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	Jan 8, 2026	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	58,005	72,414	44,946	38,195	58,762	24,111
Market Cap Growth	-18.94%	61.11%	17.68%	-35.00%	143.71%	32.05%
Enterprise Value	57,472	69,791	42,833	37,466	56,729	22,503
Last Close Price	80.02	94.48	58.53	48.89	71.88	29.71
PE Ratio	32.10	41.49	39.16	44.55	96.84	49.36
Forward PE	27.48	40.11	35.89	36.17	82.80	42.45
PS Ratio	9.33	12.16	8.47	8.65	17.58	9.29
PB Ratio	80.87	48.48	-96.99	-135.63	73.60	28.17
P/TBV Ratio	162.32	63.33	-	-	99.09	32.97
P/FCF Ratio	29.34	38.53	25.96	26.35	48.81	25.17
P/OCF Ratio	24.31	32.07	23.22	22.07	39.18	22.25
PEG Ratio	2.02	2.24	1.96	1.64	4.99	2.53
EV/Sales Ratio	8.77	11.72	8.07	8.48	16.97	8.67
EV/EBITDA Ratio	26.48	36.32	31.73	35.04	77.69	40.16
EV/EBIT Ratio	28.41	38.80	34.64	38.83	87.84	45.77
EV/FCF Ratio	28.33	37.14	24.74	25.85	47.13	23.49
Debt / Equity Ratio	1.48	0.72	-2.31	-3.86	1.32	0.06
Debt / EBITDA Ratio	0.49	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	0.72	0.70	0.79	0.73	0.67	0.66
Inventory Turnover	3.21	2.89	3.30	4.93	4.96	4.42
Quick Ratio	0.90	1.36	1.03	1.13	1.45	1.40
Current Ratio	1.03	1.47	1.19	1.24	1.55	1.50
Return on Equity (ROE)	228.04%	338.74%	-	331.50%	73.34%	44.44%
Return on Assets (ROA)	13.88%	13.21%	11.46%	9.93%	8.10%	7.75%
Return on Capital (ROIC)	66.39%	70.81%	109.42%	45.38%	29.22%	26.75%
Return on Capital Employed (ROCE)	44.20%	31.50%	34.90%	30.60%	17.90%	22.20%
Earnings Yield	3.15%	2.41%	2.55%	2.25%	1.03%	2.03%
FCF Yield	3.41%	2.60%	3.85%	3.79%	2.05%	3.97%
Buyback Yield / Dilution	-0.04%	2.07%	2.12%	3.59%	0.36%	4.19%

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q