Fortinet, Inc. financial data

Symbol
FTNT on Nasdaq
Industry
Computer Peripheral Equipment, NEC
Location
909 Kifer Road, Sunnyvale, CA
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2024 - Nov 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 126 % -4.18%
Quick Ratio 11 % +4.97%
Debt-to-equity 5.25K % -76.5%
Return On Equity 1.03K % -72.1%
Return On Assets 19.2 % +17%
Operating Margin 28.3 % +20.5%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 766M shares -0.19%
Common Stock, Shares, Outstanding 766M shares -1.37%
Common Stock, Value, Issued 800K USD 0%
Weighted Average Number of Shares Outstanding, Basic 765M shares -2.07%
Weighted Average Number of Shares Outstanding, Diluted 772M shares -2.44%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 5.71B USD +10.4%
Research and Development Expense 678M USD +14.9%
Selling and Marketing Expense 2.03B USD +3.64%
General and Administrative Expense 238M USD +18.6%
Operating Income (Loss) 1.61B USD +33.1%
Income Tax Expense (Benefit) 292M USD +406%
Net Income (Loss) Attributable to Parent 1.53B USD +33%
Earnings Per Share, Basic 2 USD/shares +36.1%
Earnings Per Share, Diluted 1.99 USD/shares +38.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.49B USD +13.8%
Accounts Receivable, after Allowance for Credit Loss, Current 1.04B USD +2.99%
Inventory, Net 354M USD -24.2%
Assets, Current 5.22B USD +9.85%
Deferred Income Tax Assets, Net 1.3B USD +64.9%
Property, Plant and Equipment, Net 1.27B USD +22.7%
Operating Lease, Right-of-Use Asset 76M USD -21.1%
Intangible Assets, Net (Excluding Goodwill) 112M USD +182%
Goodwill 213M USD +69.7%
Other Assets, Noncurrent 134M USD -18.3%
Assets 8.85B USD +18.4%
Accounts Payable, Current 178M USD -29.9%
Employee-related Liabilities, Current 248M USD +17.9%
Accrued Liabilities, Current 377M USD +18.7%
Contract with Customer, Liability, Current 3.08B USD +16.4%
Liabilities, Current 3.88B USD +6.44%
Contract with Customer, Liability, Noncurrent 2.93B USD +11.1%
Operating Lease, Liability, Noncurrent 45.7M USD -26.9%
Other Liabilities, Noncurrent 136M USD +110%
Liabilities 7.94B USD +7.28%
Accumulated Other Comprehensive Income (Loss), Net of Tax -18M USD +25.9%
Retained Earnings (Accumulated Deficit) -643M USD +50.5%
Stockholders' Equity Attributable to Parent 908M USD +1126%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 908M USD +1126%
Liabilities and Equity 8.85B USD +18.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 830M USD +22.6%
Net Cash Provided by (Used in) Financing Activities -30.3M USD -121%
Net Cash Provided by (Used in) Investing Activities -270M USD -538%
Common Stock, Shares Authorized 1.5B shares 0%
Common Stock, Shares, Issued 766M shares -1.37%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 528M USD -15%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.49B USD +13.8%
Deferred Tax Assets, Valuation Allowance 33.2M USD -67.1%
Deferred Tax Assets, Gross 1.06B USD +30.5%
Operating Lease, Liability 83.1M USD -7.15%
Depreciation 101M USD +10.6%
Payments to Acquire Property, Plant, and Equipment 222M USD +632%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.54B USD +33.4%
Lessee, Operating Lease, Liability, to be Paid 86.4M USD -17.2%
Property, Plant and Equipment, Gross 1.69B USD +23.1%
Operating Lease, Liability, Current 33.4M USD +0.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 20.4M USD -36.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 33M USD +9.64%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure +28.6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 7.3M USD -15.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 11.5M USD -27.7%
Deferred Tax Assets, Operating Loss Carryforwards 19.2M USD -9.43%
Unrecognized Tax Benefits 72.3M USD +9.88%
Lessee, Operating Lease, Liability, to be Paid, Year Four 8M USD +6.67%
Amortization of Intangible Assets 16.9M USD -12.4%
Depreciation, Depletion and Amortization 28.6M USD +4%
Deferred Tax Assets, Net of Valuation Allowance 1.02B USD +44.4%
Share-based Payment Arrangement, Expense 258M USD +6.09%
Interest Expense 20.9M USD +8.85%