FORTINET, INC. (FTNT) Free cash flow
- Free cash flow · 12 months (USD): Value (m); Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | (m) | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | (m) | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $3.40B | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | 1.60× | Operating cash flow / net income. Period ending 2026-06-30. $3.40B ÷ $2.12B ≈ 1.60× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 3.40B USD | Net Cash Provided by (Used in) Operating Activities |
| Capital spending | (m) | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | (m) | Net Cash Provided by (Used in) Operating Activities · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 7.53B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | Common Stock, Shares, Outstanding |
| Net income | 2.12B USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | (m) | $3.40B | (m) | (m) | $7.53B | (m) | $2.12B | (m) | (m) | (m) | 1.60× |
| 2026-03-31 | (m) | (m) | $2.80B | (m) | (m) | $7.11B | (m) | $1.95B | (m) | (m) | (m) | 1.43× |
| 2025-12-31 | (m) | (m) | $2.59B | (m) | (m) | $6.80B | (m) | $1.85B | (m) | (m) | (m) | 1.40× |
| 2025-09-30 | (m) | (m) | $2.45B | (m) | (m) | $6.55B | (m) | $1.87B | (m) | (m) | (m) | 1.31× |
| 2025-06-30 | (m) | (m) | $2.40B | (m) | (m) | $6.34B | (m) | $1.94B | (m) | (m) | (m) | 1.24× |
| 2025-03-31 | (m) | (m) | $2.29B | (m) | (m) | $6.14B | (m) | $1.88B | (m) | (m) | (m) | 1.22× |
| 2024-12-31 | (m) | (m) | $2.26B | (m) | (m) | $5.96B | (m) | $1.75B | (m) | (m) | (m) | 1.29× |
| 2024-09-30 | (m) | (m) | $1.97B | (m) | (m) | $5.71B | (m) | $1.53B | (m) | (m) | (m) | 1.29× |
| 2024-06-30 | (m) | (m) | $1.92B | (m) | (m) | $5.54B | (m) | $1.31B | (m) | (m) | (m) | 1.46× |
| 2024-03-31 | (m) | (m) | $2.09B | (m) | (m) | $5.40B | (m) | $1.20B | (m) | (m) | (m) | 1.74× |
| 2023-12-31 | (m) | (m) | $1.94B | (m) | (m) | $5.30B | (m) | $1.15B | (m) | (m) | (m) | 1.69× |
| 2023-09-30 | (m) | (m) | $2.27B | (m) | (m) | $5.17B | (m) | $1.15B | (m) | (m) | (m) | 1.97× |
| 2023-06-30 | (m) | (m) | $2.20B | (m) | (m) | $4.99B | (m) | $1.06B | (m) | (m) | (m) | 2.08× |
| 2023-03-31 | (m) | (m) | $2.01B | (m) | (m) | $4.72B | (m) | $966.60M | (m) | (m) | (m) | 2.08× |
| 2022-12-31 | (m) | (m) | $1.73B | (m) | (m) | $4.42B | (m) | $857.30M | (m) | (m) | (m) | 2.02× |
| 2022-09-30 | (m) | (m) | $1.57B | (m) | (m) | $4.10B | (m) | $742.50M | (m) | (m) | (m) | 2.11× |
| 2022-06-30 | (m) | (m) | $1.49B | (m) | (m) | $3.82B | (m) | $674.00M | (m) | (m) | (m) | 2.20× |
| 2022-03-31 | (m) | (m) | $1.58B | (m) | (m) | $3.59B | (m) | $638.00M | (m) | (m) | (m) | 2.48× |
| 2021-12-31 | (m) | (m) | $1.50B | (m) | (m) | $3.34B | (m) | $606.80M | (m) | (m) | (m) | 2.47× |
| 2021-09-30 | (m) | (m) | $1.43B | (m) | (m) | $3.13B | (m) | $554.50M | (m) | (m) | (m) | 2.58× |
| 2021-06-30 | (m) | (m) | $1.25B | (m) | (m) | $2.91B | (m) | $514.80M | (m) | (m) | (m) | 2.43× |
| 2021-03-31 | (m) | (m) | $1.08B | (m) | (m) | $2.73B | (m) | $491.10M | (m) | (m) | (m) | 2.20× |
| 2020-12-31 | (m) | (m) | $1.08B | (m) | (m) | $2.59B | (m) | $488.50M | (m) | (m) | (m) | 2.22× |
| 2020-09-30 | (m) | (m) | $977.60M | (m) | (m) | $2.46B | (m) | $454.80M | (m) | (m) | (m) | 2.15× |
| 2020-06-30 | (m) | (m) | $978.00M | (m) | (m) | $2.35B | (m) | $411.10M | (m) | (m) | (m) | 2.38× |
| 2020-03-31 | (m) | (m) | $926.10M | (m) | (m) | $2.26B | (m) | $371.70M | (m) | (m) | (m) | 2.49× |
| 2019-12-31 | (m) | (m) | $808.00M | (m) | (m) | $2.16B | (m) | $326.50M | (m) | (m) | (m) | 2.47× |
