Fortinet, Inc. (FTNT)

NASDAQ: FTNT · Real-Time Price · USD

178.74

+4.48 (2.57%)

At close: Sep 23, 2026, 4:00 PM EDT

177.46

-1.28 (-0.72%)

Pre-market: Sep 24, 2026, 8:59 AM EDT

Fortinet Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 23, 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	131,144	59,053	72,414	44,946	38,195	58,762
Market Cap Growth	103.24%	-18.45%	61.11%	17.68%	-35.00%	143.71%
Enterprise Value	127,636	57,018	69,791	42,833	37,466	56,729
Last Close Price	178.74	79.41	94.48	58.53	48.89	71.88

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 23, 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
PE Ratio	63.16	31.86	41.49	39.16	44.55	96.84
Forward PE	50.93	27.97	40.11	35.89	36.17	82.80
PS Ratio	17.42	8.69	12.16	8.47	8.65	17.58
PB Ratio	84.54	47.72	48.48	-96.99	-135.63	73.60
P/TBV Ratio	107.80	66.89	63.33	-	-	99.09
P/FCF Ratio	42.07	26.53	38.53	25.96	26.35	48.81
P/OCF Ratio	38.62	22.80	32.07	23.22	22.07	39.18
PEG Ratio	3.08	2.01	2.24	1.96	1.64	4.99

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 23, 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
EV/Sales Ratio	16.96	8.39	11.72	8.07	8.48	16.97
EV/EBITDA Ratio	49.17	25.61	36.32	31.73	35.04	77.69
EV/EBIT Ratio	52.38	27.49	38.80	34.64	38.83	87.84
EV/FCF Ratio	40.95	25.62	37.14	24.74	25.85	47.13

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 23, 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
Debt / Equity Ratio	0.36	0.86	0.72	-2.31	-3.86	1.32
Debt / EBITDA Ratio	0.21	0.46	0.54	0.76	0.97	1.38
Debt / FCF Ratio	0.18	0.48	0.57	0.62	0.75	0.88
Net Debt / Equity Ratio	-2.26	-2.04	-2.00	2.95	4.00	-1.87
Net Debt / EBITDA Ratio	-1.35	-1.13	-1.56	-1.01	-1.05	-2.05
Net Debt / FCF Ratio	-1.13	-1.13	-1.59	-0.79	-0.78	-1.24
Asset Turnover	0.70	0.68	0.70	0.79	0.73	0.67
Inventory Turnover	3.58	3.72	2.89	3.30	4.93	4.96
Quick Ratio	1.14	1.05	1.36	1.03	1.13	1.45
Current Ratio	1.28	1.17	1.47	1.19	1.24	1.55
Return on Equity (ROE)	117.44%	135.72%	338.74%	-	331.50%	73.34%
Return on Assets (ROA)	14.17%	12.87%	13.21%	11.46%	9.93%	8.10%
Return on Invested Capital (ROIC)	-	-	151.64%	32.85%	76.00%	-
Return on Capital Employed (ROCE)	40.50%	38.70%	31.50%	34.90%	30.60%	17.90%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 23, 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
Earnings Yield	1.62%	3.14%	2.41%	2.55%	2.25%	1.03%
FCF Yield	2.38%	3.77%	2.60%	3.85%	3.79%	2.05%
Buyback Yield / Dilution	3.40%	0.95%	2.07%	2.12%	3.59%	0.36%

SEC Filings: 10-K · 10-Q