Fortinet (FTNT) EBT Margin (2010 - 2026)
Fortinet (FTNT) posted EBT Margin of 35.5% for Q1 2026, up 3.91% on a QoQ basis from 34.16% in Q4 2025, and up 177.0% year-on-year from 12.82% in Q1 2025.
Fortinet (FTNT) EBT Margin (2010 - 2026) Analysis & Trends
Fortinet has disclosed EBT Margin across 17 years of filings, most recently posting 35.5% for Q1 2026.
- EBT Margin for Q1 2026 came in at 35.5%, up 177.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 34.03% (down 72.0% YoY), and the FY2025 annual result was 33.56%, down 100.0% from the prior year.
- EBT Margin came in at 35.5% for Q1 2026 at Fortinet, up from 34.16% in the prior quarter.
- Over the last five years, EBT Margin for FTNT reached as high as 41.54% in Q3 2024 and fell as low as 147.27% in Q4 2024.
- Median EBT Margin over the past 5 years was 28.7% (2022), compared with a mean of 18.02%.
- Year-over-year, EBT Margin slumped 98146 bps in 2022 and jumped 18143 bps in 2025.
- Over 5 years, EBT Margin stood at 28.7% in 2022, then climbed by 2 bps to 29.37% in 2023, then plunged 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.
- Per Business Quant, the three latest FTNT EBT Margin figures stand at 35.5% (Q1 2026), 34.16% (Q4 2025), and 34.48% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT 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 | 47.46% |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 54.43% |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 21.16% |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 4.43% |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 27.99% |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 35.50% |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -3.35% |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 3.28% |
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% |