| 2019-09-30 | (m) | (m) | $797.80M | (m) | (m) | $2.05B | (m) | $393.90M | (m) | (m) | (m) | 2.03× |
| 2019-06-30 | (m) | (m) | $753.30M | (m) | (m) | $1.96B | (m) | $372.80M | (m) | (m) | (m) | 2.02× |
| 2019-03-31 | (m) | (m) | $700.50M | (m) | (m) | $1.87B | (m) | $349.40M | (m) | (m) | (m) | 2.00× |
| 2018-12-31 | (m) | (m) | $638.90M | (m) | (m) | $1.80B | (m) | $332.20M | (m) | (m) | (m) | 1.92× |
| 2018-09-30 | (m) | (m) | $616.21M | (m) | (m) | $1.71B | (m) | $120.60M | (m) | (m) | (m) | 5.11× |
| 2018-06-30 | (m) | (m) | $601.90M | (m) | (m) | $1.63B | (m) | $88.60M | (m) | (m) | (m) | 6.79× |
| 2018-03-31 | (m) | (m) | $604.40M | (m) | (m) | $1.55B | (m) | $62.30M | (m) | (m) | (m) | 9.70× |
| 2017-12-31 | (m) | (m) | $594.40M | (m) | (m) | $1.49B | (m) | $31.40M | (m) | (m) | (m) | 18.93× |
| 2017-09-30 | (m) | (m) | $537.90M | (m) | (m) | $1.44B | (m) | $85.53M | (m) | (m) | (m) | 6.29× |
| 2017-06-30 | (m) | (m) | $451.70M | (m) | (m) | $1.38B | (m) | $65.21M | (m) | (m) | (m) | 6.93× |
| 2017-03-31 | (m) | (m) | $374.87M | (m) | (m) | $1.33B | (m) | $40.79M | (m) | (m) | (m) | 9.19× |
| 2016-12-31 | (m) | (m) | $345.71M | (m) | (m) | $1.28B | (m) | $32.19M | (m) | (m) | (m) | 10.74× |
| 2016-09-30 | (m) | (m) | $313.23M | (m) | (m) | $1.21B | (m) | $4.49M | (m) | (m) | (m) | 69.81× |
| 2016-06-30 | (m) | (m) | $302.15M | (m) | (m) | $1.15B | (m) | $6.37M | (m) | (m) | (m) | 47.47× |
| 2016-03-31 | (m) | (m) | $318.52M | (m) | (m) | $1.08B | (m) | $3.00M | (m) | (m) | (m) | 106.24× |
| 2015-12-31 | (m) | (m) | $282.55M | (m) | (m) | $1.01B | (m) | $7.99M | (m) | (m) | (m) | 35.38× |
| 2015-09-30 | (m) | (m) | $249.35M | (m) | (m) | $936.71M | (m) | $17.33M | (m) | (m) | (m) | 14.39× |
| 2015-06-30 | (m) | (m) | $240.81M | (m) | (m) | $869.99M | (m) | $13.22M | (m) | (m) | (m) | 18.21× |
| 2015-03-31 | (m) | (m) | $200.30M | (m) | (m) | $814.30M | (m) | $18.51M | (m) | (m) | (m) | 10.82× |
| 2014-12-31 | (m) | (m) | $196.58M | (m) | (m) | $770.36M | (m) | $25.34M | (m) | (m) | (m) | 7.76× |
| 2014-09-30 | (m) | (m) | $207.89M | (m) | (m) | $723.75M | (m) | $30.55M | (m) | (m) | (m) | 6.81× |
| 2014-06-30 | (m) | (m) | $176.75M | (m) | (m) | $685.10M | (m) | $37.52M | (m) | (m) | (m) | 4.71× |
| 2014-03-31 | (m) | (m) | $170.18M | (m) | (m) | $648.43M | (m) | $40.42M | (m) | (m) | (m) | 4.21× |
| 2013-12-31 | (m) | (m) | $147.38M | (m) | (m) | $615.30M | (m) | $44.27M | (m) | (m) | (m) | 3.33× |
| 2013-09-30 | (m) | (m) | $151.01M | (m) | (m) | $589.11M | (m) | $53.76M | (m) | (m) | (m) | 2.81× |
| 2013-06-30 | (m) | (m) | $166.40M | (m) | (m) | $570.68M | (m) | $59.94M | (m) | (m) | (m) | 2.78× |
| 2013-03-31 | (m) | (m) | $173.46M | (m) | (m) | $552.21M | (m) | $64.91M | (m) | (m) | (m) | 2.67× |
| 2012-12-31 | (m) | (m) | $183.87M | (m) | (m) | $533.64M | (m) | $66.84M | (m) | (m) | (m) | 2.75× |
| 2012-09-30 | (m) | (m) | $156.13M | (m) | (m) | $503.34M | (m) | $61.82M | (m) | (m) | (m) | 2.53× |
| 2012-06-30 | (m) | (m) | $151.40M | (m) | (m) | $483.50M | (m) | $62.53M | (m) | (m) | (m) | 2.42× |
| 2012-03-31 | (m) | (m) | $141.18M | (m) | (m) | $457.56M | (m) | $63.08M | (m) | (m) | (m) | 2.24× |
| 2011-12-31 | (m) | (m) | $132.84M | (m) | (m) | $433.58M | (m) | $62.49M | (m) | (m) | (m) | 2.13× |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | (m) | (m) | $103.38M | (m) | (m) | $324.70M | (m) | $41.24M | (m) | (m) | (m) | 2.51× |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | (m) | $61.97M | (m) | (m) | $252.12M | (m) | $60.18M | (m) | (m) | (m) | 1.03× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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