Latest period
$368.90M
YoY change
-3.7%
5Y CAGR
+23.7%
Peak year (2024)
$378.90M
Cumulative CapEx
$2.19B
CapEx history chart for Fortinet (FTNT) from 2006 to 2025
Latest: $364.80M
CapEx growth chart for Fortinet (FTNT) from 2006 to 2025
Latest: -3.7%
CapEx history table for Fortinet (FTNT) from 2006 to 2025
| 2025 | $364.80M | -3.7% | −$14.10M | ||
| 2024 | $378.90M | +85.6% | +$174.80M | ||
| 2023 | $204.10M | -27.4% | −$77.10M | ||
| 2022 | $281.20M | -5.0% | −$14.70M | ||
| 2021 | $295.90M | +135.0% | +$170.00M | ||
| 2020 | $125.90M | +36.6% | +$33.70M | ||
| 2019 | $92.20M | +74.0% | +$39.20M | ||
| 2018 | $53.00M | -60.8% | −$82.30M | ||
| 2017 | $135.30M | +101.3% | +$68.10M | ||
| 2016 | $67.20M | +79.9% | +$29.84M | ||
| 2015 | $37.36M | +16.0% | +$5.16M | ||
| 2014 | $32.20M | +132.0% | +$18.32M | ||
| 2013 | $13.88M | -37.2% | −$8.21M | ||
| 2012 | $22.08M | +509.4% | +$18.46M | ||
| 2011 | $3.62M | -4.0% | −$152.00K | ||
| 2010 | $3.78M | -17.7% | −$813.00K | ||
| 2009 | $4.59M | +64.0% | +$1.79M | ||
| 2008 | $2.80M | +38.0% | +$770.00K | ||
| 2007 | $2.03M | +70.9% | +$841.00K | ||
| 2006 | $1.19M | — | — |
- 2025$364.80M-3.7%
- 2024$378.90M+85.6%
- 2023$204.10M-27.4%
- 2022$281.20M-5.0%
- 2021$295.90M+135.0%
- 2020$125.90M+36.6%
- 2019$92.20M+74.0%
- 2018$53.00M-60.8%
- 2017$135.30M+101.3%
- 2016$67.20M+79.9%
- 2015$37.36M+16.0%
- 2014$32.20M+132.0%
- 2013$13.88M-37.2%
- 2012$22.08M+509.4%
- 2011$3.62M-4.0%
- 2010$3.78M-17.7%
- 2009$4.59M+64.0%
- 2008$2.80M+38.0%
- 2007$2.03M+70.9%
- 2006$1.19M—
CapEx values are taken from Fortinet's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Fortinet (FTNT)
According to Fortinet's latest reported financial statements, the company's current CapEx (TTM) is $368.90M. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual CapEx for Fortinet (FTNT) came in at $364.80M – edged down 3.7% year-over-year.
Fortinet CapEx has grown on net over the period, with a +23.7% compound annual growth rate over 2020–2025 (5 years).
Between 2024 and 2025, Fortinet CapEx edged down 3.7%, falling from $378.90M to $364.80M.
The highest annual CapEx of $378.90M was reported in 2024. The lowest in the available history was $1.19M in 2006.
Fortinet Capital Expenditures by Year
Fortinet Capital Expenditures 2025: $364.80M
2025's CapEx for Fortinet came in at $364.80M, edged down 3.7% below 2024.
Fortinet Capital Expenditures 2024: $378.90M
Fortinet posted CapEx of $378.90M in 2024, surged 85.6% from 2023. This figure represents the highest annual value in the available history.
Fortinet Capital Expenditures 2023: $204.10M
In 2023, Fortinet reported CapEx of $204.10M, declined 27.4% below 2022.
Fortinet Capital Expenditures 2022: $281.20M
Fortinet CapEx in 2022 was $281.20M, edged down 5.0% below 2021.
Fortinet Capital Expenditures 2021: $295.90M
Fortinet CapEx in 2021 was $295.90M.
See more financial history for Fortinet (FTNT).
Sector peers by CapEx
Technology peers of Fortinet (FTNT), ranked by their latest CapEx
| $64.55B | |
| $41.45B | |
| $15.86B | |
| $12.71B | |
| $6.04B | |
| $1.76B | |
| $974.00M | |
| $623.00M |
- $64.55B
- $41.45B
- $15.86B
- $12.71B
- $6.04B
- $1.76B
- $974.00M
- $623.00M
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