Skip to content
Screener

Fortinet FTNT Operating margin

Operating margin at other companies

Microsoft logo
MicrosoftMSFT
46.8%+1.2pp
Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
23.4%+3.1pp
F5, Inc. logo
F5, Inc.FFIV
24.5%-0.3pp
Netscout Systems logo
Netscout SystemsNTCT
12.8%+7.2pp
Extreme Networks logo
Extreme NetworksEXTR
3.3%+2.3pp
Netgear logo
NetgearNTGR
-5%

Other financials

Income statement

See full
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

See full
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

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

Valuation

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

Profitability

See full
Gross margin80.2%-1.1pp
Net margin28.2%-2.4pp
FCF margin41.4%+9.3pp

Returns & leverage

See full
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 operating margin?
Fortinet (FTNT) reported operating margin of 32.4% in Q2 2026.
How has Fortinet's operating margin changed year-over-year?
Fortinet's operating margin increased by 5.1% year-over-year, from 30.9% to 32.4%.
What is the long-term trend for Fortinet's operating margin?
Over 5 years (2020 to 2025), Fortinet's operating margin has grown at a 8.4% compound annual growth rate (CAGR), from 20.5% to 30.7%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

Ask your AI about Fortinet's operating margin.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude