EBITDA for Fortinet (FTNT)
According to Fortinet's latest reported financial statements, the company's current EBITDA (TTM) is $2.45B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
FTNT
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$2.45B
YoY change
+12.0%
5Y CAGR
+32.2%
Peak year (2025)
$2.46B
Cumulative EBITDA
$10.06B
EBITDA history chart for Fortinet (FTNT) from 2006 to 2025
EBITDA history table for Fortinet (FTNT) from 2006 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $2.46B | +12.0% | ||
| 2024 | $2.20B | +49.9% | ||
| 2023 | $1.47B | +36.2% | ||
| 2022 | $1.08B | +48.1% | ||
| 2021 | $727.70M | +19.2% | ||
| 2020 | $610.50M | +36.4% | ||
| 2019 | $447.60M | +54.3% | ||
| 2018 | $290.10M | +75.2% | ||
| 2017 | $165.60M | +73.6% | ||
| 2016 | $95.40M | +76.5% | ||
| 2015 | $54.07M | -33.5% | ||
| 2014 | $81.35M | -7.3% | ||
| 2013 | $87.71M | -21.7% | ||
| 2012 | $112.04M | +16.8% | ||
| 2011 | $95.89M | +57.1% | ||
| 2010 | $61.04M | +95.2% | ||
| 2009 | $31.27M | +241.3% | ||
| 2008 | $9.16M | -152.6% | ||
| 2007 | -$17.42M | +600.3% | ||
| 2006 | -$2.49M | — |
EBITDA values are taken from Fortinet's reported income 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
In 2025, Fortinet (FTNT) EBITDA totalled $2.46B – grew 12.0% year-over-year.
Fortinet EBITDA has grown for 10 consecutive years, with a +32.2% compound annual growth rate over 2020–2025 (5 years).
The highest annual EBITDA of $2.46B was reported in 2025. The lowest in the available history was -$17.42M in 2007.
Among 8 Technology peers, Fortinet (FTNT) ranks 9th; the peer median for EBITDA is $89.57B.
Fortinet EBITDA by Year
Fortinet EBITDA 2025: $2.46B
Fortinet EBITDA in 2025 was $2.46B, grew 12.0% from 2024. This figure represents the highest annual value in the available history.
Fortinet EBITDA 2024: $2.20B
Fortinet EBITDA in 2024 was $2.20B, surged 49.9% from 2023.
Fortinet EBITDA 2023: $1.47B
Fortinet EBITDA in 2023 was $1.47B, surged 36.2% from 2022.
Fortinet EBITDA 2022: $1.08B
Fortinet EBITDA in 2022 was $1.08B, surged 48.1% from 2021.
Fortinet EBITDA 2021: $727.70M
Fortinet EBITDA in 2021 was $727.70M.
See more financial history for Fortinet (FTNT).
Sector peers — EBITDA
Companies in the same sector as Fortinet, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.75T | Technology |
| Microsoft Corporation (MSFT) | $160.16B | Technology |
| NVIDIA Corporation (NVDA) | $144.55B | Technology |
| Apple Inc. (AAPL) | $144.43B | Technology |
| Broadcom Inc. (AVGO) | $34.71B | Technology |
| Micron Technology, Inc. (MU) | $18.49B | Technology |
| ASML Holding N.V. (ASML) | $12.55B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $7.28B | Technology |
Frequently asked questions
What is Fortinet's EBITDA?
- Latest reported EBITDA for Fortinet (FTNT) is $2.45B (period ending December 31, 2025).
How has Fortinet EBITDA changed year-over-year?
- Fortinet (FTNT) EBITDA changed +12.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Fortinet EBITDA?
- Fortinet (FTNT) EBITDA compound annual growth rate is +32.2% over the most recent 5 years available.
When did Fortinet EBITDA hit its highest annual value?
- Fortinet EBITDA reached its highest annual value of $2.46B in 2025.
What was Fortinet EBITDA in 2024?
- Fortinet (FTNT) EBITDA in 2024 was $2.20B.
What was Fortinet EBITDA in 2025?
- Fortinet (FTNT) EBITDA in 2025 was $2.46B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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