Fortinet Inc (FTNT)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,291,600 | 1,208,500 | 1,144,800 | 1,026,800 | 888,100 | 767,800 | 662,700 | 631,800 | 620,900 | 589,900 | 564,500 | 543,200 | 541,700 | 501,400 | 479,000 | 441,100 | 383,500 | 347,600 | 312,200 | 277,900 |
| Revenue (ttm) | US$ in thousands | 5,240,800 | 5,073,600 | 4,894,300 | 4,628,200 | 4,328,000 | 4,044,600 | 3,755,900 | 3,535,000 | 3,309,700 | 3,108,300 | 2,900,500 | 2,719,400 | 2,586,000 | 2,453,200 | 2,349,600 | 2,255,800 | 2,151,500 | 2,040,600 | 1,947,000 | 1,866,600 |
| Pretax margin | 24.65% | 23.82% | 23.39% | 22.19% | 20.52% | 18.98% | 17.64% | 17.87% | 18.76% | 18.98% | 19.46% | 19.97% | 20.95% | 20.44% | 20.39% | 19.55% | 17.82% | 17.03% | 16.03% | 14.89% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,291,600K ÷ $5,240,800K
= 24.65%
Fortinet Inc's pretax margin has shown a positive trend over the past eight quarters, indicating an improving profitability before taxes. The company's pretax margin has consistently increased from 17.61% in Q1 2022 to 24.35% in Q4 2023. This suggests that Fortinet Inc has been effective in managing its operating expenses and generating stronger operating profits relative to its total revenues. The steady improvement in pretax margin reflects the company's ability to control costs and optimize operational efficiency, which is a positive signal for investors and stakeholders regarding the company's financial performance.
Peer comparison
Dec 31, 2023