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 profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Fortinet's profit margin for the twelve months ending Sep 30, 2026 was 29.0%. For fiscal 2025 it was 27.3%, against 29.3% the year before. The highest annual figure on record is 29.3% in fiscal 2024.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 27.3% | −2.0 |
| FY2024 | Dec 31, 2024 | 29.3% | +7.7 |
| FY2023 | Dec 31, 2023 | 21.6% | +2.2 |
| FY2022 | Dec 31, 2022 | 19.4% | +1.3 |
| FY2021 | Dec 31, 2021 | 18.2% | −0.7 |
| FY2020 | Dec 31, 2020 | 18.8% | +3.5 |
| FY2019 | Dec 31, 2019 | 15.3% | −3.2 |
| FY2018 | Dec 31, 2018 | 18.6% | +16.5 |
| FY2017 | Dec 31, 2017 | 2.1% | −0.4 |
| FY2016 | Dec 31, 2016 | 2.5% | +1.7 |
| FY2015 | Dec 31, 2015 | 0.8% | −2.5 |
| FY2014 | Dec 31, 2014 | 3.3% | −3.9 |
| FY2013 | Dec 31, 2013 | 7.2% | −5.3 |
| FY2012 | Dec 31, 2012 | 12.5% | −1.9 |
| FY2011 | Dec 31, 2011 | 14.4% | +1.7 |
| FY2010 | Dec 31, 2010 | 12.7% | −11.2 |
| FY2009 | Dec 31, 2009 | 23.9% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 30.6% | +3.1 |
| Q2 FY2026 | Jun 30, 2026 | 29.6% | +2.6 |
| Q1 FY2026 | Mar 31, 2026 | 28.9% | +0.7 |
| Q4 FY2025 | Dec 31, 2025 | 26.6% | −5.1 |
| Q3 FY2025 | Sep 30, 2025 | 27.5% | −8.3 |
| Q2 FY2025 | Jun 30, 2025 | 27.0% | +0.5 |
| Q1 FY2025 | Mar 31, 2025 | 28.1% | +6.0 |
| Q4 FY2024 | Dec 31, 2024 | 31.7% | +9.7 |
| Q3 FY2024 | Sep 30, 2024 | 35.8% | +11.6 |
| Q2 FY2024 | Jun 30, 2024 | 26.5% | +5.9 |
| Q1 FY2024 | Mar 31, 2024 | 22.1% | +2.5 |
| Q4 FY2023 | Dec 31, 2023 | 22.0% | −2.5 |
| Q3 FY2023 | Sep 30, 2023 | 24.2% | +4.0 |
| Q2 FY2023 | Jun 30, 2023 | 20.6% | +3.8 |
| Q1 FY2023 | Mar 31, 2023 | 19.6% | +5.1 |
| Q4 FY2022 | Dec 31, 2022 | 24.5% | +3.8 |
| Q3 FY2022 | Sep 30, 2022 | 20.1% | +1.3 |
| Q2 FY2022 | Jun 30, 2022 | 16.8% | −0.3 |
| Q1 FY2022 | Mar 31, 2022 | 14.5% | −0.6 |
| Q4 FY2021 | Dec 31, 2021 | 20.7% | +1.0 |
| Q3 FY2021 | Sep 30, 2021 | 18.8% | −0.1 |
| Q2 FY2021 | Jun 30, 2021 | 17.2% | −1.3 |
| Q1 FY2021 | Mar 31, 2021 | 15.1% | −3.0 |
| Q4 FY2020 | Dec 31, 2020 | 19.6% | +0.5 |
| Q3 FY2020 | Sep 30, 2020 | 19.0% | +4.3 |
| Q2 FY2020 | Jun 30, 2020 | 18.4% | +4.5 |
| Q1 FY2020 | Mar 31, 2020 | 18.1% | +5.7 |
| Q4 FY2019 | Dec 31, 2019 | 19.1% | −17.2 |
| Q3 FY2019 | Sep 30, 2019 | 14.6% | +1.7 |
| Q2 FY2019 | Jun 30, 2019 | 13.9% | +2.8 |
| Q1 FY2019 | Mar 31, 2019 | 12.4% | +2.0 |
| Q4 FY2018 | Dec 31, 2018 | 36.3% | +43.3 |
| Q3 FY2018 | Sep 30, 2018 | 12.9% | +5.8 |
| Q2 FY2018 | Jun 30, 2018 | 11.2% | +4.8 |
| Q1 FY2018 | Mar 31, 2018 | 10.4% | +7.3 |
| Q4 FY2017 | Dec 31, 2017 | -7.0% | −13.9 |
| Q3 FY2017 | Sep 30, 2017 | 7.1% | – |
| Q2 FY2017 | Jun 30, 2017 | 6.3% | – |
| Q1 FY2017 | Mar 31, 2017 | 3.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 6.9% | – |
See a number that looks wrong?