Financial Snapshot

Revenue
$5.711B
TTM
Gross Margin
79.63%
TTM
Net Earnings
$1.530B
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
134.42%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$908.1M
Q3 2024
Cash
Q3 2024
P/E
49.19
Nov 29, 2024 EST
Free Cash Flow
$1.664B
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Revenue $5.305B $4.417B $3.342B $2.594B $2.163B $1.801B $1.495B $1.275B $1.009B $770.4M $615.3M $533.6M $433.6M $324.7M $252.1M $211.8M $155.4M $123.5M $79.80M
YoY Change 20.09% 32.17% 28.82% 19.94% 20.09% 20.49% 17.21% 26.37% 31.01% 25.2% 15.3% 23.08% 33.53% 28.8% 19.03% 36.29% 25.83% 54.76% 106.2%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Revenue $5.305B $4.417B $3.342B $2.594B $2.163B $1.801B $1.495B $1.275B $1.009B $770.4M $615.3M $533.6M $433.6M $324.7M $252.1M $211.8M $155.4M $123.5M $79.80M
Cost Of Revenue $1.237B $1.085B $783.0M $570.0M $505.9M $450.4M $385.3M $337.8M $286.8M $231.0M $180.6M $147.4M $113.6M $85.21M $70.00M $65.50M $56.70M $41.00M $27.50M
Gross Profit $4.068B $3.333B $2.559B $2.024B $1.657B $1.354B $1.110B $937.6M $722.5M $539.4M $434.7M $386.2M $320.0M $239.5M $182.1M $146.3M $98.70M $82.50M $52.30M
Gross Profit Margin 76.68% 75.44% 76.57% 78.03% 76.61% 75.18% 74.23% 73.51% 71.59% 70.01% 70.64% 72.37% 73.8% 73.76% 72.23% 69.07% 63.51% 66.8% 65.54%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Selling, General & Admin $2.217B $1.855B $1.489B $1.191B $1.029B $875.3M $788.9M $707.6M $541.9M $357.2M $259.9M $204.7M $167.5M $134.3M $114.6M $104.4M $92.70M $67.10M $54.20M
YoY Change 19.52% 24.57% 25.0% 15.78% 17.56% 10.95% 11.49% 30.58% 51.72% 37.42% 26.99% 22.19% 24.67% 17.23% 9.77% 12.62% 38.15% 23.8% 25.17%
% of Gross Profit 54.51% 55.67% 58.19% 58.85% 62.1% 64.64% 71.1% 75.47% 75.0% 66.22% 59.8% 52.99% 52.35% 56.1% 62.93% 71.36% 93.92% 81.33% 103.63%
Research & Development $613.8M $512.4M $424.2M $341.4M $277.1M $244.5M $210.6M $183.1M $158.1M $122.9M $102.7M $81.08M $63.58M $49.80M $42.20M $37.00M $27.60M $21.40M $17.40M
YoY Change 19.79% 20.79% 24.25% 23.2% 13.33% 16.1% 15.02% 15.79% 28.69% 19.7% 26.62% 27.53% 27.66% 18.01% 14.05% 34.06% 28.97% 22.99% 20.0%
% of Gross Profit 15.09% 15.38% 16.58% 16.86% 16.72% 18.05% 18.98% 19.53% 21.89% 22.78% 23.62% 20.99% 19.87% 20.79% 23.17% 25.29% 27.96% 25.94% 33.27%
Depreciation & Amortization $113.4M $104.3M $84.40M $68.80M $61.60M $55.70M $55.50M $48.50M $31.59M $22.03M $15.62M $11.56M $6.989M $5.696M $5.900M $4.200M $4.200M $3.500M
YoY Change 8.72% 23.58% 22.67% 11.69% 10.59% 0.36% 14.43% 53.53% 43.4% 41.0% 35.1% 65.46% 22.7% -3.46% 40.48% 0.0% 20.0%
% of Gross Profit 2.79% 3.13% 3.3% 3.4% 3.72% 4.11% 5.0% 5.17% 4.37% 4.08% 3.59% 2.99% 2.18% 2.38% 3.24% 2.87% 4.26% 4.24%
Operating Expenses $2.831B $2.363B $1.909B $1.493B $1.306B $1.120B $999.8M $894.7M $707.6M $480.0M $362.6M $285.7M $231.1M $184.1M $156.8M $141.4M $120.2M $88.50M $71.70M
