🫧 Edgar looked up FORTINET, INC. ($FTNT). Last filing: 10-Q, 2026-07-30. 5 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $6.8B (FY2025), total debt $996.3M. Experience: revenue up 14.2% on the year, up 19.4% a year over 4 years; operating margin 30.7%, up from 30.3%. Soundness: equity 11.9% of assets, return on equity 149.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $6.8B and $8.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $6.3B to $9.3B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, computer peripheral equipment, nec): operating margin 30.7% against a 0.8% median; growth 14.2% against 11.6%.
| Fiscal year end | 2025-12-31 |
| Revenue | $6.8B |
| Revenue, on the year | 14.2% |
| Revenue, a year over the record | 19.4% |
| Operating margin | 30.7% |
| Operating margin, prior year | 30.3% |
| Net margin | 27.3% |
| Research and development | $816M · 12.0% of revenue |
| Total debt | $996M |
| Equity of assets | 11.9% |
| Return on equity | 149.8% |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $2.45 |
| Book value per share | $1.62 |
| Revenue per share | $8.89 |
| Shares outstanding | 764,600,000 |
| Audited years read | 5 |
Peers: the median of 11 filers with $50M+ revenue in computer peripheral equipment, nec.
Quiet: none of the watched events (late-filing notices, bankruptcy, listing notices, debt triggers, non-reliance, auditor changes, restructuring, impairment, cyber incidents, leadership changes) filed in the last 12 months.
Sailing speed follows growth: 15.5% a year crosses the harbor in 34 seconds.
No warning signs on the measures below.
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
Both views must agree for a label · market view (price) not sourced; add a price at /boards/ask.json?q=TICKER&price=… · a description, not advice.
| Cash conversion (operating cash ÷ revenue) | 38.1% |
| Growth speed (3 years, per year) | 15.5% |
| Revenue swing (std-dev of yearly growth) | 7.3% |
| Cash flow (operating · investing · financing · free) | $2.6B · −$599M · −$2.4B · $2.2B |
| Investment book (cash · short-term · long-term) | $2.5B · $989M · — |
| Common dividend | none |
| Equity of assets | 11.9% |
Fortinet is growing faster than its size class, with steadier revenue. SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class.
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company
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