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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 has reported Gross Margin over the past 16 years, most recently at 79.57% for Q4 2025.

  • Quarterly results put Gross Margin at 79.57% for Q4 2025, down 424712.0% from a year ago — trailing twelve months through Dec 2025 was 80.46% (down 3044.0% YoY), and the annual figure for FY2025 was 80.46%, down 11.0%.
  • Gross Margin for Q4 2025 was 79.57% at Fortinet, down from 80.77% in the prior quarter.
  • Over the last five years, Gross Margin for FTNT hit a ceiling of 4326.69% in Q4 2024 and a floor of 73.42% in Q1 2022.
  • Median Gross Margin over the past 5 years was 77.81% (2021), compared with a mean of 575.66%.
  • Biggest five-year swings in Gross Margin: soared 424901bps in 2024 and later crashed -424712bps in 2025.
  • Fortinet's Gross Margin stood at 1656.08% in 2021, then crashed by -95bps to 76.83% in 2022, then rose by 1bps to 77.68% in 2023, then surged by 5470bps to 4326.69% in 2024, then plummeted by -98bps to 79.57% in 2025.
  • The last three reported values for Gross Margin were 79.57% (Q4 2025), 80.77% (Q3 2025), and 80.68% (Q2 2025) per Business Quant data.