YoY Change 19.81% 23.79% 27.88% 14.28% 16.64% 12.0% 11.75% 26.44% 47.41% 32.4% 26.88% 23.66% 25.48% 17.44% 10.89% 17.64% 35.82% 23.43% 24.05%
Operating Profit $1.237B $969.6M $650.4M $531.8M $351.0M $234.4M $109.8M $42.90M $14.88M $59.32M $72.09M $100.5M $88.90M $55.34M $25.30M $4.900M -$21.50M -$6.000M -$19.40M
YoY Change 27.53% 49.08% 22.3% 51.51% 49.74% 113.48% 155.94% 188.36% -74.92% -17.71% -28.25% 13.02% 60.65% 118.74% 416.33% -122.79% 258.33% -69.07% -50.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Interest Expense $98.70M $18.00M $14.90M $0.00 $0.00 $28.70M $13.50M $7.300M $5.300M $5.400M $5.300M $5.000M $3.500M $1.800M $2.000M $2.600M $3.500M $2.400M $1.600M
YoY Change 448.33% 20.81% -100.0% 112.59% 84.93% 37.74% -1.85% 1.89% 6.0% 42.86% 94.44% -10.0% -23.08% -25.71% 45.83% 50.0% 128.57%
% of Operating Profit 7.98% 1.86% 2.29% 0.0% 0.0% 12.24% 12.3% 17.02% 35.63% 9.1% 7.35% 4.98% 3.94% 3.25% 7.91% 53.06%
Other Income/Expense, Net -$6.100M -$13.50M -$11.60M -$7.800M -$7.500M -$6.600M $700.0K -$7.100M -$3.167M -$3.168M -$1.455M -$485.0K -$354.0K -$815.0K $200.0K $1.700M -$2.000M -$500.0K -$500.0K
YoY Change -54.81% 16.38% 48.72% 4.0% 13.64% -1042.86% -109.86% 124.19% -0.03% 117.73% 200.0% 37.01% -56.56% -507.5% -88.24% -185.0% 300.0% 0.0% 66.67%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Pretax Income $1.334B $873.8M $567.7M $490.6M $371.7M $3.700M -$40.70M -$49.70M -$37.44M $35.78M $83.08M $95.73M $85.41M $50.56M $27.50M $9.300M -$20.10M -$4.100M -$13.20M
YoY Change 52.63% 53.92% 15.72% 31.99% 9945.95% -109.09% -18.11% 32.76% -204.64% -56.93% -13.22% 12.08% 68.94% 83.84% 195.7% -146.27% 390.24% -68.94% -77.44%
Income Tax $143.8M $30.80M $14.10M $53.20M $54.30M -$80.60M $92.60M $10.90M $9.018M $36.21M $31.67M $38.16M $29.58M $15.10M -$32.70M $1.900M $1.800M $1.200M $900.0K
% Of Pretax Income 10.78% 3.52% 2.48% 10.84% 14.61% -2178.38% 101.2% 38.12% 39.86% 34.63% 29.86% -118.91% 20.43%
Net Earnings $1.148B $857.3M $606.8M $488.5M $331.7M $334.9M $31.40M $32.20M $7.987M $25.34M $44.27M $66.84M $62.49M $41.25M $60.20M $7.400M -$21.80M -$5.300M -$14.20M
YoY Change 33.89% 41.28% 24.22% 47.27% -0.96% 966.56% -2.48% 303.16% -68.48% -42.76% -33.76% 6.95% 51.51% -31.49% 713.51% -133.94% 311.32% -62.68% -75.93%
Net Earnings / Revenue 21.64% 19.41% 18.16% 18.83% 15.34% 18.59% 2.1% 2.52% 0.79% 3.29% 7.2% 12.52% 14.41% 12.7% 23.88% 3.49% -14.03% -4.29% -17.79%
Basic Earnings Per Share $1.47 $1.08 $3.72 $2.98 $1.94 $1.98 $0.18 $0.19 $0.05 $0.15 $0.27 $0.42 $0.41 $0.29
Diluted Earnings Per Share $1.46 $1.06 $3.63 $2.91 $1.90 $1.92 $0.18 $0.18 $0.05 $0.15 $0.26 $0.40 $0.38 $0.26 $461.7K $138.8K -$564.8K -$140.6K -$393.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Cash & Short-Term Investments $2.440B $2.211B $2.552B $1.837B $2.066B $1.650B $1.251B $1.086B $891.4M $720.0M $491.4M $413.7M $390.3M $313.5M $260.3M $124.2M $90.20M
