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Fortinet FTNT United States — PROPERTY AND EQUIPMENT—NET

Other geography segments

Canada
$216.8M

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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 united states — PROPERTY AND EQUIPMENT—NET?
Fortinet (FTNT) reported united states — PROPERTY AND EQUIPMENT—NET of $1.07B in Q1 2026.
How has Fortinet's united states — PROPERTY AND EQUIPMENT—NET changed year-over-year?
Fortinet's united states — PROPERTY AND EQUIPMENT—NET increased by 7.9% year-over-year, from $993.5M to $1.07B.
What is the long-term trend for Fortinet's united states — PROPERTY AND EQUIPMENT—NET?
Over 4 years (2021 to 2025), Fortinet's united states — PROPERTY AND EQUIPMENT—NET has grown at a 27.3% compound annual growth rate (CAGR), from $1.52B to $4B.
What does united states — PROPERTY AND EQUIPMENT—NET mean?
This metric reflects the net book value of tangible assets, such as facilities, hardware, and infrastructure, located within the United States after accounting for accumulated depreciation. It provides insight into the scale of the company's physical operational footprint and capital investment intensity required to support regional business activities. Monitoring this balance helps analysts evaluate the asset base supporting the company's domestic service delivery and operational capacity.

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