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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Fortinet (FTNT) Net Margin (2016 - 2025)

Fortinet has reported Net Margin over the past 16 years, most recently at 26.56% for Q4 2025.

  • Quarterly results put Net Margin at 26.56% for Q4 2025, up 45261.0% from a year ago — trailing twelve months through Dec 2025 was 27.11% (up 144.0% YoY), and the annual figure for FY2025 was 27.11%, down 269.0%.
  • Net Margin for Q4 2025 was 26.56% at Fortinet, down from 27.49% in the prior quarter.
  • Over the last five years, Net Margin for FTNT hit a ceiling of 951.92% in Q3 2021 and a floor of 426.05% in Q4 2024.
  • Median Net Margin over the past 5 years was 23.61% (2023), compared with a mean of 67.05%.
  • Biggest five-year swings in Net Margin: skyrocketed 93297bps in 2021 and later tumbled -93231bps in 2022.
  • Fortinet's Net Margin stood at 420.95% in 2021, then crashed by -93bps to 27.98% in 2022, then dropped by -19bps to 22.64% in 2023, then tumbled by -1982bps to 426.05% in 2024, then soared by 106bps to 26.56% in 2025.
  • The last three reported values for Net Margin were 26.56% (Q4 2025), 27.49% (Q3 2025), and 27.01% (Q2 2025) per Business Quant data.