Capital Expenditures for Fortinet (FTNT)
According to Fortinet's latest reported financial statements, the company's current capital expenditures (TTM) is $364.80M USD. 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 .
FTNT
Currently viewingCapital ExpendituresSwitch metric
Latest period
$364.80M
YoY change
-3.7%
5Y CAGR
+23.7%
Peak year (2024)
$378.90M
Cumulative capital expenditures
$2.12B
CapEx history chart for Fortinet (FTNT) from 2006 to 2025
CapEx history table for Fortinet (FTNT) from 2006 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Fortinet (FTNT) came in at $364.80M – edged down 3.7% year-over-year.
Fortinet capital expenditures has recorded the values shown across consecutive periods, with a +23.7% compound annual growth rate over 2020–2025 (5 years).
Between 2024 and 2025, Fortinet capital expenditures edged down 3.7%, falling from $378.90M to $364.80M.
The highest annual capital expenditures of $378.90M was reported in 2024. The lowest in the available history was $1.19M in 2006.
Fortinet (FTNT) sits 9th of 8 Technology peers we track on this metric, against a peer median of $9.38B.
Fortinet Capital Expenditures by Year
Fortinet Capital Expenditures 2025: $364.80M
Fortinet capital expenditures in 2025 was $364.80M, edged down 3.7% below 2024.
Fortinet Capital Expenditures 2024: $378.90M
Fortinet capital expenditures in 2024 was $378.90M, surged 85.6% from 2023. This figure represents the highest annual value in the available history.
Fortinet Capital Expenditures 2023: $204.10M
Fortinet capital expenditures in 2023 was $204.10M, declined 27.4% below 2022.
Fortinet Capital Expenditures 2022: $281.20M
Fortinet capital expenditures in 2022 was $281.20M, edged down 5.0% below 2021.
Fortinet Capital Expenditures 2021: $295.90M
Fortinet capital expenditures in 2021 was $295.90M.
See more financial history for Fortinet (FTNT).
Sector peers — CapEx
Companies in the same sector as Fortinet, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is Fortinet's capital expenditures?
- Latest reported capital expenditures for Fortinet (FTNT) is $364.80M (period ending December 31, 2025).
How has Fortinet capital expenditures changed year-over-year?
- Fortinet (FTNT) capital expenditures changed -3.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Fortinet capital expenditures?
- Fortinet (FTNT) capital expenditures compound annual growth rate is +23.7% over the most recent 5 years available.
When did Fortinet capital expenditures hit its highest annual value?
- Fortinet capital expenditures reached its highest annual value of $378.90M in 2024.
What was Fortinet capital expenditures in 2024?
- Fortinet (FTNT) capital expenditures in 2024 was $378.90M.
What was Fortinet capital expenditures in 2025?
- Fortinet (FTNT) capital expenditures in 2025 was $364.80M.
Metrics overview
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