Fortinet Inc (FTNT)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,745,200 | 1,147,800 | 857,300 | 606,800 | 488,500 |
| Total stockholders’ equity | US$ in thousands | 1,493,800 | -463,400 | -281,600 | 781,700 | 856,000 |
| ROE | 116.83% | — | — | 77.63% | 57.07% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,745,200K ÷ $1,493,800K
= 116.83%
Fortinet Inc's return on equity (ROE) has shown a positive trend over the years, increasing from 57.07% in December 31, 2020, to 77.63% in December 31, 2021, and further to 116.83% by December 31, 2024. The significant rise in ROE indicates that the company is effectively generating profit from the shareholders' equity invested in the business. However, it's worth noting that there is missing data for the years 2022 and 2023, which may limit a comprehensive assessment of the company's performance during those specific periods. Overall, the upward trajectory of Fortinet Inc's ROE suggests efficient utilization of equity capital to drive earnings growth and create value for shareholders.
Peer comparison
Dec 31, 2024