Company / Gross Margin
Fortinet Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
80.5%
FY2025
5-year range
76.6% / 80.6%
FY2021-FY2025
Trend
-0.1%
vs FY2024
Sector context
#23 of 225
Information Technology
What the data says
Among 225 Information Technology companies, Fortinet is in the top 10% for gross margin. Gross Margin has fluctuated over the past 10 years, ranging from 70.0% in FY2016 to 80.6% in FY2024.
Based on SEC 10-K filings.
80.5% in FY2025 with a 5-year CAGR of +2.4%. Top quartile in the Information Technology sector.
Improved from 76.6% to 80.5% over the past 2 years.
Information Technology sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +2.4pp
- 5-Year Change
- +2.4pp
- 10-Year Change
- -
Sector benchmark
Top 10% in Information TechnologyTop 10% of 225This company 80.5% Sector average 53.6%
▼
+50.1% above sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 0.1% year-over-year.
- Currently 26.8pp above the Information Technology sector average.
- Peak gross margin was recorded in FY2024.
- Lowest gross margin in the period was in FY2016.
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 | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 80.5% | -0.1% |
| FY2024 | 80.6% | +5.2% |
| FY2023 | 76.6% | -1.9% |
| FY2022 | 78.0% | +1.9% |
| FY2021 | 76.6% | -1.8% |
| FY2020 | 78.0% | +1.9% |
| FY2019 | 76.6% | +2.1% |
| FY2018 | 75.0% | +1.1% |
| FY2017 | 74.2% | +6.0% |
| FY2016 | 70.0% | -2.2% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026