FTNT

Fortinet, Inc.

Ticker: FTNTIndustrialsIndustrial MachineryS&P 500
HQ SUNNYVALE, CACIK 1262039FY end 12-31Book / share $2.09Shares 741M
Revenue (FY)
$6.80B+14.17%
TTM $7.53B
Op. margin
30.66%+0.38%
TTM 32.44%
Net income
$1.85B+6.20%
TTM $2.12B
Operating cash
$2.59B+14.72%
TTM $3.40B
Free cash flow
$2.23B+18.44%
TTM $3.12B
Return on equity
149.77%+32.94%
TTM 136.72%
Debt / equity
0.81+0.14%
TTM 0.32
Shares outstanding
764.6M-0.95%
TTM 741.3M

The business

Fortinet, Inc. (NASDAQ: FTNT) is a global leader in cybersecurity, driving the convergence of networking and security through its integrated Fortinet Security Fabric platform. The company's mission centers on securing people, devices, and data everywhere across diverse environments. Fortinet operates through three primary solution pillars: Secure Networking, Unified Secure Access Service Edge (SASE), and AI-Driven Security Operations (SecOps).

The Secure Networking segment delivers convergence of networking and security via FortiOS, the company's unified operating system, supported by proprietary FortiASIC technology that accelerates performance and enables encrypted traffic inspection. The Unified SASE solution provides single-vendor integration of firewall, SD-WAN, secure web gateway, cloud access security broker, data loss prevention, and zero trust network access capabilities across a global infrastructure of over 190 points of presence. The AI-Driven SecOps portfolio includes FortiAnalyzer as the central security operations center platform, alongside FortiSIEM, FortiSOAR, FortiEndpoint, and complementary threat detection and response solutions.

Fortinet serves enterprises, government organizations, and service providers across over 100 countries, spanning financial services, retail, healthcare, manufacturing, and operational technology sectors. The company generated total revenue of $6.80 billion for the year ended December 31, 2025, with net income of $1.85 billion. As of December 31, 2025, Fortinet held 1,064 U.S. patents and 1,405 global patents, including 321 AI-related patents, and maintained recognition in over 140 enterprise analyst reports.

Fortinet employs 15,109 people globally, with approximately 30 percent in the United States, 20 percent in Canada, and 50 percent in other regions, primarily Europe, Middle East, and Africa. The company distributes products through a two-tier model involving technology distributors and resellers, supplemented by direct sales to large enterprises and service providers. Manufacturing is outsourced to contract manufacturers, with approximately 87 percent of hardware manufactured in Taiwan. The company's website is located at https://www.fortinet.com.

Sector
Industrials
Industry
Industrial Machinery
HQ
SUNNYVALE, CA
FY end
12-31
CIK
1262039
SIC
3577
Financial performance · annual
20132025
$-752.74M$1.51B$3.76B$6.02B$8.28B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds Fortinet, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

864
funds hold it
1 of 35
superinvestors hold it
$27.60B
fund-held value
26.8%
of shares held by funds
1
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.13%$3.04B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.15%$2.48B
Invesco QQQ Trust, Series 1
QQQ
0.49%$2.39B
iShares Core S&P 500 ETF
IVV · iShares Trust
0.15%$1.32B
First Trust Nasdaq Cybersecurity ETF
CIBR · First Trust Exchange-Traded Fund II
8.85%$1.22B

Superinvestors in Fortinet, Inc.

Terry SmithDECREASED -41.0%
Fundsmith
4.1%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 1 issues of Fortinet, Inc.'s debt, $57.56M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 2.20%, maturing 20312031.

IssueCouponMaturesFundsFund-held
FORTINET INC SR UNSECURED 03/31 2.22.200%2031-03-1542$57.56M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Go deeper in your own AI

15 years of statements, narrative and filings — queryable over MCP.

Read FTNT's last four 10-Qs: what changed in segment trends, margins and management's narrative?
Run in your AI →

Professionals can also use the built-in AI chat (subscription + your own Anthropic key).

15 years of Fortinet, Inc.'s financials

Income statement, balance sheet and cash flow across 15 years, every filing with its disclosures, and each number traceable to the filing it came from — free with an account, no card required.

Sign in free