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FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
As of today, Fortinet's Trailing 12-Month Free Cash Flow is $1,693 Mil, and Market Cap is $44,431 Mil. Therefore, Fortinet's FCF Yield % for today is 3.81%.
The historical rank and industry rank for Fortinet's FCF Yield % or its related term are showing as below:
During the past 13 years, the highest FCF Yield % of Fortinet was 5.94%. The lowest was 2.01%. And the median was 3.94%.
Fortinet's FCF Margin % for the quarter that ended in Mar. 2024 was 44.96%.
The historical data trend for Fortinet's FCF Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortinet Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
FCF Yield % | Get a 7-Day Free Trial |
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3.90 | 3.97 | 2.07 | 3.79 | 3.89 |
Fortinet Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
FCF Yield % | Get a 7-Day Free Trial |
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4.97 | 2.95 | 4.22 | 1.48 | 4.67 |
For the Software - Infrastructure subindustry, Fortinet's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Software industry and Technology sector, Fortinet's FCF Yield % distribution charts can be found below:
* The bar in red indicates where Fortinet's FCF Yield % falls into.
FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
Fortinet's FCF Yield % for the fiscal year that ended in Dec. 2023 is calculated as
FCF Yield % | = | Free Cash Flow | / | Market Cap |
= | 1731.4 | / | 44541.33 | |
= | 3.89% |
Fortinet's annualized FCF Yield % for the quarter that ended in Mar. 2024 is calculated as
FCF Yield % | = | Free Cash Flow | * | Annualized Factor | / | Market Cap |
= | 608.5 | * | 4 | / | 52134.192 | |
= | 4.67% |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortinet FCF Yield % Explanation
Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.
Thank you for viewing the detailed overview of Fortinet's FCF Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ken Xie | director, officer: President & CEO | 4655 GREAT AMERICA PARKWAY - SUITE 300, SANTA CLARA CA 95054 |
Patrice Perche | officer: Chief Revenue Off./EVP Supp. | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
Michael Xie | director, officer: VP, Engineering & CTO | 1090 KIFER ROAD, SUNNYVALE CA 94086 |
William H. Neukom | director | C/O FORTINET, INC., 1090 KIFER ROAD, SUNNYVALE CA 94086 |
Keith Jensen | officer: Chief Accounting Officer | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94068 |
John Whittle | officer: VP & General Counsel | 1090 KIFER ROAD, SUNNYVALE CA 94086 |
James G. Stavridis | director | C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180 |
Christopher B Paisley | director | 14870 THREE OAKS COURT, SARATOGA CA 95070 |
Jean X. Hu | director | 2485 AUGUSTINE DRIVE, SANTA CLARA CA 95054 |
Kelly Ducourty | director | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
Cohen Peter Dale Jr. | director | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
Ming Hsieh | director | 4399 SANTA ANITA AVE., EL MONTE CA 91731 |
Judith Sim | director | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
Del Matto Andrew H | officer: Chief Financial Officer | 350 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
Gary Locke | director | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
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