Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $84.33 billion. The enterprise value is $81.25 billion.
| Market Cap | 84.33B |
| Enterprise Value | 81.25B |
Important Dates
The last earnings date was Thursday, February 6, 2025, after market close.
| Earnings Date | Feb 6, 2025 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 766.45 million shares outstanding. The number of shares has decreased by -2.07% in one year.
| Current Share Class | 766.45M |
| Shares Outstanding | 766.45M |
| Shares Change (YoY) | -2.07% |
| Shares Change (QoQ) | +0.43% |
| Owned by Insiders (%) | 15.43% |
| Owned by Institutions (%) | 70.37% |
| Float | 647.48M |
Valuation Ratios
The trailing PE ratio is 48.68 and the forward PE ratio is 44.60. Fortinet's PEG ratio is 3.23.
| PE Ratio | 48.68 |
| Forward PE | 44.60 |
| PS Ratio | 14.12 |
| Forward PS | 12.22 |
| PB Ratio | 56.45 |
| P/TBV Ratio | 73.75 |
| P/FCF Ratio | 44.87 |
| P/OCF Ratio | 37.34 |
| PEG Ratio | 3.23 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 42.28, with an EV/FCF ratio of 43.24.
| EV / Earnings | 46.56 |
| EV / Sales | 13.64 |
| EV / EBITDA | 42.28 |
| EV / EBIT | 45.17 |
| EV / FCF | 43.24 |
Financial Position
The company has a current ratio of 1.47, with a Debt / Equity ratio of 0.67.
| Current Ratio | 1.47 |
| Quick Ratio | 1.36 |
| Debt / Equity | 0.67 |
| Debt / EBITDA | 0.52 |
| Debt / FCF | 0.53 |
| Interest Coverage | 89.94 |
Financial Efficiency
Return on equity (ROE) is 338.74% and return on invested capital (ROIC) is 72.62%.
| Return on Equity (ROE) | 338.74% |
| Return on Assets (ROA) | 13.21% |
| Return on Invested Capital (ROIC) | 72.62% |
| Return on Capital Employed (ROCE) | 31.54% |
| Revenue Per Employee | $438,959 |
| Profits Per Employee | $128,626 |
| Employee Count | 13,568 |
| 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 +62.01% in the last 52 weeks. The beta is 1.01, so Fortinet's price volatility has been similar to the market average.
| Beta (5Y) | 1.01 |
| 52-Week Price Change | +62.01% |
| 50-Day Moving Average | 100.01 |
| 200-Day Moving Average | 78.94 |
| Relative Strength Index (RSI) | 62.64 |
| Average Volume (20 Days) | 5,073,216 |
Short Selling Information
The latest short interest is 15.17 million, so 1.98% of the outstanding shares have been sold short.
| Short Interest | 15.17M |
| Short Previous Month | 14.99M |
| Short % of Shares Out | 1.98% |
| Short % of Float | 2.34% |
| Short Ratio (days to cover) | 3.80 |
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 | 1.52B |
| 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 $994.30 million in debt, giving a net cash position of $3.07 billion or $4.01 per share.
| Cash & Cash Equivalents | 4.07B |
| Total Debt | 994.30M |
| Net Cash | 3.07B |
| Net Cash Per Share | $4.01 |
| 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 | $2.45 |
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 | 2.07% |
| FCF Yield | 2.23% |
Analyst Forecast
The average price target for Fortinet is $105.04, which is -4.53% lower than the current price. The consensus rating is "Buy".
| Price Target | $105.04 |
| Price Target Difference | -4.53% |
| Analyst Consensus | Buy |
| Analyst Count | 31 |
| Revenue Growth Forecast (5Y) | 13.62% |
| EPS Growth Forecast (5Y) | 17.68% |
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 |