FTNT Fortinet

XNGS Up Alert

Technology

· How we analyze

About the company

Fortinet is a network security provider from California. It is known for its FortiGate firewalls with custom chips. It also offers security services by subscription, protection for cloud and remote access, and networking equipment such as Wi-Fi and switches. As of Oct 11, 2026

Fact sheet (from the annual report) Computer peripherals and network security · Sunnyvale, USA

Fortinet develops cybersecurity products that combine networking and security. The Fortinet Security Fabric platform comprises secure networking, cloud-delivered access and security operations supported by artificial intelligence. Its core technologies are the FortiOS operating system and in-house developed custom chips. Customers are companies of all sizes and government agencies from industries such as finance, retail, manufacturing and healthcare. Sales run mainly through distributors that supply resellers and managed security service providers. In addition, there are subscriptions for security services and technical support.

Automatically summarized from SEC annual report (10-K, filed Feb 25, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today +0.9%
  • 7 days +8.2%
  • 30 days +6.7%
  • 1 year +116.9%
Day range (last trading day)
−2.3%Price at 76% of the range+0.7%
52-week range
−60.2%Price at 90% of the range+6.6%
Distance from the all-time high
−6.2%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Pullback in trend · Analysis method

This method currently detects no pattern for FTNT. The check runs daily after the close.

You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing

What does the pattern show?

What is this? In an intact uptrend (price above the 200-day line, 50-day line rising), the price pulls back to the 50-day line after a rise and closes back above it.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

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Symbol on TradingView: NASDAQ:FTNT

Fundamental analysis

Fortinet · Sector Technology · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 25, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality Profitability, consistency, balance sheet 7 of 8 criteria met Growth Revenue and earnings per share 7 of 7 criteria met Dividend Level, consistency, coverage · 6 without data 0 of 1 criteria met Financial strength Piotroski, debt, liquidity 5 of 6 criteria met

Quality 7 of 8 met

  • met: Gross margin above 40% 80.5%
  • met: Operating margin above 15% 30.7%
  • met: Net margin above 10% 27.3%
  • met: Return on equity above 15% 149.8%
  • met: Free cash flow margin above 10% 32.7%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • not met: Equity ratio above 30% 11.9%
Gross margin

80.5% Fiscal year 2025

Rank 92 of 100: higher than 92% of 153 peers (All). strong.

Rank 94 of 100: higher than 94% of 57 peers (Sector). strong.

Median Technology: 56.1%

Share of revenue left after the direct cost of the products sold.

Operating margin

30.7% Fiscal year 2025

Rank 78 of 100: higher than 78% of 192 peers (All). strong.

Rank 74 of 100: higher than 74% of 60 peers (Sector). strong.

Median Technology: 14.2%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

27.3% Fiscal year 2025

Rank 79 of 100: higher than 79% of 237 peers (All). strong.

Rank 75 of 100: higher than 75% of 63 peers (Sector). strong.

Median Technology: 12.5%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

149.8% Fiscal year 2025

Rank 98 of 100: higher than 98% of 218 peers (All). strong.

Rank 98 of 100: higher than 98% of 61 peers (Sector). strong.

Median Technology: 13.5%

Net income divided by equity at fiscal year end.

Return on assets

17.8% Fiscal year 2025 (total assets at year end)

Rank 88 of 100: higher than 88% of 238 peers (All). strong.

Rank 79 of 100: higher than 79% of 63 peers (Sector). strong.

Median Technology: 5.9%

Net income divided by total assets at fiscal year end.

Equity ratio

11.9% Fiscal year 2025

Rank 16 of 100: higher than 16% of 239 peers (All). weak.

Rank 6 of 100: higher than 6% of 63 peers (Sector). weak.

Median Technology: 51.6%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

32.7% Fiscal year 2025

Rank 87 of 100: higher than 87% of 213 peers (All). strong.

Rank 80 of 100: higher than 80% of 62 peers (Sector). strong.

Median Technology: 19.0%

Free cash flow divided by revenue.

Free cash flow

2.2B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 7 of 7 met

  • met: Over 3 years, revenue grew by more than 5% per year +15.5%
  • met: Over 5 years, revenue grew by more than 5% per year +21.3%
  • met: Over 10 years, revenue grew by more than 5% per year +21.0%
  • met: Over 3 years, EPS grew by more than 5% per year +31.7%
  • met: Over 5 years, EPS grew by more than 5% per year +33.0%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
  • met: Revenue rose in the last fiscal year +14.2%
Revenue growth 3 years

+15.5% per year

Rank 70 of 100: higher than 70% of 230 peers (All). strong.

