Fortinet
$180.95Change from previous close: +1.25%Absolute change: +$2.23
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,044 | 1,077 | 620 | 655 | 452 | 863 | 478 | 608 | 342 | 830 | 192 | 551 |
| Depreciation and amortization | 41.4 | 39.8 | 39.5 | 38.4 | 38.3 | 35.8 | 35.2 | 29.8 | 29.2 | 28.6 | 30.2 | 28.3 |
| Capital expenditure | -78.0 | -70.6 | -42.8 | -87.7 | -168 | -66.5 | -97.6 | -36.3 | -23.1 | -222 | -26.9 | -70.1 |
| Investing cash flow | -185 | -5.7 | -46.3 | -176 | -266 | -111 | -79.9 | -327 | -50.1 | -270 | -71.6 | -111 |
| Financing cash flow | -148 | -1,343 | -72.7 | -1,852 | -414 | -32.7 | -8.8 | 3.0 | -14.0 | -30.3 | -910 | -629 |
| Share repurchases | -173 | -859 | -79.8 | -1,858 | -425 | -52.9 | -21.3 | -17.1 | -20.2 | -42.9 | -918 | -635 |
| Debt repaid | 0.0 | -500 | — | — | 0.0 | 0.0 | — | — | — | — | — | — |
| Effect of exchange rates | 0.0 | 0.0 | -1.6 | -0.3 | 0.4 | 0.9 | -2.3 | 2.1 | -1.0 | -1.4 | 1.1 | -0.6 |
| Net change in cash | 711 | -272 | 500 | -1,373 | -228 | 721 | 387 | 286 | 277 | 528 | -789 | -190 |
| Free cash flow | 966 | 1,007 | 577 | 568 | 284 | 797 | 380 | 572 | 319 | 609 | 165 | 481 |
| Levered free cash flow | 685 | 901 | 231 | 448 | 233 | 835 | 194 | 643 | 294 | 705 | 7.1 | 406 |