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Fortinet (FTNT) FCF Margin: 2009-2025

Historic FCF Margin for Fortinet (FTNT) over the last 16 years, with Sep 2025 value amounting to 32.90%.

  • Fortinet's FCF Margin fell 501.00% to 32.90% in Q3 2025 from the same period last year, while for Sep 2025 it was 30.95%, marking a year-over-year increase of 181.00%. This contributed to the annual value of 31.55% for FY2024, which is 109.00% down from last year.
  • Fortinet's FCF Margin amounted to 32.90% in Q3 2025, which was up 88.76% from 17.43% recorded in Q2 2025.
  • Fortinet's FCF Margin's 5-year high stood at 51.75% during Q1 2025, with a 5-year trough of 11.65% in Q4 2023.
  • Over the past 3 years, Fortinet's median FCF Margin value was 33.90% (recorded in 2023), while the average stood at 33.00%.
  • Examining YoY changes over the last 5 years, Fortinet's FCF Margin showed a top increase of 2,263bps in 2023 and a maximum decrease of 2,711bps in 2023.
  • Over the past 5 years, Fortinet's FCF Margin (Quarterly) stood at 22.36% in 2021, then skyrocketed by 1,639bps to 38.75% in 2022, then plummeted by 2,711bps to 11.65% in 2023, then spiked by 1,124bps to 22.89% in 2024, then slumped by 501bps to 32.90% in 2025.
  • Its FCF Margin stands at 32.90% for Q3 2025, versus 17.43% for Q2 2025 and 51.75% for Q1 2025.