Rank 52 of 100: higher than 52% of 59 peers (Sector). medium.

Median Technology: +14.3%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+21.3% per year

Rank 75 of 100: higher than 75% of 217 peers (All). strong.

Rank 58 of 100: higher than 58% of 54 peers (Sector). medium.

Median Technology: +14.5%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+21.0% per year

Rank 88 of 100: higher than 88% of 157 peers (All). strong.

Rank 74 of 100: higher than 74% of 37 peers (Sector). strong.

Median Technology: +12.4%

Average growth per year over 10 fiscal years.

EPS growth 3 years

+31.7% per year

Rank 83 of 100: higher than 83% of 157 peers (All). strong.

Rank 73 of 100: higher than 73% of 32 peers (Sector). strong.

Median Technology: +19.2%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+33.0% per year

Rank 88 of 100: higher than 88% of 146 peers (All). strong.

Rank 78 of 100: higher than 78% of 34 peers (Sector). strong.

Median Technology: +17.0%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

+73.1% per year

Rank 100 of 100: higher than 100% of 140 peers (All). strong.

Rank 98 of 100: higher than 98% of 27 peers (Sector). strong.

Median Technology: +17.5%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 0 of 1 met · 6 without data

  • not met: Pays a dividend no dividend per share reported for the last fiscal year
  • no data: Payout ratio at most 60% of earnings pays no dividend
  • no data: Dividend paid in each of the last 5 fiscal years pays no dividend
  • no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
  • no data: Dividend per share higher than 5 years ago pays no dividend
  • no data: Free cash flow per share covers the dividend pays no dividend
  • no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend

Financial strength 5 of 6 met

  • not met: Piotroski F-Score at least 7 of 9 5 of 9
  • met: Long-term debt no higher than equity 0.40
  • met: Current assets cover current liabilities 1.17
  • met: Positive equity 1.2B USD
  • met: In 5 years, share count up by at most 5% −8.8%
  • met: Free cash flow positive in the last fiscal year 2.2B USD
Piotroski F-Score

5 of 9 Fiscal year 2025

Rank 21 of 100: higher than 21% of 134 peers (All). weak.

Rank 24 of 100: higher than 24% of 44 peers (Sector). weak.

Median Technology: 6.0 of 9

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.40 at fiscal year end

Rank 64 of 100: lower than 64% of 199 peers (All). medium.

Rank 53 of 100: lower than 53% of 54 peers (Sector). medium.

Median Technology: 0.41

Long-term financial debt divided by equity.

Liquidity (current ratio)

1.17 at fiscal year end

Rank 38 of 100: higher than 38% of 215 peers (All). medium.

Rank 21 of 100: higher than 21% of 63 peers (Sector). weak.

Median Technology: 2.02

Current assets divided by current liabilities.

Change in share count

−8.8% in 5 years

Rank 77 of 100: lower than 77% of 199 peers (All). strong.

Rank 87 of 100: lower than 87% of 51 peers (Sector). strong.

Median Technology: +2.8%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • not met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • not met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • not met: Gross margin higher than the prior year
  • not met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+21.3% per year), at least as fast as the sector median.
  • Light green: Net income (total) grew over 5 years (+30.6% per year), at least as fast as the sector median; per share +33.0% per year.
  • Light green: Net margin 27.3%, above the sector median (12.5%).
  • Light green: Debt not higher than usual in the sector.
  • Light green: Profit in each of the last 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 1.3B USD · Net income 32.2M USD · Net margin 2.5%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 1.5B USD · Net income 31.4M USD · Net margin 2.1%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 1.8B USD · Net income 332.2M USD · Net margin 18.4%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 2.2B USD · Net income 326.5M USD · Net margin 15.1%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 2.6B USD · Net income 488.5M USD · Net margin 18.8%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 3.3B USD · Net income 606.8M USD · Net margin 18.2%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 4.4B USD · Net income 857.3M USD · Net margin 19.4%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 5.3B USD · Net income 1.1B USD · Net margin 21.6%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 6.0B USD · Net income 1.7B USD · Net margin 29.3%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 6.8B USD · Net income 1.9B USD · Net margin 27.3%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 6.8B USD · Net income 1.9B USD · Net margin 27.3%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 80.5 USD gross profit, 30.7 USD operating income and 27.3 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue6.8B USD100.0%
Gross profit5.5B USD80.5%
Cost of revenue1.3B USD19.5%
Operating income2.1B USD30.7%
Research & development815.5M USD12.0%
Other operating expenses2.6B USD37.8%
Net income1.9B USD27.3%
Interest expense20.1M USD0.3%
Taxes & other (net)211.2M USD3.1%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from 20.5% to 30.7%.

