Fortinet Cash Flow Statement
FTNT / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Fortinet generated $2.6B in operating cash flow and $2.2B in free cash flow in FY2025. Free cash flow margin was 32.7% of revenue.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.9B | $1.7B | $606.8M | $488.5M | $331.7M | $488.5M | $331.7M | $334.9M | $31.4M | $32.2M | $8.0M | $25.3M | $44.3M | $41.2M | $62.5M |
| Depreciation & Amortization | $152.0M | $122.8M | $84.4M | $68.8M | $61.6M | $68.8M | $61.6M | $55.7M | $55.5M | $48.5M | $31.6M | $22.0M | $15.6M | $5.7M | $7.0M |
| Operating Cash Flow | $2.6B | $2.3B | $1.5B | $1.1B | $808.0M | $1.1B | $808.0M | $638.9M | $594.4M | $345.7M | $282.5M | $196.6M | $147.4M | $103.4M | $132.8M |
| Capital Expenditures | $364.8M | $378.9M | $295.9M | $125.9M | $92.2M | $125.9M | $92.2M | $53.0M | $135.3M | $67.2M | $37.4M | $32.2M | $13.9M | $3.8M | $3.6M |
| Free Cash Flow | $2.2B | $1.9B | $1.2B | $957.8M | $715.8M | $957.8M | $715.8M | $585.9M | $459.1M | $278.5M | $245.2M | $164.4M | $133.5M | $99.6M | $129.2M |
| Share Buybacks | $2.3B | $600.0K | $741.8M | $1.1B | $145.1M | $1.1B | $145.1M | $211.8M | $446.3M | $110.8M | $60.0M | $44.0M | $33.5M | - | $0 |
| FCF Margin | 32.7% | 31.6% | 36.0% | 36.9% | 33.1% | 36.9% | 33.1% | 32.5% | 30.7% | 21.8% | 24.3% | 21.3% | 21.7% | 30.7% | 29.8% |