Fortinet (FTNT) Invested Capital (2010 - 2026)

Fortinet's Invested Capital history runs 17 years deep, the most recent figure standing at $989.7 million for Q1 2026.

• In Q1 2026, Invested Capital fell 59.79% year-over-year to $989.7 million; the TTM figure through Mar 2026 stood at $989.7 million (down 59.79% YoY), while the FY2025 annual figure was $1.7 billion, up 16.29% from the prior year.
• Invested Capital was $989.7 million for Q1 2026 at Fortinet, down from $1.7 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $2.6 billion in Q2 2025 to a low of -$634.7 million in Q3 2022.
• Historically, Invested Capital has averaged $612.7 million across 5 years, with a median of $288.2 million in 2024.
• The sharpest annual moves came in 2024 and 2025: Invested Capital plunged 1306.14% in 2024, then surged 1890.25% in 2025.
• A 5-year view of Invested Capital shows it stood at -$281.6 million in 2022, then tumbled by 64.56% to -$463.4 million in 2023, then jumped by 422.36% to $1.5 billion in 2024, then advanced by 16.29% to $1.7 billion in 2025, then sank by 43.03% to $989.7 million in 2026.
• The last three Invested Capital figures came in at $989.7 million (Q1 2026), $1.7 billion (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.