Gross marginOperating marginNet margin
  1. Fiscal year 2016: Gross margin 73.5% · Operating margin 3.4% · Net margin 2.5%
  2. Fiscal year 2017: Gross margin 74.2% · Operating margin 7.3% · Net margin 2.1%
  3. Fiscal year 2018: Gross margin 75.0% · Operating margin 12.8% · Net margin 18.4%
  4. Fiscal year 2019: Gross margin 76.5% · Operating margin 16.0% · Net margin 15.1%
  5. Fiscal year 2020: Gross margin 78.0% · Operating margin 20.5% · Net margin 18.8%
  6. Fiscal year 2021: Gross margin 76.6% · Operating margin 19.5% · Net margin 18.2%
  7. Fiscal year 2022: Gross margin 75.4% · Operating margin 21.9% · Net margin 19.4%
  8. Fiscal year 2023: Gross margin 76.7% · Operating margin 23.4% · Net margin 21.6%
  9. Fiscal year 2024: Gross margin 80.6% · Operating margin 30.3% · Net margin 29.3%
  10. Fiscal year 2025: Gross margin 80.5% · Operating margin 30.7% · Net margin 27.3%

Returns

Return on equity rose in 5 years from 57.1% to 149.8%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 3.8% · Return on assets 1.5%
  2. Fiscal year 2017: Return on equity 5.3% · Return on assets 1.4%
  3. Fiscal year 2018: Return on equity 32.9% · Return on assets 10.8%
  4. Fiscal year 2019: Return on equity 24.7% · Return on assets 8.4%
  5. Fiscal year 2020: Return on equity 57.1% · Return on assets 12.1%
  6. Fiscal year 2021: Return on equity 77.6% · Return on assets 10.3%
  7. Fiscal year 2022: Return on equity not available · Return on assets 13.8%
  8. Fiscal year 2023: Return on equity not available · Return on assets 15.8%
  9. Fiscal year 2024: Return on equity 116.8% · Return on assets 17.9%
  10. Fiscal year 2025: Return on equity 149.8% · Return on assets 17.8%

Equity and long-term debt

The equity ratio fell in 5 years from 21.2% to 11.9%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 837.7M USD · Long-term debt not available
  2. Fiscal year 2017: Equity 589.4M USD · Long-term debt not available
  3. Fiscal year 2018: Equity 1.0B USD · Long-term debt not available
  4. Fiscal year 2019: Equity 1.3B USD · Long-term debt not available
  5. Fiscal year 2020: Equity 856.0M USD · Long-term debt 0.0 USD
  6. Fiscal year 2021: Equity 781.7M USD · Long-term debt 988.4M USD
  7. Fiscal year 2022: Equity −281.6M USD · Long-term debt 990.4M USD
  8. Fiscal year 2023: Equity −463.4M USD · Long-term debt 992.3M USD
  9. Fiscal year 2024: Equity 1.5B USD · Long-term debt 994.3M USD
  10. Fiscal year 2025: Equity 1.2B USD · Long-term debt 496.6M USD

Liquidity (current ratio)

The current ratio fell in 5 years from 1.50 to 1.17.

Current ratio
  1. Fiscal year 2016: Current ratio 1.86
  2. Fiscal year 2017: Current ratio 1.67
  3. Fiscal year 2018: Current ratio 1.77
  4. Fiscal year 2019: Current ratio 1.88
  5. Fiscal year 2020: Current ratio 1.50
  6. Fiscal year 2021: Current ratio 1.55
  7. Fiscal year 2022: Current ratio 1.24
  8. Fiscal year 2023: Current ratio 1.19
  9. Fiscal year 2024: Current ratio 1.47
  10. Fiscal year 2025: Current ratio 1.17

