Fortinet (FTNT) EBITDA Margin (2010 - 2026)
Fortinet (FTNT) posted EBITDA Margin of 31.36% for Q1 2026, down 4.51% on a QoQ basis from 32.84% in Q4 2025, and up 188.0% year-on-year from 10.89% in Q1 2025.
Fortinet (FTNT) EBITDA Margin (2010 - 2026) Analysis & Trends
Fortinet has disclosed EBITDA Margin across 17 years of filings, most recently posting 31.36% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 31.36%, up 188.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 31.1% (down 1180.0% YoY), and the FY2025 annual result was 30.66%, up 38.0% from the prior year.
- EBITDA Margin came in at 31.36% for Q1 2026 at Fortinet, down from 32.84% in the prior quarter.
- Over the last five years, EBITDA Margin for FTNT reached as high as 1845.98% in Q4 2024 and fell as low as 15.81% in Q1 2022.
- Median EBITDA Margin over the past 5 years was 27.89% (2022), compared with a mean of 133.17%.
- Year-over-year, EBITDA Margin surged 181875 bps in 2024 and sank 181314 bps in 2025.
- Over 5 years, EBITDA Margin stood at 27.89% in 2022, then dropped by 2 bps to 27.23% in 2023, then surged by 6678 bps to 1845.98% in 2024, then tumbled by 98 bps to 32.84% in 2025, then slipped by 5 bps to 31.36% in 2026.
- Per Business Quant, the three latest FTNT EBITDA Margin figures stand at 31.36% (Q1 2026), 32.84% (Q4 2025), and 31.73% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | -262.43% |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 46.33% |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 46.18% |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 15.30% |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 1.06% |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 31.97% |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 31.36% |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -9.69% |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 8.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 1,066.67% |
| Jun 30, 2021 | 18.41% |