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Fortinet FTNT Canada — PROPERTY AND EQUIPMENT—NET

Other geography segments

United States
$993.5M

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Other financials

Income statement

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Revenue$2.0B+25.6%
Gross profit$1.6B+24.9%
Operating income$689.3M+50.5%
Net income$606.3M+37.8%
EPS (diluted)$0.82+43.9%

Balance sheet

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Cash & equivalents$2.9B-12.9%
Total debt$496.9M-54.4%
Total equity$1.6B-24.7%
Total assets$10.9B+2.0%

Cash flow

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Operating cash flow$1.0B+131%
CapEx$78.0M-53.5%
Free cash flow$965.6M+240%

Valuation

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Market cap$120.42B+62.9%
Enterprise value$117.99B+64.7%
P/E56.8×+18.7×
P/S16×+4.3×

Profitability

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Gross margin80.2%-1.1pp
Operating margin32.4%+1.6pp
Net margin28.2%-2.4pp
FCF margin41.4%+9.3pp

Returns & leverage

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Return on equity117.4%-47.7pp
Debt / equity0.3×-0.2×
Current ratio1.3×0.0×

Where this comes from

Reported directly by Fortinet in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentNet.

The source filing: Fortinet’s 10-Q, filed May 8, 2026.

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001262039-26-000013
Property and Equipment—netMarch 31,2026December 31,2025
Americas:
United States$1,072.1$1,000.8
Canada330.9329.2
Latin America4.44.9
Total Americas1,407.41,334.9
EMEA211.4211.3
APAC72.772.8
Total property and equipment—net$1,691.5$1,619.0

Item 1. Financial Statements (unaudited)

FAQ

What is Fortinet's canada — PROPERTY AND EQUIPMENT—NET?
Fortinet (FTNT) reported canada — PROPERTY AND EQUIPMENT—NET of $330.9M in Q1 2026.
How has Fortinet's canada — PROPERTY AND EQUIPMENT—NET changed year-over-year?
Fortinet's canada — PROPERTY AND EQUIPMENT—NET increased by 53.3% year-over-year, from $215.8M to $330.9M.
What is the long-term trend for Fortinet's canada — PROPERTY AND EQUIPMENT—NET?
Over 4 years (2021 to 2025), Fortinet's canada — PROPERTY AND EQUIPMENT—NET has grown at a 20.2% compound annual growth rate (CAGR), from $573.4M to $1.2B.
What does canada — PROPERTY AND EQUIPMENT—NET mean?
This metric represents the net book value of tangible assets, such as facilities, hardware, and infrastructure, located within the Canadian geographic segment. It reflects the cumulative investment in physical capital required to support regional operations, sales, and service delivery. Investors use this to assess the scale of physical footprint and the long-term capital intensity of the company's regional presence.

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