Fortinet, Inc. (FTNT)

NASDAQ: FTNT · Real-Time Price · USD

123.57

+1.10 (0.90%)

At close: Nov 10, 2026, 4:00 PM EST

126.26

+2.69 (2.18%)

Pre-market: Nov 11, 2026, 5:01 AM EST

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	Nov '26 Nov 10, 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	90,788	59,053	72,414	44,946	38,195	58,762
Market Cap Growth	49.27%	-18.45%	61.11%	17.68%	-35.00%	143.71%
Enterprise Value	86,550	57,018	69,791	42,833	37,466	56,729
Last Close Price	123.57	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	Nov '26 Nov 10, 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	40.37	31.86	41.49	39.16	44.55	96.84
Forward PE	32.88	27.97	40.11	35.89	36.17	82.80
PS Ratio	11.52	8.69	12.16	8.47	8.65	17.58
PB Ratio	40.40	47.72	48.48	-96.99	-135.63	73.60
P/TBV Ratio	47.82	66.89	63.33	-	-	99.09
P/FCF Ratio	26.46	26.53	38.53	25.96	26.35	48.81
P/OCF Ratio	24.62	22.80	32.07	23.22	22.07	39.18
PEG Ratio	2.12	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	Nov '26 Nov 10, 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	10.98	8.39	11.72	8.07	8.48	16.97
EV/EBITDA Ratio	31.43	25.61	36.32	31.73	35.04	77.69
EV/EBIT Ratio	33.37	27.49	38.80	34.64	38.83	87.84
EV/FCF Ratio	25.22	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	Nov '26 Nov 10, 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	0.25	0.86	0.72	-2.31	-3.86	1.32
Debt / EBITDA Ratio	0.20	0.46	0.54	0.76	0.97	1.38
Debt / FCF Ratio	0.16	0.48	0.57	0.62	0.75	0.88
Net Debt / Equity Ratio	-1.89	-2.04	-2.00	2.95	4.00	-1.87
Net Debt / EBITDA Ratio	-1.54	-1.13	-1.56	-1.01	-1.05	-2.05
Net Debt / FCF Ratio	-1.24	-1.13	-1.59	-0.79	-0.78	-1.24
Asset Turnover	0.74	0.68	0.70	0.79	0.73	0.67
Inventory Turnover	3.14	3.72	2.89	3.30	4.93	4.96
Quick Ratio	1.23	1.05	1.36	1.03	1.13	1.45
Current Ratio	1.40	1.17	1.47	1.19	1.24	1.55
Return on Equity (ROE)	153.08%	135.72%	338.74%	-	331.50%	73.34%
Return on Assets (ROA)	15.22%	12.87%	13.21%	11.46%	9.93%	8.10%
Return on Invested Capital (ROIC)	-	-	-	32.85%	29.58%	-
Return on Capital Employed (ROCE)	37.80%	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	Nov '26 Nov 10, 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	2.48%	3.14%	2.41%	2.55%	2.25%	1.03%
FCF Yield	3.78%	3.77%	2.60%	3.85%	3.79%	2.05%
Buyback Yield / Dilution	3.66%	0.95%	2.07%	2.12%	3.59%	0.36%

SEC Filings: 10-K · 10-Q