Fortinet, Inc. (FTNT) Operating Cash Flow CAGR:22.43%(TTM)
The operating cash flow cagr for Fortinet, Inc. (FTNT) is +22.43% over the latest trailing 12-month period. Operating cash flow CAGR uses precomputed cash-flow statement history (cash from operations, before capital expenditures).
The operating cash flow CAGR for Fortinet, Inc. (FTNT) stock is 22.43% over the past 12 months. The 3 year CAGR is 11.70% and the 5 year CAGR is 21.03%.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Operating cash flow CAGR measures the compound annual growth rate of the cash Fortinet, Inc. generates from its core business operations, before capital expenditures, computed from rolling-twelve-month cash-flow statement history.
FTNT Operating Cash Flow CAGR Chart
Fortinet, Inc. (FTNT)
FTNT Quarterly Operating Cash Flow Growth (YoY)
Operating Cash Flow growth vs the same quarter one year earlier, last 20 quarters.
FTNT Operating Cash Flow CAGR History
| Year | Start OCF | End OCF | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $2.26B | $2.59B | +$332.50M | +14.72% | +14.72% |
| 2024 | $1.94B | $2.26B | +$322.60M | +16.67% | +16.67% |
| 2023 | $1.73B | $1.94B | +$204.90M | +11.84% | +11.84% |
| 2022 | $1.50B | $1.73B | +$230.90M | +15.40% | +15.40% |
| 2021 | $1.08B | $1.50B | +$416.00M | +38.39% | +38.39% |
| 2020 | $808.00M | $1.08B | +$275.70M | +34.12% | +34.12% |
| 2019 | $638.90M | $808.00M | +$169.10M | +26.47% | +26.47% |
| 2018 | $594.40M | $638.90M | +$44.50M | +7.49% | +7.49% |
| 2017 | $345.70M | $594.40M | +$248.70M | +71.94% | +71.94% |
| 2016 | $282.55M | $345.70M | +$63.15M | +22.35% | +22.35% |
| 2015 | $196.58M | $282.55M | +$85.97M | +43.73% | +43.73% |
| 2014 | $147.38M | $196.58M | +$49.20M | +33.38% | +33.38% |
| 2013 | $183.87M | $147.38M | $-36.48M | -19.84% | -19.84% |
| 2012 | $132.84M | $183.87M | +$51.02M | +38.41% | +38.41% |
| 2011 | $103.38M | $132.84M | +$29.46M | +28.50% | +28.50% |
| 2010 | $61.97M | $103.38M | +$41.41M | +66.82% | +66.82% |
| 2009 | $37.69M | $61.97M | +$24.29M | +64.44% | +64.44% |
| 2008 | $27.67M | $37.69M | +$10.02M | +36.20% | +36.20% |
| 2007 | $3.41M | $27.67M | +$24.26M | +711.65% | +711.65% |
Quarterly Operating Cash Flow: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | $1.08B | +73.7% | +24.8% |
| Q4 2025 | $620.20M | -5.3% | +29.9% |
| Q3 2025 | $655.20M | +45.0% | +7.7% |
| Q2 2025 | $451.90M | -47.7% | +32.1% |
| Q1 2025 | $863.30M | +80.8% | +4.0% |
| Q4 2024 | $477.60M | -21.5% | +149.1% |
| Q3 2024 | $608.10M | +77.8% | +10.3% |
| Q2 2024 | $342.00M | -58.8% | -33.6% |
| Q1 2024 | $830.40M | +333.2% | +22.6% |
| Q4 2023 | $191.70M | -65.2% | -63.7% |
| Q3 2023 | $551.20M | +7.0% | +14.1% |
| Q2 2023 | $515.10M | -24.0% | +59.3% |
| Q1 2023 | $677.50M | +28.3% | +71.0% |
| Q4 2022 | $528.10M | +9.3% | +44.0% |
| Q3 2022 | $483.00M | +49.4% | +21.1% |
| Q2 2022 | $323.40M | -18.4% | -22.7% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
About Fortinet, Inc.
Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Ken Xie