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 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
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | — | 31.06% | 30.45% | 26.56% | 24.37% |
| Accenture plc (ACN) | $104.93B | 14.81% | 14.73% | 14.61% | 14.70% |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | 31.11% | 30.13% | 30.25% | 28.52% |
| Adobe Inc. (ADBE) | $94.61B | 36.65% | 33.99% | 34.22% | 34.73% |
| ServiceNow, Inc. (NOW) | $109.38B | 13.44% | 13.08% | 9.89% | 8.05% |
| Synopsys, Inc. (SNPS) | $87.82B | 8.36% | 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) | $77.74B | 27.47% | 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
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 30.62% |
| 2024-12-31 | 30.28% |
| 2023-12-31 | 23.40% |
| 2022-12-31 | 21.95% |
| 2021-12-31 | 19.46% |
| 2020-12-31 | 20.50% |
| 2019-12-31 | 16.23% |
| 2018-12-31 | 12.99% |
| 2017-12-31 | 7.34% |
| 2016-12-31 | 3.36% |
| 2015-12-31 | 1.47% |
| 2014-12-31 | 7.70% |
| 2013-12-31 | 11.72% |
| 2012-12-31 | 18.83% |
| 2011-12-31 | 20.50% |
| 2010-12-31 | 17.04% |
| 2009-12-31 | 10.05% |
| 2008-12-31 | 2.33% |
| 2007-12-31 | -13.89% |
| 2006-12-31 | -4.86% |
Related Metrics
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