Fortinet (FTNT) Inventory (2010 - 2026)
Fortinet (FTNT) recorded Inventory of $426.3 million in Q2 2026, up 5.2% from $405.2 million a year earlier and up 15.3% from the prior quarter.
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Analysis
Fortinet (FTNT) Inventory (2010 - 2026) Analysis & Trends
At the end of FY2025, Fortinet reported Inventory of $399.5 million, up 26.6% from FY2024.
- Annual Inventory has a five-year compound annual growth rate of 23.4% (FY2020 to FY2025).
- Across earlier years, Inventory came in at $315.5 million in FY2024 (-34.9%), $484.8 million in FY2023 (+83.2%), $264.6 million in FY2022 (+50.5%) and $175.8 million in FY2021 (+25.8%).
- Quarterly Inventory has ranged from $175.8 million in Q4 2021 to $484.8 million in Q4 2023 over the past five years.
- On a year-over-year basis, Inventory has increased for five consecutive quarters, with an average decline of 2.1% over the last eight quarters.
- Peak year-over-year performance for Inventory in the last five years was growth of 116.6% in Q3 2023, against a decline of 34.9% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $369.6 million (Q1 2026), $399.5 million (Q4 2025) and $426.6 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.96 Bn | 241.04 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 231.81 Bn | 212.21 Bn | 1.10 Bn | - |
| 3 | Fortinet | 123.04 Bn | 108.97 Bn | 1.64 Bn | 426.30 Mn |
| 4 | Snowflake | 108.21 Bn | 95.53 Bn | 1.04 Bn | - |
| 5 | Datadog | 88.10 Bn | 69.75 Bn | 881.34 Mn | - |
| 6 | Okta | 32.88 Bn | 22.97 Bn | 641.00 Mn | - |
| 7 | Zscaler | 32.85 Bn | 18.97 Bn | - | - |
| 8 | Axon Enterprise | 32.23 Bn | 26.75 Bn | 546.45 Mn | 486.56 Mn |
| 9 | MongoDB | 27.06 Bn | 17.53 Bn | 569.77 Mn | - |
| 10 | F5 | 25.10 Bn | 19.51 Bn | 711.51 Mn | 126.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 426.30 Mn |
| Mar 31, 2026 | 369.60 Mn |
| Dec 31, 2025 | 399.50 Mn |
| Sep 30, 2025 | 426.60 Mn |
| Jun 30, 2025 | 405.20 Mn |
| Mar 31, 2025 | 362.70 Mn |
| Dec 31, 2024 | 315.50 Mn |
| Sep 30, 2024 | 354.30 Mn |
| Jun 30, 2024 | 383.20 Mn |
| Mar 31, 2024 | 439.50 Mn |
| Dec 31, 2023 | 484.80 Mn |
| Sep 30, 2023 | 467.50 Mn |
| Jun 30, 2023 | 376.30 Mn |
| Mar 31, 2023 | 302.70 Mn |
| Dec 31, 2022 | 264.60 Mn |
| Sep 30, 2022 | 215.80 Mn |
| Jun 30, 2022 | 195.20 Mn |
| Mar 31, 2022 | 184.60 Mn |
| Dec 31, 2021 | 175.80 Mn |
| Sep 30, 2021 | 177.90 Mn |
API Access
Fortinet Inventory 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&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "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&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();