Fortinet Inc (FTNT)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	1,803,400	1,241,100	969,600	650,400	531,800
Revenue	US$ in thousands	5,955,800	5,304,800	4,417,400	3,342,200	2,594,400
Operating profit margin		30.28%	23.40%	21.95%	19.46%	20.50%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,803,400K ÷ $5,955,800K
= 30.28%

To analyze Fortinet Inc's operating profit margin trend, we observe the following percentages over the years:

- As of December 31, 2020, the operating profit margin was 20.50%.
- By December 31, 2021, the operating profit margin dipped slightly to 19.46%.
- However, in the following years, there was a notable improvement in performance:
- By December 31, 2022, the operating profit margin increased to 21.95%.
- This positive trend continued into December 31, 2023, with the operating profit margin rising further to 23.40%.
- The most significant improvement was observed by December 31, 2024, with the operating profit margin reaching 30.28%.

Overall, Fortinet Inc has shown a positive trend in its operating profit margin over the analyzed period, indicating improved operational efficiency and profitability. This upward trajectory suggests effective cost management and revenue generation strategies implemented by the company.