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	May '26 May 19, 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	93,515	59,002	72,466	44,541	38,208	58,223
Market Cap Growth	11.89%	-18.58%	62.69%	16.58%	-34.38%	141.14%
Enterprise Value	90,788	55,916	69,394	43,093	36,987	56,676
Last Close Price	127.64	79.41	94.48	58.53	48.89	71.88
PE Ratio	49.49	32.81	41.81	40.09	46.12	98.47
Forward PE	40.89	27.97	40.11	35.89	36.17	82.80
PEG Ratio	3.08	2.01	2.24	1.96	1.64	4.99
PS Ratio	13.15	8.68	12.17	8.40	8.65	17.42
PB Ratio	94.66	47.68	48.51	-96.12	-135.68	74.48
P/TBV Ratio	97.52	49.06	48.82	-99.55	-139.81	76.81
P/FCF Ratio	38.40	26.51	38.56	25.73	26.36	48.37
P/OCF Ratio	33.35	22.78	32.09	23.01	22.08	38.82
EV/Sales Ratio	12.77	8.22	11.65	8.12	8.37	16.96
EV/EBITDA Ratio	38.45	21.73	31.26	26.59	28.51	62.23
EV/EBIT Ratio	41.17	26.82	38.48	34.72	38.15	87.14
EV/FCF Ratio	37.28	25.12	36.93	24.89	25.52	47.08
Debt / Equity Ratio	0.50	0.40	0.67	-2.14	-3.52	1.24
Debt / EBITDA Ratio	0.18	0.39	0.45	0.61	0.76	1.09
Debt / FCF Ratio	0.20	0.45	0.53	0.57	0.68	0.82
Net Debt / Equity Ratio	-2.83	-2.09	-2.06	3.13	4.34	-2.00
Net Debt / EBITDA Ratio	-1.03	-1.00	-1.38	-0.89	-0.94	-1.72
Net Debt / FCF Ratio	-1.15	-1.16	-1.63	-0.84	-0.84	-1.30
Asset Turnover	0.70	0.67	0.70	0.79	0.73	0.67
Inventory Turnover	3.64	3.72	2.89	3.30	4.93	4.96
Quick Ratio	1.03	1.05	1.36	1.03	1.13	1.45
Current Ratio	1.15	1.17	1.47	1.19	1.24	1.55
Return on Equity (ROE)	175.48%	136.47%	333.04%	-296.83%	305.15%	72.42%
Return on Assets (ROA)	17.62%	16.71%	18.27%	16.42%	15.45%	12.76%
Return on Invested Capital (ROIC)	30.80%	31.12%	35.09%	30.60%	30.69%	27.66%
Return on Capital Employed (ROCE)	41.66%	37.71%	39.02%	37.11%	28.73%	22.37%
Earnings Yield	2.09%	3.05%	2.39%	2.49%	2.17%	1.02%
FCF Yield	2.60%	3.77%	2.59%	3.89%	3.79%	2.07%
Buyback Yield / Dilution	2.25%	0.95%	2.07%	2.12%	3.59%	0.36%
Total Shareholder Return	2.25%	0.95%	2.07%	2.12%	3.59%	0.36%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q