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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 - 2026)

Fortinet's Net Margin history spans 17 years, with the latest figure at 28.9% for Q1 2026.

  • Quarterly Net Margin rose 144.0% to 28.9% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 27.5% through Mar 2026, up 30.0% year-over-year, with the annual reading at 27.11% for FY2025, 269.0% down from the prior year.
  • Net Margin came in at 28.9% for Q1 2026, up from 26.56% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 36.15% in Q3 2024 to a low of 426.05% in Q4 2024.
  • The 5-year median for Net Margin is 24.58% (2023), against an average of 2.07%.
  • Year-over-year, Net Margin tumbled -93231bps in 2022 and then soared 45261bps in 2025.
  • Fortinet's Net Margin stood at 27.98% in 2022, then decreased by -19bps to 22.64% in 2023, then crashed by -1982bps to 426.05% in 2024, then skyrocketed by 106bps to 26.56% in 2025, then rose by 9bps to 28.9% in 2026.
  • Per Business Quant, the three most recent readings for FTNT's Net Margin are 28.9% (Q1 2026), 26.56% (Q4 2025), and 27.49% (Q3 2025).