Company / Operating Margin
Fortinet Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
30.7%
FY2025
5-year range
16.2% / 30.7%
FY2021-FY2025
Trend
+1.3%
vs FY2024
Sector context
#18 of 286
Information Technology
What the data says
Among 286 Information Technology companies, Fortinet is in the top 6% for operating margin. Operating Margin has fluctuated over the past 10 years, ranging from 7.3% in FY2017 to 30.7% in FY2025.
Based on SEC 10-K filings.
30.7% in FY2025 with a 5-year CAGR of +10.2%. Top quartile in the Information Technology sector.
Improved from 19.5% to 30.7% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +10.2pp
- 5-Year Change
- +10.2pp
- 10-Year Change
- -
Sector benchmark
+114.5% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 1.3% year-over-year.
- Currently 241.5pp above the Information Technology sector average.
- Lowest operating margin in the period was in FY2017.
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 MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 30.7% | +1.3% |
| FY2024 | 30.3% | +55.6% |
| FY2023 | 19.5% | -5.1% |
| FY2022 | 20.5% | +26.3% |
| FY2021 | 16.2% | -20.8% |
| FY2020 | 20.5% | +26.3% |
| FY2019 | 16.2% | +24.9% |
| FY2018 | 13.0% | +77.0% |
| FY2017 | 7.3% | -4.7% |
| FY2016 | 7.7% | +423.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026