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	Mar '26 Mar 16, 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	62,831	59,053	72,466	44,541	38,208	58,223
Market Cap Growth	-24.35%	-18.51%	62.69%	16.58%	-34.38%	141.14%
Enterprise Value	60,310	55,967	69,394	43,093	36,987	56,676
Last Close Price	84.49	79.41	94.48	58.53	48.89	71.88
PE Ratio	34.91	32.81	41.81	40.09	46.12	98.47
Forward PE	28.36	27.97	40.11	35.89	36.17	82.80
PEG Ratio	2.09	2.01	2.24	1.96	1.64	4.99
PS Ratio	9.24	8.68	12.17	8.40	8.65	17.42
PB Ratio	50.73	47.72	48.51	-96.12	-135.68	74.48
P/TBV Ratio	52.20	49.06	48.82	-99.55	-139.81	76.81
P/FCF Ratio	28.23	26.53	38.56	25.73	26.36	48.37
P/OCF Ratio	24.25	22.80	32.09	23.01	22.08	38.82
EV/Sales Ratio	8.87	8.23	11.65	8.12	8.37	16.96
EV/EBITDA Ratio	27.09	21.75	31.26	26.59	28.51	62.23
EV/EBIT Ratio	29.07	26.85	38.48	34.72	38.15	87.14
EV/FCF Ratio	27.10	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	2.95%	3.05%	2.39%	2.49%	2.17%	1.02%
FCF Yield	3.54%	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 Feb 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q