Fortinet Revenue, Profits - FTNT Annual Income Statement

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$65.08 $0.76 (1.18%) FTNT stock closing price Jun 20, 2018 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Fortinet stock price. In the income statement, an investor can check for important parameters like the topline or sales, the bottomline or profits, the basic EPS, dividends etc. The income statement for FTNT which shows a YOY revenue growth of 17.21% is specific to a period of time. Investors typically check YoY or QoQ revenue growth. One also needs to look at Fortinet assets, operating expenses and Fortinet free cash flow. The Fortinet profit and loss statement shows revenue of $1.49B for 2017. Revenue has grown by 17.21% YOY for FTNT stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Fortinet Revenues or Net Sales
1.49B1.28B1.01B770.36M615.29M533.63M433.57M324.69M252.11M211.79M
Cost Of Goods Sold (COGS)385.28M337.83M286.77M231M180.64M147.42M113.59M85.2M69.97M65.47M
Fortinet Gross Profit
1.11B937.6M722.49M539.35M434.65M386.21M319.97M239.49M182.14M146.31M
Research & Development Expense210.61M183.08M158.12M122.88M102.66M81.07M63.57M49.8M42.19M37.03M
Selling General & Admin Expense789.22M711.57M549.48M357.15M259.9M204.66M167.49M134.34M114.61M104.35M
Income Before Depreciation Depletion Amortization109.8M42.94M14.87M59.32M72.09M100.47M88.9M55.34M25.33M4.92M
Depreciation Depletion Amortization----------
Non Operating Income14.19M-2.12M2.22M3.85M4.52M3.16M1M2.17M4.32M
Interest Expense----------
Fortinet Pretax Income
123.99M43.14M17M61.54M75.94M104.99M92.07M56.34M27.51M9.25M
Provision for Income Taxes92.59M10.96M9.01M36.2M31.66M38.16M29.58M15.09M-32.66M1.88M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations31.39M32.18M7.98M25.34M44.27M66.83M62.49M41.24M60.17M7.36M
Extraordinary Items & Discontinued Operations----------
Fortinet Profit/ Loss (Net Income)
31.39M32.18M7.98M25.34M44.27M66.83M62.49M41.24M60.17M7.36M
Average Shares used to compute Diluted EPS178.08M176.34M176.14M169.29M168.18M166.33M163.78M156.41M130.44M134.24M
Average Shares used to compute Basic EPS174.32M172.62M170.39M163.83M162.44M158.07M152.58M140.73M52.67M40.03M
Income Before Nonrecurring Items91.4M46.15M24.04M42.48M44.36M65.57M62.18M41.25M30.48M11.6M
Income from Nonrecurring Items-60M-13.96M-16.06M-17.14M-0.09M1.26M--29.7M-4.24M
Fortinet Earnings Per Share Basic Net
0.180.190.050.150.270.420.410.300.970.19
Fortinet Earnings Per Share Diluted Net
0.180.180.050.150.260.400.380.270.390.06
EPS Diluted Before Nonrecurring Items0.520.260.140.250.260.390.380.270.170.09
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.000.000.000.000.000.000.000.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Fortinet stock analysis. It helps to look at the following income statement items:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that FTNT stock has a topline or revenue of $1.49B for 2017 as per this Fortinet revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: Most businesses like Fortinet try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called statement of revenue and expense. The FTNT financials along with Fortinet historical stock prices provide a lot of details about the firm.

Fortinet Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
185.94
PS Ratio (price sales ratio)
7.03
Operating Margin
8.1
Net Profit Margin
10.4
Dividend Yield
0%