Company / Accounts Receivable
Fortinet Accounts Receivable History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Accounts Receivable
$1.7B
FY2025
5-year range
$807.7M / $1.7B
FY2021-FY2025
Trend
+15.6%
vs FY2024
Sector context
#40 of 288
Information Technology
What the data says
Fortinet's accounts receivable of $1.7B is higher than 86% of companies in the Information Technology sector (FY2025). Accounts Receivable has increased for 9 consecutive years, from $313M in FY2016 to $1.7B in FY2025.
Based on SEC 10-K filings.
$1.7B in FY2025 with a 5-year CAGR of +18.6%. Top quartile in the Information Technology sector.
Improved from $1.4B to $1.7B over the past 2 years.
Information Technology sector context is included.
Accounts Receivable over time
Growth rates
- 3-Year CAGR
- +10.3%
- 5-Year CAGR
- +18.6%
- 10-Year CAGR
- -
Sector benchmark
+15.3% above sector average
Key checks
Key Insights
- Fortinet's accounts receivable has grown for 9 consecutive years.
- 5-year CAGR of +18.6%, indicating consistent growth.
- In FY2025, accounts receivable increased 15.6% year-over-year.
- Ranks #40 out of 288 companies in the Information Technology sector.
Company context
Key Data Points
- Strong profit margin: 28.6%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 254.9%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Accounts ReceivableValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.7B | +15.6% |
| FY2024 | $1.5B | +4.4% |
| FY2023 | $1.4B | +11.1% |
| FY2022 | $1.3B | +56.2% |
| FY2021 | $807.7M | +12.2% |
| FY2020 | $720.0M | +32.3% |
| FY2019 | $544.3M | +22.5% |
| FY2018 | $444.5M | +27.7% |
| FY2017 | $348.2M | +11.2% |
| FY2016 | $313.0M | +20.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026