Fortinet Inc (FTNT) — Free Cash Flow Generation Index
Fortinet Inc (FTNT) has a Free Cash Flow Generation Index of 0.93x as of June 2026. Free cash flow of $965.60 Million represents 1% of operating cash flow ($1.04 Billion). Explore FTNT capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see Fortinet Inc (FTNT) cash flow conversion.
Annual Free Cash Flow Generation for Fortinet Inc (2006–2025)
Year-by-year Free Cash Flow Generation Index for Fortinet Inc. Check Fortinet Inc (FTNT) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |