Fortinet Inc (FTNT)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,745,200	1,147,800	857,300	606,800	488,500
Revenue	US$ in thousands	5,955,800	5,304,800	4,417,400	3,342,200	2,594,400
Net profit margin		29.30%	21.64%	19.41%	18.16%	18.83%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $1,745,200K ÷ $5,955,800K
= 29.30%

Fortinet Inc's net profit margin has shown a positive trend over the past five years, increasing from 18.83% in December 31, 2020, to 29.30% in December 31, 2024. This indicates that the company has been effectively managing its expenses and generating higher profits relative to its revenue. The consistent improvement in net profit margin reflects Fortinet's ability to control costs, increase efficiency, and enhance profitability over time. Investors may view this trend positively as it suggests the company's financial health and operational performance are strengthening.