Company / Capital Expenditures
Fortinet Capital Expenditures History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Capital Expenditures
$364.8M
FY2025
5-year range
$92.2M / $378.9M
FY2021-FY2025
Trend
-3.7%
vs FY2024
Sector context
#32 of 295
Information Technology
What the data says
Fortinet's capital expenditures of $365M is higher than 89% of companies in the Information Technology sector (FY2025). Capital Expenditures has fluctuated over the past 10 years, ranging from $32M in FY2016 to $379M in FY2024.
Based on SEC 10-K filings.
$365M in FY2025 with a 5-year CAGR of +23.7%. Top quartile in the Information Technology sector.
Improved from $296M to $365M over the past 2 years.
Information Technology sector context is included.
Capital Expenditures over time
Growth rates
- 3-Year CAGR
- +42.6%
- 5-Year CAGR
- +23.7%
- 10-Year CAGR
- -
Sector benchmark
-34.6% below sector average
Key checks
Key Insights
- 5-year CAGR of +23.7%, indicating consistent growth.
- In FY2025, capital expenditures decreased 3.7% year-over-year.
- Ranks #32 out of 295 companies in the Information Technology sector.
- Peak capital expenditures was recorded in FY2024.
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 | Capital ExpendituresValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $364.8M | -3.7% |
| FY2024 | $378.9M | +28.1% |
| FY2023 | $295.9M | +135.0% |
| FY2022 | $125.9M | +36.6% |
| FY2021 | $92.2M | -26.8% |
| FY2020 | $125.9M | +36.6% |
| FY2019 | $92.2M | +74.0% |
| FY2018 | $53.0M | -60.8% |
| FY2017 | $135.3M | +320.2% |
| FY2016 | $32.2M | -13.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026