Fortinet vs Xerox: revenue, profit, margins and growth compared
Fortinet brought in $6.8B of revenue in fiscal 2025, Xerox $7B in fiscal 2025. Revenue changed by +14.2% at Fortinet and +12.9% at Xerox on the year before, so Fortinet grew faster. Fortinet kept 27.3% of its revenue as net profit, Xerox -14.7%. Free cash flow was $2.2B at Fortinet and $187M at Xerox.
Fiscal years as each company reports them; the two may end in different months.
Questions about Fortinet and Xerox
Which is bigger by revenue, Fortinet or Xerox?
Xerox is bigger by revenue: $7B in fiscal 2025, against $6.8B for Fortinet in fiscal 2025.
Which keeps more of its revenue as profit, Fortinet or Xerox?
Fortinet had a net margin of 27.3% in fiscal 2025; Xerox had -14.7% in fiscal 2025.
Which grew revenue faster, Fortinet or Xerox?
In their latest fiscal years revenue changed by +14.2% at Fortinet and +12.9% at Xerox.
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.