Fortinet Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

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	+20 Quarters
Period Ending	Dec '25 Dec 5, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021	Dec '20 Dec 31, 2020	+20 Quarters
Market Capitalization	64,638	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	Upgrade
Market Cap Growth	-7.11%	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%	Upgrade
Enterprise Value	62,603	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	Upgrade
Last Close Price	86.92	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	Upgrade
PE Ratio	35.77	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	Upgrade
Forward PE	30.64	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	Upgrade
PS Ratio	10.13	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	Upgrade
PB Ratio	87.84	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	Upgrade
P/TBV Ratio	176.32	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	Upgrade
P/FCF Ratio	31.87	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	Upgrade
P/OCF Ratio	26.40	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	Upgrade
PEG Ratio	2.20	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	Upgrade
EV/Sales Ratio	9.55	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	Upgrade
EV/EBITDA Ratio	28.84	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	Upgrade
EV/EBIT Ratio	30.95	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	Upgrade
EV/FCF Ratio	30.86	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	Upgrade
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	Upgrade
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	Upgrade
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	Upgrade
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	Upgrade
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	Upgrade
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	Upgrade
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	Upgrade
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%	Upgrade
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%	Upgrade
Return on Capital (ROIC)	66.39%	66.39%	53.92%	60.43%	70.81%	64.60%	65.57%	79.18%	109.42%	100.90%	73.37%	58.98%	45.38%	39.93%	33.35%	26.00%	29.22%	25.28%	26.09%	25.55%	26.75%	Upgrade
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%	Upgrade
Earnings Yield	2.90%	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%	Upgrade
FCF Yield	3.14%	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%	Upgrade
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%	Upgrade

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

SEC Filings: 10-K · 10-Q