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	Jul 11, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	76,542	72,414	44,946	38,195	58,762	24,111
Market Cap Growth	42.01%	61.11%	17.68%	-35.00%	143.71%	32.05%
Enterprise Value	72,991	69,791	42,833	37,466	56,729	22,503
Last Close Price	100.20	94.48	58.53	48.89	71.88	29.71
PE Ratio	41.16	41.49	39.16	44.55	96.84	49.36
Forward PE	39.57	40.11	35.89	36.17	82.80	42.45
PS Ratio	12.49	12.16	8.47	8.65	17.58	9.29
PB Ratio	39.27	48.48	-96.99	-135.63	73.60	28.17
P/TBV Ratio	47.77	63.33	-	-	99.09	32.97
P/FCF Ratio	37.10	38.53	25.96	26.35	48.81	25.17
P/OCF Ratio	33.48	32.07	23.22	22.07	39.18	22.25
PEG Ratio	2.90	2.24	1.96	1.64	4.99	2.53
EV/Sales Ratio	11.88	11.72	8.07	8.48	16.97	8.67
EV/EBITDA Ratio	35.50	36.32	31.73	35.04	77.69	40.16
EV/EBIT Ratio	37.89	38.80	34.64	38.83	87.84	45.77
EV/FCF Ratio	35.30	37.14	24.74	25.85	47.13	23.49
Debt / Equity Ratio	0.55	0.72	-2.31	-3.86	1.32	0.06
Debt / EBITDA Ratio	0.51	0.54	0.76	0.97	1.38	0.09
Debt / FCF Ratio	0.52	0.57	0.62	0.75	0.88	0.06
Asset Turnover	0.68	0.70	0.79	0.73	0.67	0.66
Inventory Turnover	2.86	2.89	3.30	4.93	4.96	4.42
Quick Ratio	1.26	1.36	1.03	1.13	1.45	1.40
Current Ratio	1.36	1.47	1.19	1.24	1.55	1.50
Return on Equity (ROE)	205.91%	338.74%	-	331.50%	73.34%	44.44%
Return on Assets (ROA)	13.33%	13.21%	11.46%	9.93%	8.10%	7.75%
Return on Capital (ROIC)	60.43%	70.81%	109.42%	45.38%	29.22%	26.75%
Return on Capital Employed (ROCE)	33.90%	31.50%	34.90%	30.60%	17.90%	22.20%
Earnings Yield	2.45%	2.41%	2.55%	2.25%	1.03%	2.03%
FCF Yield	2.70%	2.60%	3.85%	3.79%	2.05%	3.97%
Buyback Yield / Dilution	1.15%	2.07%	2.12%	3.59%	0.36%	4.19%

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q