When did Fortinet report Q4 2024 earnings?

Fortinet (FTNT) reported Q4 2024 earnings on February 6, 2025 after market close.

What were Fortinet's Q4 2024 revenue and EPS?

Fortinet reported revenue of $1.7B and diluted EPS of $0.74 for Q4 2024.

Did Fortinet beat estimates in Q4 2024?

Revenue beat the consensus estimate of $1.6B by $67.5M. EPS beat the consensus estimate of $0.60 by $0.14.

Where can I find Fortinet's Q4 2024 SEC filings?

You can read the 10-K periodic report (0001262039-25-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.

Fortinet FTNT Q4 2024 Annual earnings

Reported February 6, 2025 · After market close

Revenue$1.7BBeat by $67.5M Diluted EPS$0.74Beat by $0.14

Revenue estimate$1.6B

EPS estimate$0.60

Next report

Aug 5, 2026 (in a month)

Revenue estimate$1.9B

EPS estimate$0.74

Financials

Q4 2024

Income statement

See full

Revenue$1.7B+17.3%

Gross profit$1.3B+22.4%

Operating income$574.1M+49.0%

Net income$526.2M+69.3%

EPS (diluted)$0.68+65.9%

Balance sheet

See full

Cash & equivalents$2.9B+106%

Total debt$1.1B+0.2%

Total equity$1.5B+422%

Total assets$9.8B+34.5%

Cash flow

See full

Operating cash flow$477.6M+149%

CapEx$97.6M+263%

Free cash flow$380.0M+131%

Valuation & ratios

Valuation

as of 12/31/24

See full

Market cap$72.41B+61.7%

Enterprise value$70.61B+58.9%

P/E41.5×+2.5×

P/S12.2×+3.7×

Profitability

See full

Gross margin80.6%+3.9pp

Operating margin30.3%+6.9pp

Net margin29.3%+7.7pp

FCF margin31.6%-1.1pp

Returns & leverage

See full

Debt / equity0.7×—

Current ratio1.5×+0.3×

Segments

By product

See full

Security subscription$625.3M+19.2%

Technical support and other$460.8M+14.5%

By segment

See full

Reportable Segment$1.7B+25.2%

By geography

See full

Other Americas$184.9M+21.0%

Versus estimates

Revenue

Q1 2026$1.8BBeat by $116.4M Q4 2025$1.9BBeat by $45.3M Q3 2025$1.7BBeat by $20.6M Q2 2025$1.6BBeat by $4.9M Q1 2025$1.5BBeat by $1.2M

Q4 2024$1.7BBeat by $67.5M

Diluted EPS

Q1 2026$0.82Beat by $0.20 Q4 2025$0.81Beat by $0.07 Q3 2025$0.74Beat by $0.11 Q2 2025$0.64Beat by $0.05 Q1 2025$0.58Beat by $0.05

Q4 2024$0.74Beat by $0.14

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Questions, answered.

When did Fortinet report Q4 2024 earnings?: Fortinet (FTNT) reported Q4 2024 earnings on February 6, 2025 after market close.
What were Fortinet's Q4 2024 revenue and EPS?: Fortinet reported revenue of $1.7B and diluted EPS of $0.74 for Q4 2024.
Did Fortinet beat estimates in Q4 2024?: Revenue beat the consensus estimate of $1.6B by $67.5M. EPS beat the consensus estimate of $0.60 by $0.14.
Where can I find Fortinet's Q4 2024 SEC filings?: You can read the 10-K periodic report (0001262039-25-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.