Fortinet (FTNT) Capital Expenditures (2010 - 2026)

Fortinet (FTNT) recorded quarterly Capital Expenditures of $56.0 million in Q1 2026, up 30.84% quarter-over-quarter from $42.8 million in Q4 2025, and down 15.79% on a YoY basis from $66.5 million in Q1 2025.

Fortinet (FTNT) Capital Expenditures (2010 - 2026) Analysis & Trends

Fortinet's Capital Expenditures history runs 17 years deep, the most recent figure standing at $56.0 million for Q1 2026.

  • In Q1 2026, Capital Expenditures fell 15.79% year-over-year to $56.0 million; the TTM figure through Mar 2026 stood at $300.1 million (down 28.17% YoY), while the FY2025 annual figure was $364.8 million, down 3.72% from the prior year.
  • Capital Expenditures was $56.0 million for Q1 2026 at Fortinet, up from $42.8 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $349.8 million in Q4 2024 to a low of -$215.9 million in Q3 2024.
  • Historically, Capital Expenditures has averaged $42.7 million across 5 years, with a median of $42.8 million in 2025.
  • The sharpest annual moves came in 2022 and 2023: Capital Expenditures surged 5087.5% in 2022, then plunged 3646.34% in 2023.
  • A 5-year view of Capital Expenditures shows it stood at -$4.1 million in 2022, then slumped by 3646.34% to -$153.6 million in 2023, then surged by 327.73% to $349.8 million in 2024, then plunged by 87.76% to $42.8 million in 2025, then surged by 30.84% to $56.0 million in 2026.
  • The last three Capital Expenditures figures came in at $56.0 million (Q1 2026), $42.8 million (Q4 2025), and $70.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Microsoft 3,064.95 Bn 2,986.68 Bn 56.06 Bn 30.88 Bn
2 Alarum Technologies 1,117.04 Bn 1,102.89 Bn 7.23 Mn -
3 Oracle 608.54 Bn 569.96 Bn 15.14 Bn -2.34 Bn
4 Palantir Technologies 326.97 Bn 319.05 Bn 1.42 Bn 7.40 Mn
5 Palo Alto Networks 185.10 Bn 180.56 Bn 1.91 Bn 170.00 Mn
6 CrowdStrike Holdings 165.31 Bn 162.25 Bn 993.68 Mn 102.47 Mn
7 Fortinet 105.66 Bn 102.37 Bn 1.49 Bn 56.00 Mn
8 Synopsys 89.71 Bn 89.60 Bn 1.77 Bn 35.32 Mn
9 Cloudflare 87.54 Bn 86.60 Bn 455.60 Mn 65.23 Mn
10 CoreWeave 53.90 Bn 51.63 Bn 2.01 Bn 7.70 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 56.00 Mn
Mar 31, 2026 56.00 Mn
Dec 31, 2025 42.80 Mn
Dec 31, 2025 42.80 Mn
Sep 30, 2025 70.80 Mn
Sep 30, 2025 70.80 Mn
Jun 30, 2025 130.50 Mn
Jun 30, 2025 130.50 Mn
Mar 31, 2025 66.50 Mn
Mar 31, 2025 66.50 Mn
Dec 31, 2024 349.80 Mn
Dec 31, 2024 349.80 Mn
Sep 30, 2024 -215.90 Mn
Sep 30, 2024 -215.90 Mn
Jun 30, 2024 217.40 Mn
Jun 30, 2024 217.40 Mn
Mar 31, 2024 27.60 Mn
Mar 31, 2024 27.60 Mn
Dec 31, 2023 -153.60 Mn
Dec 31, 2023 -153.60 Mn