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| Date | Value |
|---|---|
| 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 |