Fortinet (FTNT) Other Working Capital Changes (2010 - 2026)
Fortinet's Other Working Capital Changes came in at $324.2 million for Q2 2026, up 119.4% from $147.8 million a year earlier and up 37.5% from the prior quarter.
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Analysis
Fortinet (FTNT) Other Working Capital Changes (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Fortinet reported Other Working Capital Changes of $1.11 billion, up 78.7% year-over-year; for FY2025, it came in at $754.2 million, up 30.5% from FY2024.
- Other Working Capital Changes carries a five-year compound annual growth rate of 8.8% (FY2020 to FY2025).
- Going back by year, Other Working Capital Changes was $577.8 million in FY2024 (-47.2%), $1.1 billion in FY2023 (-7.0%), $1.18 billion in FY2022 (+40.3%) and $839.4 million in FY2021 (+69.4%).
- The five-year range for quarterly Other Working Capital Changes is $54.8 million (Q1 2024) to $466.1 million (Q4 2025).
- Year-over-year, Other Working Capital Changes has increased for six consecutive quarters, with growth averaging 56.0% over the last eight quarters.
- The fastest year-over-year change in Other Working Capital Changes over five years came in Q1 2026 (growth of 313.5%), and the weakest in Q1 2024 (a decline of 77.2%).
- Business Quant data shows FTNT's Other Working Capital Changes at $235.7 million (Q1 2026), $466.1 million (Q4 2025) and $83.3 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 262.30 Bn | 247.37 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 234.88 Bn | 215.28 Bn | 1.10 Bn |
| 3 | Fortinet | 126.31 Bn | 112.24 Bn | 1.64 Bn |
| 4 | Snowflake | 108.96 Bn | 96.28 Bn | 1.04 Bn |
| 5 | Datadog | 89.15 Bn | 70.79 Bn | 881.34 Mn |
| 6 | Zscaler | 33.30 Bn | 19.41 Bn | - |
| 7 | Okta | 32.97 Bn | 23.07 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.44 Bn | 26.97 Bn | 546.45 Mn |
| 9 | MongoDB | 27.30 Bn | 17.77 Bn | 569.77 Mn |
| 10 | F5 | 25.23 Bn | 19.64 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 129.20 Mn |
| Mar 31, 2026 | 180.70 Mn |
| Dec 31, 2025 | 288.20 Mn |
| Sep 30, 2025 | -53.60 Mn |
| Jun 30, 2025 | -12.10 Mn |
| Mar 31, 2025 | -29.40 Mn |
| Dec 31, 2024 | 237.60 Mn |
| Sep 30, 2024 | -1.40 Mn |
| Jun 30, 2024 | 23.80 Mn |
| Mar 31, 2024 | -18.00 Mn |
| Dec 31, 2023 | 349.00 Mn |
| Sep 30, 2023 | 86.70 Mn |
| Jun 30, 2023 | 148.20 Mn |
| Mar 31, 2023 | 148.00 Mn |
| Dec 31, 2022 | 316.00 Mn |
| Sep 30, 2022 | 195.20 Mn |
| Jun 30, 2022 | 212.80 Mn |
| Mar 31, 2022 | 92.30 Mn |
| Dec 31, 2021 | 240.30 Mn |
| Sep 30, 2021 | 120.80 Mn |
API Access
Fortinet Other Working Capital Changes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();