SIREN : 448852756
FORTINET is a French company founded 22 years ago, specialized in the sector Conseil en systèmes et logiciels informatiques. Based in VALBONNE (06560), this company of category ETI shows in 2024 a revenue of 140.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 140 598 934 € | 173 580 114 € | 154 666 710 € | 121 117 667 € | 95 357 271 € | 80 371 471 € | 67 621 838 € | 51 030 511 € | 50 936 913 € |
| Net income | 6 414 338 € | 4 931 326 € | 5 102 070 € | 3 102 629 € | 2 849 788 € | 1 447 371 € | 1 477 077 € | 1 166 801 € | 1 783 701 € |
| EBITDA | 17 257 755 € | 17 402 916 € | 16 721 184 € | 13 468 302 € | 9 969 417 € | 8 350 188 € | 5 627 520 € | 4 134 035 € | 3 325 399 € |
| Net margin | 4.6% | 2.8% | 3.3% | 2.6% | 3.0% | 1.8% | 2.2% | 2.3% | 3.5% |
In 2024, FORTINET achieves revenue of 140.6 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +13.5%. Significant drop of -19% vs 2023. After deducting consumption (0 €), gross margin stands at 140.6 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 17.3 M€, representing 12.3% of revenue. Positive scissor effect: EBITDA margin improves by +2.2 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 6.4 M€, i.e. 4.6% of revenue. This profit can be retained or distributed to shareholders.
140 598 934 €
140 598 934 €
17 257 755 €
11 796 833 €
6 414 338 €
12.3%
The debt ratio (= Financial debt / Equity x 100) stands at 0%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 47%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 8.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
0.0%
47.417%
8.388%
0.0
34.5%
In 2024, the debt ratio of FORTINET (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of FORTINET (47.4%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of FORTINET (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.
The liquidity ratio (= Current assets / Current liabilities) stands at 168.15. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.
168.145
0.102
In 2024, the liquidity ratio of FORTINET (168.15) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.
In 2024, the interest coverage of FORTINET (0.1x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 65 days. Excellent situation: suppliers finance 65 days of the operating cycle (retail model). Overall, WCR represents 39 days of revenue, i.e. 15.3 M€ to permanently finance. Over 2016-2024, WCR increased by +331%, requiring additional financing.
15 278 886 €
0 j
65 j
0 j
39 j
Based on 215 transactions of similar company sales (all years), the value of FORTINET is estimated at 17 090 352 € (range 7 632 518€ - 55 165 748€). With an EBITDA of 17 257 755€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.16x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
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This estimate is based on the analysis of 215 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare FORTINET with other companies in the same sector:
Voir toutes les statistiques du secteur Conseil en systèmes et logiciels informatiques
The revenue of FORTINET in 2024 is 140.6 M€.
Yes, FORTINET generated a net profit of 6.4 M€ in 2024.
The headquarters of FORTINET is located in VALBONNE (06560), in the department Alpes-Maritimes.
The tax return of FORTINET is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).
FORTINET operates in the sector Conseil en systèmes et logiciels informatiques (NAF code 62.02A). See the 'Sector positioning' section above to compare the company with its competitors.