Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
170.52
-0.98 (-0.57%)
Oct 20, 2026, 11:31 AM EDT - Market open
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 | Oct '26 Oct 20, 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 |
| 125,113 | 59,053 | 72,414 | 44,946 | 38,195 | 58,762 | |
Market Cap Growth | 95.68% | -18.45% | 61.11% | 17.68% | -35.00% | 143.71% |
Enterprise Value | 121,605 | 57,018 | 69,791 | 42,833 | 37,466 | 56,729 |
Last Close Price | 171.50 | 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 | Oct '26 Oct 20, 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 | 60.23 | 31.86 | 41.49 | 39.16 | 44.55 | 96.84 |
Forward PE | 48.53 | 27.97 | 40.11 | 35.89 | 36.17 | 82.80 |
PS Ratio | 16.68 | 8.69 | 12.16 | 8.47 | 8.65 | 17.58 |
PB Ratio | 81.11 | 47.72 | 48.48 | -96.99 | -135.63 | 73.60 |
P/TBV Ratio | 103.21 | 66.89 | 63.33 | - | - | 99.09 |
P/FCF Ratio | 40.28 | 26.53 | 38.53 | 25.96 | 26.35 | 48.81 |
P/OCF Ratio | 36.97 | 22.80 | 32.07 | 23.22 | 22.07 | 39.18 |
PEG Ratio | 2.99 | 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 | Oct '26 Oct 20, 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 | 16.22 | 8.39 | 11.72 | 8.07 | 8.48 | 16.97 |
EV/EBITDA Ratio | 47.02 | 25.61 | 36.32 | 31.73 | 35.04 | 77.69 |
EV/EBIT Ratio | 50.09 | 27.49 | 38.80 | 34.64 | 38.83 | 87.84 |
EV/FCF Ratio | 39.16 | 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 | Oct '26 Oct 20, 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 | Oct '26 Oct 20, 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 | 1.69% | 3.14% | 2.41% | 2.55% | 2.25% | 1.03% |
FCF Yield | 2.48% | 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% |