Fortinet (FTNT) EBITDA Margin (2010 - 2026)
Fortinet (FTNT) posted quarterly EBITDA Margin of 33.66% for Q2 2026, up 556.0% year-over-year from 5.13% in Q2 2025, and up 7.34% quarter-over-quarter from 31.36% in Q1 2026.
Fortinet (FTNT) EBITDA Margin (2010 - 2026) Analysis & Trends
Fortinet's EBITDA Margin history runs 17 years deep, the most recent figure standing at 33.66% for Q2 2026.
- In Q2 2026, EBITDA Margin rose 556.0% year-over-year to 33.66%; the TTM figure through Jun 2026 stood at 32.44% (down 911.0% YoY), while the FY2025 annual figure was 30.66%, up 38.0% from the prior year.
- EBITDA Margin for Q2 2026 stood at 33.66%, up from 31.36% in the prior quarter.
- The five-year high for EBITDA Margin was 1845.98% in Q4 2024, with the low at 15.81% in Q1 2022.
- The 5-year median for EBITDA Margin is 27.99% (2022), against an average of 127.64%.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin soared 181875 bps in 2024, then sank 181314 bps in 2025.
- Fortinet's EBITDA Margin stood at 27.89% in 2022, then slipped by 2 bps to 27.23% in 2023, then jumped by 6678 bps to 1845.98% in 2024, then plunged by 98 bps to 32.84% in 2025, then gained by 2 bps to 33.66% in 2026.
- Business Quant data shows FTNT's EBITDA Margin at 33.66% in Q2 2026, 31.36% in Q1 2026, and 32.84% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 45.11% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 31.97% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 47.12% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -6.10% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 33.66% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -29.55% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 8.43% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -1.90% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 6.75% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 27.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 33.66% |
| Mar 31, 2026 | 31.36% |
| Dec 31, 2025 | 32.84% |
| Sep 30, 2025 | 31.73% |
| Jun 30, 2025 | 28.10% |
| Mar 31, 2025 | 29.47% |
| Dec 31, 2024 | 1,845.98% |
| Sep 30, 2024 | 31.22% |
| Jun 30, 2024 | 30.48% |
| Mar 31, 2024 | 23.73% |
| Dec 31, 2023 | 27.23% |
| Sep 30, 2023 | 22.72% |
| Jun 30, 2023 | 21.58% |
| Mar 31, 2023 | 21.67% |
| Dec 31, 2022 | 27.89% |
| Sep 30, 2022 | 23.10% |
| Jun 30, 2022 | 18.96% |
| Mar 31, 2022 | 15.81% |
| Dec 31, 2021 | 484.01% |
| Sep 30, 2021 | 19.19% |