Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
160.84
-1.05 (-0.65%)
At close: Aug 12, 2026, 4:00 PM EDT
160.82
-0.02 (-0.01%)
Pre-market: Aug 13, 2026, 6:07 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 | Aug '26 Aug 12, 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 |
| 118,011 | 59,002 | 72,466 | 44,541 | 38,208 | 58,223 | |
Market Cap Growth | 107.03% | -18.58% | 62.69% | 16.58% | -34.38% | 141.14% |
Enterprise Value | 114,502 | 56,415 | 69,394 | 43,093 | 36,987 | 56,676 |
Last Close Price | 160.84 | 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 | Aug '26 Aug 12, 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 | 56.83 | 32.81 | 41.81 | 40.09 | 46.12 | 98.47 |
Forward PE | 45.89 | 27.97 | 40.11 | 35.89 | 36.17 | 82.80 |
PEG Ratio | 2.99 | 2.01 | 2.24 | 1.96 | 1.64 | 4.99 |
PS Ratio | 15.68 | 8.68 | 12.17 | 8.40 | 8.65 | 17.42 |
PB Ratio | 76.07 | 47.68 | 48.51 | -96.12 | -135.68 | 74.48 |
P/TBV Ratio | 98.89 | 68.78 | 63.78 | - | - | 101.25 |
P/FCF Ratio | 37.86 | 26.51 | 38.56 | 25.73 | 26.36 | 48.37 |
P/OCF Ratio | 34.75 | 22.78 | 32.09 | 23.01 | 22.08 | 38.82 |
EV Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 12, 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 | 15.21 | 8.30 | 11.65 | 8.12 | 8.37 | 16.96 |
EV/EBITDA Ratio | 38.57 | 21.93 | 31.26 | 26.59 | 28.51 | 62.23 |
EV/EBIT Ratio | 46.88 | 27.06 | 38.48 | 34.72 | 38.15 | 87.14 |
EV/FCF Ratio | 36.73 | 25.35 | 36.93 | 24.89 | 25.52 | 47.08 |
Financial Efficiency
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 12, 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 | 0.32 | 0.40 | 0.67 | -2.14 | -3.52 | 1.24 |
Debt / EBITDA Ratio | 0.17 | 0.39 | 0.45 | 0.61 | 0.76 | 1.09 |
Debt / FCF Ratio | 0.16 | 0.45 | 0.53 | 0.57 | 0.68 | 0.82 |
Net Debt / Equity Ratio | -2.30 | -2.09 | -2.06 | 3.13 | 4.34 | -2.00 |
Net Debt / EBITDA Ratio | -1.20 | -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 | 0.71 | 0.67 | 0.70 | 0.79 | 0.73 | 0.67 |
Inventory Turnover | 3.61 | 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) | 152.04% | 134.96% | 344.45% | -319.44% | 357.86% | 74.26% |
Return on Assets (ROA) | 18.58% | 16.71% | 18.27% | 16.42% | 15.45% | 12.76% |
Return on Invested Capital (ROIC) | - | - | 158.52% | 33.11% | 78.70% | - |
Return on Capital Employed (ROCE) | 42.95% | 37.71% | 39.02% | 37.11% | 28.73% | 22.37% |
Yields
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 12, 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 | 1.80% | 3.05% | 2.39% | 2.49% | 2.17% | 1.02% |
FCF Yield | 2.64% | 3.77% | 2.59% | 3.89% | 3.79% | 2.07% |
Buyback Yield / Dilution | 3.40% | 0.95% | 2.07% | 2.12% | 3.59% | 0.36% |
Total Shareholder Return | 3.40% | 0.95% | 2.07% | 2.12% | 3.59% | 0.36% |