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Home CompaniesFortinet Inc.

Fortinet Inc.

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Company price
185.83 GBX 2.36 ( 1.29%)
Last update at 2026-10-27T16:42:00Z
VOLUME
9457
Market Cap
1411193.75M
P/E
0.22

Momentum Score

…

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

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Day Price Range
178.80
Low
187.85
High
52 Week Price Range
70.13
Low
108.95
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
183.47
Dividend Yield
-
Revenue TTM
6799.60M
Revenue Per Share
8.97
Gross Profit TTM
5470.70M
Debt / Equity
0.81
ROE
135.72%
Net Debt
-1499.00M
ROCE
42.99%
Diluted EPS TTM
3.83

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 2292.50M 2029.10M 1291.60M 887.40M 620.80M
Net income 1853.40M 1745.20M 1147.80M 857.30M 606.80M
Selling general administrative - 237.80M 211.30M 169.00M 143.50M
Selling and marketing expenses - 2044.80M 2006.00M 1686.10M 1345.70M
Gross profit 5470.70M 4698.50M 4067.60M 3332.50M 2559.20M
Ebit 2302.30M 2078.50M 1236.50M 965.00M 645.80M
Ebitda 2790.60M 2201.30M 1349.90M 1069.30M 730.20M
Depreciation and amortization 488.30M 122.80M 113.40M 104.30M 84.40M
Operating income 2074.30M 1798.80M 1241.10M 965.00M 645.80M
Other operating expenses 4725.30M 4157.00M 4063.70M 3529.40M 2711.00M
Interest expense 20.10M 20.00M 21.00M - 0.00M
Tax provision - - - - 14.10M
Interest income - - - - 10.40M
Income tax expense 439.10M 283.90M 143.80M 30.80M 14.10M
Total revenue 6799.60M 5955.80M 5304.80M 4417.40M 3342.20M
Total operating expenses 3396.40M 2899.70M 2826.50M 2444.50M 1928.00M
Cost of revenue 1328.90M 1257.30M 1237.20M 1084.90M 783.00M
Total other income expense net 218.20M 230.30M 50.50M -77.60M -25.00M
Net income applicable to common shares - - - 857.30M 606.80M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 10389.20M 9763.10M 7258.90M 6228.00M 5919.10M
Intangible assets 97.30M 115.00M 35.30M 56.00M 63.60M
Other current assets 227.00M 126.10M 101.10M 73.10M 65.40M
Total liab 9151.70M 8269.30M 7722.30M 6509.60M 5120.70M
Total stockholder equity 1237.50M 1493.80M -463.40M -281.60M 781.70M
Deferred long term liab - - - 518.20M 423.30M
Other current liab 631.40M 528.20M 535.60M 2835.00M 2169.70M
Common stock 0.70M 0.80M 0.80M 0.80M 0.80M
Retained earnings -507.90M -117.10M -1861.70M -1546.40M -467.90M
Other liab - - - 2378.30M 1773.70M
Good will 257.40M 235.40M 126.50M 128.00M 125.10M
Other assets - - 0.00M 1193.30M 936.30M
Cash 2495.30M 2875.90M 1397.90M 1682.90M 1319.10M
Total current liabilities 5034.00M 4060.70M 3719.00M 3078.40M 2318.10M
Current deferred revenue 3636.00M 3276.20M 2848.70M - -
Net debt -1499.00M -1802.50M -326.50M -1682.90M -1319.10M
Short term debt 535.80M 65.40M 66.80M - -
Short long term debt total 996.30M 1073.40M 1071.40M - 988.40M
Other stockholder equity 1770.10M 1636.20M 1416.40M 1264.00M 1248.80M
Property plant equipment - - - 994.80M 752.70M
Total current assets 5900.20M 5971.50M 4428.30M 3810.40M 3600.60M
Net tangible assets - - - -465.60M 593.00M
Short term investments 1087.20M 1190.60M 1042.50M 528.10M 1232.60M
Net receivables 1691.20M 1463.40M 1402.00M 1261.70M 807.70M
Long term debt - - - - 988.40M
Inventory 399.50M 315.50M 484.80M 264.60M 175.80M
Accounts payable 230.80M 190.90M 204.30M 243.40M 148.40M
Accumulated other comprehensive income -25.40M -26.10M -18.90M - -
Non currrent assets other 860.70M 670.70M 637.40M -1224.30M -1382.20M
Non current assets total 4489.00M 3791.60M 2830.60M 1224.30M 1382.20M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - - - 1075.90M -954.70M
Change to liabilities - - - 1056.30M 732.30M
Total cashflows from investing activities -599.10M -727.40M -649.30M 763.90M -1325.10M
Net borrowings - - - - 969.90M
Total cash from financing activities -2371.50M -50.10M -1570.40M -2130.30M 82.80M
Change to operating activities - - - -257.50M -238.00M
Net income 1853.40M 1745.20M 1147.80M 857.30M 606.80M
Change in cash -380.60M 1478.00M -285.00M 363.80M 257.30M
Begin period cash flow 2875.90M 1397.90M 1682.90M 1319.10M 1061.80M
End period cash flow 2495.30M 2875.90M 1397.90M 1682.90M 1319.10M
Total cash from operating activities 2590.60M 2258.10M 1935.50M 1730.60M 1499.70M
Depreciation 488.30M 122.80M 379.70M 104.30M 84.40M
Other cashflows from investing activities 0.10M 0.10M 0.30M - 0.40M
Change to inventory -90.60M 131.20M -253.50M -109.10M -19.40M
Change to account receivables -215.90M -45.40M -146.40M -456.70M -72.50M
Sale purchase of stock -2289.80M -0.60M -1613.00M -2151.60M -909.70M
Other cashflows from financing activities -126.40M -112.60M 42.60M 21.30M 1012.00M
Change to netincome - - - 312.70M 230.20M
Capital expenditures 364.80M 378.90M 204.10M 281.20M 295.90M
Change in working capital -10.40M 202.60M -624.20M -565.80M -91.90M
Stock based compensation - - 251.60M 219.80M 211.20M
Other non cash items 193.10M 410.70M 780.60M 1115.00M 689.20M
Free cash flow 2225.80M 1879.20M 1731.40M 1449.40M 1203.80M

