Fortinet, Inc. FTNT NASDAQ

Fortinet, Inc. (FTNT) generated $620.2M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $42.8M, free cash flow was $577.4M.

Free cash flow margin was 30.3% of revenue. Cash conversion ratio was 1.23x, indicating earnings are backed by cash.

The company returned $57.2M in share buybacks to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (67/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (80/100, Pass) — $577.4M (30.3% margin) supports a durable competitive advantage
• INCOME (85/100) — Cash conversion ratio was 1.23x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 72/100 with 4/7 criteria passed.