Fortinet, Inc.
FTNTNASDAQTechnology● Active
$144.68
$-4.99(-3.33%)
Market Cap$106.0B
P/E Ratio—
52W High$149.05
52W Low$70.12
Fortinet, Inc. (FTNT) · Cash Flow
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · FTNT · as of 2026-06-08
Financial statements
Operating CF · CapEx · Free Cash Flow
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | $1.85B | $1.75B | $1.15B | $0.86B | $0.61B |
| Depreciation & Amort. | $0.34B | $0.12B | $0.11B | $0.10B | $0.08B |
| Stock-Based Comp. | $0.28B | $0.26B | $0.25B | $0.22B | $0.21B |
| Change in Working Capital | ($0.01B) | ($0.02B) | $0.13B | $0.23B | $0.40B |
| Net Cash from Operations | $2.59B | $2.26B | $1.94B | $1.73B | $1.50B |
| Investing Activities | |||||
| Capital Expenditure | ($0.36B) | ($0.38B) | ($0.20B) | ($0.28B) | ($0.30B) |
| Purchases of Investments | ($2.00B) | ($1.97B) | ($1.86B) | ($0.39B) | ($2.35B) |
| Sales of Investments | $1.80B | $1.89B | $1.42B | $1.47B | $1.56B |
| Net Cash from Investing | ($0.60B) | ($0.73B) | ($0.65B) | $0.76B | ($1.33B) |
| Financing Activities | |||||
| Common Stock Repurchased | ($2.29B) | ($0.00B) | ($1.50B) | ($1.99B) | ($0.74B) |
| Dividends Paid | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Debt Issued / Repaid | $0.00B | $0.00B | $0.00B | $0.00B | $0.97B |
| Net Cash from Financing | ($2.37B) | ($0.05B) | ($1.57B) | ($2.13B) | $0.08B |
| Free Cash Flow | |||||
| Free Cash Flow | $2.23B | $1.88B | $1.73B | $1.45B | $1.20B |
| FCF Margin %(computed) | 32.73% | 31.55% | 32.64% | 32.81% | 36.02% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · USD · B
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About Fortinet, Inc. (FTNT) Cash Flow Statement
Fortinet, Inc. generated operating cash flow of $2.59B and free cash flow of $2.23B for 2025 — a FCF margin of 32.73%. Capital expenditure was ($0.36B).
Frequently asked questions
FTNT · 4 questionsFortinet, Inc. generated free cash flow of $2.23B for 2025, up 18.4% year-over-year.
FTNT free cash flowFCF margincash flow yield
· Source: FMP /stable/cash-flow-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08