Fortinet
$178.72Change from previous close: −0.02%Absolute change: −$0.04
At a glance
- Revenue growth
- +14.17%
- 2025 vs 2024
- Net income growth
- +6.20%
- 2025 vs 2024
- Net margin
- 27.3%
- 2024: 29.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 6,800 | 5,956 | 5,305 | 4,417 | 3,342 |
| Cost of revenue | 1,329 | 1,158 | 1,237 | 1,085 | 783 |
| Gross profit | 5,471 | 4,798 | 4,068 | 3,333 | 2,559 |
| Selling, general and administrative | 2,581 | 2,283 | 2,217 | 1,855 | 1,489 |
| Research and development | 816 | 717 | 614 | 512 | 424 |
| Operating income | 2,074 | 1,799 | 1,237 | 965 | 646 |
| EBIT | 2,074 | 1,799 | 1,237 | 965 | 646 |
| EBITDA | 2,226 | 1,922 | 1,350 | 1,069 | 730 |
| Interest expense | 20.1 | 20.0 | 21.0 | 18.0 | 14.9 |
| Pre-tax income | 2,293 | 2,029 | 1,292 | 887 | 621 |
| Income tax | 439 | 284 | 144 | 30.8 | 14.1 |
| Net income | 1,853 | 1,745 | 1,148 | 857 | 607 |
| Net income to common shareholders | 1,853 | 1,745 | 1,148 | 857 | 607 |
| Basic EPS | 2.45 | 2.28 | 1.47 | 1.08 | 0.74 |
| Diluted EPS | 2.42 | 2.26 | 1.46 | 1.06 | 0.73 |
| Average shares (basic) | 758 | 764 | 779 | 791 | 816 |
| Average shares (diluted) | 765 | 772 | 788 | 805 | 835 |