Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $131.14 billion. The enterprise value is $127.64 billion.
| Market Cap | 131.14B |
| Enterprise Value | 127.64B |
Important Dates
The next estimated earnings date is Wednesday, November 4, 2026, after market close.
| Earnings Date | Nov 4, 2026 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 733.71 million shares outstanding. The number of shares has decreased by -3.40% in one year.
| Current Share Class | 733.71M |
| Shares Outstanding | 733.71M |
| Shares Change (YoY) | -3.40% |
| Shares Change (QoQ) | -0.39% |
| Owned by Insiders (%) | 15.56% |
| Owned by Institutions (%) | 72.55% |
| Float | 618.91M |
Valuation Ratios
The trailing PE ratio is 63.16 and the forward PE ratio is 50.93. Fortinet's PEG ratio is 3.08.
| PE Ratio | 63.16 |
| Forward PE | 50.93 |
| PS Ratio | 17.42 |
| Forward PS | 15.38 |
| PB Ratio | 84.54 |
| P/TBV Ratio | 107.80 |
| P/FCF Ratio | 42.07 |
| P/OCF Ratio | 38.62 |
| PEG Ratio | 3.08 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 49.17, with an EV/FCF ratio of 40.95.
| EV / Earnings | 60.19 |
| EV / Sales | 16.96 |
| EV / EBITDA | 49.17 |
| EV / EBIT | 52.38 |
| EV / FCF | 40.95 |
Financial Position
The company has a current ratio of 1.28, with a Debt / Equity ratio of 0.36.
| Current Ratio | 1.28 |
| Quick Ratio | 1.14 |
| Debt / Equity | 0.36 |
| Debt / EBITDA | 0.21 |
| Debt / FCF | 0.18 |
| Interest Coverage | 135.37 |
Financial Efficiency
Return on equity (ROE) is 117.44% and return on invested capital (ROIC) is 57.89%.
| Return on Equity (ROE) | 117.44% |
| Return on Assets (ROA) | 14.17% |
| Return on Invested Capital (ROIC) | 57.89% |
| Return on Capital Employed (ROCE) | 40.49% |
| Weighted Average Cost of Capital (WACC) | 10.05% |
| Revenue Per Employee | $498,206 |
| Profits Per Employee | $140,360 |
| Employee Count | 15,109 |
| Asset Turnover | 0.70 |
| Inventory Turnover | 3.58 |
Taxes
In the past 12 months, Fortinet has paid $502.50 million in taxes.
| Income Tax | 502.50M |
| Effective Tax Rate | 19.16% |
Stock Price Statistics
The stock price has increased by +110.26% in the last 52 weeks. The beta is 1.06, so Fortinet's price volatility has been similar to the market average.
| Beta (5Y) | 1.06 |
| 52-Week Price Change | +110.26% |
| 50-Day Moving Average | 161.03 |
| 200-Day Moving Average | 115.27 |
| Relative Strength Index (RSI) | 64.59 |
| Average Volume (20 Days) | 4,689,405 |
Short Selling Information
The latest short interest is 13.56 million, so 1.85% of the outstanding shares have been sold short.
| Short Interest | 13.56M |
| Short Previous Month | 14.20M |
| Short % of Shares Out | 1.85% |
| Short % of Float | 2.19% |
| Short Ratio (days to cover) | 2.89 |
Income Statement
In the last 12 months, Fortinet had revenue of $7.53 billion and earned $2.12 billion in profits. Earnings per share was $2.83.
| Revenue | 7.53B |
| Gross Profit | 6.04B |
| Operating Income | 2.44B |
| Pretax Income | 2.62B |
| Net Income | 2.12B |
| EBITDA | 2.60B |
| EBIT | 2.44B |
| Earnings Per Share (EPS) | $2.83 |
Balance Sheet
The company has $4.07 billion in cash and $561.40 million in debt, with a net cash position of $3.51 billion or $4.78 per share.
| Cash & Cash Equivalents | 4.07B |
| Total Debt | 561.40M |
| Net Cash | 3.51B |
| Net Cash Per Share | $4.78 |
| Equity (Book Value) | 1.55B |
| Book Value Per Share | 2.11 |
| Working Capital | 1.37B |
Cash Flow
In the last 12 months, operating cash flow was $3.40 billion and capital expenditures -$279.10 million, giving a free cash flow of $3.12 billion.
| Operating Cash Flow | 3.40B |
| Capital Expenditures | -279.10M |
| Depreciation & Amortization | 159.10M |
| Net Borrowing | -500.00M |
| Free Cash Flow | 3.12B |
| FCF Per Share | $4.25 |
Margins
Gross margin is 80.20%, with operating and profit margins of 32.37% and 28.17%.
| Gross Margin | 80.20% |
| Operating Margin | 32.37% |
| Pretax Margin | 34.85% |
| Profit Margin | 28.17% |
| EBITDA Margin | 34.48% |
| EBIT Margin | 32.37% |
| FCF Margin | 41.41% |
Dividends & Yields
Fortinet does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| FCF Payout Ratio | n/a |
| Buyback Yield | 3.40% |
| Shareholder Yield | 3.40% |
| Earnings Yield | 1.62% |
| FCF Yield | 2.38% |
Analyst Forecast
The average price target for Fortinet is $164.32, which is -8.07% lower than the current price. The consensus rating is "Hold".
| Price Target | $164.32 |
| Price Target Difference | -8.07% |
| Analyst Consensus | Hold |
| Analyst Count | 44 |
| Revenue Growth Forecast (3Y) | 13.99% |
| EPS Growth Forecast (3Y) | 16.06% |
Fair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | |
| Lynch Upside | |
| Graham Number | |
| Graham Upside |
Stock Splits
The last stock split was on June 23, 2022. It was a forward split with a ratio of 5:1.
| Last Split Date | Jun 23, 2022 |
| Split Type | Forward |
| Split Ratio | 5:1 |
Scores
Fortinet has an Altman Z-Score of 5.98 and a Piotroski F-Score of 5.
| Altman Z-Score | 5.98 |
| Piotroski F-Score | 5 |