Fortinet (FTNT) Change in Taxes (2010 - 2023)
Fortinet (FTNT) posted quarterly Change in Taxes of $39.9 million for Q3 2023, up 1097.5% year-over-year from $3.3 million in Q3 2022, and up 1097.5% quarter-over-quarter from -$4.0 million in Q3 2022.
Fortinet (FTNT) Change in Taxes (2010 - 2023) Analysis & Trends
Fortinet's Change in Taxes history runs 12 years deep, the most recent figure standing at $39.9 million for Q3 2023.
- In Q3 2023, Change in Taxes rose 1097.5% year-over-year to $39.9 million; the TTM figure through Sep 2023 stood at $25.4 million (up 214.93% YoY), while the FY2019 annual figure was -$18.8 million, down 213.33% from the prior year.
- Change in Taxes for Q3 2023 stood at $39.9 million, up from -$4.0 million in the prior quarter.
- The five-year high for Change in Taxes was $39.9 million in Q3 2023, with the low at -$7.8 million in Q4 2019.
- The 3-year median for Change in Taxes is -$3.3 million (2019), against an average of $2.8 million.
- The sharpest annual moves came in 2019 and 2023: Change in Taxes sank 490.0% in 2019, then jumped 1097.5% in 2023.
- Fortinet's Change in Taxes stood at -$7.8 million in 2019, then soared by 48.72% to -$4.0 million in 2022, then surged by 1097.5% to $39.9 million in 2023.
- Business Quant data shows FTNT's Change in Taxes at $39.9 million in Q3 2023, -$4.0 million in Q3 2022, and -$7.8 million in Q4 2019.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | -307.00 Mn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 1.40 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | - |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | - |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | - |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | - |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 17.56 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | - |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | - |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | -10.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 39.90 Mn |
| Sep 30, 2023 | 39.90 Mn |
| Sep 30, 2022 | -4.00 Mn |
| Sep 30, 2022 | -4.00 Mn |
| Dec 31, 2019 | -7.80 Mn |
| Dec 31, 2019 | -7.80 Mn |
| Sep 30, 2019 | -2.70 Mn |
| Sep 30, 2019 | -2.70 Mn |
| Jun 30, 2019 | -7.60 Mn |
| Jun 30, 2019 | -7.60 Mn |
| Mar 31, 2019 | -700,000.00 |
| Mar 31, 2019 | -700,000.00 |
| Dec 31, 2018 | 2.00 Mn |
| Dec 31, 2018 | 2.00 Mn |
| Sep 30, 2018 | 5.20 Mn |
| Sep 30, 2018 | 5.20 Mn |
| Jun 30, 2018 | -5.40 Mn |
| Jun 30, 2018 | -5.40 Mn |
| Mar 31, 2018 | -7.80 Mn |
| Mar 31, 2018 | -7.80 Mn |