Company / Cost of Revenue
Fortinet Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$1.3B
FY2025
5-year range
$505.9M / $1.3B
FY2021-FY2025
Trend
+14.8%
vs FY2024
Sector context
#85 of 276
Information Technology
What the data says
At $1.3B, Fortinet's cost of revenue ranks #192 of 276 in the Information Technology sector. Cost of Revenue has increased for 4 consecutive years, from $506M in FY2021 to $1.3B in FY2025.
Based on SEC 10-K filings.
$1.3B in FY2025 with a 5-year CAGR of +18.4%.
Increased from $783M to $1.3B over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +32.6%
- 5-Year CAGR
- +18.4%
- 10-Year CAGR
- -
Sector benchmark
#192 of 276 in Information TechnologyTop 69% of 276This company $1.3B Sector average $4.0B
▼
-66.5% below sector average
Key checks
Key Insights
- Fortinet's cost of revenue has grown for 4 consecutive years.
- 5-year CAGR of +18.4%, indicating consistent growth.
- In FY2025, cost of revenue increased 14.8% year-over-year.
- Ranks #85 out of 276 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 | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.3B | +14.8% |
| FY2024 | $1.2B | +47.8% |
| FY2023 | $783.0M | +37.4% |
| FY2022 | $570.0M | +12.7% |
| FY2021 | $505.9M | -11.2% |
| FY2020 | $570.0M | +12.7% |
| FY2019 | $505.9M | +12.3% |
| FY2018 | $450.4M | +16.9% |
| FY2017 | $385.3M | +66.8% |
| FY2016 | $231.0M | -19.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026