Peer Comparison*

Sector: Industry:

Stock Name
Change
(GBX)
Price
(GBX)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
0IR9
Fortinet Inc.		 2.36
1.29%		 185.83 0.22 - 2.08 -
0R15
SoftBank Group Corp.		 248.00
5.84%		 4494.00 - - - -
0R1E
Nintendo Co. Ltd.		 -115.00
1.34%		 8476.00 - - - -
0LC3
Synchrony Financial		 2.34
3.20%		 75.60 0.09 - 4.97 -
0HQP
CBRE Group Inc. Cl A		 0.15
0.12%		 122.47 0.25 - 1.18 -

Profile*

Fortinet Inc.

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

909 Kifer Road, Sunnyvale, CA, United States, 94086

408 235 7700

https://www.fortinet.com

15109

Name Title Year Born
Mr. Ken Xie Founder, Chairman & CEO 1963
Mr. Michael Xie Founder, Pres, CTO & Director 1969
Mr. Keith F. Jensen CFO & Chief Accounting Officer 1959
Mr. John Whittle EVP of Corp. Devel., Chief Legal Officer & Corp. Sec. 1969
Ms. Ana Pease VP of Talent Management & Operations NA
Mr. Peter M. Salkowski VP of Investor Relations NA
Mr. John Maddison Chief Marketing Officer & Exec. VP of Products NA
Mr. Chris Perna VP of Talent Acquisition NA
Mr. Patrice Perche Exec. VP of Support & Chief Revenue Officer 1962
Pedro Paixao Pres for Latin America and Gen. Mang. for Latin America NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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