Fortinet (FTNT) FCF Margin (2010 - 2026)

Fortinet's FCF Margin history runs 17 years deep, the most recent figure standing at 55.21% for Q1 2026.

• On a quarterly basis, FCF Margin rose 77.0% year-over-year to 55.21% in Q1 2026; TTM through Mar 2026 was 40.0%, a 1031.0% decrease from a year earlier, with the FY2025 full-year figure at 37.72%, up 19.0% from the prior year.
• FCF Margin grew to 55.21% in Q1 2026 per FTNT's latest filing, from 48.12% in the prior quarter.
• Across five years, FCF Margin topped out at 2366.24% in Q4 2024 and bottomed at 13.62% in Q4 2023.
• The 5-year median for FCF Margin is 39.86% (2022), against an average of 175.12%.
• Across the five-year window, FCF Margin surged 235261 bps in 2024 and plunged 231812 bps in 2025, its largest moves.
• Year by year, FCF Margin stood at 41.48% in 2022, then tumbled by 67 bps to 13.62% in 2023, then soared by 17268 bps to 2366.24% in 2024, then sank by 98 bps to 48.12% in 2025, then gained by 15 bps to 55.21% in 2026.
• Per Business Quant, the three latest FTNT FCF Margin figures stand at 55.21% (Q1 2026), 48.12% (Q4 2025), and 33.88% (Q3 2025).