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Fortinet FTNT Net margin

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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$118.82B+57.5%
Enterprise value$116.39B+59.1%
P/E56×+17.1×
P/S15.8×+3.9×

Profitability

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Gross margin80.2%-1.1pp
Operating margin32.4%+1.6pp
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

Calculated from Fortinet’s reported figures.

Based on trailing twelve months.

The source filing: Fortinet’s 8-K, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:08 PM EDT
Accession
0001262039-26-000018

FAQ

What is Fortinet's net margin?
Fortinet (FTNT) reported net margin of 28.2% in Q2 2026.
How has Fortinet's net margin changed year-over-year?
Fortinet's net margin decreased by 7.9% year-over-year, from 30.6% to 28.2%.
What is the long-term trend for Fortinet's net margin?
Over 5 years (2020 to 2025), Fortinet's net margin has grown at a 7.7% compound annual growth rate (CAGR), from 18.8% to 27.3%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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