Fortinet Inc (FTNT)
Interest coverage
| 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 |
| Interest expense (ttm) | US$ in thousands | 20,100 | 20,600 | 19,400 | 19,800 | 20,000 | 20,500 | 20,900 | 21,100 | 21,000 | 20,100 | 19,200 | 18,500 | 18,000 | 18,000 | 18,100 | 18,100 | 14,900 | 12,400 | 10,300 | 9,800 |
| Interest coverage | 112.99 | 110.20 | 118.60 | 113.75 | 103.92 | 91.52 | 75.50 | 66.78 | 64.51 | 65.00 | 64.71 | 60.89 | 54.08 | 45.14 | 38.93 | 36.78 | 43.17 | 48.46 | 55.15 | 55.33 |
December 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $2,271,100K ÷ $20,100K
= 112.99
Peer comparison
Dec 31, 2025
Company name
Symbol
Interest coverage
Fortinet Inc
FTNT
112.99
A10 Network
ATEN
13.61
Calix Inc
CALX
—
CSG Systems International Inc
CSGS
9.71
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FFIV
—
Nutanix Inc
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10.44
Palantir Technologies Inc.
PLTR
—
Palo Alto Networks Inc
PANW
335.23
Progress Software Corporation
PRGS
2.16
Qualys Inc
QLYS
—
Synopsys Inc
SNPS
4.13