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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) Return on Invested Capital (2016 - 2025)

Fortinet has reported Return on Invested Capital over the past 15 years, most recently at 1.13% for Q4 2025.

  • Quarterly results put Return on Invested Capital at 1.13% for Q4 2025, down 6.0% from a year ago — trailing twelve months through Dec 2025 was 1.13% (down 6.0% YoY), and the annual figure for FY2025 was 1.04%, down 198.0%.
  • Return on Invested Capital for Q4 2025 was 1.13% at Fortinet, up from 0.81% in the prior quarter.
  • Over the last five years, Return on Invested Capital for FTNT hit a ceiling of 16.6% in Q2 2024 and a floor of 10.1% in Q2 2022.
  • Median Return on Invested Capital over the past 5 years was 0.63% (2021), compared with a mean of 0.39%.
  • Biggest five-year swings in Return on Invested Capital: surged 1668bps in 2023 and later crashed -1599bps in 2025.
  • Fortinet's Return on Invested Capital stood at 0.65% in 2021, then crashed by -418bps to 2.08% in 2022, then tumbled by -174bps to 5.69% in 2023, then surged by 121bps to 1.2% in 2024, then fell by -5bps to 1.13% in 2025.
  • The last three reported values for Return on Invested Capital were 1.13% (Q4 2025), 0.81% (Q3 2025), and 0.61% (Q2 2025) per Business Quant data.