Fortinet, Inc. (FTNT) stock
FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 16/3011% above fair value
$129.54+1.44 (+1.12%)
Close on Nov 12, 2026Market cap $95.17BP/E 42.1Yield –
Fortinet ebitda
EBITDA is earnings before interest, taxes, depreciation and amortization, a rough measure of cash profit from operations.
Fortinet's ebitda for the twelve months ending Sep 30, 2026 was $2.76B, up 26.5% year over year. For fiscal 2025 it was $2.24B, up 16.1% from the year before. Over ten years it grew 47.3% a year on average. The highest annual figure on record is $2.24B in fiscal 2025.
Annual ebitda
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.24B | +16.1% |
| FY2024 | Dec 31, 2024 | $1.93B | +42.2% |
| FY2023 | Dec 31, 2023 | $1.35B | +26.1% |
| FY2022 | Dec 31, 2022 | $1.07B | +46.1% |
| FY2021 | Dec 31, 2021 | $734.80M | +22.3% |
| FY2020 | Dec 31, 2020 | $600.60M | +45.6% |
| FY2019 | Dec 31, 2019 | $412.60M | +42.2% |
| FY2018 | Dec 31, 2018 | $290.10M | +75.5% |
| FY2017 | Dec 31, 2017 | $165.30M | +80.9% |
| FY2016 | Dec 31, 2016 | $91.40M | +96.7% |
| FY2015 | Dec 31, 2015 | $46.47M | -42.9% |
| FY2014 | Dec 31, 2014 | $81.35M | -7.3% |
| FY2013 | Dec 31, 2013 | $87.71M | -21.7% |
| FY2012 | Dec 31, 2012 | $112.04M | +16.8% |
| FY2011 | Dec 31, 2011 | $95.89M | +57.1% |
| FY2010 | Dec 31, 2010 | $61.04M | +95.2% |
| FY2009 | Dec 31, 2009 | $31.27M | – |
Quarterly ebitda
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $743.70M | +27.0% |
| Q2 FY2026 | Jun 30, 2026 | $730.70M | +47.2% |
| Q1 FY2026 | Mar 31, 2026 | $619.80M | +26.6% |
| Q4 FY2025 | Dec 31, 2025 | $665.10M | +9.2% |
| Q3 FY2025 | Sep 30, 2025 | $585.70M | +17.0% |
| Q2 FY2025 | Jun 30, 2025 | $496.30M | +6.4% |
| Q1 FY2025 | Mar 31, 2025 | $489.60M | +40.0% |
| Q4 FY2024 | Dec 31, 2024 | $609.30M | +46.6% |
| Q3 FY2024 | Sep 30, 2024 | $500.70M | +51.0% |
| Q2 FY2024 | Jun 30, 2024 | $466.40M | +52.2% |
| Q1 FY2024 | Mar 31, 2024 | $349.80M | +16.2% |
| Q4 FY2023 | Dec 31, 2023 | $415.60M | +7.9% |
| Q3 FY2023 | Sep 30, 2023 | $331.50M | +13.6% |
| Q2 FY2023 | Jun 30, 2023 | $306.40M | +39.0% |
| Q1 FY2023 | Mar 31, 2023 | $301.00M | +70.5% |
| Q4 FY2022 | Dec 31, 2022 | $385.10M | +60.3% |
| Q3 FY2022 | Sep 30, 2022 | $291.90M | +54.2% |
| Q2 FY2022 | Jun 30, 2022 | $220.40M | +32.5% |
| Q1 FY2022 | Mar 31, 2022 | $176.50M | +27.1% |
| Q4 FY2021 | Dec 31, 2021 | $240.20M | +29.1% |
| Q3 FY2021 | Sep 30, 2021 | $189.30M | +31.8% |
| Q2 FY2021 | Jun 30, 2021 | $166.40M | +21.8% |
| Q1 FY2021 | Mar 31, 2021 | $138.90M | +3.4% |
| Q4 FY2020 | Dec 31, 2020 | $186.10M | +35.1% |
| Q3 FY2020 | Sep 30, 2020 | $143.60M | +24.2% |
| Q2 FY2020 | Jun 30, 2020 | $136.60M | +51.1% |
| Q1 FY2020 | Mar 31, 2020 | $134.30M | +102.6% |
| Q4 FY2019 | Dec 31, 2019 | $137.80M | +33.5% |
| Q3 FY2019 | Sep 30, 2019 | $115.60M | +50.1% |
| Q2 FY2019 | Jun 30, 2019 | $90.40M | +40.6% |
| Q1 FY2019 | Mar 31, 2019 | $66.30M | +45.4% |
| Q4 FY2018 | Dec 31, 2018 | $103.20M | +82.7% |
| Q3 FY2018 | Sep 30, 2018 | $77.00M | +62.4% |
| Q2 FY2018 | Jun 30, 2018 | $64.30M | +51.3% |
| Q1 FY2018 | Mar 31, 2018 | $45.60M | +141.3% |
| Q4 FY2017 | Dec 31, 2017 | $56.50M | -3.8% |
| Q3 FY2017 | Sep 30, 2017 | $47.40M | – |
| Q2 FY2017 | Jun 30, 2017 | $42.50M | – |
| Q1 FY2017 | Mar 31, 2017 | $18.90M | – |
| Q4 FY2016 | Dec 31, 2016 | $58.75M | – |
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