Fortinet Inc (FTNT) — Cash Flow Quality Index
Fortinet Inc (FTNT) has a Cash Flow Quality Index of 0.33x as of December 2025. Operating cash flow of $620.20 Million is below net income of $1.85 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Fortinet Inc long-term investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Fortinet Inc Cash Flow Quality Index (2008–2025)
Historical Cash Flow Quality Index for Fortinet Inc across 18 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check how tangible is Fortinet Inc's equity to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Fortinet Inc (2008–2025)
Year-by-year earnings quality comparison for Fortinet Inc. For live market cap and the full company financial profile, see Fortinet Inc stock valuation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.40x | $2.59 Billion | $1.85 Billion | ▲ +8.0% |
| 2024 | 1.29x | $2.26 Billion | $1.75 Billion | ▼ -23.3% |
| 2023 | 1.69x | $1.94 Billion | $1.15 Billion | ▼ -16.5% |
| 2022 | 2.02x | $1.73 Billion | $856.60 Million | ▼ -18.3% |
| 2021 | 2.47x | $1.50 Billion | $606.70 Million | ▲ +11.4% |
| 2020 | 2.22x | $1.08 Billion | $488.50 Million | ▼ -8.9% |
| 2019 | 2.44x | $808.00 Million | $331.70 Million | ▲ +27.7% |
| 2018 | 1.91x | $638.90 Million | $334.90 Million | ▼ -89.9% |
| 2017 | 18.93x | $594.40 Million | $31.40 Million | ▲ +76.3% |
| 2016 | 10.74x | $345.70 Million | $32.20 Million | ▼ -69.7% |
| 2015 | 35.38x | $282.55 Million | $7.99 Million | ▲ +356.1% |
| 2014 | 7.76x | $196.58 Million | $25.34 Million | ▲ +133.0% |
| 2013 | 3.33x | $147.38 Million | $44.27 Million | ▲ +21.0% |
| 2012 | 2.75x | $183.87 Million | $66.84 Million | ▲ +29.4% |
| 2011 | 2.13x | $132.84 Million | $62.49 Million | ▼ -15.2% |
| 2010 | 2.51x | $103.38 Million | $41.24 Million | ▲ +143.4% |
| 2009 | 1.03x | $61.97 Million | $60.18 Million | ▼ -79.9% |
| 2008 | 5.12x | $37.69 Million | $7.36 Million | — |