Fortinet Inc (FTNT) — Cash Flow Quality Index
Latest as of June 2026:
1.72x
Fortinet Inc (FTNT) has a Cash Flow Quality Index of 1.72x as of June 2026. Operating cash flow of $1.04 Billion exceeds net income of $606.30 Million, indicating high earnings quality where cash backs reported profits. Explore Fortinet Inc (FTNT) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.72x
Operating CF / Net Income
Operating Cash Flow
$1.04 Billion
USD
Net Income
$606.30 Million
USD
Data as of
Jun 2026
Most recent filing
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. For the full cash flow conversion analysis, see FTNT cash flow conversion.
Annual Cash Flow Quality Index for Fortinet Inc (2008–2025)
Year-by-year earnings quality comparison for Fortinet Inc.
| 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 | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.