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
DateValue
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%