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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Fortinet (FTNT) FCF Margin (2016 - 2026)

Fortinet's FCF Margin history spans 17 years, with the latest figure at 55.21% for Q1 2026.

  • Quarterly FCF Margin rose 346.0% to 55.21% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 35.22% through Mar 2026, down 628.0% year-over-year, with the annual reading at 32.73% for FY2025, 118.0% up from the prior year.
  • FCF Margin came in at 55.21% for Q1 2026, up from 30.31% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 410.93% in Q4 2024 to a low of 8.69% in Q2 2024.
  • The 5-year median for FCF Margin is 38.21% (2023), against an average of 60.39%.
  • Year-over-year, FCF Margin tumbled -226079bps in 2022 and then surged 38653bps in 2024.
  • Fortinet's FCF Margin stood at 41.48% in 2022, then tumbled by -41bps to 24.4% in 2023, then skyrocketed by 1584bps to 410.93% in 2024, then crashed by -93bps to 30.31% in 2025, then surged by 82bps to 55.21% in 2026.
  • Per Business Quant, the three most recent readings for FTNT's FCF Margin are 55.21% (Q1 2026), 30.31% (Q4 2025), and 33.88% (Q3 2025).