Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $62.74 billion. The enterprise value is $58.60 billion.
| Market Cap | 62.74B |
| Enterprise Value | 58.60B |
Important Dates
The next confirmed earnings date is Wednesday, May 6, 2026, after market close.
| Earnings Date | May 6, 2026 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 739.92 million shares outstanding. The number of shares has decreased by -0.95% in one year.
| Current Share Class | 739.92M |
| Shares Outstanding | 739.92M |
| Shares Change (YoY) | -0.95% |
| Shares Change (QoQ) | -1.73% |
| Owned by Insiders (%) | 15.79% |
| Owned by Institutions (%) | 70.64% |
| Float | 622.36M |
Valuation Ratios
The trailing PE ratio is 34.13 and the forward PE ratio is 27.72. Fortinet's PEG ratio is 2.26.
| PE Ratio | 34.13 |
| Forward PE | 27.72 |
| PS Ratio | 8.99 |
| Forward PS | 7.89 |
| PB Ratio | 49.59 |
| P/TBV Ratio | 69.23 |
| P/FCF Ratio | 27.46 |
| P/OCF Ratio | 23.59 |
| PEG Ratio | 2.26 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 26.32, with an EV/FCF ratio of 26.33.
| EV / Earnings | 31.62 |
| EV / Sales | 8.62 |
| EV / EBITDA | 26.32 |
| EV / EBIT | 28.25 |
| EV / FCF | 26.33 |
Financial Position
The company has a current ratio of 1.17, with a Debt / Equity ratio of 0.86.
| Current Ratio | 1.17 |
| Quick Ratio | 1.05 |
| Debt / Equity | 0.86 |
| Debt / EBITDA | 0.46 |
| Debt / FCF | 0.48 |
| Interest Coverage | 103.20 |
Financial Efficiency
Return on equity (ROE) is 135.72% and return on invested capital (ROIC) is 53.28%.
| Return on Equity (ROE) | 135.72% |
| Return on Assets (ROA) | 12.87% |
| Return on Invested Capital (ROIC) | 53.28% |
| Return on Capital Employed (ROCE) | 38.73% |
| Weighted Average Cost of Capital (WACC) | 9.60% |
| Revenue Per Employee | $450,036 |
| Profits Per Employee | $122,669 |
| Employee Count | 15,109 |
| Asset Turnover | 0.67 |
| Inventory Turnover | 3.72 |
Taxes
In the past 12 months, Fortinet has paid $439.10 million in taxes.
| Income Tax | 439.10M |
| Effective Tax Rate | 19.15% |
Stock Price Statistics
The stock price has decreased by -12.83% in the last 52 weeks. The beta is 1.00, so Fortinet's price volatility has been similar to the market average.
| Beta (5Y) | 1.00 |
| 52-Week Price Change | -12.83% |
| 50-Day Moving Average | 81.70 |
| 200-Day Moving Average | 83.87 |
| Relative Strength Index (RSI) | 56.70 |
| Average Volume (20 Days) | 5,776,471 |
Short Selling Information
The latest short interest is 18.90 million, so 2.55% of the outstanding shares have been sold short.
| Short Interest | 18.90M |
| Short Previous Month | 19.15M |
| Short % of Shares Out | 2.55% |
| Short % of Float | 3.04% |
| Short Ratio (days to cover) | 3.08 |
Income Statement
In the last 12 months, Fortinet had revenue of $6.80 billion and earned $1.85 billion in profits. Earnings per share was $2.42.
| Revenue | 6.80B |
| Gross Profit | 5.47B |
| Operating Income | 2.07B |
| Pretax Income | 2.29B |
| Net Income | 1.85B |
| EBITDA | 2.23B |
| EBIT | 2.07B |
| Earnings Per Share (EPS) | $2.42 |
Balance Sheet
The company has $3.58 billion in cash and $1.06 billion in debt, with a net cash position of $2.52 billion or $3.41 per share.
| Cash & Cash Equivalents | 3.58B |
| Total Debt | 1.06B |
| Net Cash | 2.52B |
| Net Cash Per Share | $3.41 |
| Equity (Book Value) | 1.24B |
| Book Value Per Share | 1.67 |
| Working Capital | 866.20M |
Cash Flow
In the last 12 months, operating cash flow was $2.59 billion and capital expenditures -$364.80 million, giving a free cash flow of $2.23 billion.
| Operating Cash Flow | 2.59B |
| Capital Expenditures | -364.80M |
| Depreciation & Amortization | 152.00M |
| Net Borrowing | n/a |
| Free Cash Flow | 2.23B |
| FCF Per Share | $3.01 |
Margins
Gross margin is 80.46%, with operating and profit margins of 30.51% and 27.26%.
| Gross Margin | 80.46% |
| Operating Margin | 30.51% |
| Pretax Margin | 33.72% |
| Profit Margin | 27.26% |
| EBITDA Margin | 32.74% |
| EBIT Margin | 30.51% |
| FCF Margin | 32.73% |
Dividends & Yields
Fortinet does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | 0.95% |
| Shareholder Yield | n/a |
| Earnings Yield | 3.03% |
| FCF Yield | 3.64% |
Analyst Forecast
The average price target for Fortinet is $85.71, which is 1.09% higher than the current price. The consensus rating is "Hold".
| Price Target | $85.71 |
| Price Target Difference | 1.09% |
| Analyst Consensus | Hold |
| Analyst Count | 25 |
| Revenue Growth Forecast (5Y) | 10.10% |
| EPS Growth Forecast (5Y) | n/a |
Fair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | |
| Lynch Upside | |
| Graham Number | |
| Graham Upside |
Stock Splits
The last stock split was on June 23, 2022. It was a forward split with a ratio of 5:1.
| Last Split Date | Jun 23, 2022 |
| Split Type | Forward |
| Split Ratio | 5:1 |
Scores
Fortinet has an Altman Z-Score of 6.02 and a Piotroski F-Score of 5.
| Altman Z-Score | 6.02 |
| Piotroski F-Score | 5 |