YoY Change 10.38% -13.35% 38.88% -11.05% 25.22% 31.83% 15.27% 21.77% 23.81% 46.52% 18.78% 6.0% 24.5% 20.44% 109.58% 37.69%
Cash & Equivalents $1.398B $1.683B $1.319B $1.062B $1.223B $1.112B $811.0M $709.0M $543.3M $283.3M $115.9M $123.0M $72.00M $66.90M $212.5M $56.60M $71.40M
Short-Term Investments $1.043B $528.1M $1.233B $775.5M $843.1M $537.2M $440.3M $376.5M $348.1M $436.8M $375.5M $290.7M $318.3M $246.7M $47.90M $67.60M $18.80M
Other Short-Term Assets $101.1M $73.10M $65.40M $43.30M $41.20M $36.80M $40.10M $33.30M $35.80M $31.10M $65.10M $26.90M $21.50M $20.70M $16.70M $6.800M $2.900M
YoY Change 38.3% 11.77% 51.04% 5.1% 11.96% -8.23% 20.42% -6.98% 15.11% -52.23% 142.01% 25.12% 3.86% 23.95% 145.59% 134.48%
Inventory $484.8M $264.6M $175.8M $139.8M $117.9M $90.00M $77.30M $106.9M $83.90M $69.50M $48.70M $21.10M $16.20M $13.50M $10.60M $11.40M $14.00M
Prepaid Expenses
Receivables $1.402B $1.262B $807.7M $720.0M $544.3M $444.5M $348.2M $313.0M $259.6M $184.7M $130.5M $107.6M $95.50M $72.30M $54.60M $46.00M $27.50M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $4.428B $3.810B $3.601B $2.740B $2.769B $2.221B $1.717B $1.539B $1.271B $1.005B $735.5M $569.3M $523.6M $420.2M $342.2M $188.5M $134.6M
YoY Change 16.22% 5.83% 31.39% -1.03% 24.68% 29.36% 11.57% 21.11% 26.37% 36.7% 29.19% 8.73% 24.61% 22.79% 81.54% 40.04%
Property, Plant & Equipment $1.044B $994.8M $752.7M $497.3M $388.6M $271.4M $245.4M $137.2M $91.10M $58.90M $36.70M $25.60M $8.000M $7.100M $6.400M $3.400M $2.900M
YoY Change 4.99% 32.16% 51.36% 27.97% 43.18% 10.59% 78.86% 50.6% 54.67% 60.49% 43.36% 220.0% 12.68% 10.94% 88.24% 17.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $45.50M $440.8M $118.3M $144.3M $67.00M $98.00M $225.0M $273.0M $271.7M $351.7M $325.9M $148.4M $74.00M $0.00
YoY Change -100.0% -89.68% 272.61% -18.02% 115.37% -31.63% -56.44% -17.58% 0.48% -22.75% 7.92% 119.61% 100.54%
Other Assets $1.624B $1.193B $936.3M $563.9M $479.0M $458.4M $166.9M $199.6M $133.6M $83.10M $34.90M $52.60M $53.40M $44.30M $38.60M $7.200M $7.700M
YoY Change 36.13% 27.45% 66.04% 17.72% 4.49% 174.66% -16.38% 49.4% 60.77% 138.11% -33.65% -1.5% 20.54% 14.77% 436.11% -6.49%
Total Long-Term Assets $2.831B $2.418B $2.319B $1.304B $1.110B $857.1M $541.1M $601.2M $520.0M $419.4M $433.0M $406.2M $211.1M $125.2M $45.00M $10.60M $10.60M
YoY Change 17.08% 4.27% 77.79% 17.47% 29.53% 58.4% -10.0% 15.62% 23.99% -3.14% 6.6% 92.42% 68.61% 178.22% 324.53% 0.0%
Total Assets $7.259B $6.228B $5.919B $4.045B $3.879B $3.078B $2.258B $2.140B $1.791B $1.425B $1.169B $975.5M $734.7M $545.4M $387.2M $199.1M $145.2M
YoY Change
Accounts Payable $204.3M $243.4M $148.4M $141.6M $96.40M $86.40M $70.00M $56.70M $61.50M $49.90M $35.60M $20.80M $19.80M $12.80M $11.00M $7.000M $8.500M
YoY Change -16.06% 64.02% 4.8% 46.89% 11.57% 23.43% 23.46% -7.8% 23.25% 40.17% 71.15% 5.05% 54.69% 16.36% 57.14% -17.65%
