Fortinet, Inc. (FTNT)

Fortinet Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct 7, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	65,071	72,414	44,946	38,195	58,762	24,111
Market Cap Growth	12.44%	61.11%	17.68%	-35.00%	143.71%	32.05%
Enterprise Value	61,597	69,791	42,833	37,466	56,729	22,503
Last Close Price	84.92	94.48	58.53	48.89	71.88	29.71
PE Ratio	33.85	41.49	39.16	44.55	96.84	49.36
Forward PE	32.77	40.11	35.89	36.17	82.80	42.45
PS Ratio	10.27	12.16	8.47	8.65	17.58	9.29
PB Ratio	31.55	48.48	-96.99	-135.63	73.60	28.17
P/TBV Ratio	38.77	63.33	-	-	99.09	32.97
P/FCF Ratio	32.01	38.53	25.96	26.35	48.81	25.17
P/OCF Ratio	27.10	32.07	23.22	22.07	39.18	22.25
PEG Ratio	2.41	2.24	1.96	1.64	4.99	2.53
EV/Sales Ratio	9.72	11.72	8.07	8.48	16.97	8.67
EV/EBITDA Ratio	29.53	36.32	31.73	35.04	77.69	40.16
EV/EBIT Ratio	31.64	38.80	34.64	38.83	87.84	45.77
EV/FCF Ratio	30.30	37.14	24.74	25.85	47.13	23.49
Debt / Equity Ratio	0.53	0.72	-2.31	-3.86	1.32	0.06
Debt / EBITDA Ratio	0.51	0.54	0.76	0.97	1.38	0.09
Debt / FCF Ratio	0.54	0.57	0.62	0.75	0.88	0.06
Asset Turnover	0.68	0.70	0.79	0.73	0.67	0.66
Inventory Turnover	3.01	2.89	3.30	4.93	4.96	4.42
Quick Ratio	1.21	1.36	1.03	1.13	1.45	1.40
Current Ratio	1.33	1.47	1.19	1.24	1.55	1.50
Return on Equity (ROE)	165.17%	338.74%	-	331.50%	73.34%	44.44%
Return on Assets (ROA)	13.02%	13.21%	11.46%	9.93%	8.10%	7.75%
Return on Capital (ROIC)	53.92%	70.81%	109.42%	45.38%	29.22%	26.75%
Return on Capital Employed (ROCE)	33.20%	31.50%	34.90%	30.60%	17.90%	22.20%
Earnings Yield	2.98%	2.41%	2.55%	2.25%	1.03%	2.03%
FCF Yield	3.12%	2.60%	3.85%	3.79%	2.05%	3.97%
Buyback Yield / Dilution	0.23%	2.07%	2.12%	3.59%	0.36%	4.19%

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q