Fortinet FTNT
NASDAQ FTNT
$156.29 -0.07 (-0.04%)
At close: Sep 4, 2026 · 4:00 PM EDT

Fortinet (FTNT) Free Cash Flow (2010 - 2026)

Fortinet (FTNT) posted Free Cash Flow of $965.6 million for Q2 2026, down 4.06% on a QoQ basis from $1.0 billion in Q1 2026, and up 200.44% year-over-year from $321.4 million in Q2 2025.

Analysis

Fortinet (FTNT) Free Cash Flow (2010 - 2026) Analysis & Trends

Fortinet has reported Free Cash Flow for 17 years, with the latest figure at $965.6 million in Q2 2026.

  • On a quarterly basis, Free Cash Flow rose 200.44% year-over-year to $965.6 million in Q2 2026; TTM through Jun 2026 was $3.1 billion, a 51.4% increase from a year earlier, with the FY2025 full-year figure at $2.2 billion, up 18.44% from the prior year.
  • Free Cash Flow was $965.6 million for Q2 2026 at Fortinet, 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.
  • Average Free Cash Flow over 5 years is $520.3 million, with a median of $503.6 million recorded in 2022.
  • The sharpest annual moves came in 2023 and 2026: Free Cash Flow slumped 66.85% in 2023, then soared 200.44% in 2026.
  • Over 5 years, Free Cash Flow stood at $497.2 million in 2022, then plunged by 66.85% to $164.8 million in 2023, then jumped by 130.58% to $380.0 million in 2024, then jumped by 51.95% to $577.4 million in 2025, then surged by 67.23% to $965.6 million in 2026.
  • The last three Free Cash Flow figures came in at $965.6 million (Q2 2026), $1.0 billion (Q1 2026), and $577.4 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Palo Alto Networks 270.94 Bn 267.83 Bn 2.03 Bn 788.00 Mn
2 CrowdStrike Holdings 218.20 Bn 213.22 Bn 1.10 Bn 405.86 Mn
3 Fortinet 114.65 Bn 110.58 Bn 1.64 Bn 965.60 Mn
4 Axon Enterprise 41.89 Bn 41.22 Bn 546.45 Mn -972,000.00
5 Zscaler 27.69 Bn 24.21 Bn - -
6 F5 22.19 Bn 20.58 Bn 711.51 Mn 280.61 Mn
7 Rubrik 19.41 Bn 17.66 Bn 335.12 Mn 71.25 Mn
8 Gen Digital 18.36 Bn 17.80 Bn 1.03 Bn 430.00 Mn
9 Check Point Software Technologies 14.47 Bn 12.19 Bn 574.10 Mn 176.70 Mn
10 SentinelOne 6.88 Bn 6.22 Bn 210.42 Mn -13.17 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 965.60 Mn
Mar 31, 2026 1.01 Bn
Dec 31, 2025 577.40 Mn
Sep 30, 2025 584.40 Mn
Jun 30, 2025 321.40 Mn
Mar 31, 2025 796.80 Mn
Dec 31, 2024 380.00 Mn
Sep 30, 2024 571.80 Mn
Jun 30, 2024 318.90 Mn
Mar 31, 2024 608.50 Mn
Dec 31, 2023 164.80 Mn
Sep 30, 2023 509.90 Mn
Jun 30, 2023 463.20 Mn
Mar 31, 2023 647.20 Mn
Dec 31, 2022 497.20 Mn
Sep 30, 2022 395.20 Mn
Jun 30, 2022 283.50 Mn
Mar 31, 2022 273.50 Mn
Dec 31, 2021 215.50 Mn
Sep 30, 2021 361.10 Mn