Fortinet, Inc. financial data

Symbol
FTNT on Nasdaq
Industry
Computer Peripheral Equipment, NEC
Location
909 Kifer Road, Sunnyvale, CA
Fiscal year end
December 31
Latest financial report
10-K - Q4 2024 - Feb 21, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 134 % +2.52%
Quick Ratio 9.65 % -16.5%
Debt-to-equity 1.24K %
Return On Equity 273 %
Return On Assets 20.3 % +28.7%
Operating Margin 30.3 % +29.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 769M shares +0.66%
Common Stock, Shares, Outstanding 767M shares +0.79%
Entity Public Float 31.5B USD -18.1%
Common Stock, Value, Issued 800K USD 0%
Weighted Average Number of Shares Outstanding, Basic 764M shares -1.82%
Weighted Average Number of Shares Outstanding, Diluted 772M shares -2.07%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 5.96B USD +12.3%
Research and Development Expense 717M USD +16.8%
Selling and Marketing Expense 2.04B USD +1.93%
General and Administrative Expense 238M USD +12.5%
Operating Income (Loss) 1.8B USD +45.3%
Income Tax Expense (Benefit) 284M USD +97.4%
Net Income (Loss) Attributable to Parent 1.75B USD +52%
Earnings Per Share, Basic 2.28 USD/shares +55.1%
Earnings Per Share, Diluted 2.26 USD/shares +54.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.88B USD +106%
Accounts Receivable, after Allowance for Credit Loss, Current 1.46B USD +4.38%
Inventory, Net 316M USD -34.9%
Assets, Current 5.97B USD +34.8%
Deferred Income Tax Assets, Net 1.34B USD +53.7%
Property, Plant and Equipment, Net 1.35B USD +29.2%
Operating Lease, Right-of-Use Asset 72.2M USD -5%
Intangible Assets, Net (Excluding Goodwill) 115M USD +226%
Goodwill 235M USD +86.1%
Other Assets, Noncurrent 133M USD -11.2%
Assets 9.76B USD +34.5%
Accounts Payable, Current 191M USD -6.56%
Employee-related Liabilities, Current 256M USD +5.53%
Accrued Liabilities, Current 338M USD -20.3%
Contract with Customer, Liability, Current 3.08B USD +16.4%
Liabilities, Current 4.06B USD +9.19%
Contract with Customer, Liability, Noncurrent 2.93B USD +11.1%
Accrued Income Taxes, Noncurrent 61.8M USD -8.85%
Operating Lease, Liability, Noncurrent 46.4M USD +1.53%
Other Liabilities, Noncurrent 130M USD +3.93%
Liabilities 8.27B USD +7.08%
Accumulated Other Comprehensive Income (Loss), Net of Tax -26.1M USD -38.1%
Retained Earnings (Accumulated Deficit) -117M USD +93.7%
Stockholders' Equity Attributable to Parent 1.49B USD
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1.49B USD
Liabilities and Equity 9.76B USD +34.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 830M USD +22.6%
Net Cash Provided by (Used in) Financing Activities -30.3M USD -121%
Net Cash Provided by (Used in) Investing Activities -270M USD -538%
Common Stock, Shares Authorized 1.5B shares 0%
Common Stock, Shares, Issued 767M shares +0.79%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 528M USD -15%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.88B USD +106%
Interest Paid, Excluding Capitalized Interest, Operating Activities 8M USD 0%
Deferred Tax Assets, Valuation Allowance 40.7M USD +22.6%
Deferred Tax Assets, Gross 1.54B USD +46.1%
Operating Lease, Liability 79.1M USD 0%
Depreciation 99.7M USD +5.5%
Payments to Acquire Property, Plant, and Equipment 222M USD +632%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.74B USD +51.2%
Lessee, Operating Lease, Liability, to be Paid 84.3M USD -2.43%
Property, Plant and Equipment, Gross 1.77B USD +26.3%
Operating Lease, Liability, Current 32.7M USD -2.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 20.4M USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year One 34.9M USD +5.76%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 5.2M USD -28.8%
Lessee, Operating Lease, Liability, to be Paid, Year Three 13.7M USD +19.1%
Deferred Tax Assets, Operating Loss Carryforwards 19.2M USD -9.43%
Unrecognized Tax Benefits 75.9M USD +15.4%
Lessee, Operating Lease, Liability, to be Paid, Year Four 11M USD +37.5%
Amortization of Intangible Assets 23.1M USD +22.2%
Depreciation, Depletion and Amortization 28.6M USD +4%
Deferred Tax Assets, Net of Valuation Allowance 1.5B USD +46.9%
Share-based Payment Arrangement, Expense 260M USD +3.42%
Interest Expense 20.9M USD +8.85%