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| Date | Value |
|---|---|
| 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 |