Fortinet Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	60,888	59,053	72,466	44,541	38,208	58,223
Market Cap Growth	-19.34%	-18.51%	62.69%	16.58%	-34.38%	141.14%
Enterprise Value	58,368	55,967	69,394	43,093	36,987	56,676
Last Close Price	82.29	79.41	94.48	58.53	48.89	71.88
PE Ratio	34.00	32.81	41.81	40.09	46.12	98.47
Forward PE	27.61	27.97	40.11	35.89	36.17	82.80
PEG Ratio	2.00	2.01	2.24	1.96	1.64	4.99
PS Ratio	8.95	8.68	12.17	8.40	8.65	17.42
PB Ratio	49.41	47.72	48.51	-96.12	-135.68	74.48
P/TBV Ratio	50.85	49.06	48.82	-99.55	-139.81	76.81
P/FCF Ratio	27.36	26.53	38.56	25.73	26.36	48.37
P/OCF Ratio	23.50	22.80	32.09	23.01	22.08	38.82
EV/Sales Ratio	8.58	8.23	11.65	8.12	8.37	16.96
EV/EBITDA Ratio	26.22	21.75	31.26	26.59	28.51	62.23
EV/EBIT Ratio	28.14	26.85	38.48	34.72	38.15	87.14
EV/FCF Ratio	26.22	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)	16.53%	16.49%	18.27%	16.50%	15.50%	12.78%
Return on Invested Capital (ROIC)	30.78%	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	3.04%	3.05%	2.39%	2.49%	2.17%	1.02%
FCF Yield	3.66%	3.77%	2.59%	3.89%	3.79%	2.07%
Buyback Yield / Dilution	0.95%	0.95%	2.07%	2.12%	3.59%	0.36%
Total Shareholder Return	0.95%	0.95%	2.07%	2.12%	3.59%	0.36%

Updated Feb 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q