Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $56.94 billion. The enterprise value is $53.37 billion.
| Market Cap | 56.94B |
| Enterprise Value | 53.37B |
Important Dates
The last earnings date was Wednesday, August 6, 2025, after market close.
| Earnings Date | Aug 6, 2025 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 765.42 million shares outstanding. The number of shares has decreased by -0.23% in one year.
| Current Share Class | 765.42M |
| Shares Outstanding | 765.42M |
| Shares Change (YoY) | -0.23% |
| Shares Change (QoQ) | -0.53% |
| Owned by Insiders (%) | 15.19% |
| Owned by Institutions (%) | 70.74% |
| Float | 648.38M |
Valuation Ratios
The trailing PE ratio is 29.65 and the forward PE ratio is 28.72. Fortinet's PEG ratio is 2.08.
| PE Ratio | 29.65 |
| Forward PE | 28.72 |
| PS Ratio | 8.99 |
| Forward PS | 7.79 |
| PB Ratio | 27.64 |
| P/TBV Ratio | 33.93 |
| P/FCF Ratio | 28.01 |
| P/OCF Ratio | 23.72 |
| PEG Ratio | 2.08 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 25.59, with an EV/FCF ratio of 26.26.
| EV / Earnings | 27.52 |
| EV / Sales | 8.42 |
| EV / EBITDA | 25.59 |
| EV / EBIT | 27.41 |
| EV / FCF | 26.26 |
Financial Position
The company has a current ratio of 1.33, with a Debt / Equity ratio of 0.48.
| Current Ratio | 1.33 |
| Quick Ratio | 1.21 |
| Debt / Equity | 0.48 |
| Debt / EBITDA | 0.48 |
| Debt / FCF | 0.49 |
| Interest Coverage | 100.36 |
Financial Efficiency
Return on equity (ROE) is 165.17% and return on invested capital (ROIC) is 55.06%.
| Return on Equity (ROE) | 165.17% |
| Return on Assets (ROA) | 13.02% |
| Return on Invested Capital (ROIC) | 55.06% |
| Return on Capital Employed (ROCE) | 33.20% |
| Revenue Per Employee | $448,288 |
| Profits Per Employee | $137,191 |
| Employee Count | 14,138 |
| Asset Turnover | 0.68 |
| Inventory Turnover | 3.01 |
Taxes
In the past 12 months, Fortinet has paid $341.50 million in taxes.
| Income Tax | 341.50M |
| Effective Tax Rate | 14.97% |
Stock Price Statistics
The stock price has increased by +6.38% 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 | +6.38% |
| 50-Day Moving Average | 101.72 |
| 200-Day Moving Average | 98.70 |
| Relative Strength Index (RSI) | 16.38 |
| Average Volume (20 Days) | 6,839,176 |
Short Selling Information
The latest short interest is 18.55 million, so 2.42% of the outstanding shares have been sold short.
| Short Interest | 18.55M |
| Short Previous Month | 19.79M |
| Short % of Shares Out | 2.42% |
| Short % of Float | 2.86% |
| Short Ratio (days to cover) | 4.13 |
Income Statement
In the last 12 months, Fortinet had revenue of $6.34 billion and earned $1.94 billion in profits. Earnings per share was $2.51.
| Revenue | 6.34B |
| Gross Profit | 5.15B |
| Operating Income | 1.95B |
| Pretax Income | n/a |
| Net Income | 1.94B |
| EBITDA | 2.09B |
| EBIT | 1.95B |
| Earnings Per Share (EPS) | $2.51 |
Balance Sheet
The company has $4.56 billion in cash and $995.30 million in debt, giving a net cash position of $3.57 billion or $4.66 per share.
| Cash & Cash Equivalents | 4.56B |
| Total Debt | 995.30M |
| Net Cash | 3.57B |
| Net Cash Per Share | $4.66 |
| Equity (Book Value) | 2.06B |
| Book Value Per Share | 2.69 |
| Working Capital | 1.57B |
Cash Flow
In the last 12 months, operating cash flow was $2.40 billion and capital expenditures -$368.20 million, giving a free cash flow of $2.03 billion.
| Operating Cash Flow | 2.40B |
| Capital Expenditures | -368.20M |
| Free Cash Flow | 2.03B |
| FCF Per Share | $2.66 |
Margins
Gross margin is 81.29%, with operating and profit margins of 30.72% and 30.60%.
| Gross Margin | 81.29% |
| Operating Margin | 30.72% |
| Pretax Margin | 35.99% |
| Profit Margin | 30.60% |
| EBITDA Margin | 32.91% |
| EBIT Margin | 30.72% |
| FCF Margin | 32.07% |
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 | 0.23% |
| Shareholder Yield | 0.23% |
| Earnings Yield | 3.41% |
| FCF Yield | 3.57% |
Analyst Forecast
The average price target for Fortinet is $96.07, which is 29.14% higher than the current price. The consensus rating is "Hold".
| Price Target | $96.07 |
| Price Target Difference | 29.14% |
| Analyst Consensus | Hold |
| Analyst Count | 33 |
| Revenue Growth Forecast (5Y) | 13.69% |
| EPS Growth Forecast (5Y) | 10.19% |
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 6.22 and a Piotroski F-Score of 7.
| Altman Z-Score | 6.22 |
| Piotroski F-Score | 7 |