,261.7 |
| Inventory | 399.5 | 315.5 | 484.8 | 264.6 |
| Fixed assets (tangible) | 1,619.0 | 1,349.5 | 1,044.4 | 898.5 |
| Intangible assets | 354.7 | 350.4 | 161.8 | 184.0 |
| Long-term investments | 339.7 | 0.0 | 0.0 | 45.5 |
| Other assets | 2,402.6 | 2,217.8 | 1,725.5 | 1,362.7 |
| Liabilities & equity | ||||
| Short-term debt | 499.7 | 0.0 | 0.0 | 0.0 |
| Long-term debt | 496.6 | 994.3 | 992.3 | 990.4 |
| Payables | 230.8 | 190.9 | 204.3 | 243.4 |
| Other liabilities | 7,924.6 | 7,084.1 | 6,525.7 | 5,275.8 |
| Shareholders' equity | 1,237.5 | 1,493.8 | -463.4 | -281.6 |
| Net tangible assets | 882.8 | 1,143.4 | -625.2 | -465.6 |
Fortinet, Inc. Cash Flow
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Operating Activities | 2,590,600,000.0 | 2,258,100,000.0 | 1,935,500,000.0 | 1,730,600,000.0 | — |
| Investing Activities | -599,100,000.0 | -727,400,000.0 | -649,300,000.0 | 763,900,000.0 | — |
| Financing Activities | -2,371,500,000.0 | -50,100,000.0 | -1,570,400,000.0 | -2,130,300,000.0 | — |