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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
163.49
+1.54 (0.95%)
Aug 3, 2026, 1:48 PM 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 2021
Period Ending
Aug '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
Market Cap
119,955112,69659,98259,00262,46380,93974,04372,46659,38046,05852,13444,54145,55359,38452,13138,20838,32644,60854,76958,223
Market Cap Growth (YoY)
54.08%39.23%-18.99%-18.58%5.19%75.73%42.02%62.69%30.35%-22.44%0.01%16.58%18.86%33.12%-4.82%-34.38%-19.67%14.68%81.88%141.14%
Enterprise Value
116,175109,12357,18456,41560,33677,37270,25869,39456,67343,71250,10443,09343,37657,06150,24336,98737,59843,85553,63256,676
Last Close Price
163.49153.6281.7279.4184.08105.7296.2694.4877.5560.2768.3158.5358.6875.5966.4648.8949.1356.5868.3571.88

Price Ratios

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Aug '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
PE Ratio
57.2354.0931.5532.8134.6042.1239.6141.8139.1735.6644.6540.0940.4756.8354.9346.1253.9969.8589.9398.47
Forward PE
46.2149.2027.4327.9732.4541.8338.9640.1137.1733.9940.0335.8937.3250.6547.0236.1741.5752.4968.9982.80
PEG Ratio
3.013.702.022.012.383.062.902.242.492.292.471.962.112.712.681.641.972.713.794.99
PS Ratio
15.9014.978.448.689.5312.7712.0512.1710.408.329.668.408.8111.9111.038.659.3511.6915.2717.42
PB Ratio
76.6072.6660.6147.6884.9739.2837.7248.5165.39159.81-379.16-96.12614.75184.884572.91-135.68-60.38-113.53251.5874.48
P/TBV Ratio
100.5294.4595.7668.78176.9448.7746.3763.78102.46359.48---398.99----1466.44101.25
P/FCF Ratio
38.4036.1624.6326.5130.7939.8235.8138.5635.6929.2830.8025.7322.0730.0228.5926.3632.8240.4745.1348.37
P/OCF Ratio
35.2433.1821.3922.7825.5233.7132.3232.0930.1124.0524.9623.0120.0526.9525.9122.0824.4230.0434.6738.82

EV Ratios

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Aug '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
EV/Sales Ratio
15.4314.508.048.309.2012.2111.4411.659.927.899.298.128.3911.4410.638.379.1711.4914.9516.96
EV/EBITDA Ratio
39.1436.7621.0321.9324.1132.1729.7031.2628.0423.6729.8426.5927.4637.3335.0928.5132.9342.6855.8062.23
EV/EBIT Ratio
47.5744.6825.8627.0629.6839.5436.2938.4835.1030.2138.8834.7235.7448.5346.0138.1545.4860.2778.8987.14
EV/FCF Ratio
37.2735.0123.4825.3529.7538.0633.9836.9334.0627.7829.6024.8921.0228.8527.5625.5232.2039.7944.2047.08

Financial Efficiency

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Aug '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
Debt / Equity Ratio
0.320.320.500.400.680.240.250.671.093.45-7.22-2.1413.383.0986.92-3.52-1.59-2.614.241.24
Debt / EBITDA Ratio
0.170.170.180.390.400.410.420.450.490.540.590.610.630.650.690.760.870.961.031.09
Debt / FCF Ratio
0.160.160.200.450.490.490.480.530.600.630.590.570.480.500.540.680.850.900.820.82
Net Debt / Equity Ratio
-2.30-2.30-2.83-2.09-2.89-1.73-1.93-2.06-2.98-8.1414.773.13-29.38-7.23-165.634.341.171.95-5.29-2.00
Net Debt / EBITDA Ratio
-1.20-1.20-1.03-1.00-0.85-1.48-1.60-1.38-1.34-1.27-1.21-0.89-1.38-1.52-1.32-0.94-0.65-0.74-1.20-1.72
Net Debt / FCF Ratio
-1.15-1.15-1.15-1.16-1.05-1.75-1.83-1.63-1.63-1.49-1.20-0.84-1.05-1.17-1.04-0.84-0.63-0.69-0.95-1.30
Asset Turnover
0.710.710.700.670.690.620.610.700.710.720.720.790.750.730.720.730.730.680.620.67
Inventory Turnover
3.613.613.643.723.383.293.382.892.762.802.673.303.333.694.024.935.195.094.884.96
Quick Ratio
1.141.141.031.050.901.211.261.361.221.191.061.031.151.251.221.130.971.011.171.45
Current Ratio
1.281.281.151.171.031.331.361.471.341.321.201.191.301.391.341.241.071.121.281.55
Return on Equity (ROE)
152.04%152.04%175.55%134.96%167.69%109.16%109.44%344.45%703.08%-1536.76%-408.05%-319.44%-1184.10%5746.46%-775.50%357.86%876.20%333.29%126.77%74.26%
Return on Assets (ROA)
18.58%18.58%17.62%16.71%17.66%16.31%16.27%18.27%16.89%16.34%15.26%16.42%16.91%15.95%15.82%15.45%14.22%13.19%11.86%12.76%
Return on Invested Capital (ROIC)
---------138.70%30.76%154.11%--162.28%32.89%30.69%85.00%--
Return on Capital Employed (ROCE)
42.95%42.95%41.66%37.71%39.57%33.84%34.02%39.02%37.96%36.78%34.82%37.11%34.77%32.96%32.50%28.73%26.85%23.24%20.17%22.37%

Yields

Fiscal Quarter
CurrentQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Aug '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
Earnings Yield
1.77%1.85%3.17%3.05%2.89%2.37%2.52%2.39%2.55%2.80%2.24%2.49%2.47%1.76%1.82%2.17%1.85%1.43%1.11%1.02%
FCF Yield
2.60%2.77%4.06%3.77%3.25%2.51%2.79%2.59%2.80%3.42%3.25%3.89%4.53%3.33%3.50%3.79%3.05%2.47%2.22%2.07%
Buyback Yield / Dilution
3.40%3.38%2.23%0.95%-0.04%0.24%1.15%2.07%2.76%2.38%2.00%2.12%2.82%3.78%4.08%3.59%2.07%0.55%-0.46%0.36%
Total Shareholder Return
3.40%3.38%2.23%0.95%-0.04%0.24%1.15%2.07%2.76%2.38%2.00%2.12%2.82%3.78%4.08%3.59%2.07%0.55%-0.46%0.36%
SEC Filings: 10-K · 10-Q