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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
172.54
+1.04 (0.61%)
Oct 20, 2026, 10:28 AM EDT - Market open

Fortinet Ratios and Metrics

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Oct '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Market Capitalization
126,595112,54960,46759,05364,42880,92074,02172,41459,31946,04352,12344,94646,08459,35352,10938,19538,74045,41354,95758,76247,696
Market Cap Growth (YoY)
97.67%39.09%-18.31%-18.45%8.61%75.75%42.01%61.11%28.72%-22.43%0.03%17.68%18.96%30.70%-5.18%-35.00%-18.78%16.74%82.61%143.71%150.17%
Enterprise Value
123,087109,82257,94657,01860,95377,21671,02869,79157,05644,10250,75442,83343,83457,54550,98437,46637,98844,27653,47756,72945,633
Last Close Price
171.50153.6281.7279.4184.08105.7296.2694.4877.5560.2768.3158.5358.6875.5966.4648.8949.1356.5868.3571.8858.41

Price Ratios

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Oct '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
60.9753.0730.9431.8634.3941.7239.3941.4938.7735.0743.4639.1640.0556.0353.9144.5552.1867.3886.1496.8486.02
Forward PE
49.1349.2027.4327.9732.4541.8338.9640.1137.1733.9940.0335.8937.3250.6547.0236.1741.5752.4968.9982.8071.27
PS Ratio
16.7214.958.518.699.8312.7712.0512.1610.398.329.668.478.9111.9011.038.659.4511.9015.3217.5815.26
PB Ratio
81.1172.5661.1047.7287.6539.2737.7148.4865.32159.76-379.07-96.99621.91184.794570.97-135.63-62.20-119.63235.6773.6042.00
P/TBV Ratio
103.4392.5193.7066.89175.7448.2246.1163.33101.63353.90---394.11----1416.4299.0951.87
P/FCF Ratio
40.3736.1124.8326.5331.7639.8135.8038.5335.6529.2730.7925.9622.3330.0128.5826.3533.1841.2045.2948.8138.08
P/OCF Ratio
37.0533.1421.5622.8026.3233.7032.3132.0730.0824.0424.9623.2220.2826.9325.9022.0724.6930.5834.7839.1833.37
PEG Ratio
2.993.702.022.012.383.062.902.242.492.292.471.962.112.712.681.641.972.713.794.994.06

EV Ratios

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Oct '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
EV/Sales Ratio
16.2514.598.158.399.3012.1811.5611.729.997.979.418.078.4711.5410.798.489.2711.6014.9116.9714.60
EV/EBITDA Ratio
47.1242.3124.5425.6128.0837.0234.5436.3233.0228.2936.2831.7333.2244.9642.7135.0441.1053.8869.6577.6967.49
EV/EBIT Ratio
50.2045.0726.2827.4930.1339.6636.8838.8035.4430.5839.5234.6436.2649.1346.8938.8346.2161.2479.2087.8476.02
EV/FCF Ratio
39.2435.2323.7925.6230.0537.9934.3537.1434.2928.0329.9824.7421.2429.0927.9725.8532.5340.1744.0747.1336.43

Financial Efficiency

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Oct '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Debt / Equity Ratio
0.360.360.570.861.480.530.550.721.193.73-7.87-2.3114.263.3193.95-3.86-1.59-2.614.241.320.94
Debt / EBITDA Ratio
0.210.190.220.390.450.530.540.430.520.560.750.620.770.840.860.690.851.131.411.071.36
Debt / FCF Ratio
0.180.180.230.480.540.540.520.570.650.680.640.620.510.540.590.750.850.900.820.880.86
Net Debt / Equity Ratio
-2.26-2.26-2.76-2.04-2.77-1.69-1.89-2.00-2.89-7.8514.112.95-28.51-7.00-158.604.001.192.02-4.94-1.87-1.80
Net Debt / EBITDA Ratio
-1.35-1.35-1.15-1.13-0.94-1.66-1.80-1.56-1.52-1.45-1.39-1.01-1.60-1.76-1.51-1.05-0.80-0.93-1.50-2.05-3.03
Net Debt / FCF Ratio
-1.13-1.13-1.12-1.13-1.00-1.71-1.79-1.59-1.58-1.44-1.15-0.79-1.02-1.14-0.99-0.78-0.63-0.69-0.95-1.24-1.64
Asset Turnover
0.790.730.770.690.620.610.710.710.730.730.770.710.720.770.890.870.750.660.650.60
Inventory Turnover
3.584.073.793.773.193.283.463.762.862.672.642.653.013.494.344.955.515.285.635.165.16
Quick Ratio
1.141.141.031.050.901.211.261.361.221.191.061.031.151.251.221.130.971.011.171.451.70
Current Ratio
1.281.281.151.171.031.331.361.471.341.321.201.191.301.391.341.241.071.121.281.551.80
Return on Equity (ROE)
190.90%191.99%205.21%135.62%87.51%100.30%175.26%361.05%2016.19%--653.48%640.53%----107.25%82.23%59.73%
Return on Assets (ROA)
16.58%14.27%15.80%13.65%10.85%11.09%15.39%13.89%13.87%10.73%13.03%10.09%9.70%10.42%15.42%12.44%8.87%6.48%8.99%7.17%
Return on Invested Capital (ROIC)
--------38.47%7.64%39.18%--37.07%12.14%9.07%22.00%---
Return on Capital Employed (ROCE)
40.50%40.50%41.90%38.70%44.20%33.20%33.90%31.50%32.40%33.30%33.30%34.90%31.60%29.40%30.50%30.60%32.20%27.20%21.50%17.90%15.90%

Yields

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Oct '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Earnings Yield
1.69%1.88%3.23%3.14%2.91%2.40%2.54%2.41%2.58%2.85%2.30%2.55%2.50%1.79%1.85%2.25%1.92%1.48%1.16%1.03%1.16%
FCF Yield
2.48%2.77%4.03%3.77%3.15%2.51%2.79%2.60%2.80%3.42%3.25%3.85%4.48%3.33%3.50%3.79%3.01%2.43%2.21%2.05%2.63%
Buyback Yield / Dilution
3.40%4.25%4.38%3.51%1.39%-0.36%-0.82%-0.38%2.44%3.27%2.89%2.46%0.93%1.75%3.34%5.17%4.77%3.03%1.35%-0.91%-1.28%
SEC Filings: 10-K · 10-Q