Accrued Expenses $602.4M $485.7M $392.3M $295.1M $203.6M $175.9M $142.0M $113.8M $94.10M $74.90M $62.40M $51.20M $40.20M $36.00M $29.00M $25.00M $22.70M
YoY Change 24.03% 23.81% 32.94% 44.94% 15.75% 23.87% 24.78% 20.94% 25.63% 20.03% 21.88% 27.36% 11.67% 24.14% 16.0% 10.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.719B $3.078B $2.318B $1.830B $1.456B $1.256B $1.027B $829.4M $678.7M $496.5M $413.1M $319.3M $266.9M $218.4M $180.6M $150.3M $121.7M
YoY Change 20.81% 32.8% 26.71% 25.67% 15.87% 22.31% 23.85% 22.2% 36.7% 20.19% 29.38% 19.63% 22.21% 20.93% 20.16% 23.5%
Long-Term Debt $992.3M $990.4M $988.4M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 0.19% 0.2%
Other Long-Term Liabilities $3.011B $2.441B $1.814B $1.359B $1.081B $811.4M $641.3M $472.8M $356.5M $252.4M $169.6M $145.3M $109.5M $94.60M $64.20M $54.10M $42.40M
YoY Change 23.36% 34.54% 33.5% 25.72% 33.23% 26.52% 35.64% 32.62% 41.24% 48.82% 16.72% 32.69% 15.75% 47.35% 18.67% 27.59%
Total Long-Term Liabilities $4.003B $3.431B $2.803B $1.359B $1.081B $811.4M $641.3M $472.8M $356.5M $252.4M $169.6M $145.3M $109.5M $94.60M $64.20M $54.10M $42.40M
YoY Change 16.67% 22.43% 106.23% 25.72% 33.23% 26.52% 35.64% 32.62% 41.24% 48.82% 16.72% 32.69% 15.75% 47.35% 18.67% 27.59%
Total Liabilities $7.722B $6.510B $5.137B $3.189B $2.537B $2.068B $1.669B $1.302B $1.035B $748.8M $582.7M $464.6M $376.4M $313.0M $244.8M $204.3M $164.1M
YoY Change 18.63% 26.71% 61.12% 25.69% 22.68% 23.93% 28.12% 25.81% 38.23% 28.51% 25.42% 23.43% 20.26% 27.86% 19.82% 24.5%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $75.258 Billion

About Fortinet, Inc.

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers, government organizations, and small to medium-sized businesses. The company is headquartered in Sunnyvale, California and currently employs 13,986 full-time employees. The company went IPO on 2009-11-18. The company offers solutions to enterprises, such as in the financial services, retail and operational technology market verticals, communication and security service providers, government organizations and small and medium-sized businesses. Its Secure Networking solutions focuses on the convergence of networking and security via its network firewall and its switches, access points and other secure connectivity solutions. Its Unified SASE solution is a single-vendor SASE solution that includes Firewall, SD-WAN, Secure Web Gateway, Cloud Access Services Broker, and Data Loss Prevention, Zero Trust Network Access and cloud security. Its Security Operations solutions are delivered as a platform that automates detection and response to accelerate discovery and remediation.

Industry: Computer Peripheral Equipment, NEC Peers: MICROSOFT CORP CrowdStrike Holdings, Inc. McAfee Corp. Gen Digital Inc. ORACLE CORP Palo Alto Networks Inc ServiceNow, Inc. VMWARE LLC Zscaler, Inc.