Fortinet, Inc. (FTNT)

USD 93.36

(-4.36%)

Annual Income Statements

(In USD)
Breakdown 2023 2022 2021 2020 2019 2018
Revenue 5.3 Billion 4.41 Billion 3.34 Billion 2.59 Billion 2.15 Billion 1.8 Billion
Cost of Revenue 1.23 Billion 1.08 Billion 783 Million 570 Million 505.9 Million 450.4 Million
Gross Profit 4.06 Billion 3.33 Billion 2.55 Billion 2.02 Billion 1.65 Billion 1.35 Billion
Operating Expenses 2.82 Billion 2.36 Billion 1.91 Billion 1.53 Billion 1.3 Billion 1.11 Billion
Selling, General and Administrative Expenses 2.21 Billion 1.85 Billion 1.48 Billion 1.19 Billion 1.02 Billion 875.3 Million
Research and Development Expenses 613.8 Million 512.4 Million 424.2 Million 341.4 Million 277.1 Million 244.5 Million
Other Expenses - -8.9 Million -7 Million 32.4 Million -7.5 Million -6.6 Million
Cost and Expenses 4.06 Billion 3.45 Billion 2.69 Billion 2.1 Billion 1.81 Billion 1.57 Billion
Operating Income 1.24 Billion 969.6 Million 650.4 Million 531.8 Million 344.2 Million 231 Million
Interest Expense 21 Million 18 Million 14.9 Million - - 26.5 Million
Income Tax Expense 143.8 Million 30.8 Million 14.1 Million 53.2 Million 52.7 Million -81.3 Million
Earnings before Tax 1.33 Billion 955.5 Million 628.4 Million 541.7 Million 379.2 Million 250.9 Million
Net Income 1.14 Billion 857.3 Million 606.8 Million 488.5 Million 326.5 Million 332.2 Million
Earnings Per Share Basic 1.47 1.08 0.74 0.60 0.39 0.39
Earnings Per Share Diluted 1.46 1.06 0.73 0.58 0.38 0.38
Weighted Average Shares Outstanding 778.6 Million 791.4 Million 816 Million 821 Million 855 Million 845.5 Million
Weighted Average Shares Outstanding (Diluted) 788.2 Million 805.3 Million 835.5 Million 838.5 Million 875 Million 871 Million
Gross Margin 0.77 0.75 0.77 0.78 0.77 0.75
EBIT Margin 0.25 0.24 0.22 0.22 0.19 0.16
Profit Margin 0.22 0.19 0.18 0.19 0.15 0.18
EBITDA 1.34 Billion 1.07 Billion 727.7 Million 560.4 Million 412.6 Million 286.7 Million
Earnings Before Tax Margin 0.23 0.22 0.19 0.20 0.16 0.13

Income Statement Charts