Fortinet
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Fortinet's past years’ income statements indicate that its last revenue has increased compared to the previous period by 20% to $5,304,800,000. The net income raised on $1,147,800,000 and profit margin reached 22%. Total operating expenses were $2,826,500,000.
Profit Margin
| 2014 | 770.36M | 25.34M | 3.29% |
|---|---|---|---|
| 2015 | 1.00B | 7.98M | 0.79% |
| 2016 | 1.27B | 32.18M | 2.52% |
| 2017 | 1.49B | 31.39M | 2.1% |
| 2018 | 1.80B | 332.2M | 18.44% |
| 2019 | 2.15B | 326.5M | 15.14% |
| 2020 | 2.59B | 488.5M | 18.83% |
| 2021 | 3.34B | 606.8M | 18.16% |
| 2022 | 4.41B | 857.3M | 19.41% |
| 2023 | 5.30B | 1.14B | 21.64% |
FTNT Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 5.30B | 4.41B | 3.34B | 2.59B | 2.15B | 1.80B | 1.49B | 1.27B | 1.00B | 770.36M |
Cost of revenue | 1.23B | 1.08B | 783M | 570M | 505.9M | 450.4M | 385.28M | 337.83M | 286.77M | 231.00M |
Gross profit | 4.06B | 3.33B | 2.55B | 2.02B | 1.65B | 1.35B | 1.10B | 937.60M | 722.49M | 539.35M |
Operating exp. | ||||||||||
Research and development | 613.8M | 512.4M | 424.2M | 341.4M | 277.1M | 244.5M | 210.61M | 183.08M | 158.12M | 122.88M |
Selling and marketing | 2.00B | 1.68B | 1.34B | 1.07B | 926.9M | 782.3M | 701.02M | 626.50M | 470.37M | 315.80M |
Total operating expenses | 2.82B | 2.36B | 1.91B | 1.53B | 1.30B | 1.11B | 999.50M | 890.66M | 700.01M | 480.03M |
Operating income | 1.24B | 969.6M | 650.4M | 531.8M | 344.2M | 231M | 109.80M | 42.94M | 14.87M | 59.32M |
Other income (expenses), net | 92.6M | -14.1M | -22M | 9.9M | 35M | -6.6M | 14.19M | -11.09M | 2.12M | 2.22M |
Income before tax | 1.33B | 955.5M | 628.4M | 541.7M | 379.2M | 250.9M | 123.99M | 43.14M | 17.00M | 61.54M |
Income tax expense | 143.8M | 30.8M | 14.1M | 53.2M | 52.7M | -81.3M | 92.59M | 10.96M | 9.01M | 36.20M |
Net income | 1.14B | 857.3M | 606.8M | 488.5M | 326.5M | 332.2M | 31.39M | 32.18M | 7.98M | 25.34M |
Earnings per share | ||||||||||
Basic EPS | 1.47 | 1.08 | 0.74 | 0.6 | 0.39 | 0.39 | 0.03 | 0.03 | 0.01 | 0.03 |
Diluted EPS | 1.46 | 1.06 | 0.73 | 0.58 | 0.38 | 0.38 | 0.03 | 0.03 | 0.01 | 0.03 |
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