Gross Profit Comparison: Applied Materials, Inc. and Fortinet, Inc. Trends

Tech Titans' Gross Profit Growth: 2014-2023

__timestampApplied Materials, Inc.Fortinet, Inc.
Wednesday, January 1, 20143843000000539355000
Thursday, January 1, 20153952000000722491000
Friday, January 1, 20164511000000937606000
Sunday, January 1, 201765320000001109646000
Monday, January 1, 201878170000001350800000
Tuesday, January 1, 201963860000001650300000
Wednesday, January 1, 202076920000002024400000
Friday, January 1, 2021109140000002559200000
Saturday, January 1, 2022119930000003332500000
Sunday, January 1, 2023123840000004067600000
Monday, January 1, 2024128970000004798200000
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Unveiling the hidden dimensions of data

Gross Profit Trends: A Tale of Two Innovators

In the ever-evolving landscape of technology, Applied Materials, Inc. and Fortinet, Inc. have carved distinct paths. From 2014 to 2023, Applied Materials' gross profit surged by over 230%, reflecting its robust growth in the semiconductor industry. In contrast, Fortinet, a leader in cybersecurity, witnessed a remarkable 650% increase in gross profit, underscoring the rising demand for digital security solutions.

A Decade of Growth

Applied Materials consistently expanded its gross profit, peaking in 2023 with a 12.4 billion USD mark. Fortinet, though starting from a smaller base, demonstrated impressive growth, reaching 4.1 billion USD in 2023. This divergence highlights the dynamic nature of tech sectors, where innovation drives financial success.

While 2024 data for Fortinet remains elusive, the trends suggest continued growth, making these companies ones to watch in the coming years.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025