As of Q4'25, FTNT's gross margin stands at 79.6%, operating margin at 32.8%, and net profit margin at 26.6%. These latest figures indicate robust profitability across all margin categories at the end of the reported period. From Q1'23 to Q4'25, the chart reveals a generally upward trend in all three margin metrics, with gross margin rising from 75.6% to a peak of 82.5% in Q3'24 before slightly declining. Operating margin shows notable improvement, climbing from 21.7% in Q1'23 to a high of 34.6% in Q4'24, then stabilizing above 28%. Net profit margin also increases from 19.6% to a peak of 35.8% in Q3'24, followed by a moderate pullback. Overall, FTNT demonstrates strengthening profitability over the observed period, with some margin compression after reaching peak levels in late 2024.