Fortinet (FTNT) Stock Price

Fortinet Price

🇺🇸NASDAQ·CLOSED
143.04USD
Market closed
Today +/-
Today %

Fortinet (FTNT) Stock | ISIN US34959E1091 | WKN A0YEFE. The current Fortinet stock price is 143.04 USD (2026). Revenue is 7.75 B USD. Net income is 2.29 B USD. The P/E ratio is 47.72. Market capitalization is 109.37 B USD. Fortinet operates in the Information technology sector.

Fortinet stock price

Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Fortinet over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Fortinet stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Fortinet's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Fortinet Stock Price History
DateFortinet Price
Access this data via the Eulerpool API

Fortinet Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
123.47 M USD
-6 M USD
-5.34 M USD
Jan 1, 2007
155.37 M USD
-21.58 M USD
-21.84 M USD
Jan 1, 2008
211.79 M USD
4.93 M USD
453,000 USD
Jan 1, 2009
252.12 M USD
25.33 M USD
50.91 M USD
Jan 1, 2010
324.7 M USD
55.34 M USD
41.25 M USD
Jan 1, 2011
433.58 M USD
86.99 M USD
62.49 M USD
Jan 1, 2012
533.64 M USD
98.56 M USD
66.84 M USD
Jan 1, 2013
615.3 M USD
72.09 M USD
44.27 M USD
Jan 1, 2014
770.36 M USD
59.32 M USD
25.34 M USD
Jan 1, 2015
1.01 B USD
22.48 M USD
7.99 M USD
Jan 1, 2016
1.28 B USD
46.94 M USD
32.19 M USD
Jan 1, 2017
1.49 B USD
110.14 M USD
31.4 M USD
Jan 1, 2018
1.8 B USD
231 M USD
332.2 M USD
Jan 1, 2019
2.16 B USD
351 M USD
331.7 M USD
Jan 1, 2020
2.59 B USD
491.6 M USD
488.5 M USD

Fortinet Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 12:36 PM
 
REVENUE (M USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M USD)
NET INCOME (M USD)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Fortinet generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Fortinet retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Fortinet's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Fortinet has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Fortinet's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Fortinet stock margins

The Fortinet margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Fortinet. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Fortinet.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
66.82 %
-4.86 %
-4.33 %
Jan 1, 2007
63.54 %
-13.89 %
-14.06 %
Jan 1, 2008
69.09 %
2.33 %
0.21 %
Jan 1, 2009
72.24 %
10.05 %
20.19 %
Jan 1, 2010
73.76 %
17.04 %
12.7 %
Jan 1, 2011
73.8 %
20.06 %
14.41 %
Jan 1, 2012
72.37 %
18.47 %
12.52 %
Jan 1, 2013
70.64 %
11.72 %
7.2 %
Jan 1, 2014
70.01 %
7.7 %
3.29 %
Jan 1, 2015
71.59 %
2.23 %
0.79 %
Jan 1, 2016
73.51 %
3.68 %
2.52 %
Jan 1, 2017
74.23 %
7.37 %
2.1 %
Jan 1, 2018
74.99 %
12.82 %
18.44 %
Jan 1, 2019
76.61 %
16.23 %
15.34 %
Jan 1, 2020
78.03 %
18.95 %
18.83 %

Fortinet Stock Revenue, EBIT, Earnings per Share

The Fortinet earnings per share therefore indicates how much revenue Fortinet has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
0.65 USD
-0.03 USD
-0.03 USD
Jan 1, 2007
0.81 USD
-0.11 USD
-0.11 USD
Jan 1, 2008
0.79 USD
0.02 USD
0 USD
Jan 1, 2009
0.39 USD
0.04 USD
0.08 USD
Jan 1, 2010
0.42 USD
0.07 USD
0.05 USD
Jan 1, 2011
0.53 USD
0.11 USD
0.08 USD
Jan 1, 2012
0.64 USD
0.12 USD
0.08 USD
Jan 1, 2013
0.73 USD
0.09 USD
0.05 USD
Jan 1, 2014
0.91 USD
0.07 USD
0.03 USD
Jan 1, 2015
1.15 USD
0.03 USD
0.01 USD
Jan 1, 2016
1.45 USD
0.05 USD
0.04 USD
Jan 1, 2017
1.68 USD
0.12 USD
0.04 USD
Jan 1, 2018
2.07 USD
0.27 USD
0.38 USD
Jan 1, 2019
2.47 USD
0.4 USD
0.38 USD
Jan 1, 2020
3.09 USD
0.59 USD
0.58 USD

