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Fortinet vs Logitech International: revenue, profit, margins and growth compared

Fortinet brought in $6.8B of revenue in fiscal 2025, Logitech International $4.8B in fiscal 2026. Revenue changed by +14.2% at Fortinet and +6.3% at Logitech International on the year before, so Fortinet grew faster. Fortinet kept 27.3% of its revenue as net profit, Logitech International 14.7%. Free cash flow was $2.2B at Fortinet and $975.6M at Logitech International.

Side by side, latest fiscal year

FTNTLOGI
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$6.8B$4.8B
Revenue growth+14.2%+6.3%
Net income$1.9B$711.2M
Net margin27.3%14.7%
Free cash flow$2.2B$975.6M
Free cash flow margin32.7%20.2%
Earnings per share (diluted)$2.42$4.80
Cash$2.5B$1.7B
Debt$996.3Mn/a
Price to earnings71.721.1
Market value$127.3B$14.5B
Dividend yieldn/a1.56%
Rank by revenue in sector#72 of 530 · Technology#97 of 530 · Technology

Over the years

Revenue
FTNT FY2018: $1.8BFTNT FY2019: $2.2BFTNT FY2020: $2.6BFTNT FY2021: $3.3BFTNT FY2022: $4.4BFTNT FY2023: $5.3BFTNT FY2024: $6BFTNT FY2025: $6.8BLOGI FY2019: $2.8BLOGI FY2020: $3BLOGI FY2021: $5.3BLOGI FY2022: $5.5BLOGI FY2023: $4.5BLOGI FY2024: $4.3BLOGI FY2025: $4.6BLOGI FY2026: $4.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FTNT $6.8BLOGI $4.8B
Net income
FTNT FY2018: $334.9MFTNT FY2019: $331.7MFTNT FY2020: $488.5MFTNT FY2021: $606.8MFTNT FY2022: $857.3MFTNT FY2023: $1.1BFTNT FY2024: $1.7BFTNT FY2025: $1.9BLOGI FY2019: $257.6MLOGI FY2020: $449.7MLOGI FY2021: $947.3MLOGI FY2022: $644.5MLOGI FY2023: $364.6MLOGI FY2024: $612.1MLOGI FY2025: $631.5MLOGI FY2026: $711.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FTNT $1.9BLOGI $711.2M
Net margin
FTNT FY2018: 18.6%FTNT FY2019: 15.3%FTNT FY2020: 18.8%FTNT FY2021: 18.2%FTNT FY2022: 19.4%FTNT FY2023: 21.6%FTNT FY2024: 29.3%FTNT FY2025: 27.3%LOGI FY2019: 9.2%LOGI FY2020: 15.1%LOGI FY2021: 18.0%LOGI FY2022: 11.8%LOGI FY2023: 8.0%LOGI FY2024: 14.2%LOGI FY2025: 13.9%LOGI FY2026: 14.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FTNT 27.3%LOGI 14.7%
Revenue growth
FTNT FY2019: +19.9%FTNT FY2020: +19.9%FTNT FY2021: +28.8%FTNT FY2022: +32.2%FTNT FY2023: +20.1%FTNT FY2024: +12.3%FTNT FY2025: +14.2%LOGI FY2020: +6.7%LOGI FY2021: +76.5%LOGI FY2022: +4.4%LOGI FY2023: -17.2%LOGI FY2024: -5.3%LOGI FY2025: +6.0%LOGI FY2026: +6.3%FY19FY20FY21FY22FY23FY24FY25FY26
FTNT +14.2%LOGI +6.3%
Free cash flow
FTNT FY2018: $585.9MFTNT FY2019: $715.8MFTNT FY2020: $957.8MFTNT FY2021: $1.2BFTNT FY2022: $1.4BFTNT FY2023: $1.7BFTNT FY2024: $1.9BFTNT FY2025: $2.2BLOGI FY2019: $269.3MLOGI FY2020: $385.5MLOGI FY2021: $1.4BLOGI FY2022: $209.2MLOGI FY2023: $441.7MLOGI FY2024: $1.1BLOGI FY2025: $786.4MLOGI FY2026: $975.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FTNT $2.2BLOGI $975.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Fortinet and Logitech International

Which is bigger by revenue, Fortinet or Logitech International?

Fortinet is bigger by revenue: $6.8B in fiscal 2025, against $4.8B for Logitech International in fiscal 2026.

Which keeps more of its revenue as profit, Fortinet or Logitech International?

Fortinet had a net margin of 27.3% in fiscal 2025; Logitech International had 14.7% in fiscal 2026.

Which grew revenue faster, Fortinet or Logitech International?

In their latest fiscal years revenue changed by +14.2% at Fortinet and +6.3% at Logitech International.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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