Fortinet, Inc. (FTNT)

Fortinet Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Quarter	Current	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020
Period Ending	Jan 23, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Market Capitalization	60,711	64,428	80,920	74,021	72,414	59,319	46,043	52,123	44,946	46,084	59,353	52,109	38,195	38,740	45,413	54,957	58,762	47,696	38,901	30,096	24,111
Market Cap Growth	-17.43%	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%	75.31%	72.44%	32.05%
Enterprise Value	58,677	60,953	77,216	71,028	69,791	57,056	44,102	50,754	42,833	43,834	57,545	50,984	37,466	37,988	44,276	53,477	56,729	45,633	37,007	28,311	22,503
Last Close Price	81.64	84.08	105.72	96.26	94.48	77.55	60.27	68.31	58.53	58.68	75.59	66.46	48.89	49.13	56.58	68.35	71.88	58.41	47.64	36.88	29.71
PE Ratio	33.60	34.39	41.72	39.39	41.49	38.77	35.07	43.46	39.16	40.05	56.03	53.91	44.55	52.18	67.38	86.14	96.84	86.02	75.57	61.28	49.36
Forward PE	28.68	32.45	41.83	38.96	40.11	37.17	33.99	40.03	35.89	37.32	50.65	47.02	36.17	41.57	52.49	68.99	82.80	71.27	61.95	49.99	42.45
PS Ratio	9.52	9.83	12.77	12.05	12.16	10.39	8.32	9.66	8.47	8.91	11.90	11.03	8.65	9.45	11.90	15.32	17.58	15.26	13.37	11.04	9.29
PB Ratio	82.51	87.65	39.27	37.71	48.48	65.32	159.76	-379.07	-96.99	621.91	184.79	4570.97	-135.63	-62.20	-119.63	235.67	73.60	42.00	37.04	30.69	28.17
P/TBV Ratio	165.61	175.74	48.22	46.11	63.33	101.63	353.90	-	-	-	394.11	-	-	-	-	1416.42	99.09	51.87	42.18	35.44	32.97
P/FCF Ratio	29.93	31.76	39.81	35.80	38.53	35.65	29.27	30.79	25.96	22.33	30.01	28.58	26.35	33.18	41.20	45.29	48.81	38.08	35.10	32.37	25.17
P/OCF Ratio	24.80	26.32	33.70	32.31	32.07	30.08	24.04	24.96	23.22	20.28	26.93	25.90	22.07	24.69	30.58	34.78	39.18	33.37	31.09	27.86	22.25
PEG Ratio	2.10	2.38	3.06	2.90	2.24	2.49	2.29	2.47	1.96	2.11	2.71	2.68	1.64	1.97	2.71	3.79	4.99	4.06	4.01	3.09	2.53
EV/Sales Ratio	8.95	9.30	12.18	11.56	11.72	9.99	7.97	9.41	8.07	8.47	11.54	10.79	8.48	9.27	11.60	14.91	16.97	14.60	12.72	10.38	8.67
EV/EBITDA Ratio	27.03	28.08	37.02	34.54	36.32	33.02	28.29	36.28	31.73	33.22	44.96	42.71	35.04	41.10	53.88	69.65	77.69	67.49	58.70	47.13	40.16
EV/EBIT Ratio	29.00	30.13	39.66	36.88	38.80	35.44	30.58	39.52	34.64	36.26	49.13	46.89	38.83	46.21	61.24	79.20	87.84	76.02	65.99	53.20	45.77
EV/FCF Ratio	28.93	30.05	37.99	34.35	37.14	34.29	28.03	29.98	24.74	21.24	29.09	27.97	25.85	32.53	40.17	44.07	47.13	36.43	33.39	30.45	23.49
Debt / Equity Ratio	1.48	1.48	0.53	0.55	0.72	1.19	3.73	-7.87	-2.31	14.26	3.31	93.95	-3.86	-1.59	-2.61	4.24	1.32	0.94	1.00	1.06	0.06
Debt / EBITDA Ratio	0.49	0.49	0.51	0.51	0.54	0.60	0.66	0.74	0.76	0.77	0.80	0.86	0.97	1.07	1.20	1.29	1.38	1.52	1.59	1.66	0.09
Debt / FCF Ratio	0.54	0.54	0.54	0.52	0.57	0.65	0.68	0.64	0.62	0.51	0.54	0.59	0.75	0.85	0.90	0.82	0.88	0.86	0.95	1.12	0.06
Asset Turnover	0.72	0.72	0.68	0.68	0.70	0.70	0.71	0.75	0.79	0.81	0.78	0.76	0.73	0.73	0.70	0.66	0.67	0.65	0.66	0.64	0.66
Inventory Turnover	3.21	3.21	3.01	2.86	2.89	2.82	3.20	3.33	3.30	3.57	4.14	4.67	4.93	5.16	5.47	5.27	4.96	4.62	4.71	4.70	4.42
Quick Ratio	0.90	0.90	1.21	1.26	1.36	1.22	1.19	1.06	1.03	1.15	1.25	1.22	1.13	0.97	1.01	1.17	1.45	1.70	1.85	1.90	1.40
Current Ratio	1.03	1.03	1.33	1.36	1.47	1.34	1.32	1.20	1.19	1.30	1.39	1.34	1.24	1.07	1.12	1.28	1.55	1.80	1.96	2.01	1.50
Return on Equity (ROE)	228.04%	228.04%	165.17%	205.91%	338.74%	311.53%	430.88%	-	-	-	-	789.86%	331.50%	289.24%	200.93%	105.07%	73.34%	60.00%	64.59%	64.74%	44.44%
Return on Assets (ROA)	13.88%	13.88%	13.02%	13.33%	13.21%	12.32%	11.60%	11.08%	11.46%	11.79%	11.46%	10.89%	9.93%	9.09%	8.33%	7.72%	8.10%	7.85%	7.89%	7.84%	7.75%
Return on Capital Employed (ROCE)	44.20%	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%	15.80%	15.60%	22.20%
Earnings Yield	3.09%	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%	1.32%	1.63%	2.03%
FCF Yield	3.34%	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%	2.85%	3.09%	3.97%
Buyback Yield / Dilution	-0.04%	-0.04%	0.23%	1.15%	2.07%	2.76%	2.39%	2.00%	2.12%	2.82%	3.78%	4.09%	3.59%	2.09%	0.57%	-0.45%	0.36%	2.01%	3.63%	5.20%	4.19%

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q