Income Statement (TTM)
Fortinet, Inc. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.
All numbers are times 1,000,000 except per share units.
|
2020 09-30 |
2020 12-31 |
2021 03-31 |
2021 06-30 |
2021 09-30 |
2021 12-31 |
2022 03-31 |
2022 06-30 |
2022 09-30 |
2022 12-31 |
2023 03-31 |
2023 06-30 |
2023 09-30 |
2023 12-31 |
2024 03-31 |
2024 06-30 |
2024 09-30 |
2024 12-31 |
2025 03-31 |
2025 06-30 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,464 | 2,594 | 2,727 | 2,910 | 3,127 | 3,342 | 3,587 | 3,816 | 4,098 | 4,417 | 4,725 | 4,988 | 5,173 | 5,305 | 5,396 | 5,537 | 5,711 | 5,956 | 6,142 | 6,338 |
| Change (%) | 5.27 | 5.11 | 6.73 | 7.42 | 6.90 | 7.32 | 6.38 | 7.40 | 7.79 | 6.96 | 5.56 | 3.71 | 2.55 | 1.72 | 2.62 | 3.13 | 4.29 | 3.13 | 3.19 | |
| % of Revenue | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Cost Of Sales | 544 | 570 | 598 | 650 | 722 | 783 | 880 | 944 | 1,016 | 1,085 | 1,139 | 1,184 | 1,219 | 1,237 | 1,234 | 1,213 | 1,159 | 1,158 | 1,146 | 1,186 |
| Change (%) | 4.88 | 4.89 | 8.66 | 11.08 | 8.49 | 12.41 | 7.26 | 7.61 | 6.79 | 4.98 | 3.95 | 2.93 | 1.53 | -0.25 | -1.69 | -4.48 | -0.12 | -1.00 | 3.48 | |
| % of Revenue | 22.05 | 21.97 | 21.93 | 22.32 | 23.08 | 23.43 | 24.54 | 24.74 | 24.79 | 24.56 | 24.10 | 23.74 | 23.56 | 23.32 | 22.87 | 21.91 | 20.29 | 19.44 | 18.66 | 18.71 |
| Gross Operating Profit | 1,921 | 2,024 | 2,129 | 2,261 | 2,405 | 2,559 | 2,706 | 2,872 | 3,082 | 3,332 | 3,586 | 3,804 | 3,954 | 4,068 | 4,162 | 4,324 | 4,552 | 4,798 | 4,996 | 5,152 |
| Change (%) | 5.38 | 5.17 | 6.19 | 6.37 | 6.42 | 5.76 | 6.10 | 7.33 | 8.12 | 7.61 | 6.07 | 3.95 | 2.87 | 2.31 | 3.90 | 5.27 | 5.41 | 4.13 | 3.12 | |
| % of Revenue | 77.95 | 78.03 | 78.07 | 77.68 | 76.92 | 76.57 | 75.46 | 75.26 | 75.21 | 75.44 | 75.90 | 76.26 | 76.44 | 76.68 | 77.13 | 78.09 | 79.71 | 80.56 | 81.34 | 81.29 |
| SG&A | 1,152 | 1,191 | 1,239 | 1,317 | 1,404 | 1,489 | 1,579 | 1,679 | 1,764 | 1,855 | 1,960 | 2,065 | 2,155 | 2,217 | 2,242 | 2,234 | 2,264 | 2,283 | 2,328 | 2,419 |
| Change (%) | 3.43 | 3.96 | 6.35 | 6.59 | 6.07 | 6.06 | 6.31 | 5.06 | 5.17 | 5.65 | 5.35 | 4.36 | 2.89 | 1.10 | -0.35 | 1.33 | 0.84 | 1.97 | 3.91 | |
| % of Revenue | 46.74 | 45.92 | 45.42 | 45.26 | 44.91 | 44.56 | 44.03 | 44.00 | 43.04 | 42.00 | 41.48 | 41.40 | 41.66 | 41.80 | 41.55 | 40.34 | 39.64 | 38.33 | 37.90 | 38.16 |
