Fortinet (FTNT) EBT Margin (2010 - 2026)
Fortinet (FTNT) recorded quarterly EBT Margin of 35.5% in Q1 2026, up 3.91% quarter-over-quarter from 34.16% in Q4 2025, and up 177.0% on a YoY basis from 12.82% in Q1 2025.
Fortinet (FTNT) EBT Margin (2010 - 2026) Analysis & Trends
Fortinet's EBT Margin history runs 17 years deep, the most recent figure standing at 35.5% for Q1 2026.
- In Q1 2026, EBT Margin rose 177.0% year-over-year to 35.5%; the TTM figure through Mar 2026 stood at 34.03% (down 72.0% YoY), while the FY2025 annual figure was 33.56%, down 100.0% from the prior year.
- EBT Margin was 35.5% for Q1 2026 at Fortinet, up from 34.16% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 41.54% in Q3 2024 to a low of 147.27% in Q4 2024.
- Historically, EBT Margin has averaged 18.02% across 5 years, with a median of 28.7% in 2022.
- The sharpest annual moves came in 2022 and 2025: EBT Margin tumbled 98146 bps in 2022, then soared 18143 bps in 2025.
- A 5-year view of EBT Margin shows it stood at 28.7% in 2022, then climbed by 2 bps to 29.37% in 2023, then slumped by 601 bps to 147.27% in 2024, then jumped by 123 bps to 34.16% in 2025, then increased by 4 bps to 35.5% in 2026.
- The last three EBT Margin figures came in at 35.5% (Q1 2026), 34.16% (Q4 2025), and 34.48% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 47.46% |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 6.63% |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 25.69% |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 54.43% |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 21.16% |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 4.43% |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 35.50% |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 3.28% |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | -3.35% |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | -31.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.50% |
| Dec 31, 2025 | 34.16% |
| Sep 30, 2025 | 34.48% |
| Jun 30, 2025 | 31.74% |
| Mar 31, 2025 | 33.73% |
| Dec 31, 2024 | -147.27% |
| Sep 30, 2024 | 41.54% |
| Jun 30, 2024 | 32.65% |
| Mar 31, 2024 | 25.52% |
| Dec 31, 2023 | 29.37% |
| Sep 30, 2023 | 24.56% |
| Jun 30, 2023 | 23.14% |
| Mar 31, 2023 | 23.06% |
| Dec 31, 2022 | 28.70% |
| Sep 30, 2022 | 23.03% |
| Jun 30, 2022 | 17.85% |
| Mar 31, 2022 | 14.53% |
| Dec 31, 2021 | 466.89% |
| Sep 30, 2021 | 1,004.49% |
| Jun 30, 2021 | 18.10% |