Fortinet Inc (FTNT)

Return on equity (ROE)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	1,745,200	1,529,900	1,312,900	1,199,400	1,147,800	1,150,700	1,059,400	966,600	857,300	742,500	674,000	638,000	606,800	554,500	514,800	491,100	488,500	457,000	413,800	372,700
Total stockholders’ equity	US$ in thousands	1,493,800	908,100	288,200	-137,500	-463,400	74,100	321,200	11,400	-281,600	-634,700	-392,900	217,700	781,700	1,118,100	1,050,200	980,800	856,000	713,200	543,900	536,300
ROE		116.83%	168.47%	455.55%	—	—	1,552.90%	329.83%	8,478.95%	—	—	—	293.06%	77.63%	49.59%	49.02%	50.07%	57.07%	64.08%	76.08%	69.49%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,745,200K ÷ $1,493,800K
= 116.83%

Fortinet Inc's return on equity (ROE) has exhibited significant variability over the quarters. Starting at a high of 69.49% in March 2020, the ROE increased to 76.08% in June 2020 before displaying a declining trend. ROE decreased to 57.07% by the end of December 2020. However, there was a slight rebound in the following quarters, stabilizing around 50% from March to June 2021.

Subsequently, Fortinet Inc experienced a surge in ROE, reaching 77.63% by the end of December 2021. The trend continued with an extraordinary increase to 293.06% in the first quarter of 2022. However, the second and third quarters of 2022 were obscured in the data provided.

The return on equity in the first quarter of 2023 skyrocketed to an unprecedented 8,478.95%, indicating exceptional profitability relative to shareholders' equity. This was followed by a notable decline to 329.83% in the second quarter of 2023 and a further decrease to 1,552.90% by the end of September 2023.

In the subsequent periods, the ROE fluctuated, with peaks and valleys, reflecting varying levels of profitability in relation to shareholders' investments. Notably, the return on equity reached 455.55% in June 2024, indicating a strong performance, followed by a decrease to 116.83% by the end of December 2024.

Overall, the analysis of Fortinet Inc's ROE demonstrates fluctuations in profitability and efficiency in generating returns for shareholders over the quarters, suggesting varying levels of financial performance and operational effectiveness.