{ "cik": 1262039, "cik_padded": "0001262039", "entityName": "Fortinet, Inc.", "fiscal_years": [ { "accn": "0001262039-26-000007", "filed": "2026-02-25", "fiscal_year": 2025, "form": "10-K", "fundamental_units": { "buybacks": "USD", "capex": "USD", "cash": "USD", "cost_of_revenue": "USD", "eps_diluted": "USD/shares", "free_cash_flow": "USD", "gross_profit": "USD", "net_income": "USD", "operating_cash_flow": "USD", "operating_income": "USD", "revenue": "USD", "stockholders_equity": "USD", "total_assets": "USD", "total_liabilities": "USD" }, "fundamentals": { "buybacks": 2289800000.0, "capex": 364800000.0, "cash": 2495300000.0, "cost_of_revenue": 1328900000.0, "eps_diluted": 2.42, "free_cash_flow": 2225800000.0, "gross_profit": 5470700000.0, "net_income": 1853400000.0, "operating_cash_flow": 2590600000.0, "operating_income": 2084700000.0, "revenue": 6799600000.0, "stockholders_equity": 1237500000.0, "total_assets": 10389200000.0, "total_liabilities": 9151700000.0 }, "period_end": "2025-12-31", "ratio_units": { "gross_margin": "ratio", "leverage": "ratio", "net_margin": "ratio", "operating_margin": "ratio", "revenue_growth_yoy": "ratio", "roa_avg2y": "ratio", "roa_period_end": "ratio", "roe_avg2y": "ratio", "roe_period_end": "ratio" }, "ratios": { "gross_margin": 0.8045620330607682, "leverage": 7.395313131313132, "net_margin": 0.27257485734454967, "operating_margin": 0.3065915642096594, "revenue_growth_yoy": 0.14167702071929883, "roa_avg2y": 0.1839393022136431, "roa_period_end": 0.1783967966734686, "roe_avg2y": 1.3571559330721634, "roe_period_end": 1.4976969696969697 } }, { "accn": "0001262039-26-000007", "filed": "2026-02-25", "fiscal_year": 2024, "form": "10-K", "fundamental_units": { "buybacks": "USD", "capex": "USD", "cash": "USD", "cost_of_revenue": "USD", "eps_diluted": "USD/shares", "free_cash_flow": "USD", "gross_profit": "USD", "net_income": "USD", "operating_cash_flow": "USD", "operating_income": "USD", "revenue": "USD", "stockholders_equity": "USD", "total_assets": "USD", "total_liabilities": "USD" }, "fundamentals": { "buybacks": 600000.0, "capex": 378900000.0, "cash": 2875900000.0, "cost_of_revenue": 1157600000.0, "eps_diluted": 2.26, "free_cash_flow": 1879200000.0, "gross_profit": 4798200000.0, "net_income": 1745200000.0, "operating_cash_flow": 2258100000.0, "operating_income": 1803400000.0, "revenue": 5955800000.0, "stockholders_equity": 1493800000.0, "total_assets": 9763100000.0, "total_liabilities": 8269300000.0 }, "period_end": "2024-12-31", "ratio_units": { "gross_margin": "ratio", "leverage": "ratio", "net_margin": "ratio", "operating_margin": "ratio", "revenue_growth_yoy": "ratio", "roa_avg2y": "ratio", "roa_period_end": "ratio", "roe_avg2y": "ratio", "roe_period_end": "ratio" }, "ratios": { "gross_margin": 0.8056348433459821, "leverage": 5.535747757397242, "net_margin": 0.2930252862755633, "operating_margin": 0.30279727324624733, "revenue_growth_yoy": 0.12271904690091992, "roa_avg2y": 0.2050522852778757, "roa_period_end": 0.1787546988149256, "roe_avg2y": 3.387422360248447, "roe_period_end": 1.1682956219038694 } }, { "accn": "0001262039-26-000007", "filed": "2026-02-25", "fiscal_year": 2023, "form": "10-K", "fundamental_units": { "buybacks": "USD", "capex": "USD", "cash": "USD", "cost_of_revenue": "USD", "eps_diluted": "USD/shares", "free_cash_flow": "USD", "gross_profit": "USD", "net_income": "USD", "operating_cash_flow": "USD", "operating_income": "USD", "revenue": "USD", "stockholders_equity": "USD", "total_assets": "USD", "total_liabilities": "USD" }, "fundamentals": { "buybacks": 1500500000.0, "capex": 204100000.0, "cash": 1397900000.0, "cost_of_revenue": 1237200000.0, "eps_diluted": 1.46, "free_cash_flow": 1731400000.0, "gross_profit": 4067600000.0, "net_income": 