Fortinet (FTNT) Inventory Average (2011 - 2026)
Fortinet (FTNT) posted Inventory Average of $384.5 million for Q1 2026, down 6.9% on a QoQ basis from $413.0 million in Q4 2025, and up 13.4% year-on-year from $339.1 million in Q1 2025.
Fortinet (FTNT) Inventory Average (2011 - 2026) Analysis & Trends
Fortinet has disclosed Inventory Average across 16 years of filings, most recently posting $384.5 million for Q1 2026.
- Inventory Average for Q1 2026 came in at $384.5 million, up 13.4% year-over-year; the trailing twelve-month figure through Mar 2026 was $384.5 million (up 13.4% YoY), and the FY2025 annual result was $357.5 million, down 10.66% from the prior year.
- Inventory Average came in at $384.5 million for Q1 2026 at Fortinet, down from $413.0 million in the prior quarter.
- Over the last five years, Inventory Average for FTNT reached as high as $476.2 million in Q4 2023 and fell as low as $180.2 million in Q1 2022.
- Median Inventory Average over the past 5 years was $368.8 million (2024), compared with a mean of $344.2 million.
- Year-over-year, Inventory Average surged 105.3% in 2023 and retreated 29.67% in 2024.
- Over 5 years, 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 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | - |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 1.14 Bn |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | - |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | - |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | - |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | - |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 384.55 Mn |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | - |
| 10 | Synopsys | 303.79 Bn | 303.67 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 |