| Stage | FFIV | % of rev | FTNT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $865M | 100.00% | $2.1B | 100.00% | FTNT ×2.40 |
| Gross profit | $712M | 82.25% | $1.6B | 78.95% | FFIV +3.3pp |
| Operating income | $213M | 24.65% | $704M | 33.89% | FTNT +9.2pp |
| Pre-tax income | $226M | 26.15% | $755M | 36.33% | FTNT +10.2pp |
| Net income | $208M | 24.07% | $636M | 30.58% | FTNT +6.5pp |
| Stage | FFIV | FTNT | Gap · A − B |
|---|---|---|---|
| Revenue | $865M100.00% | $2.1B100.00% | FTNT ×2.40 |
| Gross profit | 82.25%$712M | 78.95%$1.6B | FFIV +3.3pp |
| Operating income | 24.65%$213M | 33.89%$704M | FTNT +9.2pp |
| Pre-tax income | 26.15%$226M | 36.33%$755M | FTNT +10.2pp |
| Net income |
| 24.07%$208M |
| 30.58%$636M |
| FTNT +6.5pp |