FTNT
Income statement / Annual
Last year (2023), Fortinet, Inc.'s total revenue was $5.30 B,
an increase of 20.09% from the previous year.
In 2023, Fortinet, Inc.'s net income was $1.15 B.
See Fortinet, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$5.30 B
|
$4.42 B
|
$3.34 B
|
$2.59 B
|
$2.16 B
|
$1.80 B
|
$1.49 B
|
$1.28 B
|
$1.01 B
|
$770.36 M
|
| Cost of Revenue |
$1.24 B |
$1.08 B |
$783.00 M |
$570.00 M |
$505.90 M |
$450.40 M |
$385.28 M |
$337.84 M |
$286.78 M |
$231.01 M |
| Gross Profit |
$4.07 B |
$3.33 B |
$2.56 B |
$2.02 B |
$1.65 B |
$1.35 B |
$1.11 B |
$937.61 M |
$722.49 M |
$539.36 M |
| Gross Profit Ratio |
0.77 |
0.75 |
0.77 |
0.78 |
0.77 |
0.75 |
0.74 |
0.74 |
0.72 |
0.7 |
| Research and Development
Expenses |
$613.80 M
|
$512.40 M
|
$424.20 M
|
$341.40 M
|
$277.10 M
|
$244.50 M
|
$210.61 M
|
$183.08 M
|
$158.13 M
|
$122.88 M
|
| General & Administrative
Expenses |
$211.30 M
|
$169.00 M
|
$143.50 M
|
$119.50 M
|
$102.10 M
|
$93.00 M
|
$87.86 M
|
$81.08 M
|
$71.51 M
|
$41.35 M
|
| Selling & Marketing
Expenses |
$2.01 B
|
$1.69 B
|
$1.35 B
|
$1.07 B
|
$926.90 M
|
$782.30 M
|
$701.03 M
|
$626.50 M
|
$470.37 M
|
$315.80 M
|
| Selling, General &
Administrative Expenses |
$2.22 B
|
$1.86 B
|
$1.49 B
|
$1.19 B
|
$1.03 B
|
$875.30 M
|
$788.89 M
|
$707.58 M
|
$541.89 M
|
$357.15 M
|
| Other Expenses |
-$4.60 M |
-$8.90 M |
-$7.00 M |
$32.40 M |
-$7.50 M |
-$6.60 M |
$708,000.00 |
-$7.10 M |
-$3.17 M |
-$3.17 M |
| Operating Expenses |
$2.83 B |
$2.37 B |
$1.91 B |
$1.53 B |
$1.31 B |
$1.12 B |
$999.50 M |
$890.67 M |
$700.01 M |
$480.03 M |
| Cost And Expenses |
$4.06 B |
$3.45 B |
$2.70 B |
$2.10 B |
$1.81 B |
$1.57 B |
$1.38 B |
$1.23 B |
$986.79 M |
$711.04 M |
| Interest Income |
$119.70 M |
$17.40 M |
$4.50 M |
$17.70 M |
$42.50 M |
$26.50 M |
$13.48 M |
$7.30 M |
$5.30 M |
$5.39 M |
| Interest Expense |
$21.00 M |
$18.00 M |
$14.90 M |
$0.00 |
$0.00 |
$26.50 M |
$13.48 M |
$7.30 M |
$5.30 M |
$5.39 M |
| Depreciation &
Amortization |
$113.40 M
|
$104.30 M
|
$84.40 M
|
$68.80 M
|
$61.60 M
|
$55.70 M
|
$55.48 M
|
$48.52 M
|
$31.59 M
|
$22.03 M
|
| EBITDA |
$1.47 B
|
$1.08 B
|
$727.70 M
|
$560.40 M
|
$412.60 M
|
$286.70 M
|
$179.47 M
|
$91.67 M
|
$55.77 M
|
$81.35 M
|
| EBITDA Ratio |
0.28 |
0.24 |
0.22 |
0.22 |
0.19 |
0.16 |
0.11 |
0.08 |
0.06 |
0.11 |
| Operating Income Ratio
|
0.23
|
0.22
|
0.19
|
0.2
|
0.16
|
0.13
|
0.07
|
0.03
|
0.01
|
0.08
|
| Total Other
Income/Expenses Net |
$92.60 M
|
-$14.10 M
|
-$22.00 M
|
$9.90 M
|
$35.00 M
|
$19.90 M
|
$14.19 M
|
$248,000.00
|
$2.13 M
|
$2.23 M
|
| Income Before Tax |
$1.33 B |
$955.50 M |
$628.40 M |
$541.70 M |
$379.20 M |
$250.90 M |
$123.99 M |
$43.15 M |
$17.01 M |
$61.55 M |
| Income Before Tax Ratio
|
0.25
|
0.22
|
0.19
|
0.21
|
0.18
|
0.14
|
0.08
|
0.03
|
0.02
|
0.08
|
| Income Tax Expense |
$143.80 M |
$30.80 M |
$14.10 M |
$53.20 M |
$52.70 M |
-$81.30 M |
$92.60 M |
$10.96 M |
$9.02 M |
$36.21 M |
| Net Income |
$1.15 B |
$857.30 M |
$606.80 M |
$488.50 M |
$326.50 M |
$332.20 M |
$31.40 M |
$32.19 M |
$7.99 M |
$25.34 M |
| Net Income Ratio |
0.22 |
0.19 |
0.18 |
0.19 |
0.15 |
0.18 |
0.02 |
0.03 |
0.01 |
0.03 |
| EPS |
1.47 |
1.08 |
0.74 |
0.6 |
0.39 |
0.39 |
0.036 |
0.038 |
0.01 |
0.03 |
| EPS Diluted |
1.46 |
1.06 |
0.73 |
0.58 |
0.38 |
0.38 |
0.036 |
0.036 |
0.01 |
0.03 |
| Weighted Average Shares
Out |
$778.60 M
|
$791.40 M
|
$816.00 M
|
$821.00 M
|
$855.00 M
|
$845.50 M
|
$871.58 M
|
$863.00 M
|
$851.93 M
|
$819.16 M
|
| Weighted Average Shares
Out Diluted |
$788.20 M
|
$805.30 M
|
$835.50 M
|
$838.50 M
|
$875.00 M
|
$871.00 M
|
$890.40 M
|
$881.50 M
|
$880.71 M
|
$846.45 M
|
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