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Fortinet, Inc. (FTNT) Operating Margin: 31.06%

Is Fortinet, Inc.’s operating margin high or low?

Fortinet, Inc.'s operating margin of 31.06% is 27% above its 5-year average of 24.37%, near the high end of its 5-year range (19.46%–30.62%).

The operating margin for Fortinet, Inc. (FTNT) is 31.06% as of Wednesday, June 10, 2026. It is above its 12-month average by 2.00% (30.45%).

FTNT Operating Margin Chart

FTNT Operating Margin
30.62%+1.12% 1Y
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FTNT Average Operating Margin Chart

FTNT Current vs Average Operating Margin Chart

FTNT Operating Margin Metrics

OPERATING MARGIN

31.06%

OPERATING MARGIN AVG TTM

30.45%

OPERATING MARGIN AVG 3Y

26.56%

OPERATING MARGIN AVG 5Y

24.37%

OPERATING MARGIN AVG 10Y

17.05%

OPERATING MARGIN AVG 15Y

16.46%

OPERATING MARGIN AVG 20Y

12.85%

CURRENT VS TTM AVG

+2.00%

CURRENT VS 3Y AVG

+16.93%

CURRENT VS 5Y AVG

+27.46%

CURRENT VS 10Y AVG

+82.12%

CURRENT VS 15Y AVG

+88.68%

CURRENT VS 20Y AVG

+141.69%

FTNT Competitors' Operating Margin

NAMEMARKET CAPOPERATING MARGINTTM3Y5Y
Fortinet, Inc. (FTNT)31.06%30.45%26.56%24.37%
Accenture plc (ACN)$104.93B14.81%14.73%14.61%14.70%
Cadence Design Systems, Inc. (CDNS)$105.80B31.11%30.13%30.25%28.52%
Adobe Inc. (ADBE)$94.61B36.65%33.99%34.22%34.73%
ServiceNow, Inc. (NOW)$109.38B13.44%13.08%9.89%8.05%
Synopsys, Inc. (SNPS)$87.82B8.36%17.55%20.98%19.71%
Snowflake Inc. (SNOW)$83.15B-26.11%-35.39%-37.64%-50.18%
Datadog, Inc. (DDOG)$81.03B-0.67%0.36%-1.08%-1.41%
Intuit Inc. (INTU)$77.74B27.47%24.21%22.62%24.13%
Cloudflare, Inc. (NET)$77.62B-9.27%-9.41%-13.44%-16.33%

Operating Efficiency

Gross Margin

80.7%

Operating Margin

31.1%

Fortinet, Inc. Operating Margin Formula & Definition

Operating Margin = Operating Income / Revenue

Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Fortinet, Inc. Operating Margin FAQ

What is the operating margin for Fortinet, Inc. (FTNT)?
The operating margin for FTNT stock is 31.06%.
Is Fortinet, Inc.'s operating margin high or low?
Fortinet, Inc.'s operating margin of 31.06% is 27% above its 5-year average of 24.37%, near the high end of its 5-year range (19.46%–30.62%).
What is the TTM average operating margin for Fortinet, Inc. (FTNT)?
The TTM average operating margin for FTNT stock is 30.45%.
What is the 3Y average operating margin for Fortinet, Inc. (FTNT)?
The 3Y average operating margin for FTNT stock is 26.56%.
What is the 5Y average operating margin for Fortinet, Inc. (FTNT)?
The 5Y average operating margin for FTNT stock is 24.37%.
What is the 10Y average operating margin for Fortinet, Inc. (FTNT)?
The 10Y average operating margin for FTNT stock is 17.05%.
What is the 15Y average operating margin for Fortinet, Inc. (FTNT)?
The 15Y average operating margin for FTNT stock is 16.46%.
What is the 20Y average operating margin for Fortinet, Inc. (FTNT)?
The 20Y average operating margin for FTNT stock is 12.85%.

Fortinet, Inc. Operating Margin History

DATEOPERATING MARGIN
2025-12-3130.62%
2024-12-3130.28%
2023-12-3123.40%
2022-12-3121.95%
2021-12-3119.46%
2020-12-3120.50%
2019-12-3116.23%
2018-12-3112.99%
2017-12-317.34%
2016-12-313.36%
2015-12-311.47%
2014-12-317.70%
2013-12-3111.72%
2012-12-3118.83%
2011-12-3120.50%
2010-12-3117.04%
2009-12-3110.05%
2008-12-312.33%
2007-12-31-13.89%
2006-12-31-4.86%

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.

Sunnyvale, CA
14,556 employees
Technology / Software - Infrastructure
Sector
Technology
Industry
Software - Infrastructure
CEO
Ken Xie