Fortinet, Inc. (FTNT) Earnings History
Annual and quarterly earnings data from 2007 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 80.8% | 30.6% | 27.3% |
| 2024 | 80.6% | 30.3% | 29.3% |
| 2023 | 76.7% | 23.4% | 21.6% |
| 2022 | 75.4% | 21.9% | 19.4% |
| 2021 | 76.6% | 19.5% | 18.2% |
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Fortinet, Inc. (FTNT) Earnings Overview
As of March 2, 2026, Fortinet, Inc. (FTNT) reported trailing twelve-month net income of $1.85B, reflecting +0.1% year-over-year growth. The company earned $2.48 per diluted share over the past four quarters, with a net profit margin of 0.3%.
Looking at the long-term picture, FTNT's 5-year EPS compound annual growth rate (CAGR) stands at +33.2%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.85B in fiscal 2025, representing a new all-time high.
Fortinet, Inc. maintains positive profitability with a gross margin of 0.8%, operating margin of 0.3%, and net margin of 0.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including PANW ($1.28B net income, 0.1% margin), CRWD (-$314M net income, -0.0% margin), ZS (-$68M net income, -0.0% margin), FTNT has outperformed on profitability metrics. Compare FTNT vs PANW →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
19 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.85B | +6.2% | $2.08B | $2.43 | 27.3% | 30.6% |
| 2024 | $1.75B | +52.0% | $1.80B | $2.26 | 29.3% | 30.3% |
| 2023 | $1.15B | +33.9% | $1.24B | $1.46 | 21.6% | 23.4% |
| 2022 | $857M | +41.3% | $970M | $1.06 | 19.4% | 21.9% |
| 2021 | $607M | +24.2% | $650M | $0.73 | 18.2% | 19.5% |
| 2020 | $489M | +47.3% | $532M | $0.58 | 18.8% | 20.5% |
| 2019 | $332M | -1.0% | $351M | $0.38 | 15.3% | 16.2% |
| 2018 | $335M | +966.6% | $234M | $0.38 | 18.6% | 13.0% |
| 2017 | $31M | -2.5% | $110M | $0.04 | 2.1% | 7.3% |
| 2016 | $32M | +303.2% | $43M | $0.04 | 2.5% | 3.4% |
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Start ComparisonFrequently Asked Questions
Is FTNT growing earnings?
FTNT EPS of $2.48 reflects slowing growth at +0.1%, below the 5-year CAGR of +33.2%. TTM net income is $1.9B. Expansion rate has moderated.
What are FTNT's profit margins?
Fortinet, Inc. net margin is +0.3%, with operating margin at +0.3%. Below-average margins reflect competitive or cost pressures.
How consistent are FTNT's earnings?
FTNT earnings data spans 2007-2025. The current earnings trend is +0.1% YoY. Historical data enables comparison across business cycles.