Fortinet Inc (FTNT) — Free Cash Flow Generation Index
Fortinet Inc (FTNT) has a Free Cash Flow Generation Index of 0.93x as of December 2025. Free cash flow of $577.40 Million represents 1% of operating cash flow ($620.20 Million). See Fortinet Inc (FTNT) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Fortinet Inc Free Cash Flow Generation Index (2006–2025)
Historical FCF Generation Index trend for Fortinet Inc across 20 annual periods. Explore FTNT debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Fortinet Inc (2006–2025)
Year-by-year Free Cash Flow Generation Index for Fortinet Inc. For the full company profile including market capitalisation, see market value of Fortinet Inc.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.86x | $2.23 Billion | $2.59 Billion | $364.80 Million | ▲ +3.2% |
| 2024 | 0.83x | $1.88 Billion | $2.26 Billion | $378.90 Million | ▼ -7.0% |
| 2023 | 0.89x | $1.73 Billion | $1.94 Billion | $204.10 Million | ▲ +6.8% |
| 2022 | 0.84x | $1.45 Billion | $1.73 Billion | $281.20 Million | ▲ +4.3% |
| 2021 | 0.80x | $1.20 Billion | $1.50 Billion | $295.90 Million | ▼ -9.2% |
| 2020 | 0.88x | $957.80 Million | $1.08 Billion | $125.90 Million | ▼ -0.2% |
| 2019 | 0.89x | $715.80 Million | $808.00 Million | $92.20 Million | ▼ -3.4% |
| 2018 | 0.92x | $585.90 Million | $638.90 Million | $53.00 Million | ▲ +18.7% |
| 2017 | 0.77x | $459.10 Million | $594.40 Million | $135.30 Million | ▼ -4.1% |
| 2016 | 0.81x | $278.50 Million | $345.70 Million | $67.20 Million | ▼ -7.2% |
| 2015 | 0.87x | $245.19 Million | $282.55 Million | $37.36 Million | ▲ +3.8% |
| 2014 | 0.84x | $164.38 Million | $196.58 Million | $32.20 Million | ▼ -7.7% |
| 2013 | 0.91x | $133.51 Million | $147.38 Million | $13.88 Million | ▲ +2.9% |
| 2012 | 0.88x | $161.78 Million | $183.87 Million | $22.08 Million | ▼ -9.5% |
| 2011 | 0.97x | $129.22 Million | $132.84 Million | $3.62 Million | ▲ +1.0% |
| 2010 | 0.96x | $99.61 Million | $103.38 Million | $3.78 Million | ▲ +4.1% |
| 2009 | 0.93x | $57.38 Million | $61.97 Million | $4.59 Million | ▲ +0.0% |
| 2008 | 0.93x | $34.89 Million | $37.69 Million | $2.80 Million | ▼ -0.1% |
| 2007 | 0.93x | $25.64 Million | $27.67 Million | $2.03 Million | ▲ +42.2% |
| 2006 | 0.65x | $2.22 Million | $3.41 Million | $1.19 Million | — |