1147800000.0, "operating_cash_flow": 1935500000.0, "operating_income": 1241100000.0, "revenue": 5304800000.0, "stockholders_equity": -463400000.0, "total_assets": 7258900000.0, "total_liabilities": 7722300000.0 }, "period_end": "2023-12-31", "ratio_units": { "gross_margin": "ratio", "net_margin": "ratio", "operating_margin": "ratio", "revenue_growth_yoy": "ratio", "roa_avg2y": "ratio", "roa_period_end": "ratio", "roe_avg2y": "ratio" }, "ratios": { "gross_margin": 0.7667772583320767, "net_margin": 0.21637007992761273, "operating_margin": 0.2339579248982054, "revenue_growth_yoy": 0.2008873998279531, "roa_avg2y": 0.17020961080752434, "roa_period_end": 0.15812313160396202, "roe_avg2y": -3.0813422818791945 } }, { "accn": "0001262039-26-000007", "filed": "2026-02-25", "fiscal_year": 2022, "form": "10-K", "fundamental_units": { "buybacks": "USD", "capex": "USD", "cash": "USD", "cost_of_revenue": "USD", "eps_diluted": "USD/shares", "free_cash_flow": "USD", "gross_profit": "USD", "net_income": "USD", "operating_cash_flow": "USD", "operating_income": "USD", "revenue": "USD", "stockholders_equity": "USD", "total_assets": "USD", "total_liabilities": "USD" }, "fundamentals": { "buybacks": 1991200000.0, "capex": 281200000.0, "cash": 1682900000.0, "cost_of_revenue": 1084900000.0, "eps_diluted": 1.06, "free_cash_flow": 1449400000.0, "gross_profit": 3332500000.0, "net_income": 857300000.0, "operating_cash_flow": 1730600000.0, "operating_income": 969600000.0, "revenue": 4417400000.0, "stockholders_equity": -281600000.0, "total_assets": 6228000000.0, "total_liabilities": 6509600000.0 }, "period_end": "2022-12-31", "ratio_units": { "gross_margin": "ratio", "net_margin": "ratio", "operating_margin": "ratio", "revenue_growth_yoy": "ratio", "roa_avg2y": "ratio", "roa_period_end": "ratio", "roe_avg2y": "ratio" }, "ratios": { "gross_margin": 0.7544030425136958, "net_margin": 0.19407343686331327, "operating_margin": 0.21949563091411237, "revenue_growth_yoy": 0.3217042666507091, "roa_avg2y": 0.14115303241102814, "roa_period_end": 0.13765253692999357, "roe_avg2y": 3.428514297140572 } }, { "accn": "0001262039-24-000014", "filed": "2024-02-26", "fiscal_year": 2021, "form": "10-K", "fundamental_units": { "buybacks": "USD", "capex": "USD", "cash": "USD", "cost_of_revenue": "USD", "eps_diluted": "USD/shares", "free_cash_flow": "USD", "gross_profit": "USD", "net_income": "USD", "operating_cash_flow": "USD", "operating_income": "USD", "revenue": "USD", "stockholders_equity": "USD", "total_assets": "USD", "total_liabilities": "USD" }, "fundamentals": { "buybacks": 741800000.0, "capex": 295900000.0, "cash": 1319100000.0, "cost_of_revenue": 783000000.0, "eps_diluted": 0.73, "free_cash_flow": 1203800000.0, "gross_profit": 2559200000.0, "net_income": 606800000.0, "operating_cash_flow": 1499700000.0, "operating_income": 650400000.0, "revenue": 3342200000.0, "stockholders_equity": 781700000.0, "total_assets": 5919100000.0, "total_liabilities": 5120700000.0 }, "period_end": "2021-12-31", "ratio_units": { "gross_margin": "ratio", "leverage": "ratio", "net_margin": "ratio", "operating_margin": "ratio", "revenue_growth_yoy": "ratio", "roa_avg2y": "ratio", "roa_period_end": "ratio", "roe_avg2y": "ratio", "roe_period_end": "ratio" }, "ratios": { "gross_margin": 0.7657231763509066, "leverage": 6.550722783676602, "net_margin": 0.1815570582251212, "operating_margin": 0.1946023577284423, "revenue_growth_yoy": 0.28823620104841197, "roa_avg2y": 0.12180336424585492, "roa_period_end": 0.10251558513963271, "roe_avg2y": 0.7410392623801673, "roe_period_end": 0.7762568760394014 } }, { "accn": "0001262039-23-000010", "filed": "2023-02-24", "fiscal_year": 