Fortinet (FTNT) Invested Capital (2010 - 2026)

Fortinet (FTNT) posted Invested Capital of $989.7 million for Q1 2026, down 43.03% on a QoQ basis from $1.7 billion in Q4 2025, and down 59.79% year-on-year from $2.5 billion in Q1 2025.

Fortinet (FTNT) Invested Capital (2010 - 2026) Analysis & Trends

Fortinet has disclosed Invested Capital across 17 years of filings, most recently posting $989.7 million for Q1 2026.

  • Invested Capital for Q1 2026 came in at $989.7 million, down 59.79% year-over-year; the trailing twelve-month figure through Mar 2026 was $989.7 million (down 59.79% YoY), and the FY2025 annual result was $1.7 billion, up 16.29% from the prior year.
  • Invested Capital came in at $989.7 million for Q1 2026 at Fortinet, down from $1.7 billion in the prior quarter.
  • Over the last five years, Invested Capital for FTNT reached as high as $2.6 billion in Q2 2025 and fell as low as -$634.7 million in Q3 2022.
  • Median Invested Capital over the past 5 years was $288.2 million (2024), compared with a mean of $612.7 million.
  • Year-over-year, Invested Capital tumbled 1306.14% in 2024 and soared 1890.25% in 2025.
  • Over 5 years, Invested Capital stood at -$281.6 million in 2022, then sank 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 tumbled by 43.03% to $989.7 million in 2026.
  • Per Business Quant, the three latest FTNT Invested Capital figures stand at $989.7 million (Q1 2026), $1.7 billion (Q4 2025), and $1.2 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 ZenaTech 82,806.72 Bn 82,806.72 Bn - 48.73 Mn
2 Microsoft 11,085.79 Bn 11,007.52 Bn 56.06 Bn 423.21 Bn
3 Palantir Technologies 1,073.49 Bn 1,065.58 Bn 1.42 Bn 8.45 Bn
4 Rezolve Ai 1,009.18 Bn 1,009.17 Bn - 15.80 Mn
5 Palo Alto Networks 824.56 Bn 820.03 Bn 1.91 Bn 9.39 Bn
6 CrowdStrike Holdings 701.26 Bn 698.20 Bn 993.68 Mn 4.43 Bn
7 Oracle 514.97 Bn 476.40 Bn 17.12 Bn 43.06 Bn
8 Fortinet 456.74 Bn 453.45 Bn 1.49 Bn 989.70 Mn
9 Cloudflare 331.63 Bn 330.68 Bn 455.60 Mn 2.82 Bn
10 Synopsys 303.79 Bn 303.67 Bn 1.77 Bn 40.59 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 989.70 Mn
Dec 31, 2025 1.74 Bn
Sep 30, 2025 1.23 Bn
Jun 30, 2025 2.56 Bn
Mar 31, 2025 2.46 Bn
Dec 31, 2024 1.49 Bn
Sep 30, 2024 908.10 Mn
Jun 30, 2024 288.20 Mn
Mar 31, 2024 -137.50 Mn
Dec 31, 2023 -463.40 Mn
Sep 30, 2023 74.10 Mn
Jun 30, 2023 321.20 Mn
Mar 31, 2023 11.40 Mn
Dec 31, 2022 -281.60 Mn
Sep 30, 2022 -634.70 Mn
Jun 30, 2022 -379.60 Mn
Mar 31, 2022 233.20 Mn
Dec 31, 2021 781.70 Mn
Sep 30, 2021 1.15 Bn
Jun 30, 2021 2.04 Bn