Fortinet Key Ratios (2010-2026)

Reported Financials

Fortinet Quarterly Ratios

Periods 65 quarters

Latest Jun 2026

Fortinet reported a gross margin of 80.24% and a net margin of 29.55% for the quarter ended Jun 2026. These financial ratios cover 65 quarters of results from Jun 2010 through Jun 2026, standardized by Business Quant from the company’s SEC filings.

Ratios	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025	Mar2026	Jun2026
Profitability
Gross Margin	75.65%	1,656.08%	73.42%	75.65%	75.38%	76.83%	75.62%	77.12%	76.20%	77.68%	77.48%	80.83%	82.53%	4,326.69%	80.96%	80.68%	80.77%	79.57%	80.29%	80.24%
EBT Margin	18.07%	466.89%	14.53%	17.85%	23.03%	28.70%	23.06%	23.14%	24.56%	29.37%	25.52%	32.65%	41.54%	-147.27%	33.73%	31.74%	34.48%	34.16%	35.50%	35.17%
EBIT Margin	19.19%	484.01%	15.81%	18.96%	23.10%	27.89%	21.67%	21.58%	22.72%	27.23%	23.73%	30.48%	31.22%	1,845.98%	29.47%	28.10%	31.73%	32.84%	31.36%	33.66%
EBITDA Margin	27.03%	651.35%	23.98%	26.70%	30.33%	34.65%	28.80%	28.76%	29.93%	34.34%	31.17%	37.59%	38.08%	2,201.61%	36.86%	35.48%	38.94%	39.65%	38.60%	40.40%
Operating Margin	19.19%	484.01%	15.81%	18.96%	23.10%	27.89%	21.67%	21.58%	22.72%	27.23%	23.73%	30.48%	31.22%	1,845.98%	29.47%	28.10%	31.73%	32.84%	31.36%	33.66%
Net Margin	19.14%	458.56%	15.37%	17.62%	20.65%	27.98%	21.37%	21.01%	24.58%	22.64%	22.60%	27.32%	36.15%	-426.05%	27.46%	27.01%	27.49%	26.56%	28.90%	29.55%
FCF Margin	41.64%	485.36%	28.64%	27.52%	34.38%	38.75%	51.27%	35.83%	38.21%	11.65%	44.96%	22.23%	37.92%	1,221.86%	51.75%	19.72%	33.88%	30.31%	54.42%	47.15%
Efficiency
Inventory AverageInventory Avg.	0.16B	0.18B	0.18B	0.19B	0.21B	0.24B	0.28B	0.34B	0.42B	0.48B	0.46B	0.41B	0.37B	0.33B	0.34B	0.38B	0.42B	0.41B	0.38B	0.40B
Assets AverageAssets Avg.	5.76B	5.94B	5.79B	5.47B	5.32B	5.78B	6.53B	7.16B	7.48B	7.37B	7.46B	7.86B	8.45B	9.31B	10.09B	10.52B	10.00B	9.88B	10.14B	10.37B
Equity AverageEquity Avg.	1.09B	0.97B	0.52B	-0.07B	-0.51B	-0.46B	-0.14B	0.17B	0.20B	-0.19B	-0.30B	0.08B	0.60B	1.20B	1.73B	2.01B	1.40B	0.99B	1.11B	1.27B
Invested CapitalInvested Cap.	2.14B	1.79B	1.22B	0.61B	0.36B	0.71B	1.00B	1.31B	1.07B	0.53B	0.86B	1.28B	1.90B	2.49B	2.96B	3.06B	1.73B	2.23B	1.49B	2.05B
Asset Utilization RatioAsset Util.	0.54	0.41	0.46	0.53	0.60	0.76	0.72	0.70	0.69	0.72	0.72	0.70	0.68	0.46	0.45	0.45	0.49	0.69	0.70	0.73
Leverage & Solvency
Interest Coverage RatioInterest Cover	36.17	47.76	33.56	43.40	59.00	79.51	54.70	53.65	56.15	71.37	62.98	87.44	94.18	117.16	92.61	99.57	88.27	142.18	138.10	215.41
Debt Ratio	0.17	0.17	0.17	0.19	0.19	0.16	0.15	0.13	0.13	0.14	0.13	0.12	0.11	0.10	0.10	0.09	0.11	0.10	0.05	0.05
Times Interest Earned	36.17	47.76	33.56	43.40	59.00	79.51	54.70	53.65	56.15	71.37	62.98	87.44	94.18	117.16	92.61	99.57	88.27	142.18	138.10	215.41
Valuation
Price to EarningsP/E	85.61	94.78	83.78	63.92	49.82	41.32	49.76	52.19	37.08	37.43	42.52	34.21	37.98	65.26	60.33	63.45	51.85	32.01	30.68	53.16
