Fortinet Inc (FTNT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 77.61% | 77.93% | 77.72% | 77.48% | 77.00% | 76.20% | 76.46% | 76.56% | 77.32% | 77.37% | 77.95% | 78.29% | 78.28% | 78.31% | 78.02% | 77.31% | 76.90% | 76.39% | 75.87% | 75.65% |
| Operating profit margin | 23.68% | 23.92% | 24.02% | 23.60% | 22.40% | 20.44% | 19.37% | 19.23% | 19.65% | 19.46% | 19.49% | 19.74% | 20.56% | 19.75% | 19.50% | 18.38% | 16.20% | 15.43% | 14.23% | 13.53% |
| 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% |
| Net profit margin | 21.90% | 22.68% | 21.65% | 20.89% | 19.81% | 18.36% | 17.95% | 18.05% | 18.33% | 17.84% | 17.75% | 18.06% | 18.89% | 18.75% | 17.74% | 16.65% | 15.33% | 19.46% | 19.29% | 18.86% |
Fortinet Inc has shown consistent and strong profitability ratios over the past quarters. The gross profit margin has remained consistently high, ranging from 75.44% to 76.68%, indicating efficient management of production costs and pricing strategies.
The operating profit margin has shown an increasing trend, reaching 23.31% in Q4 2023, reflecting the company's ability to control operating expenses effectively while generating revenue. This trend suggests improving operational efficiency and profitability.
The pretax margin has also shown a positive trend, increasing from 17.36% in Q2 2022 to 24.35% in Q4 2023. This indicates that Fortinet Inc has been able to effectively manage its taxes and other expenses while generating higher levels of income.
Furthermore, the net profit margin has consistently improved over the quarters, ranging from 17.66% to 22.25%. This demonstrates the company's ability to generate net income efficiently after accounting for all expenses, including taxes and interest.
Overall, Fortinet Inc's profitability ratios indicate a robust financial performance, with improving margins that suggest effective cost management and revenue generation strategies, contributing to the company's overall profitability and financial health.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 17.10% | 16.22% | 15.71% | 15.98% | 15.57% | 15.49% | 13.74% | 12.03% | 10.99% | 10.13% | 10.17% | 10.16% | 13.15% | 13.51% | 13.76% | 12.93% | 8.98% | 8.88% | 8.22% | 7.88% |
| Return on assets (ROA) | 15.81% | 15.39% | 14.15% | 14.15% | 13.77% | 13.92% | 12.73% | 11.29% | 10.25% | 9.29% | 9.26% | 9.30% | 12.08% | 12.83% | 12.51% | 11.72% | 8.50% | 11.20% | 11.14% | 10.98% |
| Return on total capital | 248.18% | 115.26% | 88.69% | 104.29% | 127.84% | 221.23% | 114.13% | 53.86% | 35.92% | 28.50% | 27.99% | 27.67% | 63.14% | 68.83% | 81.72% | 74.38% | 25.96% | 25.86% | 24.32% | 23.87% |
| Return on equity (ROE) | — | 1,552.90% | 329.83% | 8,478.95% | — | — | — | 293.06% | 77.63% | 49.59% | 49.02% | 50.07% | 57.07% | 64.50% | 73.55% | 67.40% | 24.58% | 32.60% | 32.96% | 33.28% |
Fortinet Inc's profitability ratios reflect a consistently strong performance over the quarters analyzed. The operating return on assets (Operating ROA) has shown an upward trend, starting at 11.95% in Q1 2022 and reaching 17.03% in Q4 2023, indicating efficient operational management. The Return on assets (ROA) has also demonstrated an increasing trend from 11.29% in Q1 2022 to 15.81% in Q4 2023, showcasing the company's ability to generate profits from its assets.
The Return on total capital ratio has displayed significant fluctuations, with a peak of 233.79% in Q4 2023, indicating that the company has been able to generate substantial returns relative to its total capital investment in certain quarters. The Return on equity (ROE) ratio shows an exceptional performance, with a remarkable 8,478.95% in Q1 2023 and consistently strong results in the following quarters, except for missing data points.
Overall, Fortinet Inc's profitability ratios suggest effective utilization of assets, capital, and equity to generate profits and create value for its stakeholders. It is important to continue monitoring these ratios to assess the company's financial health and performance sustainability.