Fortinet Inc (FTNT)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	1,745,200	1,529,900	1,312,900	1,199,400	1,147,800	1,150,700	1,059,400	966,600	857,300	742,500	674,000	638,000	606,800	554,500	514,800	491,100	488,500	457,000	413,800	372,700
Revenue (ttm)	US$ in thousands	5,955,800	5,710,800	5,537,300	5,395,800	5,304,800	5,172,700	4,987,600	4,724,900	4,417,400	4,098,000	3,815,700	3,586,700	3,342,200	3,126,600	2,910,500	2,724,900	2,591,500	2,457,900	2,354,300	2,260,500
Net profit margin		29.30%	26.79%	23.71%	22.23%	21.64%	22.25%	21.24%	20.46%	19.41%	18.12%	17.66%	17.79%	18.16%	17.73%	17.69%	18.02%	18.85%	18.59%	17.58%	16.49%

December 31, 2024 calculation

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

Net profit margin is a key financial ratio that indicates the percentage of revenue that translates into net income after accounting for all expenses. Looking at the data provided for Fortinet Inc's net profit margin over time, we can observe a fluctuating trend:

- The net profit margin started at 16.49% in March 31, 2020, showing a moderate level of profitability.
- There was a gradual improvement in the net profit margin, reaching a peak of 29.30% by December 31, 2024.
- Throughout the period, there were fluctuations in the net profit margin, with some quarters showing incremental growth and others experiencing slight declines.
- The net profit margin showed signs of volatility but generally trended upwards, indicating an overall improvement in the company's ability to convert revenue into profit.
- The significant jump in net profit margin from 26.79% in September 30, 2024, to 29.30% in December 31, 2024, suggests potential strategic initiatives or operational efficiencies that positively impacted profitability.
- It is essential to continue monitoring Fortinet Inc's net profit margin to assess the sustainability of the company's profitability and to make informed investment decisions based on the company's financial performance.