Fortinet (FTNT) Capital Expenditures (2010 - 2026)
Fortinet (FTNT) reported Capital Expenditures of $64.20 for Q3 2026, down 100.0% from $87.7 million a year earlier and down 100.0% from the prior quarter.
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Analysis
Fortinet (FTNT) Capital Expenditures (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Fortinet's Capital Expenditures came in at $191.4 million, down 54.4% year-over-year; for FY2025, it came in at $364.8 million, down 3.7% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of 23.7% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $378.9 million in FY2024 (+85.6%), $204.1 million in FY2023 (-27.4%), $281.2 million in FY2022 (-5.0%) and $295.9 million in FY2021 (+135.0%).
- The Q3 2026 figure ranks as the lowest quarterly Capital Expenditures in data going back to Q3 2010.
- Year over year, Capital Expenditures gained in four of the last eight quarters, with growth averaging 94.7%.
- The high point for year-over-year Capital Expenditures in five years was Q1 2024 (growth of 632.3%); the low point was Q3 2026 (a decline of 100.0%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $78 million (Q2 2026), $70.6 million (Q1 2026) and $42.8 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 240.91 Bn | 225.98 Bn | 2.30 Bn | 103.00 Mn |
| 2 | CrowdStrike Holdings | 221.11 Bn | 201.51 Bn | 1.10 Bn | 124.41 Mn |
| 3 | Snowflake | 95.52 Bn | 82.84 Bn | 1.04 Bn | 7.55 Mn |
| 4 | Fortinet | 91.64 Bn | 75.90 Bn | 1.64 Bn | 64.20 Mn |
| 5 | Datadog | 62.51 Bn | 43.06 Bn | 959.92 Mn | 10.87 Mn |
| 6 | Zscaler | 33.52 Bn | 19.68 Bn | 689.22 Mn | 199.84 Mn |
| 7 | Axon Enterprise | 33.24 Bn | 27.77 Bn | 546.45 Mn | 21.05 Mn |
| 8 | Okta | 30.06 Bn | 20.16 Bn | 641.00 Mn | 1.00 Mn |
| 9 | MongoDB | 24.25 Bn | 14.72 Bn | 569.77 Mn | 2.47 Mn |
| 10 | Roku | 23.92 Bn | 13.95 Bn | 648.52 Mn | 1.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 64.20 Mn |
| Jun 30, 2026 | 78.00 Mn |
| Mar 31, 2026 | 70.60 Mn |
| Dec 31, 2025 | 42.80 Mn |
| Sep 30, 2025 | 87.70 Mn |
| Jun 30, 2025 | 167.80 Mn |
| Mar 31, 2025 | 66.50 Mn |
| Dec 31, 2024 | 97.60 Mn |
| Sep 30, 2024 | 36.30 Mn |
| Jun 30, 2024 | 23.10 Mn |
| Mar 31, 2024 | 221.90 Mn |
| Dec 31, 2023 | 26.90 Mn |
| Sep 30, 2023 | 70.10 Mn |
| Jun 30, 2023 | 76.80 Mn |
| Mar 31, 2023 | 30.30 Mn |
| Dec 31, 2022 | 30.90 Mn |
| Sep 30, 2022 | 87.80 Mn |
| Jun 30, 2022 | 39.90 Mn |
| Mar 31, 2022 | 122.60 Mn |
| Dec 31, 2021 | 151.30 Mn |
API Access
Fortinet Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();