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Fortinet (FTNT) Free Cash Flow (2016 - 2025)

Fortinet has reported Free Cash Flow over the past 16 years, most recently at $577.4 million for Q4 2025.

  • Quarterly results put Free Cash Flow at $577.4 million for Q4 2025, up 51.95% from a year ago — trailing twelve months through Dec 2025 was $2.3 billion (up 21.97% YoY), and the annual figure for FY2025 was $2.2 billion, up 18.44%.
  • Free Cash Flow for Q4 2025 was $577.4 million at Fortinet, down from $584.4 million in the prior quarter.
  • Over the last five years, Free Cash Flow for FTNT hit a ceiling of $808.8 million in Q1 2025 and a floor of $164.8 million in Q4 2023.
  • Median Free Cash Flow over the past 5 years was $421.8 million (2021), compared with a mean of $447.7 million.
  • Biggest five-year swings in Free Cash Flow: soared 146.96% in 2022 and later plummeted 69.03% in 2023.
  • Fortinet's Free Cash Flow stood at $215.5 million in 2021, then soared by 146.96% to $532.2 million in 2022, then plummeted by 69.03% to $164.8 million in 2023, then skyrocketed by 130.58% to $380.0 million in 2024, then skyrocketed by 51.95% to $577.4 million in 2025.
  • The last three reported values for Free Cash Flow were $577.4 million (Q4 2025), $584.4 million (Q3 2025), and $321.4 million (Q2 2025) per Business Quant data.