Keuangan Fortinet (FTNT)
NASDAQ · Technology · Software - Infrastructure · Karyawan: 15.109 · CEO: Ken Xie
- Harga
- $136,08 -2,17%
- Kapitalisasi pasar
- $99,8 M
- Nilai perusahaan
- $96,6 M
- Laporan terakhir
- Q3 '26 diajukan 2026-10-30
- Laporan berikutnya
- 2027-02-04 Estimasi EPS: $0,92
Pendapatan (TTM)$7,88 M+20,2% vs tahun lalu4 kuartal terakhir; batang = tiap kuartal
Margin operasional (TTM)33,0%+2,0 poin vs tahun laluLaba operasional: $2,6 M
Laba bersih (TTM)$2,28 M+21,8% vs tahun laluSetelah pajak, termasuk keuntungan non-operasional
Arus kas bebas (TTM)$3,43 M+69,2% vs tahun laluCapex: $256 jt
EPS dilusian (TTM)$3,08+26,7% vs tahun laluJumlah 4 kuartal terakhir
Kas neto$4,3 M+102,2% vs tahun laluKas + investasi jangka pendek - utang
Valuasi & angka utama
- Kapitalisasi pasar
- $99,8 M EV $96,6 M
- Pendapatan
- $7,88 M 12 bulan terakhir
- Pertumbuhan pendapatan
- +20% Konsensus FY2026
- Margin laba
- 29,0% Laba bersih / pendapatan, TTM
- P/E
- 43,9× Forward 38,3× (FY2026)
- P/S
- 12,7× Harga / penjualan, TTM
- EV / EBITDA
- 32,7× TTM
- Arus kas bebas
- $3,43 M 12 bulan terakhir
- Laba bersih
- $2,28 M 12 bulan terakhir
- Estimasi pendapatan
- $8,17 M Konsensus FY2026
- Laba
- 2027-02-04 Estimasi pendapatan: $2,2 M
- Dividen
- – Tanpa dividen
Poin-poin utama
Dihitung dari angka yang dilaporkan - setiap pernyataan menyertakan angka yang mendasarinya.
- Laporan terakhir (2026-10-28): pendapatan melampaui 0,7%, EPS melampaui 5,8%Pendapatan $2,08 M vs $2,06 M yang diharapkan (+0,7%); EPS $0,91 vs $0,86 (+5,8%).
- Pertumbuhan pendapatan menguat: 20,5% yoyPendapatan Q3 '26: $2,08 M, rata-rata empat kuartal sebelumnya: 18,7%.
- Margin operasional 33,0% (TTM), dibanding tahun lalu: +2,0 poinLaba operasional tumbuh 28,0%, pendapatan tumbuh 20,2%.
- Capex: 3,2% dari pendapatan (tahun lalu 6,4%)$256 jt diinvestasikan dalam 4 kuartal terakhir (-39,1% dibanding tahun sebelumnya). Arus kas bebas: $3,43 M = 150,3% dari laba bersih.
- $1,03 M dikembalikan ke pemegang saham = 30,0% dari arus kas bebasBuyback: $1,03 M (tahun lalu $2,23 M), dividen: $0, kompensasi saham: $305 jt (TTM).
- Jumlah saham dilusian turun dalam setahun: 3,6%Saham dilusian pada Q3 '26: 743 jt, setahun sebelumnya: 770 jt.
- Kas neto: $4,3 MKas + investasi jangka pendek: $4,8 M, utang termasuk sewa: $497 jt; tahun lalu kas neto: $2,13 M.
Kuartal terakhir: Q3 '26
Kuartal berakhir 2026-09-30. Dibandingkan dengan kuartal yang sama tahun lalu dan konsensus analis sebelum laporan.
Kuartal vs tahun lalu
| Q3 '26 | Tahun lalu | Perubahan | |
|---|---|---|---|
| Pendapatan | $2,08 M | $1,72 M | +20,5% |
| Margin kotor | 79,0% | 81,5% | -2,6 poin |
| Laba operasional | $704 jt | $546 jt | +29,0% |
| Margin operasional | 33,9% | 31,6% | +2,2 poin |
| Laba bersih | $636 jt | $474 jt | +34,1% |
| EPS dilusian | $0,86 | $0,62 | +38,7% |
| Arus kas operasional | $946 jt | $655 jt | +44,4% |
| Capex | $64,2 jt | $87,7 jt | -26,8% |
| Arus kas bebas | $882 jt | $568 jt | +55,4% |
| R&D | $213 jt | $202 jt | +5,4% |
| Kompensasi berbasis saham | $80,1 jt | $71,8 jt | +11,6% |
Dilaporkan vs konsensus
2026-10-28| Aktual | Konsensus | vs konsensus | |
|---|---|---|---|
| Pendapatan | $2,08 M | $2,06 M | +0,7% |
| EPS (basis konsensus) | $0,91 | $0,86 | +5,8% |
Dari laporan 2026-10-28 untuk Q3 '26: pendapatan dan EPS yang diperkirakan analis (sering disesuaikan), sehingga bisa berbeda dari EPS laporan keuangan di atas.
