Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $95.06 billion. The enterprise value is $90.83 billion.
| Market Cap | 95.06B |
| Enterprise Value | 90.83B |
Important Dates
The last earnings date was Wednesday, October 28, 2026, after market close.
| Earnings Date | Oct 28, 2026 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 734.71 million shares outstanding. The number of shares has decreased by -3.66% in one year.
| Current Share Class | 734.71M |
| Shares Outstanding | 734.71M |
| Shares Change (YoY) | -3.66% |
| Shares Change (QoQ) | +0.36% |
| Owned by Insiders (%) | 15.54% |
| Owned by Institutions (%) | 72.42% |
| Float | 619.90M |
Valuation Ratios
The trailing PE ratio is 42.27 and the forward PE ratio is 34.46. Fortinet's PEG ratio is 2.15.
| PE Ratio | 42.27 |
| Forward PE | 34.46 |
| PS Ratio | 12.06 |
| Forward PS | 10.74 |
| PB Ratio | 42.30 |
| P/TBV Ratio | 50.07 |
| P/FCF Ratio | 27.70 |
| P/OCF Ratio | 25.78 |
| PEG Ratio | 2.15 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 32.98, with an EV/FCF ratio of 26.47.
| EV / Earnings | 39.80 |
| EV / Sales | 11.52 |
| EV / EBITDA | 32.98 |
| EV / EBIT | 35.02 |
| EV / FCF | 26.47 |
Financial Position
The company has a current ratio of 1.40, with a Debt / Equity ratio of 0.25.
| Current Ratio | 1.40 |
| Quick Ratio | 1.23 |
| Debt / Equity | 0.25 |
| Debt / EBITDA | 0.20 |
| Debt / FCF | 0.16 |
| Interest Coverage | 175.25 |
Financial Efficiency
Return on equity (ROE) is 153.08% and return on invested capital (ROIC) is 70.01%.
| Return on Equity (ROE) | 153.08% |
| Return on Assets (ROA) | 15.22% |
| Return on Invested Capital (ROIC) | 70.01% |
| Return on Capital Employed (ROCE) | 37.83% |
| Weighted Average Cost of Capital (WACC) | 9.93% |
| Revenue Per Employee | $509,365 |
| Profits Per Employee | $147,512 |
| Employee Count | 15,472 |
| Asset Turnover | 0.74 |
| Inventory Turnover | 3.14 |
Taxes
In the past 12 months, Fortinet has paid $501.30 million in taxes.
| Income Tax | 501.30M |
| Effective Tax Rate | 18.01% |
Stock Price Statistics
The stock price has increased by +47.84% in the last 52 weeks. The beta is 1.04, so Fortinet's price volatility has been similar to the market average.
| Beta (5Y) | 1.04 |
| 52-Week Price Change | +47.84% |
| 50-Day Moving Average | 169.84 |
| 200-Day Moving Average | 129.17 |
| Relative Strength Index (RSI) | 26.59 |
| Average Volume (20 Days) | 5,618,747 |
Short Selling Information
The latest short interest is 12.08 million, so 1.64% of the outstanding shares have been sold short.
| Short Interest | 12.08M |
| Short Previous Month | 12.50M |
| Short % of Shares Out | 1.64% |
| Short % of Float | 1.95% |
| Short Ratio (days to cover) | 3.12 |
Income Statement
In the last 12 months, Fortinet had revenue of $7.88 billion and earned $2.28 billion in profits. Earnings per share was $3.06.
| Revenue | 7.88B |
| Gross Profit | 6.29B |
| Operating Income | 2.59B |
| Pretax Income | 2.78B |
| Net Income | 2.28B |
| EBITDA | 2.75B |
| EBIT | 2.59B |
| Earnings Per Share (EPS) | $3.06 |
Balance Sheet
The company has $4.80 billion in cash and $560.50 million in debt, with a net cash position of $4.24 billion or $5.77 per share.
| Cash & Cash Equivalents | 4.80B |
| Total Debt | 560.50M |
| Net Cash | 4.24B |
| Net Cash Per Share | $5.77 |
| Equity (Book Value) | 2.25B |
| Book Value Per Share | 3.06 |
| Working Capital | 2.02B |
Cash Flow
In the last 12 months, operating cash flow was $3.69 billion and capital expenditures -$255.60 million, giving a free cash flow of $3.43 billion.
| Operating Cash Flow | 3.69B |
| Capital Expenditures | -255.60M |
| Depreciation & Amortization | 160.10M |
| Net Borrowing | -500.00M |
| Free Cash Flow | 3.43B |
| FCF Per Share | $4.67 |
Margins
Gross margin is 79.75%, with operating and profit margins of 32.91% and 28.96%.
| Gross Margin | 79.75% |
| Operating Margin | 32.91% |
| Pretax Margin | 35.32% |
| Profit Margin | 28.96% |
| EBITDA Margin | 34.94% |
| EBIT Margin | 32.91% |
| FCF Margin | 43.54% |
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 | 3.66% |
| Shareholder Yield | 3.66% |
| Earnings Yield | 2.37% |
| FCF Yield | 3.61% |
Analyst Forecast
The average price target for Fortinet is $145.55, which is 12.49% higher than the current price. The consensus rating is "Hold".
| Price Target | $145.55 |
| Price Target Difference | 12.49% |
| Analyst Consensus | Hold |
| Analyst Count | 43 |
| Revenue Growth Forecast (3Y) | 14.23% |
| EPS Growth Forecast (3Y) | 17.02% |
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 6.68 and a Piotroski F-Score of 6.
| Altman Z-Score | 6.68 |
| Piotroski F-Score | 6 |