Fortinet Inc (FTNT)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,291,600 | 888,100 | 620,900 | 541,700 | 386,000 |
| Revenue | US$ in thousands | 5,230,300 | 4,313,600 | 3,306,400 | 2,588,900 | 2,151,500 |
| Pretax margin | 24.69% | 20.59% | 18.78% | 20.92% | 17.94% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,291,600K ÷ $5,230,300K
= 24.69%
Fortinet Inc's pretax margin has shown a generally positive trend over the past five years, with fluctuations from 17.59% in 2019 to 24.35% in 2023. The company's ability to generate pre-tax profits as a percentage of its revenue has improved over the years, indicating efficient cost management and potentially increasing operational efficiencies. The upward trend in pretax margin suggests that Fortinet Inc has been successful in controlling its expenses relative to its revenue, which is a positive signal of profitability and financial health. Overall, the company's pretax margin performance reflects a strengthening financial position and effective operational management.
Peer comparison
Dec 31, 2023