EPS vs konsensus
8 laporan terakhirPendapatan
Dari mana uang berasal - menurut lini bisnis dan wilayah, kuartal demi kuartal.
Pendapatan, laba operasional, dan pertumbuhan
kuartalanPendapatan per lini bisnis
bertumpuk, kuartalan| Segmen | Q3 '26 | yoy | Porsi | TTM | TTM yoy | 12 kuartal |
|---|---|---|---|---|---|---|
| Product | $765 jt | +36,8% | 36,8% | $2,87 M | +36,8% | |
| Security Subscription | $754 jt | +12,1% | 36,3% | $2,87 M | +11,9% | |
| Technical Support and Other | $560 jt | +13,4% | 26,9% | $2,14 M | +13,1% |
Pendapatan per wilayah
porsi dari total| Segmen | Q3 '26 | yoy | Porsi | TTM | TTM yoy | 12 kuartal |
|---|---|---|---|---|---|---|
| Europe, Middle East and Africa | $881 jt | +23,4% | 42,4% | $3,36 M | +24,5% | |
| Americas | $820 jt | +20,5% | 39,5% | $3,1 M | +17,6% | |
| Asia Pacific and Japan | $377 jt | +14,1% | 18,2% | $1,42 M | +16,5% |
Margin & struktur biaya
Berapa bagian dari setiap unit pendapatan yang tersisa di tiap tingkat - dan ke mana biaya mengalir.
Margin
kuartalanBiaya sebagai % pendapatan
kuartalanArus kas & alokasi modal
Kas yang dihasilkan, untuk apa kas itu digunakan, dan apa yang sampai ke pemegang saham.
Arus kas operasional, capex, arus kas bebas
kuartalanPenggunaan kas vs arus kas operasional
tahun fiskal4 kuartal terakhir
laporan arus kas- Arus kas operasional
- $3,69 M
- Capex
- -$256 jt
- Buyback
- -$1,03 M
- Dividen
- $0
- Akuisisi
- -$9,8 jt
- Utang neto diterbitkan
- -$500 jt
- Kompensasi berbasis saham
- $305 jt
- Arus kas bebas
- $3,43 M
- Dikembalikan ke pemegang saham / FCF
- 30,0%
Jumlah saham dan EPS
kuartalan, dilusianNeraca
Likuiditas, investasi, dan utang pada akhir setiap kuartal.
Kas, investasi, dan utang
akhir kuartalValuasi & imbal hasil
Multiple saat ini dibandingkan lima tahun fiskal terakhir perusahaan itu sendiri; target dan peringkat analis.
Multiple dan imbal hasil
TTM vs 5 tahun fiskal| Sekarang | Rata-rata 5 th | Posisi saat ini dalam rentang 5 tahun | |
|---|---|---|---|
| P/E (TTM) | 43,9× | 51,2× | 32,5× – 97,1× |
| EV / EBITDA | 32,7× | 40,3× | 23,3× – 80,1× |
| EV / Penjualan | 12,3× | 11,0× | 8,5× – 17,5× |
| Harga / FCF | 29,1× | 33,3× | 26,3× – 48,7× |
| Harga / Nilai buku | 44,5× | 57,0× 3 dari 5 tahun | 47,7× – 75,0× |
| Imbal hasil FCF | 3,4% | 3,2% | 2,1% – 3,8% |
| Imbal hasil modal yang diinvestasikan | 31,1% | 26,9% | 17,7% – 31,2% |
| Imbal hasil ekuitas | 151,5% | -41,6% | -304,4% – 149,8% |
Analis
Target konsensus $151,96 (+11,7%)
rentang $100,00 – $210,00 · peringkat Hold
Beli kuat0
Beli28
Tahan35
Jual6
Jual kuat0
Prospek
Konsensus analis untuk tahun fiskal mendatang dan implikasinya pada harga saat ini.
