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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 - 2025)

Fortinet (FTNT) has 16 years of FCF Margin data on record, last reported at 30.31% in Q4 2025.

  • For Q4 2025, FCF Margin rose 2261.0% year-over-year to 30.31%; the TTM value through Dec 2025 reached 30.3%, down 125.0%, while the annual FY2025 figure was 32.73%, 118.0% up from the prior year.
  • FCF Margin reached 30.31% in Q4 2025 per FTNT's latest filing, up from 20.44% in the prior quarter.
  • Across five years, FCF Margin topped out at 54.64% in Q3 2024 and bottomed at 7.7% in Q4 2024.
  • Average FCF Margin over 5 years is 33.29%, with a median of 35.94% recorded in 2023.
  • The widest YoY moves for FCF Margin: up 3113bps in 2021, down -3643786bps in 2021.
  • A 5-year view of FCF Margin shows it stood at 22.36% in 2021, then soared by 73bps to 38.75% in 2022, then plummeted by -70bps to 11.65% in 2023, then crashed by -34bps to 7.7% in 2024, then surged by 294bps to 30.31% in 2025.
  • Per Business Quant database, its latest 3 readings for FCF Margin were 30.31% in Q4 2025, 20.44% in Q3 2025, and 19.72% in Q2 2025.