Fortinet (FTNT) Inventory Average (2011 - 2026)

Fortinet's (FTNT) quarterly Inventory Average came in at $384.5 million in Q1 2026, up 13.4% year-on-year from $339.1 million in Q1 2025, and down 6.9% quarter-over-quarter from $413.0 million in Q4 2025.

Fortinet (FTNT) Inventory Average (2011 - 2026) Analysis & Trends

Fortinet's Inventory Average history runs 16 years deep, the most recent figure standing at $384.5 million for Q1 2026.

  • On a quarterly basis, Inventory Average rose 13.4% year-over-year to $384.5 million in Q1 2026; TTM through Mar 2026 was $384.5 million, a 13.4% increase from a year earlier, with the FY2025 full-year figure at $357.5 million, down 10.66% from the prior year.
  • Inventory Average eased to $384.5 million in Q1 2026 per FTNT's latest filing, from $413.0 million in the prior quarter.
  • Across five years, Inventory Average topped out at $476.2 million in Q4 2023 and bottomed at $180.2 million in Q1 2022.
  • The 5-year median for Inventory Average is $368.8 million (2024), against an average of $344.2 million.
  • Across the five-year window, Inventory Average soared 105.3% in 2023 and decreased 29.67% in 2024, its largest moves.
  • Year by year, Inventory Average stood at $240.2 million in 2022, then soared by 98.23% to $476.2 million in 2023, then dropped by 29.67% to $334.9 million in 2024, then advanced by 23.34% to $413.0 million in 2025, then retreated by 6.9% to $384.5 million in 2026.
  • Per Business Quant, the three latest FTNT Inventory Average figures stand at $384.5 million (Q1 2026), $413.0 million (Q4 2025), and $415.9 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inventory Avg. (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 1.14 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn -
3 Oracle 329.59 Bn 297.69 Bn - -
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn -
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn -
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn -
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 384.55 Mn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn -
10 Synopsys 70.83 Bn 68.63 Bn 1.77 Bn 379.21 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 149.70 Mn