2020, "form": "10-K", "fundamental_units": { "buybacks": "USD", "capex": "USD", "cash": "USD", "cost_of_revenue": "USD", "eps_diluted": "USD/shares", "free_cash_flow": "USD", "gross_profit": "USD", "net_income": "USD", "operating_cash_flow": "USD", "operating_income": "USD", "revenue": "USD", "stockholders_equity": "USD", "total_assets": "USD", "total_liabilities": "USD" }, "fundamentals": { "buybacks": 1080100000.0, "capex": 125900000.0, "cash": 1061800000.0, "cost_of_revenue": 570000000.0, "eps_diluted": 0.58, "free_cash_flow": 957800000.0, "gross_profit": 2024400000.0, "net_income": 488500000.0, "operating_cash_flow": 1083700000.0, "operating_income": 531800000.0, "revenue": 2594400000.0, "stockholders_equity": 856000000.0, "total_assets": 4044500000.0, "total_liabilities": 3188500000.0 }, "period_end": "2020-12-31", "ratio_units": { "gross_margin": "ratio", "leverage": "ratio", "net_margin": "ratio", "operating_margin": "ratio", "revenue_growth_yoy": "ratio", "roa_avg2y": "ratio", "roa_period_end": "ratio", "roe_avg2y": "ratio", "roe_period_end": "ratio" }, "ratios": { "gross_margin": 0.7802960222016652, "leverage": 3.7248831775700935, "net_margin": 0.18829016342892385, "operating_margin": 0.2049799568300956, "revenue_growth_yoy": 0.19944521497919557, "roa_avg2y": 0.12330098312656966, "roa_period_end": 0.12078130794906664, "roe_avg2y": 0.44441411935953423, "roe_period_end": 0.570677570093458 } }, { "accn": "0001262039-22-000008", "filed": "2022-02-25", "fiscal_year": 2019, "form": "10-K", "fundamental_units": { "buybacks": "USD", "capex": "USD", "cash": "USD", "cost_of_revenue": "USD", "eps_diluted": "USD/shares", "free_cash_flow": "USD", "gross_profit": "USD", "net_income": "USD", "operating_cash_flow": "USD", "operating_income": "USD", "revenue": "USD", "stockholders_equity": "USD", "total_assets": "USD", "total_liabilities": "USD" }, "fundamentals": { "buybacks": 145100000.0, "capex": 92200000.0, "cash": 1222500000.0, "cost_of_revenue": 505900000.0, "eps_diluted": 1.9, "free_cash_flow": 715800000.0, "gross_profit": 1657100000.0, "net_income": 331700000.0, "operating_cash_flow": 808000000.0, "operating_income": 351000000.0, "revenue": 2163000000.0, "stockholders_equity": 1342400000.0, "total_assets": 3879200000.0, "total_liabilities": 2536800000.0 }, "period_end": "2019-12-31", "ratio_units": { "gross_margin": "ratio", "leverage": "ratio", "net_margin": "ratio", "operating_margin": "ratio", "revenue_growth_yoy": "ratio", "roa_avg2y": "ratio", "roa_period_end": "ratio", "roe_avg2y": "ratio", "roe_period_end": "ratio" }, "ratios": { "gross_margin": 0.7661118816458622, "leverage": 1.8897497020262217, "net_margin": 0.15335182616736015, "operating_margin": 0.1622746185852982, "revenue_growth_yoy": 0.19860356865787432, "roa_avg2y": 0.09535445294083827, "roa_period_end": 0.08550732109713342, "roe_avg2y": 0.28016385827104184, "roe_period_end": 0.2470947556615018 } }, { "accn": "0001262039-21-000008", "filed": "2021-02-19", "fiscal_year": 2018, "form": "10-K", "fundamental_units": { "buybacks": "USD", "capex": "USD", "cash": "USD", "cost_of_revenue": "USD", "eps_diluted": "USD/shares", "free_cash_flow": "USD", "gross_profit": "USD", "net_income": "USD", "operating_cash_flow": "USD", "operating_income": "USD", "revenue": "USD", "stockholders_equity": "USD", "total_assets": "USD", "total_liabilities": "USD" }, "fundamentals": { "buybacks": 211800000.0, "capex": 53000000.0, "cash": 1112400000.0, "cost_of_revenue": 450400000.0, "eps_diluted": 1.92, "free_cash_flow": 585900000.0, "gross_profit": 1354200000.0, "net_income": 334900000.0, "operating_cash_flow": 638900000.0, "operating_income": 234400000.0, "revenue": 1804600000.0, "stockholders_equity": 1025500000.0, "total_assets": 3078000000.0, "total_liabilities": 2067800000.0 }, "period_end": "2018-12-31", "ratio_units": { "gross_margin": "ratio", "leverage": "ratio", "net_margin": "ratio", "operating_margin": "ratio", "revenue_growth_yoy": "ratio", "roa_avg2y": "ratio", "roa_period_end": "ratio", "roe_avg2y": "ratio", "roe_period_end": "ratio" }, "ratios": { "gross_margin": 0.7504156045661088, "leverage": 2.016382252559727, "net_margin": 0.1855812922531309, "operating_margin": 0.12989028039454728, "revenue_growth_yoy": 0.20717104823065088, "roa_avg2y": 0.1255270900878952, "roa_period_end": 0.10880441845354126, "roe_avg2y": 0.41155145929339476, "roe_period_end": 0.3265724037055095 } }, { "accn": "0001262039-21-000008", "filed": "2021-02-19", "fiscal_year": 2017, "form": "10-K", "fundamental_units": { "buybacks": "USD", "capex": "USD", "cash": "USD", "cost_of_revenue": "USD", "eps_diluted": "USD/shares", "free_cash_flow": "USD", "gross_profit": "USD", "net_income": "USD", "operating_cash_flow": "USD", "operating_income": "USD", "revenue": "USD", "stockholders_equity": "USD", "total_assets": "USD", "total_liabilities": "USD" }, "fundamentals": { "buybacks": 446300000.0, "capex": 135300000.0, "cash": 811000000.0, "cost_of_revenue": 385300000.0, "eps_diluted": 0.18, "free_cash_flow": 459100000.0, "gross_profit": 1109600000.0, "net_income": 31400000.0, "operating_cash_flow": 594400000.0, "operating_income": 109800000.0, "revenue": 1494900000.0, "stockholders_equity": 602000000.0, "total_assets": 2257900000.0, "total_liabilities": 1668500000.0 }, "period_end": "2017-12-31", "ratio_units": { "gross_margin": "ratio", "leverage": "ratio", "net_margin": "ratio", "operating_margin": "ratio", "roa_avg2y": "ratio", "roa_period_end": "ratio", "roe_avg2y": "ratio", "roe_period_end": "ratio" }, "ratios": { "gross_margin": 0.7422570071576694, "leverage": 2.771594684385382, "net_margin": 0.021004749481570675, "operating_margin": 0.07344972907886815, "roa_avg2y": 0.014279734078608117, "roa_period_end": 0.013906727490145711, "roe_avg2y": 0.04362019865249705, "roe_period_end": 0.052159468438538206 } }, { "accn": "0001262039-20-000011", "filed": "2020-02-26", "fiscal_year": 2016, "form": "10-K", "fundamental_units": { "buybacks": "USD", "capex": "USD", "cash": "USD", "eps_diluted": "USD/shares", "free_cash_flow": "USD", "gross_profit": "USD", "net_income": "USD", "operating_cash_flow": "USD", "operating_income": "USD", "stockholders_equity": "USD", "total_assets": "USD", "total_liabilities": "USD" }, "fundamentals": { "buybacks": 110800000.0, "capex": 67200000.0, "cash": 709000000.0, "eps_diluted": 0.18, "free_cash_flow": 278500000.0, "gross_profit": 937600000.0, "net_income": 32200000.0, "operating_cash_flow": 345700000.0, "operating_income": 42900000.0, "stockholders_equity": 837700000.0, "total_assets": 2139941000.0, "total_liabilities": 1302260000.0 }, "period_end": "2016-12-31", "ratio_units": { "leverage": "ratio", "roa_period_end": "ratio", "roe_period_end": "ratio" }, "ratios": { "leverage": 1.5545660737734273, "roa_period_end": 0.015047143823124096, "roe_period_end": 0.03843858183120449 } } ], "latest_filing": { "accn": "0001262039-26-000007", "filed": "2026-02-25", "form": "10-K" }, "note": "Static grepcent export of verified SEC companyfacts-derived values. Monetary values are raw reported units from grepcent's resolved facts; no scaling and no FX conversion. Capex, dividends, and buybacks are reported as positive outflow magnitudes. ROE/ROA include both period-end basis (site-consistent) and average-of-two-years basis where the prior-year denominator exists.", "schema_version": "1", "sic": "3577", "sic_description": "Computer Peripheral Equipment, NEC", "source_urls": { "sec_companyfacts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001262039.json", "sec_submissions": "https://data.sec.gov/submissions/CIK0001262039.json" }, "ticker": "FTNT" }