KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
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) Operating Margin (2016 - 2026)

Fortinet's Operating Margin history spans 17 years, with the latest figure at 31.36% for Q1 2026.

  • Quarterly Operating Margin rose 188.0% to 31.36% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 31.1% through Mar 2026, down 1180.0% year-over-year, with the annual reading at 30.66% for FY2025, 38.0% up from the prior year.
  • Operating Margin came in at 31.36% for Q1 2026, down from 32.84% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 1845.98% in Q4 2024 to a low of 15.81% in Q1 2022.
  • The 5-year median for Operating Margin is 27.89% (2022), against an average of 133.17%.
  • Year-over-year, Operating Margin soared 181875bps in 2024 and then plummeted -181314bps in 2025.
  • Fortinet's Operating Margin stood at 27.89% in 2022, then fell by -2bps to 27.23% in 2023, then skyrocketed by 6678bps to 1845.98% in 2024, then crashed by -98bps to 32.84% in 2025, then decreased by -5bps to 31.36% in 2026.
  • Per Business Quant, the three most recent readings for FTNT's Operating Margin are 31.36% (Q1 2026), 32.84% (Q4 2025), and 31.73% (Q3 2025).