What are Fortinet's profit margins?

Fortinet (FTNT) runs a 80.3% gross margin and a 31.1% operating margin, with a 27.5% net margin.

Where do Fortinet's ratios come from?

Every ratio is computed from Fortinet's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Fortinet FTNT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	324%+8.5pp	315.5%+10.2pp	305.3%+3.9pp	301.4%-7.9pp
Operating margin	124.1%+15.5pp	108.6%+15.0pp	93.5%+13.4pp	80.1%+2.2pp
Net margin	117%+15.0pp	102%+16.4pp	85.6%+12.6pp	73%+1.4pp
Efficiency
Asset turnover	2.8×-0.1×	2.9×-0.3×	3.1×+0.3×	2.8×+0.2×
Liquidity
Current ratio	4.9×-0.4×	5.3×+0.1×	5.2×+0.5×	4.7×-2.6×
Leverage
Debt-to-equity	3.4×—	——	——	——
Net debt / EBITDA	-3.4×-0.3×	-3.1×0.0×	-3.1×-3.3×	0.2×+4.3×
Per Share
Book value per share	$7.78+135%	$3.31+4,440%	-$0.08+94.4%	-$1.36-114%
Valuation
Market capitalization	$277.43B+20.8%	$229.68B+13.8%	$201.83B+15.1%	$175.39B+0.6%
Price / earnings	146.8×-11.8×	158.6×-29.9×	188.6×-58.9×	247.4×-70.6×
Price / sales	43.2×+2.7×	40.5×+0.3×	40.2×-4.6×	44.8×-12.1×
Price / book	211.9×—	——	——	——
EV / EBITDA	126.5×-8.7×	135.2×-18.9×	154.1×-47.2×	201.2×-54.2×

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Questions, answered.

What are Fortinet's profit margins?: Fortinet (FTNT) runs a 80.3% gross margin and a 31.1% operating margin, with a 27.5% net margin.
Where do Fortinet's ratios come from?: Every ratio is computed from Fortinet's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.