Fortinet Inc (FTNT)

Return on total capital

Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 2,271,100 2,270,200 2,300,800 2,252,200 2,078,500 1,876,200 1,578,000 1,409,100 1,354,700 1,306,400 1,242,400 1,126,400 973,500 812,600 704,700 665,800 643,300 600,900 568,000 542,200
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,237,500 735,100 2,060,400 1,962,900 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
Return on total capital 183.52% 308.83% 111.67% 114.74% 139.14% 206.61% 547.54% 1,763.02% 386.80% 9,880.70% 305.83% 82.29% 53.74% 54.08% 55.28%

December 31, 2025 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,271,100K ÷ ($—K + $1,237,500K)
= 183.52%