Free Cash Flow for Fortinet (FTNT)
Free Cash Flow for Fortinet (FTNT): headline value $2.23B · YoY +18.4%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
FTNT
Currently viewingFree Cash FlowSwitch metric
Latest period
$2.23B
YoY change
+18.4%
5Y CAGR
+18.4%
Peak year (2025)
$2.23B
Latest annual
$2.23B
Free Cash Flow history chart for Fortinet (FTNT) from 2006 to 2025
Free Cash Flow history table for Fortinet (FTNT) from 2006 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $2.23B | +18.4% | ||
| 2024 | $1.88B | +8.5% | ||
| 2023 | $1.73B | +19.5% | ||
| 2022 | $1.45B | +20.4% | ||
| 2021 | $1.20B | +25.7% | ||
| 2020 | $957.80M | +33.8% | ||
| 2019 | $715.80M | +22.2% | ||
| 2018 | $585.90M | +27.6% | ||
| 2017 | $459.10M | +64.8% | ||
| 2016 | $278.50M | +13.6% | ||
| 2015 | $245.19M | +49.2% | ||
| 2014 | $164.38M | +23.1% | ||
| 2013 | $133.51M | -17.5% | ||
| 2012 | $161.78M | +25.2% | ||
| 2011 | $129.22M | +29.7% | ||
| 2010 | $99.61M | +73.6% | ||
| 2009 | $57.38M | +64.5% | ||
| 2008 | $34.89M | +36.1% | ||
| 2007 | $25.64M | +1054.0% | ||
| 2006 | $2.22M | — |
Free Cash Flow 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
As of the 2025 fiscal year, Fortinet (FTNT) reported free cash flow of $2.23B – grew 18.4% year-over-year.
Fortinet free cash flow has grown for 12 consecutive years, with a +18.4% compound annual growth rate over 2020–2025 (5 years).
2025 marks the peak free cash flow at $2.23B, with the historical low of $2.22M recorded in 2006.
Within Technology, Fortinet (FTNT) ranks 8th among 8 peers we track. The peer median for free cash flow is $49.26B.
Fortinet Free Cash Flow by Year
Fortinet Free Cash Flow 2025: $2.23B
Fortinet free cash flow in 2025 was $2.23B, grew 18.4% from 2024. This figure represents the highest annual value in the available history.
Fortinet Free Cash Flow 2024: $1.88B
Fortinet free cash flow in 2024 was $1.88B, grew 8.5% from 2023.
Fortinet Free Cash Flow 2023: $1.73B
Fortinet free cash flow in 2023 was $1.73B, grew 19.5% from 2022.
Fortinet Free Cash Flow 2022: $1.45B
Fortinet free cash flow in 2022 was $1.45B, grew 20.4% from 2021.
Fortinet Free Cash Flow 2021: $1.20B
Fortinet free cash flow in 2021 was $1.20B.
See more financial history for Fortinet (FTNT).
Sector peers — Free Cash Flow
Companies in the same sector as Fortinet, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.10T | Technology |
| Apple Inc. (AAPL) | $98.77B | Technology |
| NVIDIA Corporation (NVDA) | $96.68B | Technology |
| Microsoft Corporation (MSFT) | $71.61B | Technology |
| Broadcom Inc. (AVGO) | $26.91B | Technology |
| ASML Holding N.V. (ASML) | $10.65B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $6.74B | Technology |
| Micron Technology, Inc. (MU) | $1.67B | Technology |
Frequently asked questions
What is Fortinet's free cash flow?
Latest reported free cash flow for Fortinet (FTNT) is $2.23B (period ending December 31, 2025).
How has Fortinet free cash flow changed year-over-year?
Fortinet (FTNT) free cash flow changed +18.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Fortinet free cash flow?
Fortinet (FTNT) free cash flow compound annual growth rate is +18.4% over the most recent 5 years available.
When did Fortinet free cash flow hit its highest annual value?
Fortinet free cash flow reached its highest annual value of $2.23B in 2025.
What was Fortinet free cash flow in 2024?
Fortinet (FTNT) free cash flow in 2024 was $1.88B.
What was Fortinet free cash flow in 2025?
Fortinet (FTNT) free cash flow in 2025 was $2.23B.
Metrics overview
Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.
Explore more
FTNT Overview
Company profile, financial tools, and key metrics
FTNT Revenue Counter
Earns $215.61 every second. See per minute, hour, and day.
FTNT Earnings Counter
Earns $58.77 per second net profit. See per minute, hour, and day.
FTNT Economic Scale
Exceeds French Polynesia's GDP. Compare with world economies.
FTNT What If Invested
What if you had invested $1,000? See historical returns from any date.
FTNT How It Makes Money
Discover visual breakdown of $6.80B in revenue — where it comes from and where it goes.
FTNT Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
FTNT Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
FTNT Daily Price Character
Balanced · 52.3% historical win rate (green days). Streaks & record days.
FTNT Buybacks
3.88% TTM buyback yield. Shareholder yield & SBC comparison.
FTNT Stock Split History
2 splits on record. Dates, ratios, and cumulative multiple.