Fortinet (FTNT) Inventory Average (2011 - 2026)
Fortinet (FTNT) posted Inventory Average of $398.0 million for Q2 2026, up 3.48% on a QoQ basis from $384.5 million in Q1 2026, and up 3.65% year-over-year from $384.0 million in Q2 2025.
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Analysis
Fortinet (FTNT) Inventory Average (2011 - 2026) Analysis & Trends
Fortinet has reported Inventory Average for 16 years, with the latest figure at $398.0 million in Q2 2026.
- On a quarterly basis, Inventory Average rose 3.65% year-over-year to $398.0 million in Q2 2026; TTM through Jun 2026 was $398.0 million, a 3.65% increase from a year earlier, with the FY2025 full-year figure at $357.5 million, down 10.66% from the prior year.
- Inventory Average was $398.0 million for Q2 2026 at Fortinet, up from $384.5 million in the prior quarter.
- The five-year high for Inventory Average was $476.2 million in Q4 2023, with the low at $180.2 million in Q1 2022.
- Average Inventory Average over 5 years is $347.1 million, with a median of $376.3 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Inventory Average surged 105.3% in 2023, then retreated 29.67% in 2024.
- Over 5 years, Inventory Average stood at $240.2 million in 2022, then jumped by 98.23% to $476.2 million in 2023, then declined by 29.67% to $334.9 million in 2024, then climbed by 23.34% to $413.0 million in 2025, then dropped by 3.66% to $398.0 million in 2026.
- The last three Inventory Average figures came in at $398.0 million (Q2 2026), $384.5 million (Q1 2026), and $413.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | - |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 397.95 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | - |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | - |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 447.28 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | - |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | - |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 397.95 Mn |
| Mar 31, 2026 | 384.55 Mn |
| Dec 31, 2025 | 413.05 Mn |
| Sep 30, 2025 | 415.90 Mn |
| Jun 30, 2025 | 383.95 Mn |
| Mar 31, 2025 | 339.10 Mn |
| Dec 31, 2024 | 334.90 Mn |
| Sep 30, 2024 | 368.75 Mn |
| Jun 30, 2024 | 411.35 Mn |
| Mar 31, 2024 | 462.15 Mn |
| Dec 31, 2023 | 476.15 Mn |
| Sep 30, 2023 | 421.90 Mn |
| Jun 30, 2023 | 339.50 Mn |
| Mar 31, 2023 | 283.65 Mn |
| Dec 31, 2022 | 240.20 Mn |
| Sep 30, 2022 | 205.50 Mn |
| Jun 30, 2022 | 189.90 Mn |
| Mar 31, 2022 | 180.20 Mn |
| Dec 31, 2021 | 176.85 Mn |
| Sep 30, 2021 | 163.85 Mn |
API Access
Fortinet Inventory Average API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=inventory-average&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory-average", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=inventory-average&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();