Fortinet business model & stock analysis

Fortinet Inc. is an American IT security company specializing in the development, production, and marketing of advanced security solutions for businesses, service providers, and government agencies. Established in 2000 by Ken Xie, the former founder and CEO of Netscreen Technologies, the company is headquartered in Sunnyvale, California. Fortinet's business model focuses on the development of cybersecurity solutions. They offer advanced and comprehensive security solutions based on the latest technologies and strategies, capable of defending against various security threats such as viruses, malware, phishing, DDoS attacks, ransomware, etc. Fortinet follows a multi-level strategy to expand its business, relying on partnerships, mergers, and acquisitions in the cybersecurity industry. Fortinet began as a small startup company in California in 2000. In 2001, they introduced their first product, the FortiGate, which served as a Unified Threat Management (UTM) device, incorporating multiple security features such as firewall, VPN, Intrusion Prevention System (IPS), antivirus, and anti-spam. In 2003, the company launched the FortiManager and FortiAnalyzer product lines to enable centralized administration and comprehensive reporting of security events. Over the years, Fortinet has expanded its portfolio and now offers a wide range of products and solutions based on the latest technologies and strategies. In 2019, the company's revenue amounted to $2.16 billion. Fortinet offers a variety of products and solutions specializing in different areas of cybersecurity, including network and endpoint security, cloud security, application security, IoT and OT security and management, as well as consulting and professional services. The product range includes: - FortiGate: A network security device that includes firewall, VPN, IPS, application control, anti-malware, anti-spam, and web filtering. - FortiWeb: A web-based firewall that enhances the security of critical web applications. - FortiMail: An email security solution that blocks spam and malware, filters content, and provides encryption. - FortiDDoS: A solution for defending against Distributed Denial-of-Service (DDoS) attacks. - FortiClient: An endpoint security solution that ensures the security of devices. - FortiOS: An operating system and framework that controls most of Fortinet's products. - FortiManager: A centralized management system that enables configuration and administration of Fortinet security products. - FortiAnalyzer: A central reporting and analysis system that provides a comprehensive and detailed overview of security events. In conclusion, Fortinet has become a global leader in the cybersecurity industry in recent years. The company delivers advanced and comprehensive security solutions and relies on cooperation and acquisitions to consolidate its position in the industry. With a strong product portfolio and a high commitment to research and development, Fortinet will continue to play a significant role in the cybersecurity industry in the future.

Fortinet SWOT Analysis

Strengths

Fortinet Inc is a leading provider of cybersecurity solutions, offering a comprehensive range of products and services.

The company has a strong brand reputation and has been recognized as a market leader in the cybersecurity industry.

Fortinet's products are known for their reliability, scalability, and advanced threat protection capabilities.

Weaknesses

Fortinet's heavy reliance on a few key distributors for sales and distribution could pose a risk to the company's revenue and market share.

The company may face challenges in keeping up with rapidly evolving technology and cybersecurity threats.

Fortinet's product portfolio may be perceived as complex by some potential customers, requiring significant technical expertise for deployment and management.

Opportunities

The growing global cybersecurity market presents significant opportunities for Fortinet to expand its customer base and increase sales.

Increasing awareness about the need for robust cybersecurity measures across industries provides Fortinet with the chance to capitalize on demand.

As cloud computing and digital transformation continue to accelerate, there is an increasing need for advanced security solutions, opening doors for Fortinet.

Threats

Intense competition from both established players and emerging startups in the cybersecurity market poses a threat to Fortinet's market position.

Rapidly evolving cybersecurity threats and techniques may require continuous investments in research and development to stay ahead.

Economic downturns or budget constraints faced by potential customers could affect their willingness to invest in cybersecurity solutions.

Fortinet Segments

Fortinet Revenue by Segment (1/2)

  • Max

Service
Product
Details
Date
Service
Product
Jan 1, 2024
4.05 B USD
1.91 B USD
Jan 1, 2025
4.58 B USD
2.22 B USD

Fortinet Revenue by Segment (2/2)

  • Max

Reportable Segment
Details
Date
Reportable Segment
Jan 1, 2024
5.96 B USD
Jan 1, 2025
6.8 B USD

