Fortinet Cash Flow Statement
NASDAQ: FTNTTechnologyComputer peripheral equipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Fortinet free cash flow
In fiscal 2025, Fortinet generated $2.59 billion of operating cash flow and spent $364.8 million on capital expenditures. That left free cash flow of $2.23 billion, a free-cash-flow margin of 32.7% of revenue. Free cash flow was up 18.4% from the prior year's $1.88 billion.
Fortinet returned $2.29 billion to shareholders through share repurchases, equal to 103% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
Fortinet cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.85B | 1.75B | 1.15B | 856.60M | 606.70M | 488.50M | 331.70M | 334.90M | 31.40M | 32.20M |
| Net Income growth (YoY) | +6.20% | +52.05% | +33.99% | +41.19% | +24.20% | +47.27% | -0.96% | +966.56% | -2.48% | +303.16% |
| Depreciation & Amortization | 152.00M | 122.80M | 113.40M | 104.30M | 84.40M | 68.80M | 61.60M | 55.70M | 55.50M | 48.50M |
| Stock-Based Compensation | 279.50M | 257.90M | 249.00M | 217.30M | 207.90M | 191.70M | 174.10M | 162.90M | 137.20M | 122.40M |
| Change in Working Capital | 472.70M | 535.70M | 807.40M | 736.80M | 765.30M | 355.60M | 280.90M | 252.60M | -2.50M | 136.60M |
| Operating Cash Flow | 2.59B | 2.26B | 1.94B | 1.73B | 1.50B | 1.08B | 808.00M | 638.90M | 594.40M | 345.70M |
| Capital Expenditures | -364.80M | -378.90M | -204.10M | -281.20M | -295.90M | -125.90M | -92.20M | -53.00M | -135.30M | -67.20M |
| Investing Cash Flow | -599.10M | -727.40M | -649.30M | 763.90M | -1.33B | -72.80M | -502.30M | -134.90M | -76.80M | -74.10M |
| Share Repurchases | -2.29B | -600.00K | -1.50B | -1.99B | -741.80M | -1.08B | -145.10M | -211.80M | -446.30M | -110.80M |
| Debt Issued | — | — | 0 | 0 | 989.40M | 0 | 0 | — | — | — |
| Financing Cash Flow | -2.37B | -50.10M | -1.57B | -2.13B | 82.80M | -1.17B | -195.60M | -202.60M | -415.60M | -105.90M |
| Net Change in Cash | -380.60M | 1.48B | -285.00M | 363.80M | 257.30M | -160.70M | 110.10M | 301.40M | 102.00M | 165.70M |
| Free Cash Flow | 2.23B | 1.88B | 1.73B | 1.45B | 1.20B | 957.80M | 715.80M | 585.90M | 459.10M | 278.50M |
This table shows 10 annual periods of Fortinet's cash flow statement, from FY 2025 back to FY 2016, across 12 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow FTNT's reporting calendar. What is a cash flow statement?