Fortinet Historical Income Statement

FTNT Stock  USD 67.27  0.18  0.27%   
Historical analysis of Fortinet income statement accounts such as Selling General Administrative of 221.9 M or Selling And Marketing Expenses of 2.1 B can show how well Fortinet performed in making a profits. Evaluating Fortinet income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Fortinet's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Fortinet latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Fortinet is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.

About Fortinet Income Statement Analysis

Fortinet Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Fortinet shareholders. The income statement also shows Fortinet investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Fortinet Income Statement Chart

Fortinet Income Statement is one of the three primary financial statements used for reporting Fortinet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Fortinet revenue and expense. Fortinet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Fortinet's Research Development is comparatively stable compared to the past year. EBITDA is likely to gain to about 1.3 B in 2024, whereas Non Recurring is likely to drop slightly above 290.7 K in 2024.

Total Revenue

Total revenue comprises all receipts Fortinet generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Fortinet minus its cost of goods sold. It is profit before Fortinet operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most accounts from Fortinet's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Fortinet current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.At this time, Fortinet's Research Development is comparatively stable compared to the past year. EBITDA is likely to gain to about 1.3 B in 2024, whereas Non Recurring is likely to drop slightly above 290.7 K in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense14.9M18M21M13.6M
Depreciation And Amortization77.3M108.2M379.7M398.7M

Fortinet income statement Correlations

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0.740.090.570.570.60.60.580.630.630.580.60.590.580.650.80.580.57-0.53-0.290.770.710.680.520.37
0.880.390.940.960.980.980.960.990.990.960.990.970.960.990.721.00.57-0.8-0.690.210.830.690.910.86
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0.870.30.650.640.650.660.640.670.670.640.640.640.640.710.970.690.680.69-0.4-0.440.220.970.450.49
0.740.280.860.890.910.910.890.920.920.890.930.910.890.910.510.910.520.91-0.87-0.60.310.630.450.78
0.60.720.850.870.860.870.860.850.850.870.860.840.870.840.50.860.370.86-0.48-0.820.250.620.490.78
Click cells to compare fundamentals

Fortinet Account Relationship Matchups

Fortinet income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization61.6M28.6M77.3M108.2M379.7M398.7M
Interest Expense35M50.1M14.9M18M21M13.6M
Selling General Administrative102.1M119.5M143.5M169M211.3M221.9M
Selling And Marketing Expenses926.9M1.1B1.3B1.7B2.0B2.1B
Total Revenue2.2B2.6B3.3B4.4B5.3B5.6B
Gross Profit1.7B2.0B2.6B3.3B4.1B4.3B
Other Operating Expenses1.8B2.1B2.7B3.5B4.1B4.3B
Operating Income344.2M531.8M650.4M969.6M1.2B1.3B
Ebit344.2M531.8M650.4M969.6M1.2B1.3B
Research Development277.1M341.4M424.2M512.4M613.8M644.5M
Ebitda405.8M560.4M727.7M1.1B1.2B1.3B
Cost Of Revenue505.9M570M783M1.1B1.2B1.3B
Total Operating Expenses1.3B1.5B1.9B2.4B2.8B3.0B
Income Before Tax379.2M541.7M628.4M955.5M1.3B1.4B
Total Other Income Expense Net35M9.9M(22M)(14.1M)92.6M97.2M
Net Income326.5M488.5M606.8M857.3M1.1B1.2B
Income Tax Expense52.7M53.2M14.1M30.8M143.8M151.0M
Net Income Applicable To Common Shares326.5M488.5M606.8M857.3M985.9M1.0B
Net Income From Continuing Ops326.5M488.5M606.7M856.6M1.2B1.2B
Non Operating Income Net Other35M9.9M(14.7M)(64.2M)(57.8M)(54.9M)
Tax Provision52.7M53.2M14.1M30.8M57.8M29.3M
Interest Income42.5M17.7M4.5M17.4M98.3M103.2M
Net Interest Income42.5M17.7M(10.4M)(600K)78.2M82.1M
Reconciled Depreciation61.6M68.8M84.4M104.3M110.5M85.0M

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When determining whether Fortinet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fortinet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fortinet Stock. Highlighted below are key reports to facilitate an investment decision about Fortinet Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.035
Earnings Share
1.46
Revenue Per Share
6.813
Quarterly Revenue Growth
0.103
Return On Assets
0.1146
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.