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	Feb '26 Feb 24, 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 Capitalization	55,818	59,053	72,414	44,946	38,195	58,762
Market Cap Growth	-30.69%	-18.45%	61.11%	17.68%	-35.00%	143.71%
Enterprise Value	53,403	57,018	69,791	42,833	37,466	56,729
Last Close Price	75.60	79.41	94.48	58.53	48.89	71.88
PE Ratio	31.03	31.86	41.49	39.16	44.55	96.84
Forward PE	25.20	27.97	40.11	35.89	36.17	82.80
PS Ratio	8.23	8.69	12.16	8.47	8.65	17.58
PB Ratio	45.40	47.72	48.48	-96.99	-135.63	73.60
P/TBV Ratio	63.42	66.89	63.33	-	-	99.09
P/FCF Ratio	25.15	26.53	38.53	25.96	26.35	48.81
P/OCF Ratio	21.61	22.80	32.07	23.22	22.07	39.18
PEG Ratio	1.87	2.01	2.24	1.96	1.64	4.99
EV/Sales Ratio	7.85	8.39	11.72	8.07	8.48	16.97
EV/EBITDA Ratio	23.99	25.61	36.32	31.73	35.04	77.69
EV/EBIT Ratio	25.75	27.49	38.80	34.64	38.83	87.84
EV/FCF Ratio	23.99	25.62	37.14	24.74	25.85	47.13
Debt / Equity Ratio	0.81	0.81	0.72	-2.31	-3.86	1.32
Debt / EBITDA Ratio	0.45	0.45	0.54	0.76	0.97	1.38
Debt / FCF Ratio	0.45	0.45	0.57	0.62	0.75	0.88
Net Debt / Equity Ratio	-2.09	-2.09	-2.00	2.95	4.00	-1.87
Net Debt / EBITDA Ratio	-1.16	-1.16	-1.56	-1.01	-1.05	-2.05
Net Debt / FCF Ratio	-1.16	-1.16	-1.59	-0.79	-0.78	-1.24
Asset Turnover	0.68	0.68	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%	-	331.50%	73.34%
Return on Assets (ROA)	12.87%	12.87%	13.21%	11.46%	9.93%	8.10%
Return on Capital Employed (ROCE)	38.70%	38.70%	31.50%	34.90%	30.60%	17.90%
Earnings Yield	3.31%	3.14%	2.41%	2.55%	2.25%	1.03%
FCF Yield	3.98%	3.77%	2.60%	3.85%	3.79%	2.05%
Buyback Yield / Dilution	0.95%	0.95%	2.07%	2.12%	3.59%	0.36%

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q