Fortinet, Inc. (FTNT)

Fortinet Ratios and Metrics

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

Fiscal Quarter	Current	Q4 2025	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
Period Ending	Apr 1, 2026	Dec 31, 2025	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
Market Cap	60,045	59,053	62,463	80,939	74,043	72,466	59,380	46,058	52,134	44,541	45,553	59,384	52,131	38,208	38,326	44,608	54,769	58,223	47,709	38,898
Market Cap Growth	-18.91%	-18.51%	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%	149.54%	75.16%
Enterprise Value	57,524	55,967	59,836	76,873	69,759	69,394	56,673	43,712	50,104	43,093	43,376	57,061	50,243	36,987	37,598	43,855	53,632	56,676	45,594	36,772
Last Close Price	81.15	79.41	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
PE Ratio	33.53	32.68	34.60	42.12	39.61	41.81	39.17	35.66	44.65	40.37	40.47	56.83	54.93	45.69	53.99	69.85	89.93	100.11	89.04	77.34
Forward PE	27.24	27.97	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
PEG Ratio	2.00	2.01	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
PS Ratio	8.83	8.68	9.53	12.77	12.05	12.17	10.40	8.32	9.66	8.40	8.81	11.91	11.03	8.65	9.35	11.69	15.27	17.42	15.26	13.36
PB Ratio	48.72	47.72	84.97	39.28	37.72	48.51	65.39	159.81	-379.16	-96.12	614.75	184.88	4572.91	-135.68	-60.38	-113.53	251.58	74.48	42.67	37.04
P/TBV Ratio	50.14	49.07	88.24	39.72	37.93	48.82	65.86	162.28	-388.73	-99.55	628.04	187.08	4654.97	-139.82	-63.17	-118.97	261.36	76.80	43.54	37.68
P/FCF Ratio	26.98	26.53	30.79	39.82	35.81	38.56	35.69	29.27	30.80	25.73	22.07	30.02	28.59	26.36	32.82	40.47	45.13	48.37	38.09	35.09
P/OCF Ratio	23.18	22.80	25.52	33.71	32.32	32.09	30.11	24.05	24.96	23.01	20.05	26.95	25.91	22.08	24.42	30.04	34.67	38.82	33.38	31.08
EV/Sales Ratio	8.46	8.23	9.13	12.13	11.36	11.65	9.92	7.89	9.29	8.12	8.39	11.44	10.63	8.37	9.17	11.49	14.95	16.96	14.58	12.63
EV/EBITDA Ratio	25.84	21.75	23.91	31.97	29.49	31.26	28.04	23.67	29.84	26.59	27.46	37.33	35.09	28.51	32.93	42.68	55.80	62.23	53.94	46.56
EV/EBIT Ratio	27.73	26.85	29.43	39.28	36.03	38.48	35.10	30.21	38.88	34.72	35.74	48.53	46.01	38.15	45.48	60.27	78.89	87.14	75.37	65.04
EV/FCF Ratio	25.84	25.14	29.50	37.82	33.74	36.93	34.06	27.78	29.60	24.89	21.02	28.85	27.56	25.52	32.20	39.79	44.20	47.08	36.40	33.18
Debt / Equity Ratio	0.40	0.40	0.68	0.24	0.25	0.67	1.09	3.45	-7.22	-2.14	13.38	3.09	86.92	-3.52	-1.59	-2.61	4.24	1.24	0.87	0.94
Debt / EBITDA Ratio	0.39	0.39	0.40	0.41	0.42	0.45	0.49	0.54	0.59	0.61	0.63	0.65	0.69	0.76	0.87	0.96	1.03	1.09	1.19	1.25
Debt / FCF Ratio	0.45	0.45	0.49	0.49	0.48	0.53	0.60	0.63	0.59	0.57	0.48	0.50	0.54	0.68	0.85	0.90	0.82	0.82	0.80	0.89
Net Debt / Equity Ratio	-2.09	-2.09	-2.89	-1.73	-1.93	-2.06	-2.98	-8.14	14.77	3.13	-29.38	-7.23	-165.63	4.34	1.17	1.95	-5.29	-2.00	-1.89	-2.02
Net Debt / EBITDA Ratio	-1.00	-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	-2.50	-2.69
Net Debt / FCF Ratio	-1.16	-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	-1.69	-1.92
Asset Turnover	0.67	0.67	0.69	0.62	0.61	0.70	0.71	0.72	0.72	0.79	0.75	0.73	0.72	0.73	0.73	0.68	0.62	0.67	0.62	0.61
Inventory Turnover	3.72	3.72	3.38	3.29	3.38	2.89	2.76	2.80	2.67	3.30	3.33	3.69	4.02	4.93	5.19	5.09	4.88	4.96	4.54	4.49
Quick Ratio	1.05	1.05	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
Current Ratio	1.17	1.17	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
Return on Equity (ROE)	135.72%	135.72%	168.12%	109.14%	108.73%	338.74%	688.06%	-1498.74%	-399.20%	-308.13%	-1109.11%	5347.98%	-715.03%	331.50%	844.65%	321.73%	123.65%	73.34%	55.69%	54.01%
Return on Assets (ROA)	16.53%	16.53%	17.47%	15.84%	15.87%	17.93%	16.50%	16.42%	15.33%	16.50%	16.96%	16.02%	15.88%	15.50%	14.26%	13.17%	11.85%	12.78%	11.38%	10.73%
Return on Invested Capital (ROIC)	30.78%	30.78%	32.36%	31.93%	33.18%	34.45%	32.04%	31.77%	29.71%	30.75%	34.11%	32.64%	32.19%	30.78%	27.77%	25.70%	23.98%	27.69%	28.10%	27.46%
Return on Capital Employed (ROCE)	37.71%	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%	20.21%	19.58%
Earnings Yield	3.09%	3.06%	2.89%	2.37%	2.52%	2.39%	2.55%	2.80%	2.24%	2.48%	2.47%	1.76%	1.82%	2.19%	1.85%	1.43%	1.11%	1.00%	1.12%	1.29%
FCF Yield	3.71%	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%	2.63%	2.85%
Buyback Yield / Dilution	0.95%	0.93%	-0.04%	0.24%	1.15%	2.07%	2.76%	2.38%	2.00%	2.13%	2.82%	3.78%	4.08%	3.58%	2.07%	0.55%	-0.46%	0.37%	2.01%	3.63%
Total Shareholder Return	0.95%	0.93%	-0.04%	0.24%	1.15%	2.07%	2.76%	2.38%	2.00%	2.13%	2.82%	3.78%	4.08%	3.58%	2.07%	0.55%	-0.46%	0.37%	2.01%	3.63%

Updated Feb 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q