Fortinet vs Mitek Systems: revenue, profit, margins and growth compared
Fortinet brought in $6.8B of revenue in fiscal 2025, Mitek Systems $179.7M in fiscal 2025. Revenue changed by +14.2% at Fortinet and +4.4% at Mitek Systems on the year before, so Fortinet grew faster. Fortinet kept 27.3% of its revenue as net profit, Mitek Systems 4.9%. Free cash flow was $2.2B at Fortinet and $54.2M at Mitek Systems.
Fiscal years as each company reports them; the two may end in different months.
Questions about Fortinet and Mitek Systems
Which is bigger by revenue, Fortinet or Mitek Systems?
Fortinet is bigger by revenue: $6.8B in fiscal 2025, against $179.7M for Mitek Systems in fiscal 2025.
Which keeps more of its revenue as profit, Fortinet or Mitek Systems?
Fortinet had a net margin of 27.3% in fiscal 2025; Mitek Systems had 4.9% in fiscal 2025.
Which grew revenue faster, Fortinet or Mitek Systems?
In their latest fiscal years revenue changed by +14.2% at Fortinet and +4.4% at Mitek Systems.
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.