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

Fortinet's (FTNT) quarterly Free Cash Flow came in at $1.0 billion in Q1 2026, up 21.82% year-on-year from $838.2 million in Q1 2025, and up 11.4% quarter-over-quarter from $916.6 million in Q4 2025.

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 $1.0 billion for Q1 2026.

  • On a quarterly basis, Free Cash Flow rose 21.82% year-over-year to $1.0 billion in Q1 2026; TTM through Mar 2026 was $2.8 billion, a 25.24% increase from a year earlier, with the FY2025 full-year figure at $2.6 billion, up 14.76% from the prior year.
  • Free Cash Flow rose to $1.0 billion in Q1 2026 per FTNT's latest filing, from $916.6 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $1.0 billion in Q1 2026 and bottomed at $192.8 million in Q4 2023.
  • The 5-year median for Free Cash Flow is $509.9 million (2023), against an average of $555.3 million.
  • Across the five-year window, Free Cash Flow jumped 461.99% in 2022 and plunged 63.77% in 2023, its largest moves.
  • Year by year, Free Cash Flow stood at $532.2 million in 2022, then plunged by 63.77% to $192.8 million in 2023, then soared by 281.69% to $735.9 million in 2024, then advanced by 24.55% to $916.6 million in 2025, then increased by 11.4% to $1.0 billion in 2026.
  • Per Business Quant, the three latest FTNT Free Cash Flow figures stand at $1.0 billion (Q1 2026), $916.6 million (Q4 2025), and $584.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 45.75 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn 223.25 Mn
3 Oracle 329.59 Bn 297.69 Bn - -1.87 Bn
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 891.76 Mn
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 384.00 Mn
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 628.76 Mn
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 1.02 Bn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn 164.72 Mn
10 Synopsys 70.83 Bn 68.63 Bn 1.77 Bn 775.42 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 192.80 Mn
Dec 31, 2023 192.80 Mn