Fortinet (FTNT) Free Cash Flow (2010 - 2026)
Fortinet (FTNT) posted quarterly Free Cash Flow of $965.6 million for Q2 2026, up 200.44% year-over-year from $321.4 million in Q2 2025, and down 4.06% quarter-over-quarter from $1.0 billion in Q1 2026.
Fortinet (FTNT) Free Cash Flow (2010 - 2026) Analysis & Trends
Fortinet's Free Cash Flow history runs 17 years deep, the most recent figure standing at $965.6 million for Q2 2026.
- In Q2 2026, Free Cash Flow rose 200.44% year-over-year to $965.6 million; the TTM figure through Jun 2026 stood at $3.1 billion (up 51.4% YoY), while the FY2025 annual figure was $2.2 billion, up 18.44% from the prior year.
- Free Cash Flow for Q2 2026 stood at $965.6 million, down from $1.0 billion in the prior quarter.
- The five-year high for Free Cash Flow was $1.0 billion in Q1 2026, with the low at $164.8 million in Q4 2023.
- The 5-year median for Free Cash Flow is $503.6 million (2022), against an average of $520.3 million.
- The sharpest annual moves came in 2023 and 2026: Free Cash Flow slumped 66.85% in 2023, then jumped 200.44% in 2026.
- Fortinet's Free Cash Flow stood at $497.2 million in 2022, then plunged by 66.85% to $164.8 million in 2023, then surged by 130.58% to $380.0 million in 2024, then surged by 51.95% to $577.4 million in 2025, then soared by 67.23% to $965.6 million in 2026.
- Business Quant data shows FTNT's Free Cash Flow at $965.6 million in Q2 2026, $1.0 billion in Q1 2026, and $577.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 19.64 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -1.87 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 1.20 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 788.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 965.60 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 67.60 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 775.42 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -5.74 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | -7.56 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 900.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 965.60 Mn |
| Jun 30, 2026 | 965.60 Mn |
| Mar 31, 2026 | 1.02 Bn |
| Mar 31, 2026 | 1.02 Bn |
| Dec 31, 2025 | 916.60 Mn |
| Dec 31, 2025 | 916.60 Mn |
| Sep 30, 2025 | 584.40 Mn |
| Sep 30, 2025 | 584.40 Mn |
| Jun 30, 2025 | 321.40 Mn |
| Jun 30, 2025 | 321.40 Mn |
| Mar 31, 2025 | 838.20 Mn |
| Mar 31, 2025 | 838.20 Mn |
| Dec 31, 2024 | 735.90 Mn |
| Dec 31, 2024 | 735.90 Mn |
| Sep 30, 2024 | 349.80 Mn |
| Sep 30, 2024 | 349.80 Mn |
| Jun 30, 2024 | 346.60 Mn |
| Jun 30, 2024 | 346.60 Mn |
| Mar 31, 2024 | 802.80 Mn |
| Mar 31, 2024 | 802.80 Mn |