Company / Operating Cash Flow
Fortinet Operating Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Cash Flow
$2.6B
FY2025
5-year range
$808.0M / $2.6B
FY2021-FY2025
Trend
+14.7%
vs FY2024
Sector context
#32 of 308
Information Technology
What the data says
Among 308 Information Technology companies, Fortinet is in the top 10% for operating cash flow. Operating Cash Flow has increased for 4 consecutive years, from $808M in FY2021 to $2.6B in FY2025.
Based on SEC 10-K filings.
$2.6B in FY2025 with a 5-year CAGR of +19.0%. Top quartile in the Information Technology sector.
Improved from $1.5B to $2.6B over the past 2 years.
Information Technology sector context is included.
Operating Cash Flow over time
Growth rates
- 3-Year CAGR
- +33.7%
- 5-Year CAGR
- +19.0%
- 10-Year CAGR
- -
Sector benchmark
+35.0% above sector average
Key checks
Key Insights
- Fortinet's operating cash flow has grown for 4 consecutive years.
- 5-year CAGR of +19.0%, indicating consistent growth.
- In FY2025, operating cash flow increased 14.7% year-over-year.
- Ranks #32 out of 308 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 | Operating Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.6B | +14.7% |
| FY2024 | $2.3B | +50.6% |
| FY2023 | $1.5B | +38.4% |
| FY2022 | $1.1B | +34.1% |
| FY2021 | $808.0M | -25.4% |
| FY2020 | $1.1B | +34.1% |
| FY2019 | $808.0M | +26.5% |
| FY2018 | $638.9M | +7.5% |
| FY2017 | $594.4M | +202.4% |
| FY2016 | $196.6M | -30.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026