Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $116.48 billion. The enterprise value is $113.75 billion.
| Market Cap | 116.48B |
| Enterprise Value | 113.75B |
Important Dates
The next estimated earnings date is Wednesday, August 5, 2026, after market close.
| Earnings Date | Aug 5, 2026 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 732.65 million shares outstanding. The number of shares has decreased by -2.25% in one year.
| Current Share Class | 732.65M |
| Shares Outstanding | 732.65M |
| Shares Change (YoY) | -2.25% |
| Shares Change (QoQ) | -0.70% |
| Owned by Insiders (%) | 15.58% |
| Owned by Institutions (%) | 71.03% |
| Float | 617.66M |
Valuation Ratios
The trailing PE ratio is 61.64 and the forward PE ratio is 50.93. Fortinet's PEG ratio is 3.83.
| PE Ratio | 61.64 |
| Forward PE | 50.93 |
| PS Ratio | 16.38 |
| Forward PS | 14.59 |
| PB Ratio | 117.91 |
| P/TBV Ratio | 180.50 |
| P/FCF Ratio | 47.82 |
| P/OCF Ratio | 41.53 |
| PEG Ratio | 3.83 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 48.17, with an EV/FCF ratio of 46.70.
| EV / Earnings | 58.20 |
| EV / Sales | 16.00 |
| EV / EBITDA | 48.17 |
| EV / EBIT | 51.58 |
| EV / FCF | 46.70 |
Financial Position
The company has a current ratio of 1.15, with a Debt / Equity ratio of 0.57.
| Current Ratio | 1.15 |
| Quick Ratio | 1.03 |
| Debt / Equity | 0.57 |
| Debt / EBITDA | 0.23 |
| Debt / FCF | 0.23 |
| Interest Coverage | 113.68 |
Financial Efficiency
Return on equity (ROE) is 132.39% and return on invested capital (ROIC) is 59.98%.
| Return on Equity (ROE) | 132.39% |
| Return on Assets (ROA) | 13.59% |
| Return on Invested Capital (ROIC) | 59.98% |
| Return on Capital Employed (ROCE) | 41.93% |
| Weighted Average Cost of Capital (WACC) | 10.14% |
| Revenue Per Employee | $470,547 |
| Profits Per Employee | $129,360 |
| Employee Count | 15,109 |
| Asset Turnover | 0.70 |
| Inventory Turnover | 3.82 |
Taxes
In the past 12 months, Fortinet has paid $464.60 million in taxes.
| Income Tax | 464.60M |
| Effective Tax Rate | 19.21% |
Stock Price Statistics
The stock price has increased by +50.38% in the last 52 weeks. The beta is 1.08, so Fortinet's price volatility has been similar to the market average.
| Beta (5Y) | 1.08 |
| 52-Week Price Change | +50.38% |
| 50-Day Moving Average | 125.39 |
| 200-Day Moving Average | 92.77 |
| Relative Strength Index (RSI) | 71.75 |
| Average Volume (20 Days) | 6,951,046 |
Short Selling Information
The latest short interest is 18.80 million, so 2.57% of the outstanding shares have been sold short.
| Short Interest | 18.80M |
| Short Previous Month | 16.87M |
| Short % of Shares Out | 2.57% |
| Short % of Float | 3.04% |
| Short Ratio (days to cover) | 2.95 |
Income Statement
In the last 12 months, Fortinet had revenue of $7.11 billion and earned $1.95 billion in profits. Earnings per share was $2.58.
| Revenue | 7.11B |
| Gross Profit | 5.71B |
| Operating Income | 2.21B |
| Pretax Income | 2.42B |
| Net Income | 1.95B |
| EBITDA | 2.36B |
| EBIT | 2.21B |
| Earnings Per Share (EPS) | $2.58 |
Balance Sheet
The company has $3.29 billion in cash and $567.20 million in debt, with a net cash position of $2.73 billion or $3.72 per share.
| Cash & Cash Equivalents | 3.29B |
| Total Debt | 567.20M |
| Net Cash | 2.73B |
| Net Cash Per Share | $3.72 |
| Equity (Book Value) | 989.70M |
| Book Value Per Share | 1.35 |
| Working Capital | 709.10M |
Cash Flow
In the last 12 months, operating cash flow was $2.80 billion and capital expenditures -$368.90 million, giving a free cash flow of $2.44 billion.
| Operating Cash Flow | 2.80B |
| Capital Expenditures | -368.90M |
| Depreciation & Amortization | 156.00M |
| Net Borrowing | -500.00M |
| Free Cash Flow | 2.44B |
| FCF Per Share | $3.32 |
Margins
Gross margin is 80.30%, with operating and profit margins of 31.02% and 27.49%.
| Gross Margin | 80.30% |
| Operating Margin | 31.02% |
| Pretax Margin | 34.03% |
| Profit Margin | 27.49% |
| EBITDA Margin | 33.21% |
| EBIT Margin | 31.02% |
| FCF Margin | 34.26% |
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 | 2.25% |
| Shareholder Yield | 2.25% |
| Earnings Yield | 1.68% |
| FCF Yield | 2.09% |
Analyst Forecast
The average price target for Fortinet is $113.78, which is -28.43% lower than the current price. The consensus rating is "Hold".
| Price Target | $113.78 |
| Price Target Difference | -28.43% |
| Analyst Consensus | Hold |
| Analyst Count | 44 |
| Revenue Growth Forecast (3Y) | 11.96% |
| EPS Growth Forecast (3Y) | 11.68% |
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 5.95 and a Piotroski F-Score of 5.
| Altman Z-Score | 5.95 |
| Piotroski F-Score | 5 |