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Fortinet FTNT Raw materials

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$22.38M+88.7%

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$117.13B+105%
Enterprise value$114.69B+109%
P/E55.2×+25.8×
P/S15.6×+6.5×

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:InventoryRawMaterialsNetOfReserves.

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
Line itemMarch 31,2026December 31,2025
Raw materials$62.6$61.9
Work in process1.93.0
Finished goods305.1334.6
Inventory$369.6$399.5

Item 1. Financial Statements (unaudited)

FAQ

What is Fortinet's raw materials?
Fortinet (FTNT) reported raw materials of $62.6M in Q1 2026.
How has Fortinet's raw materials changed year-over-year?
Fortinet's raw materials decreased by 22.4% year-over-year, from $80.7M to $62.6M.
What is the long-term trend for Fortinet's raw materials?
Over 5 years (2020 to 2025), Fortinet's raw materials has grown at a 35.0% compound annual growth rate (CAGR), from $13.8M to $61.9M.
What does raw materials mean?
Unprocessed materials and components purchased for use in manufacturing, valued at cost.

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