Fortinet Inc (FTNT) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Fortinet Inc (FTNT) has a cash flow conversion efficiency ratio of 0.501x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($620.20 Million) by net assets ($1.24 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See FTNT net asset quality score to measure how much of total assets are equity-financed.
Fortinet Inc - Cash Flow Conversion Efficiency Trend (2007–2025)
This chart illustrates how Fortinet Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Fortinet Inc earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
Fortinet Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Fortinet Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
NetEase Inc
F:NEH
|
0.080x |
|
Air Products and Chemicals Inc
NYSE:APD
|
0.050x |
|
Barrick Gold Corp
TO:ABX
|
0.080x |
|
AB Volvo (publ)
ST:VOLV-B
|
0.056x |
|
Hewlett Packard Enterprise Co
NYSE:HPE
|
0.056x |
|
Barrick Mining Corporation
NYSE:B
|
0.071x |
|
Vale S.A
MX:VALEN
|
0.050x |
|
Luxshare Precision Industry Co Ltd
SHE:002475
|
0.051x |
Annual Cash Flow Conversion Efficiency for Fortinet Inc (2007–2025)
The table below shows the annual cash flow conversion efficiency of Fortinet Inc from 2007 to 2025. For the full company profile with market capitalisation and key ratios, see FTNT market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $1.24 Billion | $2.59 Billion | 2.093x | +38.49% |
| 2024-12-31 | $1.49 Billion | $2.26 Billion | 1.512x | +136.19% |
| 2023-12-31 | $-463.40 Million | $1.94 Billion | -4.177x | +32.04% |
| 2022-12-31 | $-281.60 Million | $1.73 Billion | -6.146x | -427.18% |
| 2021-12-31 | $798.40 Million | $1.50 Billion | 1.878x | +48.37% |
| 2020-12-31 | $856.00 Million | $1.08 Billion | 1.266x | +110.33% |
| 2019-12-31 | $1.34 Billion | $808.00 Million | 0.602x | -4.83% |
| 2018-12-31 | $1.01 Billion | $638.90 Million | 0.632x | -37.29% |
| 2017-12-31 | $589.40 Million | $594.40 Million | 1.008x | +144.37% |
| 2016-12-31 | $837.68 Million | $345.70 Million | 0.413x | +10.33% |
| 2015-12-31 | $755.38 Million | $282.55 Million | 0.374x | +28.62% |
| 2014-12-31 | $675.97 Million | $196.58 Million | 0.291x | +15.58% |
| 2013-12-31 | $585.76 Million | $147.38 Million | 0.252x | -30.08% |
| 2012-12-31 | $510.93 Million | $183.87 Million | 0.360x | -2.92% |
| 2011-12-31 | $358.35 Million | $132.84 Million | 0.371x | -16.65% |
| 2010-12-31 | $232.45 Million | $103.38 Million | 0.445x | +2.23% |
| 2009-12-31 | $142.45 Million | $61.97 Million | 0.435x | +106.04% |
| 2008-12-31 | $-5.23 Million | $37.69 Million | -7.207x | -392.95% |
| 2007-12-31 | $-18.93 Million | $27.67 Million | -1.462x | -- |
About Fortinet Inc
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network solutions; and secure… Read more