Fortinet Revenue by Region

  • 3 Years

  • 5 Years

  • Max

EMEA
Americas
United States
APAC
Other Americas
Details
Date
EMEA
Americas
United States
APAC
Other Americas
Jan 1, 2019
813.9 M USD
917.3 M USD
0 USD
425 M USD
0 USD
Jan 1, 2020
991.9 M USD
1.08 B USD
0 USD
525.3 M USD
0 USD
Jan 1, 2021
1.28 B USD
1.36 B USD
0 USD
707.5 M USD
0 USD
Jan 1, 2022
1.69 B USD
1.79 B USD
0 USD
940.6 M USD
0 USD
Jan 1, 2023
2.07 B USD
2.18 B USD
0 USD
1.06 B USD
0 USD
Jan 1, 2024
2.4 B USD
2.44 B USD
1.78 B USD
1.12 B USD
663.3 M USD
Jan 1, 2025
2.83 B USD
2.7 B USD
1.93 B USD
1.26 B USD
770.9 M USD

Fortinet Eulerpool Fair Value

Fortinet historical P/E ratio, EBIT multiple, and P/S ratio

Fortinet annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Fortinet shares outstanding

The number of shares was Fortinet in 2025 — This indicates how many shares 764.6 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
188.61 M base_Shares
Jan 1, 2007
192.76 M base_Shares
Jan 1, 2008
266.42 M base_Shares
Jan 1, 2009
652.19 M base_Shares
Jan 1, 2010
782.03 M base_Shares
Jan 1, 2011
818.91 M base_Shares
Jan 1, 2012
831.65 M base_Shares
Jan 1, 2013
840.92 M base_Shares
Jan 1, 2014
846.45 M base_Shares
Jan 1, 2015
880.71 M base_Shares
Jan 1, 2016
881.69 M base_Shares
Jan 1, 2017
890.4 M base_Shares
Jan 1, 2018
871 M base_Shares
Jan 1, 2019
875 M base_Shares
Jan 1, 2020
838.5 M base_Shares
Price targets and forecasts for Fortinet are not yet available.

Fortinet Earnings Estimates

Fortinet Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/6/20260.63USD1.77 BUSD2026 Q1
2/5/20260.76USD1.9 BUSD2025 Q4
5/2/20240.38USD1.41 BUSD2024 Q1
2/5/20240.44USD1.44 BUSD2023 Q4
8/1/20230.32USD1.29 BUSD2023 Q2
5/2/20230.28USD1.2 BUSD2023 Q1
2/1/20230.4USD1.32 BUSD2022 Q4
11/2/20220.28USD1.14 BUSD2022 Q3
8/3/20220.22USD1.04 BUSD2022 Q2
5/4/20220.16USD898.03 MUSD2022 Q1

EESG©

Eulerpool ESG Scorecard© for the Fortinet stock

74/100
83
Environment
87
Social
51
Governance
E

Environment

20
Scope 1 - Direct Emissions1,606.4
Scope 2 - Indirect emissions from purchased energy9,838.8
Scope 3 - Indirect emissions within the value chain1,855,416
Total CO₂ emissions11,445.2
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees20
Percentage of women in management
Percentage of Asian employees37.2
Share of Asian management
Percentage of Hispanic/Latino employees9.4
Hispano/Latino Management share
Percentage of Black employees2.7
Black Management Share
Percentage of white employees48.5
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Fortinet shareholder structure

% Name
9.88496%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
8.93301%
Xie (Michael)
Xie (Michael)
7.87258%
Xie (Kenneth Qing)
Xie (Kenneth Qing)
5.42154%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
3.81679%
State Street Investment Management (US)
State Street Investment Management (US)
2.21253%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
2.07044%
Invesco Capital Management (QQQ Trust)
Invesco Capital Management (QQQ Trust)
2.02998%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.13767%
BlackRock Asset Management Ireland Limited
BlackRock Asset Management Ireland Limited
1.1019%
Walter Scott & Partners Ltd.
Walter Scott & Partners Ltd.
...

Fortinet Executives and Management Board

KX

Mr. Ken Xie

(62)

Chairman of the Board, Chief Executive Officer · since 2000

Compensation13.14 M USD
MX

Mr. Michael Xie

(56)

President, Chief Technology Officer, Director · since 2000

Compensation6.6 M USD
JW

Mr. John Whittle

(57)

Chief Operating Officer

Compensation5.65 M USD
KS

Ms. Koon Lien Sim

(56)

Lead Independent Director

Compensation453,501 USD
KG

Mr. Kenneth Goldman

(75)

Independent Director · since 2007

Compensation441,501 USD

Fortinet Supply Chain

Frequently asked questions about Fortinet

Fortinet Inc is primarily active in the cybersecurity industry.

All fundamentals and in-depth analysis of Fortinet

Our stock analysis for Fortinet Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Fortinet Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.