Fortinet, Inc. (FRA:FO8)

Fortinet Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 12, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	53,966	51,492	63,187	38,838	33,315	50,768
Market Cap Growth	-31.81%	-18.51%	62.69%	16.58%	-34.38%	141.14%
Enterprise Value	51,763	48,801	60,508	37,575	32,251	49,419
PE Ratio	34.19	32.81	41.81	40.09	46.12	98.47
Forward PE	27.65	27.97	40.11	35.89	36.17	82.80
PEG Ratio	-	2.01	2.24	1.96	1.64	4.99
PS Ratio	9.32	8.68	12.17	8.40	8.65	17.42
PB Ratio	51.20	47.72	48.51	-96.12	-135.68	74.48
P/TBV Ratio	44.79	49.06	48.82	-99.55	-139.81	76.81
P/FCF Ratio	28.47	26.53	38.56	25.73	26.36	48.37
P/OCF Ratio	24.46	22.80	32.09	23.01	22.08	38.82
EV/Sales Ratio	8.71	8.23	11.65	8.12	8.37	16.96
EV/EBITDA Ratio	25.65	21.75	31.26	26.59	28.51	62.23
EV/EBIT Ratio	28.41	26.85	38.48	34.72	38.15	87.14
EV/FCF Ratio	27.31	25.14	36.93	24.89	25.52	47.08
Debt / Equity Ratio	0.40	0.40	0.67	-2.14	-3.52	1.24
Debt / EBITDA Ratio	0.39	0.39	0.45	0.61	0.76	1.09
Debt / FCF Ratio	0.45	0.45	0.53	0.57	0.68	0.82
Net Debt / Equity Ratio	-2.09	-2.09	-2.06	3.13	4.34	-2.00
Net Debt / EBITDA Ratio	-1.00	-1.00	-1.38	-0.89	-0.94	-1.72
Net Debt / FCF Ratio	-1.16	-1.16	-1.63	-0.84	-0.84	-1.30
Asset Turnover	0.67	0.67	0.70	0.79	0.73	0.67
Inventory Turnover	3.72	3.72	2.89	3.30	4.93	4.96
Quick Ratio	1.05	1.05	1.36	1.03	1.13	1.45
Current Ratio	1.17	1.17	1.47	1.19	1.24	1.55
Return on Equity (ROE)	135.72%	135.72%	338.74%	-308.13%	331.50%	73.34%
Return on Assets (ROA)	16.49%	16.49%	18.27%	16.50%	15.50%	12.78%
Return on Invested Capital (ROIC)	30.70%	30.70%	35.10%	30.75%	30.78%	27.69%
Return on Capital Employed (ROCE)	37.71%	37.71%	39.02%	37.11%	28.73%	22.37%
Earnings Yield	2.93%	3.05%	2.39%	2.49%	2.17%	1.02%
FCF Yield	3.51%	3.77%	2.59%	3.89%	3.79%	2.07%
Buyback Yield / Dilution	3.80%	3.80%	-0.09%	3.27%	5.14%	1.23%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.