Company / Operating Income
Fortinet Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$2.1B
FY2025
5-year range
$351.0M / $2.1B
FY2021-FY2025
Trend
+15.6%
vs FY2024
Sector context
#26 of 301
Information Technology
What the data says
Among 301 Information Technology companies, Fortinet is in the top 9% for operating income. Operating Income has increased for 4 consecutive years, from $351M in FY2021 to $2.1B in FY2025.
Based on SEC 10-K filings.
$2.1B in FY2025 with a 5-year CAGR of +31.4%. Top quartile in the Information Technology sector.
Improved from $650M to $2.1B over the past 2 years.
Information Technology sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +57.7%
- 5-Year CAGR
- +31.4%
- 10-Year CAGR
- -
Sector benchmark
+39.4% above sector average
Key checks
Key Insights
- Fortinet's operating income has grown for 4 consecutive years.
- 5-year CAGR of +31.4%, indicating consistent growth.
- In FY2025, operating income increased 15.6% year-over-year.
- Ranks #26 out of 301 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 IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.1B | +15.6% |
| FY2024 | $1.8B | +177.3% |
| FY2023 | $650.4M | +22.3% |
| FY2022 | $531.8M | +51.5% |
| FY2021 | $351.0M | -34.0% |
| FY2020 | $531.8M | +51.5% |
| FY2019 | $351.0M | +49.7% |
| FY2018 | $234.4M | +113.5% |
| FY2017 | $109.8M | +85.1% |
| FY2016 | $59.3M | +298.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026