| R&D | 324 | 341 | 358 | 383 | 401 | 424 | 452 | 470 | 496 | 512 | 539 | 568 | 590 | 614 | 636 | 648 | 678 | 717 | 742 | 786 |
| Change (%) | 5.50 | 4.95 | 6.84 | 4.65 | 5.89 | 6.53 | 3.92 | 5.64 | 3.29 | 5.11 | 5.38 | 3.98 | 4.00 | 3.57 | 1.90 | 4.69 | 5.69 | 3.57 | 5.94 | |
| % of Revenue | 13.13 | 13.16 | 13.14 | 13.15 | 12.81 | 12.69 | 12.60 | 12.31 | 12.11 | 11.60 | 11.40 | 11.38 | 11.41 | 11.57 | 11.78 | 11.70 | 11.88 | 12.04 | 12.09 | 12.41 |
| OpEx | 2,019 | 2,103 | 2,195 | 2,350 | 2,526 | 2,696 | 2,912 | 3,093 | 3,276 | 3,452 | 3,638 | 3,816 | 3,964 | 4,068 | 4,112 | 4,095 | 4,101 | 4,157 | 4,216 | 4,391 |
| Change (%) | 4.15 | 4.38 | 7.06 | 7.52 | 6.73 | 7.98 | 6.22 | 5.92 | 5.39 | 5.36 | 4.92 | 3.86 | 2.64 | 1.06 | -0.40 | 0.14 | 1.37 | 1.42 | 4.15 | |
| % of Revenue | 81.92 | 81.05 | 80.48 | 80.73 | 80.80 | 80.68 | 81.17 | 81.05 | 79.94 | 78.15 | 76.99 | 76.52 | 76.63 | 76.69 | 76.20 | 73.95 | 71.81 | 69.80 | 68.64 | 69.28 |
| Operating Income | 446 | 492 | 532 | 561 | 600 | 646 | 675 | 723 | 822 | 965 | 1,087 | 1,171 | 1,209 | 1,236 | 1,284 | 1,442 | 1,610 | 1,799 | 1,926 | 1,947 |
| Change (%) | 10.35 | 8.26 | 5.37 | 7.04 | 7.58 | 4.55 | 7.08 | 13.71 | 17.38 | 12.68 | 7.71 | 3.22 | 2.28 | 3.87 | 12.31 | 11.63 | 11.72 | 7.08 | 1.07 | |
| % of Revenue | 18.08 | 18.95 | 19.52 | 19.27 | 19.20 | 19.32 | 18.83 | 18.95 | 20.06 | 21.85 | 23.01 | 23.48 | 23.37 | 23.31 | 23.80 | 26.05 | 28.19 | 30.20 | 31.36 | 30.72 |
| Interest Expense | -1 | -6 | -10 | -15 | -18 | -18 | -18 | -18 | -18 | -19 | -20 | -21 | -21 | -21 | -20 | -20 | -20 | -19 | ||
| Change (%) | 346.15 | 79.31 | 43.27 | 21.48 | -0.00 | -0.55 | -0.00 | 2.78 | 3.78 | 4.69 | 4.48 | 0.48 | -0.95 | -1.91 | -2.44 | -1.00 | -2.02 | |||
| % of Revenue | -0.05 | -0.20 | -0.33 | -0.45 | -0.50 | -0.47 | -0.44 | -0.41 | -0.39 | -0.38 | -0.39 | -0.40 | -0.39 | -0.38 | -0.36 | -0.34 | -0.32 | -0.31 | ||
| Net Income | 460 | 488 | 491 | 515 | 554 | 607 | 638 | 674 | 742 | 857 | 967 | 1,059 | 1,151 | 1,148 | 1,199 | 1,313 | 1,530 | 1,745 | 1,879 | 1,940 |
| Change (%) | 6.20 | 0.53 | 4.83 | 7.71 | 9.43 | 5.14 | 5.64 | 10.16 | 15.46 | 12.75 | 9.60 | 8.62 | -0.25 | 4.50 | 9.46 | 16.53 | 14.07 | 7.68 | 3.21 | |
| % of Revenue | 18.67 | 18.83 | 18.01 | 17.69 | 17.73 | 18.16 | 17.79 | 17.66 | 18.12 | 19.41 | 20.46 | 21.24 | 22.25 | 21.64 | 22.23 | 23.71 | 26.79 | 29.30 | 30.60 | 30.60 |
Source: Capital IQ
