Fortinet (FTNT) EBT Margin (2010 - 2026)
Fortinet (FTNT) posted quarterly EBT Margin of 35.17% for Q2 2026, up 343.0% year-over-year from 7.94% in Q2 2025, and down 0.93% quarter-over-quarter from 35.5% in Q1 2026.
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Analysis
Fortinet (FTNT) EBT Margin (2010 - 2026) Analysis & Trends
Fortinet's EBT Margin history runs 17 years deep, the most recent figure standing at 35.17% for Q2 2026.
- In Q2 2026, EBT Margin rose 343.0% year-over-year to 35.17%; the TTM figure through Jun 2026 stood at 34.84% (up 49.0% YoY), while the FY2025 annual figure was 33.56%, down 100.0% from the prior year.
- EBT Margin for Q2 2026 stood at 35.17%, down from 35.5% in the prior quarter.
- The five-year high for EBT Margin was 41.54% in Q3 2024, with the low at 147.27% in Q4 2024.
- The 5-year median for EBT Margin is 29.03% (2022), against an average of 18.97%.
- The sharpest annual moves came in 2022 and 2025: EBT Margin tumbled 43819 bps in 2022, then surged 18143 bps in 2025.
- Fortinet's EBT Margin stood at 28.7% in 2022, then advanced by 2 bps to 29.37% in 2023, then sank by 601 bps to 147.27% in 2024, then soared by 123 bps to 34.16% in 2025, then gained by 3 bps to 35.17% in 2026.
- Business Quant data shows FTNT's EBT Margin at 35.17% in Q2 2026, 35.5% in Q1 2026, and 34.16% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,713.76 Bn | 3,581.01 Bn | 60.48 Bn | 48.94% |
| 2 | Oracle | 450.04 Bn | 418.14 Bn | - | 27.99% |
| 3 | Palantir Technologies | 418.31 Bn | 408.90 Bn | 1.64 Bn | 55.87% |
| 4 | Palo Alto Networks | 267.65 Bn | 264.54 Bn | 2.03 Bn | -5.20% |
| 5 | CrowdStrike Holdings | 216.60 Bn | 211.59 Bn | 1.10 Bn | 0.27% |
| 6 | Fortinet | 114.71 Bn | 110.64 Bn | 1.64 Bn | 35.17% |
| 7 | Cloudflare | 99.23 Bn | 95.07 Bn | 499.52 Mn | -24.13% |
| 8 | Synopsys | 75.15 Bn | 71.55 Bn | 1.80 Bn | 27.61% |
| 9 | Block | 49.78 Bn | 43.36 Bn | 3.17 Bn | 4.56% |
| 10 | CoreWeave | 48.53 Bn | 42.99 Bn | 1.70 Bn | -21.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.17% |
| 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 | 18.07% |