Company / Free Cash Flow
Fortinet Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$2.2B
FY2025
5-year range
$715.8M / $2.2B
FY2021-FY2025
Trend
+18.4%
vs FY2024
Sector context
#26 of 294
Information Technology
What the data says
Among 294 Information Technology companies, Fortinet is in the top 9% for free cash flow. Free Cash Flow has increased for 4 consecutive years, from $716M in FY2021 to $2.2B in FY2025.
Based on SEC 10-K filings.
$2.2B in FY2025 with a 5-year CAGR of +18.4%. Top quartile in the Information Technology sector.
Improved from $1.2B to $2.2B over the past 2 years.
Information Technology sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +32.5%
- 5-Year CAGR
- +18.4%
- 10-Year CAGR
- -
Sector benchmark
+58.7% above sector average
Key checks
Key Insights
- Fortinet's free cash flow has grown for 4 consecutive years.
- 5-year CAGR of +18.4%, indicating consistent growth.
- In FY2025, free cash flow increased 18.4% year-over-year.
- Ranks #26 out of 294 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 | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.2B | +18.4% |
| FY2024 | $1.9B | +56.1% |
| FY2023 | $1.2B | +25.7% |
| FY2022 | $957.8M | +33.8% |
| FY2021 | $715.8M | -25.3% |
| FY2020 | $957.8M | +33.8% |
| FY2019 | $715.8M | +22.2% |
| FY2018 | $585.9M | +27.6% |
| FY2017 | $459.1M | +179.3% |
| FY2016 | $164.4M | -33.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026