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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Fortinet (FTNT) Gross Margin (2016 - 2025)

Fortinet (FTNT) has 16 years of Gross Margin data on record, last reported at 79.57% in Q4 2025.

  • For Q4 2025, Gross Margin fell 149.0% year-over-year to 79.57%; the TTM value through Dec 2025 reached 80.46%, down 11.0%, while the annual FY2025 figure was 80.46%, 11.0% down from the prior year.
  • Gross Margin reached 79.57% in Q4 2025 per FTNT's latest filing, down from 80.77% in the prior quarter.
  • Across five years, Gross Margin topped out at 82.53% in Q3 2024 and bottomed at 73.42% in Q1 2022.
  • Average Gross Margin over 5 years is 77.92%, with a median of 77.3% recorded in 2023.
  • The widest YoY moves for Gross Margin: up 7649bps in 2021, down -5604705bps in 2021.
  • A 5-year view of Gross Margin shows it stood at 76.31% in 2021, then rose by 1bps to 76.83% in 2022, then increased by 1bps to 77.68% in 2023, then grew by 4bps to 81.06% in 2024, then dropped by -2bps to 79.57% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 79.57% in Q4 2025, 80.77% in Q3 2025, and 80.68% in Q2 2025.