Fortinet (FTNT) EBT Margin (2010 - 2026)

Fortinet's (FTNT) quarterly EBT Margin came in at 35.5% in Q1 2026, up 177.0% year-on-year from 12.82% in Q1 2025, and up 3.91% quarter-over-quarter from 34.16% in Q4 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.

  • On a quarterly basis, EBT Margin rose 177.0% year-over-year to 35.5% in Q1 2026; TTM through Mar 2026 was 34.03%, a 72.0% decrease from a year earlier, with the FY2025 full-year figure at 33.56%, down 100.0% from the prior year.
  • EBT Margin climbed to 35.5% in Q1 2026 per FTNT's latest filing, from 34.16% in the prior quarter.
  • Across five years, EBT Margin topped out at 41.54% in Q3 2024 and bottomed at 147.27% in Q4 2024.
  • The 5-year median for EBT Margin is 28.7% (2022), against an average of 18.02%.
  • Across the five-year window, EBT Margin plunged 43819 bps in 2022 and surged 18143 bps in 2025, its largest moves.
  • Year by year, 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 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 47.46%
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn 12.41%
3 Oracle 329.59 Bn 297.69 Bn - 27.99%
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 54.43%
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 21.16%
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 4.43%
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 35.50%
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn -3.35%
10 Synopsys 70.83 Bn 68.63 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 18.07%
Jun 30, 2021 18.10%