KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
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 has reported FCF Margin over the past 16 years, most recently at 30.31% for Q4 2025.

  • Quarterly results put FCF Margin at 30.31% for Q4 2025, down 119156.0% from a year ago — trailing twelve months through Dec 2025 was 33.71% (down 972.0% YoY), and the annual figure for FY2025 was 32.73%, up 118.0%.
  • FCF Margin for Q4 2025 was 30.31% at Fortinet, down from 33.88% in the prior quarter.
  • Over the last five years, FCF Margin for FTNT hit a ceiling of 2314.74% in Q3 2021 and a floor of 11.65% in Q4 2023.
  • Median FCF Margin over the past 5 years was 40.43% (2021), compared with a mean of 232.4%.
  • Biggest five-year swings in FCF Margin: soared 228622bps in 2021 and later tumbled -227306bps in 2022.
  • Fortinet's FCF Margin stood at 485.36% in 2021, then crashed by -91bps to 41.48% in 2022, then crashed by -72bps to 11.65% in 2023, then skyrocketed by 10392bps to 1221.86% in 2024, then plummeted by -98bps to 30.31% in 2025.
  • The last three reported values for FCF Margin were 30.31% (Q4 2025), 33.88% (Q3 2025), and 19.72% (Q2 2025) per Business Quant data.