Fortinet, Inc.
FTNT · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $5,956 | $5,305 | $4,417 | $3,342 |
| % Growth | 12.3% | 20.1% | 32.2% | – |
| Cost of Goods Sold | $1,158 | $1,237 | $1,085 | $783 |
| Gross Profit | $4,798 | $4,068 | $3,333 | $2,559 |
| % Margin | 80.6% | 76.7% | 75.4% | 76.6% |
| R&D Expenses | $717 | $614 | $512 | $424 |
| G&A Expenses | $238 | $211 | $169 | $144 |
| SG&A Expenses | $2,283 | $2,217 | $1,855 | $1,489 |
| Sales & Mktg Exp. | $2,045 | $2,006 | $1,686 | $1,346 |
| Other Operating Expenses | -$5 | -$5 | -$5 | -$5 |
| Operating Expenses | $2,995 | $2,827 | $2,363 | $1,909 |
| Operating Income | $1,803 | $1,241 | $970 | $650 |
| % Margin | 30.3% | 23.4% | 21.9% | 19.5% |
| Other Income/Exp. Net | $226 | $51 | -$82 | -$30 |
| Pre-Tax Income | $2,029 | $1,292 | $887 | $621 |
| Tax Expense | $284 | $144 | $31 | $14 |
| Net Income | $1,745 | $1,148 | $857 | $607 |
| % Margin | 29.3% | 21.6% | 19.4% | 18.2% |
| EPS | 2.28 | 1.47 | 1.08 | 0.74 |
| % Growth | 55.1% | 36.1% | 45.9% | – |
| EPS Diluted | 2.26 | 1.46 | 1.06 | 0.73 |
| Weighted Avg Shares Out | 764 | 779 | 791 | 816 |
| Weighted Avg Shares Out Dil | 772 | 788 | 805 | 836 |
| Supplemental Information | – | – | – | – |
| Interest Income | $155 | $120 | $17 | $5 |
| Interest Expense | $20 | $21 | $18 | $15 |
| Depreciation & Amortization | $123 | $113 | $104 | $84 |
| EBITDA | $2,201 | $1,468 | $1,078 | $728 |
| % Margin | 37% | 27.7% | 24.4% | 21.8% |