Fortinet Inc (FTNT)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,798,800 | 1,241,100 | 973,500 | 643,300 | 491,600 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,493,800 | -463,400 | -281,600 | 781,700 | 856,000 |
| Return on total capital | 120.42% | — | — | 82.29% | 57.43% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,798,800K ÷ ($—K + $1,493,800K)
= 120.42%
Fortinet Inc's return on total capital has shown a positive trend over the years. In December 2020, the return on total capital stood at 57.43%, which increased significantly to 82.29% by December 2021. The data for December 2022 and 2023 are unavailable. However, by December 2024, the return on total capital further improved to 120.42%. This indicates that Fortinet Inc has been efficiently utilizing its total capital to generate returns for its stakeholders, showcasing strong performance and effective capital management.
Peer comparison
Dec 31, 2024
Company name
Symbol
Return on total capital
Fortinet Inc
FTNT
120.42%
Corsair Gaming Inc
CRSR
-8.02%
Palo Alto Networks Inc
PANW
19.28%
Xerox Corp
XRX
-92.10%