Estimasi konsensus
| Tahun fiskal | Pendapatan | Pertumbuhan | EPS | Pertumbuhan | P/E pada harga saat ini | Analis (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $8,17 M | +20,2% | $3,56 | +46,4% | 38,3× | 24 |
| FY2027 | $9,1 M | +11,3% | $3,88 | +9,0% | 35,1× | 26 |
| FY2028 | $10,1 M | +11,0% | $4,37 | +12,6% | 31,2× | 10 |
| FY2029 | $11,4 M | +13,2% | $3,59 | -17,8% | 37,9× | 4 |
| FY2030 | $12,2 M | +6,7% | $3,81 | +6,2% | 35,7× | 4 |
Laporan keuangan
Setiap baris laporan laba rugi, neraca, dan laporan arus kas - 12 kuartal dan 10 tahun fiskal, sebagai nilai, % pendapatan, atau pertumbuhan.
Semua pos yang dilaporkan
Semua 260 angka yang ditandai Fortinet, Inc. dalam laporan 10-Q / 10-K terbarunya, dengan label dan definisi resmi SEC - termasuk catatan (sewa, pajak, buyback, karyawan, ...).
| Pos (label SEC) | Kuartal terakhir | Tahun lalu | yoy | FY terakhir | FY sebelumnya | yoy |
|---|---|---|---|---|---|---|
| $0 | $0 | – | – | – | – | |
| $6,7 jt2026-06-30 | $800 rb | +737,5% | – | – | – | |
| Accounts Payable, Current | $430 jt | $221 jt | +94,4% | $231 jt | $191 jt | +20,9% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1,46 M | $1,17 M | +25,1% | $1,69 M | $1,46 M | +15,6% |
| Accounts Receivable, Allowance for Credit Loss | $7,4 jt2025-12-31 | $5,9 jt | +25,4% | $7,4 jt | $5,9 jt | +25,4% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $4 jt | $7,9 jt | -49,4% | $33,7 jt | $48,8 jt | -30,9% |
| Accrued Liabilities, Current | $380 jt | $331 jt | +15,0% | $355 jt | $338 jt | +4,9% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $554 jt | $462 jt | +19,7% | $482 jt | $416 jt | +15,8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$32,4 jt | -$21,8 jt | -48,6% | -$25,4 jt | -$26,1 jt | +2,7% |
| Additional Paid in Capital, Common Stock | $1,96 M | $1,71 M | +14,3% | $1,77 M | $1,64 M | +8,2% |
| Amortization of Intangible Assets | $8,9 jt | $13,1 jt | -32,1% | $50,7 jt | $23,1 jt | +119,5% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 100 rb | 3,1 jt | -96,8% | 2,6 jt | 2,8 jt | -7,1% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $80,1 jt | $71,8 jt | +11,6% | $280 jt | $258 jt | +8,4% |
| Assets | $11,9 M | $9,36 M | +27,6% | $10,4 M | $9,76 M | +6,4% |
| Assets, Current | $7,11 M | $4,91 M | +44,7% | $5,9 M | $5,97 M | -1,2% |
| Business Combination, Consideration Transferred, Liabilities Incurred | – | – | – | $4,6 jt | $6,2 jt | -25,8% |
| Capital Expenditures Incurred but Not yet Paid | -$7,7 jt | $8,3 jt | -192,8% | $25,6 jt | $23 jt | +11,3% |
| Capitalized Contract Cost, Amortization | $99,3 jt | $86 jt | +15,5% | $336 jt | $294 jt | +14,5% |
| Capitalized Contract Cost, Impairment Loss | – | – | – | $0 | $0 | – |
| Capitalized Contract Cost, Net | $815 jt | $682 jt | +19,5% | $736 jt | $623 jt | +18,1% |
| Cash and Cash Equivalents, at Carrying Value | $3,75 M | $2 M | +87,9% | $2,5 M | $2,88 M | -13,2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3,75 M | $2 M | +87,9% | $2,5 M | $2,88 M | -13,2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $816 jt | -$1,37 M | +159,4% | -$381 jt | $1,48 M | -125,8% |
| Common Stock, Capital Shares Reserved for Future Issuance | 63,5 jt2025-12-31 | 68,2 jt | -6,9% | 63,5 jt | 68,2 jt | -6,9% |
| Common Stock, Par or Stated Value Per Share | $0,00 | $0,00 | 0,0% | $0,00 | $0,00 | 0,0% |
| Common Stock, Shares Authorized | 1,5 M | 1,5 M | 0,0% | 1,5 M | 1,5 M | 0,0% |
| Common Stock, Shares, Issued | 735 jt | 743 jt | -1,1% | 743 jt | 767 jt | -3,1% |
| Common Stock, Shares, Outstanding | 735 jt | 743 jt | -1,1% | 743 jt | 767 jt | -3,1% |