Cash flow

Free cash flow rose in 5 years from 957.8M USD to 2.2B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 345.7M USD · Capital expenditure 67.2M USD · Free cash flow 278.5M USD
  2. Fiscal year 2017: Operating cash flow 594.4M USD · Capital expenditure 135.3M USD · Free cash flow 459.1M USD
  3. Fiscal year 2018: Operating cash flow 638.9M USD · Capital expenditure 53.0M USD · Free cash flow 585.9M USD
  4. Fiscal year 2019: Operating cash flow 808.0M USD · Capital expenditure 92.2M USD · Free cash flow 715.8M USD
  5. Fiscal year 2020: Operating cash flow 1.1B USD · Capital expenditure 125.9M USD · Free cash flow 957.8M USD
  6. Fiscal year 2021: Operating cash flow 1.5B USD · Capital expenditure 295.9M USD · Free cash flow 1.2B USD
  7. Fiscal year 2022: Operating cash flow 1.7B USD · Capital expenditure 281.2M USD · Free cash flow 1.4B USD
  8. Fiscal year 2023: Operating cash flow 1.9B USD · Capital expenditure 204.1M USD · Free cash flow 1.7B USD
  9. Fiscal year 2024: Operating cash flow 2.3B USD · Capital expenditure 378.9M USD · Free cash flow 1.9B USD
  10. Fiscal year 2025: Operating cash flow 2.6B USD · Capital expenditure 364.8M USD · Free cash flow 2.2B USD

Share count

The share count fell in 5 years by 8.8% (mostly through share repurchases).

Diluted share count
  1. Fiscal year 2016: Diluted share count 881.7M
  2. Fiscal year 2017: Diluted share count 890.4M
  3. Fiscal year 2018: Diluted share count 871.0M
  4. Fiscal year 2019: Diluted share count 875.0M
  5. Fiscal year 2020: Diluted share count 838.5M
  6. Fiscal year 2021: Diluted share count 835.5M
  7. Fiscal year 2022: Diluted share count 805.3M
  8. Fiscal year 2023: Diluted share count 788.2M
  9. Fiscal year 2024: Diluted share count 771.9M
  10. Fiscal year 2025: Diluted share count 764.6M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
none pays no dividend
To shareholders (4 years)
6.5B USD 100% through repurchases
Share count over 5 years
−8.8% fewer shares – each share is a larger stake

What goes back to shareholders

Over 4 years, at least 6.5B USD went back to shareholders; some years are not counted because of obvious filing errors.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid not available · Share repurchases 110.8M USD · New shares issued (including employee plans) 44.9M USD · Free cash flow 278.5M USD
  2. Fiscal year 2017: Dividends paid not available · Share repurchases 446.3M USD · New shares issued (including employee plans) 75.9M USD · Free cash flow 459.1M USD
  3. Fiscal year 2018: Dividends paid not available · Share repurchases 211.8M USD · New shares issued (including employee plans) 86.5M USD · Free cash flow 585.9M USD
  4. Fiscal year 2019: Dividends paid not available · Share repurchases 145.1M USD · New shares issued (including employee plans) 49.5M USD · Free cash flow 715.8M USD
  5. Fiscal year 2020: Dividends paid not available · Share repurchases 1.1B USD · New shares issued (including employee plans) 22.1M USD · Free cash flow 957.8M USD
  6. Fiscal year 2021: Dividends paid not available · Share repurchases 741.8M USD · New shares issued (including employee plans) 26.0M USD · Free cash flow 1.2B USD
  7. Fiscal year 2022: Dividends paid not available · Share repurchases 2.0B USD · New shares issued (including employee plans) 26.1M USD · Free cash flow 1.4B USD
  8. Fiscal year 2023: Dividends paid not available · Share repurchases 1.5B USD · New shares issued (including employee plans) 43.8M USD · Free cash flow 1.7B USD
  9. Fiscal year 2024: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 63.1M USD · Free cash flow 1.9B USD
  10. Fiscal year 2025: Dividends paid not available · Share repurchases 2.3B USD · New shares issued (including employee plans) 44.7M USD · Free cash flow 2.2B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Fortinet next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison FTNT, sector Technology; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
ANET Arista Networks 9.0B USD +31.2%64.1%42.8%39.0%28.4%63.6%47.2%–
MRVL Marvell Technology 8.2B USD +22.5%51.0%16.1%32.6%18.7%64.2%17.0%7/9
COHR Coherent Corp. 7.1B USD +18.0%37.5%–11.3%7.4%59.6%−14.4%7/9
SNPS Synopsys 7.1B USD +13.9%77.0%13.0%18.9%4.7%58.7%19.1%3/9
FTNT Fortinet this stock 6.8B USD +21.3%80.5%30.7%27.3%149.8%11.9%32.7%5/9
CDNS Cadence Design Systems 5.3B USD +14.6%–28.2%20.9%20.3%53.9%30.0%–
CRWV CoreWeave 5.1B USD –71.7%−0.9%−22.7%−35.0%6.8%−141.3%–
CRWD CrowdStrike 4.8B USD +40.6%74.7%−6.1%−3.4%−3.7%39.9%27.2%–
SNOW Snowflake 4.7B USD +51.2%67.2%−30.6%−28.4%−69.2%21.1%23.9%6/9
Median of the sector 63 symbols 11.0B USD +14.5%56.1%14.2%12.5%13.5%51.6%19.0%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+21.3% per year, last 5 years

