Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $78.50 billion. The enterprise value is $75.51 billion.
| Market Cap | 78.50B |
| Enterprise Value | 75.51B |
Important Dates
The next estimated earnings date is Thursday, May 1, 2025, after market close.
| Earnings Date | May 1, 2025 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 768.97 million shares outstanding. The number of shares has decreased by -2.07% in one year.
| Current Share Class | 768.97M |
| Shares Outstanding | 768.97M |
| Shares Change (YoY) | -2.07% |
| Shares Change (QoQ) | +0.43% |
| Owned by Insiders (%) | 15.33% |
| Owned by Institutions (%) | 70.25% |
| Float | 650.41M |
Valuation Ratios
The trailing PE ratio is 45.17 and the forward PE ratio is 41.31. Fortinet's PEG ratio is 3.08.
| PE Ratio | 45.17 |
| Forward PE | 41.31 |
| PS Ratio | 13.10 |
| Forward PS | 11.37 |
| PB Ratio | 52.42 |
| P/TBV Ratio | 68.66 |
| P/FCF Ratio | 41.78 |
| P/OCF Ratio | 34.77 |
| PEG Ratio | 3.08 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 39.30, with an EV/FCF ratio of 40.18.
| EV / Earnings | 43.27 |
| EV / Sales | 12.68 |
| EV / EBITDA | 39.30 |
| EV / EBIT | 41.98 |
| EV / FCF | 40.18 |
Financial Position
The company has a current ratio of 1.47, with a Debt / Equity ratio of 0.72.
| Current Ratio | 1.47 |
| Quick Ratio | 1.36 |
| Debt / Equity | 0.72 |
| Debt / EBITDA | 0.54 |
| Debt / FCF | 0.57 |
| Interest Coverage | 89.94 |
Financial Efficiency
Return on equity (ROE) is 338.74% and return on invested capital (ROIC) is 70.81%.
| Return on Equity (ROE) | 338.74% |
| Return on Assets (ROA) | 13.21% |
| Return on Invested Capital (ROIC) | 70.81% |
| Return on Capital Employed (ROCE) | 31.54% |
| Revenue Per Employee | $421,262 |
| Profits Per Employee | $123,440 |
| Employee Count | 14,138 |
| Asset Turnover | 0.70 |
| Inventory Turnover | 2.89 |
Taxes
In the past 12 months, Fortinet has paid $283.90 million in taxes.
| Income Tax | 283.90M |
| Effective Tax Rate | 13.99% |
Stock Price Statistics
The stock price has increased by +49.47% in the last 52 weeks. The beta is 0.97, so Fortinet's price volatility has been similar to the market average.
| Beta (5Y) | 0.97 |
| 52-Week Price Change | +49.47% |
| 50-Day Moving Average | 102.26 |
| 200-Day Moving Average | 83.53 |
| Relative Strength Index (RSI) | 52.39 |
| Average Volume (20 Days) | 4,637,490 |
Short Selling Information
The latest short interest is 13.59 million, so 1.77% of the outstanding shares have been sold short.
| Short Interest | 13.59M |
| Short Previous Month | 15.17M |
| Short % of Shares Out | 1.77% |
| Short % of Float | 2.09% |
| Short Ratio (days to cover) | 3.56 |
Income Statement
In the last 12 months, Fortinet had revenue of $5.96 billion and earned $1.75 billion in profits. Earnings per share was $2.26.
| Revenue | 5.96B |
| Gross Profit | 4.80B |
| Operating Income | 1.80B |
| Pretax Income | n/a |
| Net Income | 1.75B |
| EBITDA | 1.92B |
| EBIT | 1.80B |
| Earnings Per Share (EPS) | $2.26 |
Balance Sheet
The company has $4.07 billion in cash and $1.07 billion in debt, giving a net cash position of $2.99 billion or $3.89 per share.
| Cash & Cash Equivalents | 4.07B |
| Total Debt | 1.07B |
| Net Cash | 2.99B |
| Net Cash Per Share | $3.89 |
| Equity (Book Value) | 1.49B |
| Book Value Per Share | 1.95 |
| Working Capital | 1.91B |
Cash Flow
In the last 12 months, operating cash flow was $2.26 billion and capital expenditures -$378.90 million, giving a free cash flow of $1.88 billion.
| Operating Cash Flow | 2.26B |
| Capital Expenditures | -378.90M |
| Free Cash Flow | 1.88B |
| FCF Per Share | $2.44 |
Margins
Gross margin is 80.56%, with operating and profit margins of 30.20% and 29.30%.
| Gross Margin | 80.56% |
| Operating Margin | 30.20% |
| Pretax Margin | 34.07% |
| Profit Margin | 29.30% |
| EBITDA Margin | 32.26% |
| EBIT Margin | 30.20% |
| FCF Margin | 31.55% |
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 |
| Buyback Yield | 2.07% |
| Shareholder Yield | 2.07% |
| Earnings Yield | 2.22% |
| FCF Yield | 2.39% |
Analyst Forecast
The average price target for Fortinet is $105.64, which is 3.48% higher than the current price. The consensus rating is "Buy".
| Price Target | $105.64 |
| Price Target Difference | 3.48% |
| Analyst Consensus | Buy |
| Analyst Count | 31 |
| Revenue Growth Forecast (5Y) | 13.91% |
| EPS Growth Forecast (5Y) | 10.13% |
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 5.41 and a Piotroski F-Score of 6.
| Altman Z-Score | 5.41 |
| Piotroski F-Score | 6 |