Operating Profit Margin
since 2009
Calculation
Fortinet Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 21.95% | = | 100 | × | 969,600) | ÷ | 4,417,400) |
| Dec 31, 2021 | 19.46% | = | 100 | × | 650,400) | ÷ | 3,342,200) |
| Dec 31, 2020 | 20.50% | = | 100 | × | 531,800) | ÷ | 2,594,400) |
| Dec 31, 2019 | 15.96% | = | 100 | × | 344,200) | ÷ | 2,156,200) |
| Dec 31, 2018 | 12.82% | = | 100 | × | 231,000) | ÷ | 1,801,200) |
| Dec 31, 2017 | 7.35% | = | 100 | × | 109,804) | ÷ | 1,494,930) |
| Dec 31, 2016 | 3.37% | = | 100 | × | 42,944) | ÷ | 1,275,443) |
| Dec 31, 2015 | 1.47% | = | 100 | × | 14,877) | ÷ | 1,009,268) |
| Dec 31, 2014 | 7.70% | = | 100 | × | 59,324) | ÷ | 770,364) |
| Dec 31, 2013 | 11.72% | = | 100 | × | 72,090) | ÷ | 615,297) |
| Dec 31, 2012 | 18.83% | = | 100 | × | 100,475) | ÷ | 533,639) |
| Dec 31, 2011 | 20.50% | = | 100 | × | 88,904) | ÷ | 433,576) |
| Dec 31, 2010 | 17.04% | = | 100 | × | 55,341) | ÷ | 324,696) |
| Dec 31, 2009 | 10.05% | = | 100 | × | 25,334) | ÷ | 252,115) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
1 US$ in thousands
Comparison to Competitors
Fortinet Inc., operating profit margin, long-term trends, comparison to competitors
| Fortinet Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 21.95% | 15.21% | 34.64% | 30.15% | -9.82% | 20.20% | 42.06% | 25.74% | -8.46% | -3.43% | 2.07% | 4.90% | 22.87% |
| Dec 31, 2021 | 19.46% | 15.08% | 36.76% | 26.07% | -10.58% | 25.95% | 41.59% | 37.58% | -26.66% | -7.15% | 2.14% | 4.36% | 17.48% |
| Dec 31, 2020 | 20.50% | 14.69% | 32.93% | 24.06% | -30.34% | 28.34% | 37.03% | 35.57% | -107.41% | -5.25% | 1.74% | 4.40% | 16.83% |
| Dec 31, 2019 | 15.96% | 14.59% | 29.25% | 21.05% | — | 27.33% | 34.14% | 34.26% | — | -1.87% | 4.03% | 1.22% | 15.48% |
| Dec 31, 2018 | 12.82% | 14.04% | 31.45% | 18.53% | — | 25.10% | 31.77% | 34.34% | — | -5.68% | 2.25% | -1.63% | 11.54% |
| Dec 31, 2017 | 7.35% | 12.60% | 29.69% | 16.67% | — | 26.95% | 24.82% | 33.69% | — | -10.21% | 0.77% | -5.25% | 12.76% |
| Dec 31, 2016 | 3.37% | 13.82% | 25.51% | 13.49% | — | 26.46% | 23.65% | 34.02% | — | -13.79% | 1.72% | -30.41% | 13.10% |
| Dec 31, 2015 | 1.47% | 13.48% | 18.83% | 16.77% | — | 17.60% | 19.41% | 36.29% | — | -14.39% | -2.71% | -16.55% | 11.88% |
| Dec 31, 2014 | 7.70% | 13.49% | 9.95% | 13.07% | — | 29.16% | 31.97% | 38.56% | — | -36.00% | -7.03% | -22.24% | 12.09% |
| Dec 31, 2013 | 11.72% | 14.27% | 10.42% | 12.94% | — | 29.56% | 34.38% | 39.49% | — | -4.70% | -3.63% | -15.61% | 12.56% |
| Dec 31, 2012 | 18.83% | 13.00% | 26.80% | 15.96% | — | 28.35% | 29.52% | 36.92% | — | 1.53% | -1.55% | -15.42% | 10.82% |
| Dec 31, 2011 | 20.50% | 12.69% | 26.07% | 10.47% | — | 26.15% | 38.83% | 33.78% | — | — | 5.88% | — | 13.86% |
| Dec 31, 2010 | 17.04% | 12.62% | 26.13% | -3.09% | — | 24.98% | 38.57% | 33.79% | — | — | 8.83% | — | 13.33% |
| Dec 31, 2009 | 10.05% | 11.41% | 23.44% | -14.50% | — | 21.43% | 34.85% | 35.79% | — | — | 5.92% | — | 15.31% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).