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Fortinet (FTNT) Capital Expenditures (2016 - 2025)

Quarterly Capital Expenditures fell 15.79% to $56.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $300.1 million through Mar 2026, down 28.17% year-over-year, with the annual reading at $364.8 million for FY2025, 3.72% down from the prior year.

Fortinet's Capital Expenditures history spans 17 years, with the latest figure at $364.8 million for FY2025.

  • Capital Expenditures came in at $364.8 million for FY2025, down from $378.9 million in the prior year.
  • In the past five years, Capital Expenditures ranged from a high of $378.9 million in FY2024 to a low of $21.2 million in FY2022.
  • The 5-year median for Capital Expenditures is $23.6 million (2023), against an average of $162.1 million.
  • Year-over-year, Capital Expenditures fell 28.9% in 2021 and then soared 1505.51% in 2024.
  • Fortinet's Capital Expenditures stood at $21.9 million in 2021, then decreased by 3.2% to $21.2 million in 2022, then rose by 11.32% to $23.6 million in 2023, then surged by 1505.51% to $378.9 million in 2024, then fell by 3.72% to $364.8 million in 2025.
  • Per Business Quant, the three most recent readings for FTNT's Capital Expenditures are $364.8 million (FY2025), $378.9 million (FY2024), and $23.6 million (FY2023).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Yr)
1 Microsoft 3,115.84 Bn 3,037.57 Bn 56.06 Bn -
2 Oracle 544.25 Bn 505.67 Bn 15.14 Bn -
3 Palantir Technologies 328.85 Bn 320.93 Bn 1.42 Bn -
4 Palo Alto Networks 175.67 Bn 171.13 Bn 1.91 Bn -
5 CrowdStrike Holdings 162.44 Bn 159.38 Bn 993.68 Mn 302.11 Mn
6 Fortinet 95.68 Bn 92.39 Bn 1.49 Bn -
7 Synopsys 95.66 Bn 95.54 Bn 1.77 Bn -
8 Cloudflare 74.88 Bn 73.94 Bn 455.60 Mn -
9 CoreWeave 56.29 Bn 54.02 Bn 2.01 Bn -
10 Block 40.97 Bn 34.07 Bn 2.91 Bn -

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 364.80 Mn
Dec 31, 2025 364.80 Mn
Dec 31, 2024 378.90 Mn
Dec 31, 2024 378.90 Mn
Dec 31, 2023 23.60 Mn
Dec 31, 2023 23.60 Mn
Dec 31, 2022 21.20 Mn
Dec 31, 2022 21.20 Mn
Dec 31, 2021 21.90 Mn
Dec 31, 2021 21.90 Mn
Dec 31, 2020 30.80 Mn
Dec 31, 2020 30.80 Mn
Dec 31, 2019 92.20 Mn
Dec 31, 2019 92.20 Mn
Dec 31, 2018 53.00 Mn
Dec 31, 2018 53.00 Mn
Dec 31, 2017 135.30 Mn
Dec 31, 2017 135.30 Mn
Dec 31, 2016 67.20 Mn
Dec 31, 2016 67.20 Mn