| Common Stock, Value, Issued | $700 rb | $700 rb | 0,0% | $700 rb | $800 rb | -12,5% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $632 jt | $473 jt | +33,7% | $1,85 M | $1,74 M | +6,7% |
| Contract with Customer, Liability, Current | $3,96 M | $3,46 M | +14,5% | $1,16 M2019-12-31 | – | – |
| Contract with Customer, Liability, Noncurrent | $3,97 M | $3,19 M | +24,6% | $953 jt2019-12-31 | – | – |
| Contract with Customer, Liability, Revenue Recognized | – | – | – | $3,26 M | $2,84 M | +14,8% |
| Contract with Customer, Refund Liability, Current | $52 jt2025-12-31 | $71,8 jt | -27,6% | $52 jt | $71,8 jt | -27,6% |
| Cost of Goods and Services Sold | $438 jt | $332 jt | +31,9% | $1,33 M | $1,16 M | +14,8% |
| Current Federal Tax Expense (Benefit) | – | – | – | $295 jt | $444 jt | -33,7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $54,3 jt | $36,8 jt | +47,6% |
| Current Income Tax Expense (Benefit) | – | – | – | $371 jt | $507 jt | -26,8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $21,9 jt | $25,8 jt | -15,1% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $2,9 jt | $4,1 jt | -29,3% | $3,7 jt | $5,7 jt | -35,1% |
| Debt Securities, Available-for-sale | $1,54 M | $1,32 M | +16,5% | $1,33 M | $1,13 M | +18,0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $0 | $1,1 jt | -100,0% | $1,5 jt | $700 rb | +114,3% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $7,5 jt | $200 rb | +3.650,0% | $100 rb | $300 rb | -66,7% |
| Debt Securities, Available-for-sale, Amortized Cost | $1,54 M | $1,32 M | +17,2% | $1,33 M | $1,13 M | +17,9% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $1,4 jt | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $0 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $1,54 M | $1,32 M | +16,4% | $1,33 M | $252 jt | +428,1% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $7,5 jt | $200 rb | +3.650,0% | $100 rb | $300 rb | -66,7% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $1,02 M | $1,03 M | -1,2% | $989 jt | $1,13 M | -12,2% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $1,54 M | $1,32 M | +16,5% | $1,33 M | $252 jt | +428,1% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $7,5 jt | $200 rb | +3.650,0% | $100 rb | $300 rb | -66,7% |
| Debt Securities, Held-to-Maturity, Transfer to Available-for-Sale, Allowance for Credit Loss, Expense | – | – | – | $0 | $0 | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $56,8 jt | -$211 jt | +127,0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$400 rb | $200 rb | -300,0% |
| Deferred Income Tax Assets, Net | $1,31 M | $1,37 M | -4,5% | $1,31 M | $1,34 M | -1,5% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $68,3 jt | -$223 jt | +130,6% |
| Deferred Revenue, Current | $3,64 M2025-12-31 | $3,28 M | +11,0% | $3,64 M | $3,28 M | +11,0% |
| Deferred Revenue, Noncurrent | $3,48 M2025-12-31 | $3,08 M | +12,8% | $3,48 M | $3,08 M | +12,8% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $11,9 jt | -$12,4 jt | +196,0% |
| Deferred Tax Assets, Deferred Income | $694 jt2025-12-31 | $651 jt | +6,6% | $694 jt | $651 jt | +6,6% |
Sumber: SEC companyfacts (XBRL setiap 10-Q / 10-K). Kuartal arus kas dihitung dari angka kumulatif tahun berjalan yang ditandai dalam 10-Q. Rincian segmen ditandai dengan dimensi dan ditampilkan di bagian segmen.
Sumber
Laporan keuangan, pendapatan segmen, metrik, estimasi: Financial Modeling Prep. Laba segmen dan setiap pos yang dilaporkan: SEC EDGAR (XBRL). Laporan yang dibaca: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data per 2026-11-01