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 cash flow conversion to assess how effectively this company generates cash.
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 FTNT cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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 market cap of 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 | — |