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