Fortinet, Inc.FTNT

NasdaqTechnologyComputer Peripheral Equipment, NEC
Price (close)
$178.67
Market cap
$131.1B
P/E
61.8x
Revenue (TTM)
$7.5B
Net income
$2.1B
Dividend yield
—
1-year total return
114.7%
Net margin
28.2%
Revenue growth
18.8%
Debt / equity
0.32x

What Fortinet, Inc. does.

Fortinet is a leader in cybersecurity, driving the convergence of networking and security. Our mission is to secure people, devices and data everywhere. Our integrated platform, the Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (“SASE”) and artificial intelligence (“AI”)-driven security operations (“SecOps”). As of December 31, 2025, our end-customers were located in over 100 countries and included enterprises across a wide variety of market verticals, including financial services, retail, healthcare and operational technology (“OT”) market verticals, communication and security service providers, and government organizations. As a global company headquartered in Sunnyvale, California, our research and development is centered in the United States and Canada with a global footprint of support and centers of excellence around the world. As of December 31, 2025, we held 1,064 U.S. patents and a total of 1,405 global patents, including 321 AI-related patents. We have been recognized in over 140 enterprise analyst reports demonstrating both our vision and execution across security and networking products.

Our competitive differentiation lies in our core technologies, which together provide performance, security, flexibility and integration across diverse environments.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$2.6B$3.3B$4.4B$5.3B$6.0B$6.8B
Net income$488.5M$606.8M$857.3M$1.1B$1.7B$1.9B
Free cash flow$957.8M$1.2B$1.4B$1.7B$1.9B$2.2B

More on FTNT.

Figures from Fortinet, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.