Price to SalesP/S	15.26	24.03	20.54	15.40	12.06	8.65	11.03	11.91	8.81	8.40	9.66	8.32	10.40	16.75	16.41	17.19	12.68	8.68	8.44	14.97
Price to BookP/B	42.02	72.92	234.92				0.00B	184.88	614.75			159.81	65.39	48.51	37.72	39.28	84.97	47.68	60.61	72.66
Enterprise Value	44.66B	55.73B	52.69B	42.89B	36.63B	36.02B	49.28B	56.09B	42.40B	42.12B	49.13B	42.74B	55.73B	68.40B	69.26B	76.38B	59.34B	55.42B	56.69B	108.63B
EV to EBIT	73.83	85.68	77.51	58.95	44.31	37.15	45.12	47.71	34.94	33.94	38.12	29.54	34.51	37.93	35.78	39.03	29.19	26.58	25.64	44.48
EV to EBITDA	52.84	61.19	54.82	41.74	32.09	27.77	34.42	36.70	26.85	25.99	29.26	23.15	27.57	30.81	29.28	31.76	23.71	21.54	20.85	36.59
Market Capitalization	47.72B	58.22B	54.78B	44.61B	38.33B	38.21B	52.13B	59.38B	45.55B	44.54B	52.13B	46.06B	59.38B	72.47B	74.04B	80.94B	62.46B	59.00B	59.98B	112.70B
Price to FCFP/FCF	37.17	47.14	44.01	39.35	32.82	26.36	28.59	29.65	21.51	24.95	29.85	28.75	35.69	38.56	35.81	39.10	29.99	25.88	24.09	35.96
EV to FCF	34.79	45.12	42.33	37.84	31.37	24.85	27.03	28.01	20.03	23.60	28.13	26.68	33.49	36.40	33.50	36.90	28.49	24.31	22.77	34.66
EV to CFO	31.24	37.16	33.35	28.88	23.34	20.81	24.49	25.45	18.66	21.76	23.53	22.32	28.26	30.29	30.23	31.81	24.24	21.39	20.21	31.99
Return Ratios
Return on Sales [ROS]ROS	19.19%	484.01%	15.81%	18.96%	23.10%	27.89%	21.67%	21.58%	22.72%	27.23%	23.73%	30.48%	31.22%	1,845.98%	29.47%	28.10%	31.73%	32.84%	31.36%	33.66%
Return on Capital Employed [ROCE]ROCE	16.96%	17.93%	20.76%	25.64%	32.60%	35.86%	33.41%	32.14%	31.65%	34.00%	35.21%	35.02%	35.34%	34.37%	36.14%	34.05%	38.99%	43.06%	40.10%	44.16%
Return on Invested Capital [ROIC]ROIC	27.22%	32.37%	45.19%	79.44%	165.88%	176.38%	120.71%	94.50%	97.46%	138.86%	164.48%	117.09%	85.46%	65.43%	55.64%	51.34%	64.54%	84.93%	96.03%	111.71%
Return on Assets [ROA]ROA	9.67%	10.33%	11.30%	12.75%	14.47%	15.99%	16.04%	15.89%	16.42%	16.15%	16.43%	17.13%	18.50%	11.93%	12.17%	12.12%	12.04%	18.66%	19.29%	20.44%
Return on Equity [ROE]ROE	51.00%	63.53%	126.77%					684.19%	621.55%			1,786.60%	261.36%	92.46%	71.01%	63.42%	86.18%	186.87%	175.55%	166.87%

Fortinet Ratios API

Pull Fortinet's standardized financial statements into your own models, spreadsheets and apps with the Business Quant Financial Statements API. The request below follows the statement, frequency and period selected above. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/statements?ticker=FTNT&statement=Ratios&frequency=Quarter&period=all&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/statements"
params = {"ticker": "FTNT", "statement": "Ratios", "frequency": "Quarter", "period": "all", "api_key": "YOUR_API_KEY"}

data = requests.get(url, params=params).json()

const res = await fetch("https://data.businessquant.com/statements?ticker=FTNT&statement=Ratios&frequency=Quarter&period=all&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

Fortinet FTNT Ratios (2010-2026)

Fortinet Quarterly Ratios

Fortinet Ratios API

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