Sector Technology: median +13.5% (88 symbols)

What does this mean? Revenue: over 5 years it grew by 21.3% per year on average – at least as fast as the median company in the sector (+13.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light green: above sector

+30.6% per year, last 5 years

Sector Technology: median +13.3% (62 symbols)

per share: +33.0% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 30.6% per year on average – at least as fast as the median company in the sector (+13.3%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

27.3% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue, 27.26 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was 18.8%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light green: lower than sector

0.32 latest balance sheet

Sector Technology: median 0.45 (79 symbols)

What does this mean? For every 1 USD of equity there is 0.32 USD of financial debt – no more than the median company in the sector (0.45). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: none found

– Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
6.8B USD
Revenue vs. prior year
+14.2%
Net income (FY)
1.9B USD
Net income vs. prior year
+6.2%
EPS (FY)
2.42 USD
13F funds with a position
1 of 9
Funds vs. prior quarter
+1
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Feb 25, 2026 · Balance sheet Jun 30, 2026 (filed Jul 30, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 6.8B1.9B 27.3% 2.42 – –
2024Dec 31, 2024 6.0B1.7B 29.3% 2.26 – –
2023Dec 31, 2023 5.3B1.1B 21.6% 1.46 – –
2022Dec 31, 2022 4.4B857.3M 19.4% 1.06 – –
2021Dec 31, 2021 3.3B606.8M 18.2% 0.73 – –
2020Dec 31, 2020 2.6B488.5M 18.8% 0.58 – –
2019Dec 31, 2019 2.2B326.5M 15.1% 0.37 – –
2018Dec 31, 2018 1.8B332.2M 18.4% 0.38 – –
2017Dec 31, 2017 1.5B31.4M 2.1% 0.04 – –
2016Dec 31, 2016 1.3B32.2M 2.5% 0.04 – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 2.0B606.3M 29.6% 0.82 – –
Q1/26Mar 31, 2026 1.8B534.5M 28.9% 0.72 – –
Q4/25*Dec 31, 2025 1.9B506.0M 26.6% – – –
Q3/25Sep 30, 2025 1.7B473.9M 27.5% 0.62 – –
Q2/25Jun 30, 2025 1.6B440.1M 27.0% 0.57 – –
Q1/25Mar 31, 2025 1.5B433.4M 28.1% 0.56 – –
Q4/24*Dec 31, 2024 1.7B526.2M 31.7% – – –
Q3/24Sep 30, 2024 1.5B539.9M 35.8% 0.70 – –
Q2/24Jun 30, 2024 1.4B379.8M 26.5% 0.49 – –
Q1/24Mar 31, 2024 1.4B299.3M 22.1% 0.39 – –
Q4/23*Dec 31, 2023 1.4B310.9M 22.0% – – –
Q3/23Sep 30, 2023 1.3B322.9M 24.2% 0.41 – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Per-share values adjusted for stock split 5:1 (between May 6, 2022 and Aug 5, 2022). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $36.2M4 people −$36.2M
6 months $00 people $79.9M4 people −$79.9M
12 months $00 people $136.2M4 people −$136.2M

Latest transactions

  • Sep 24, 2026 Ohlgart Christiane Chief financial officer (CFO) Open-market sale · 10b5-1 plan 48 shares · $8.6K · SEC
  • Sep 15, 2026 Whittle John Officer Open-market sale · 10b5-1 plan 2,835 shares · $478.4K · SEC
  • Sep 14, 2026 Whittle John Officer Open-market sale · 10b5-1 plan 1,158 shares · $192.2K · SEC
  • Sep 14, 2026 Whittle John Officer Open-market sale · 10b5-1 plan 52,707 shares · $8.7M · SEC
  • Aug 4, 2026 Ohlgart Christiane Chief financial officer (CFO) Open-market sale · 10b5-1 plan 387 shares · $63.7K · SEC
  • Aug 3, 2026 Xie Ken Chief executive (CEO), Director Open-market sale · 10b5-1 plan 162 shares · $26.6K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +75

Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+10
Relative strength+15

Volatility and trend strength

ADX 14 (trend strength)24.1
Rel. strength 60 d+12.2%

ATR and moving averages as price values only when logged in.

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