Fortinet, Inc. Annual Operating Margin in % from 2017 to 2023

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
Fortinet, Inc. quarterly/annual Operating Margin history and growth rate from 2017 to 2023.
  • Fortinet, Inc. Operating Margin for the quarter ending June 30, 2024 was 26.1 %, a 10.9% increase year-over-year.
  • Fortinet, Inc. annual Operating Margin for 2023 was 23.4 %, a 6.61% increase from 2022.
  • Fortinet, Inc. annual Operating Margin for 2022 was 22 %, a 12.8% increase from 2021.
  • Fortinet, Inc. annual Operating Margin for 2021 was 19.5 %, a 5.07% decline from 2020.
Operating Margin, Annual (%)
Operating Margin, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 23.4 +1.45 +6.61% Jan 1, 2023 Dec 31, 2023
2022 22 +2.49 +12.8% Jan 1, 2022 Dec 31, 2022
2021 19.5 -1.04 -5.07% Jan 1, 2021 Dec 31, 2021
2020 20.5 +4.27 +26.3% Jan 1, 2020 Dec 31, 2020
2019 16.2 +3.24 +24.9% Jan 1, 2019 Dec 31, 2019
2018 13 +5.64 +76.8% Jan 1, 2018 Dec 31, 2018
2017 7.34 Jan 1, 2017 Dec 31, 2017
* An asterisk sign (*) next to the value indicates that the value is likely invalid.