Fortinet (FTNT) EBIAT (2010 - 2026)
Fortinet (FTNT) recorded quarterly EBIAT of $534.5 million in Q1 2026, up 5.63% quarter-over-quarter from $506.0 million in Q4 2025, and up 23.33% on a YoY basis from $433.4 million in Q1 2025.
Fortinet (FTNT) EBIAT (2010 - 2026) Analysis & Trends
Fortinet's EBIAT history runs 17 years deep, the most recent figure standing at $534.5 million for Q1 2026.
- In Q1 2026, EBIAT rose 23.33% year-over-year to $534.5 million; the TTM figure through Mar 2026 stood at $2.0 billion (up 4.0% YoY), while the FY2025 annual figure was $1.9 billion, up 6.2% from the prior year.
- EBIAT was $534.5 million for Q1 2026 at Fortinet, up from $506.0 million in the prior quarter.
- In the past five years, EBIAT ranged from a high of $539.9 million in Q3 2024 to a low of $138.3 million in Q1 2022.
- Historically, EBIAT has averaged $361.1 million across 5 years, with a median of $322.9 million in 2023.
- The sharpest annual moves came in 2023 and 2025: EBIAT jumped 79.1% in 2023, then decreased 12.22% in 2025.
- A 5-year view of EBIAT shows it stood at $313.8 million in 2022, then slipped by 0.92% to $310.9 million in 2023, then surged by 69.25% to $526.2 million in 2024, then declined by 3.84% to $506.0 million in 2025, then gained by 5.63% to $534.5 million in 2026.
- The last three EBIAT figures came in at $534.5 million (Q1 2026), $506.0 million (Q4 2025), and $473.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 31.78 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 593,000.00 |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 3.72 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 870.53 Mn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 432.00 Mn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 60.12 Mn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 534.50 Mn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 64.72 Mn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | -22.93 Mn |
| 10 | CoreWeave | 53.50 Bn | 51.24 Bn | 2.01 Bn | -740.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 534.50 Mn |
| Dec 31, 2025 | 506.00 Mn |
| Sep 30, 2025 | 473.90 Mn |
| Jun 30, 2025 | 440.10 Mn |
| Mar 31, 2025 | 433.40 Mn |
| Dec 31, 2024 | 526.20 Mn |
| Sep 30, 2024 | 539.90 Mn |
| Jun 30, 2024 | 379.80 Mn |
| Mar 31, 2024 | 299.30 Mn |
| Dec 31, 2023 | 310.90 Mn |
| Sep 30, 2023 | 322.90 Mn |
| Jun 30, 2023 | 266.30 Mn |
| Mar 31, 2023 | 247.70 Mn |
| Dec 31, 2022 | 313.80 Mn |
| Sep 30, 2022 | 231.60 Mn |
| Jun 30, 2022 | 173.40 Mn |
| Mar 31, 2022 | 138.30 Mn |
| Dec 31, 2021 | 198.80 Mn |
| Sep 30, 2021 | 163.20 Mn |
| Jun 30, 2021 | 137.50 Mn |