Fortinet (FTNT) Capital Expenditures (2010 - 2026)
Fortinet (FTNT) reported Capital Expenditures of $78 million for Q2 2026, down 53.5% from $167.8 million a year earlier but up 10.5% from the prior quarter.
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Analysis
Fortinet (FTNT) Capital Expenditures (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Fortinet's Capital Expenditures came in at $279.1 million, down 24.2% 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%).
- Five-year quarterly Capital Expenditures spans a low of $23.1 million in Q2 2024 and a high of $221.9 million in Q1 2024.
- Year over year, Capital Expenditures gained in four of the last eight quarters, with growth averaging 101.1%.
- The high point for year-over-year Capital Expenditures in five years was Q1 2024 (growth of 632.3%); the low point was Q4 2022 (a decline of 79.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $70.6 million (Q1 2026), $42.8 million (Q4 2025) and $87.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.64 Bn | 241.72 Bn | 2.30 Bn | 103.00 Mn |
| 2 | CrowdStrike Holdings | 232.35 Bn | 212.75 Bn | 1.10 Bn | 124.41 Mn |
| 3 | Fortinet | 123.26 Bn | 109.19 Bn | 1.64 Bn | 78.00 Mn |
| 4 | Snowflake | 108.15 Bn | 95.47 Bn | 1.04 Bn | 7.55 Mn |
| 5 | Datadog | 88.38 Bn | 70.02 Bn | 881.34 Mn | 9.89 Mn |
| 6 | Zscaler | 32.92 Bn | 19.04 Bn | - | - |
| 7 | Okta | 32.82 Bn | 22.92 Bn | 641.00 Mn | 1.00 Mn |
| 8 | Axon Enterprise | 32.21 Bn | 26.73 Bn | 546.45 Mn | 21.05 Mn |
| 9 | MongoDB | 27.08 Bn | 17.55 Bn | 569.77 Mn | 2.47 Mn |
| 10 | F5 | 25.16 Bn | 19.57 Bn | 711.51 Mn | 35.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 69.00 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();