Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $65.89 billion. The enterprise value is $63.76 billion.
Important Dates
The last earnings date was Wednesday, November 5, 2025, after market close.
| Earnings Date | Nov 5, 2025 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 766.27 million shares outstanding. The number of shares has increased by 0.04% in one year.
| Current Share Class | 766.27M |
| Shares Outstanding | 766.27M |
| Shares Change (YoY) | +0.04% |
| Shares Change (QoQ) | -1.49% |
| Owned by Insiders (%) | 15.17% |
| Owned by Institutions (%) | 70.58% |
| Float | 649.08M |
Valuation Ratios
The trailing PE ratio is 35.39 and the forward PE ratio is 32.27. Fortinet's PEG ratio is 2.37.
| PE Ratio | 35.39 |
| Forward PE | 32.27 |
| PS Ratio | 10.40 |
| Forward PS | 9.06 |
| PB Ratio | 31.95 |
| P/TBV Ratio | 179.74 |
| P/FCF Ratio | 32.48 |
| P/OCF Ratio | 26.92 |
| PEG Ratio | 2.37 |
Financial Ratio HistoryEnterprise Valuation
The stock's EV/EBITDA ratio is 29.37, with an EV/FCF ratio of 31.44.
| EV / Earnings | 34.03 |
| EV / Sales | 9.73 |
| EV / EBITDA | 29.37 |
| EV / EBIT | 31.52 |
| EV / FCF | 31.44 |
Financial Position
The company has a current ratio of 1.03, with a Debt / Equity ratio of 1.35.
| Current Ratio | 1.03 |
| Quick Ratio | 0.90 |
| Debt / Equity | 1.35 |
| Debt / EBITDA | 0.45 |
| Debt / FCF | 0.49 |
| Interest Coverage | 98.20 |
Financial Efficiency
Return on equity (ROE) is 228.04% and return on invested capital (ROIC) is 68.05%.
| Return on Equity (ROE) | 228.04% |
| Return on Assets (ROA) | 13.88% |
| Return on Invested Capital (ROIC) | 68.05% |
| Return on Capital Employed (ROCE) | 44.22% |
| Revenue Per Employee | $463,623 |
| Profits Per Employee | $132,522 |
| Employee Count | 14,138 |
| Asset Turnover | 0.72 |
| Inventory Turnover | 3.21 |
Taxes
In the past 12 months, Fortinet has paid $381.00 million in taxes.
| Income Tax | 381.00M |
| Effective Tax Rate | 16.90% |
Stock Price Statistics
The stock price has increased by +9.07% in the last 52 weeks. The beta is 1.09, so Fortinet's price volatility has been similar to the market average.
| Beta (5Y) | 1.09 |
| 52-Week Price Change | +9.07% |
| 50-Day Moving Average | 83.06 |
| 200-Day Moving Average | 95.60 |
| Relative Strength Index (RSI) | 54.36 |
| Average Volume (20 Days) | 4,658,200 |
Short Selling Information
The latest short interest is 20.33 million, so 2.65% of the outstanding shares have been sold short.
| Short Interest | 20.33M |
| Short Previous Month | 20.86M |
| Short % of Shares Out | 2.65% |
| Short % of Float | 3.13% |
| Short Ratio (days to cover) | 3.64 |
Income Statement
In the last 12 months, Fortinet had revenue of $6.55 billion and earned $1.87 billion in profits. Earnings per share was $2.43.
| Revenue | 6.55B |
| Gross Profit | 5.30B |
| Operating Income | 2.02B |
| Pretax Income | 2.25B |
| Net Income | 1.87B |
| EBITDA | 2.17B |
| EBIT | 2.02B |
| Earnings Per Share (EPS) | $2.43 |
Full Income StatementBalance Sheet
The company has $3.12 billion in cash and $995.90 million in debt, giving a net cash position of $2.13 billion or $2.78 per share.
| Cash & Cash Equivalents | 3.12B |
| Total Debt | 995.90M |
| Net Cash | 2.13B |
| Net Cash Per Share | $2.78 |
| Equity (Book Value) | 735.10M |
| Book Value Per Share | 0.97 |
| Working Capital | 127.40M |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $2.45 billion and capital expenditures -$419.60 million, giving a free cash flow of $2.03 billion.
| Operating Cash Flow | 2.45B |
| Capital Expenditures | -419.60M |
| Free Cash Flow | 2.03B |
| FCF Per Share | $2.65 |
Full Cash Flow StatementMargins
Gross margin is 80.87%, with operating and profit margins of 30.86% and 28.58%.
| Gross Margin | 80.87% |
| Operating Margin | 30.86% |
| Pretax Margin | 34.40% |
| Profit Margin | 28.58% |
| EBITDA Margin | 33.12% |
| EBIT Margin | 30.86% |
| FCF Margin | 30.95% |
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 | -0.04% |
| Shareholder Yield | -0.04% |
| Earnings Yield | 2.84% |
| FCF Yield | 3.08% |
Dividend DetailsAnalyst Forecast
The average price target for Fortinet is $94.79, which is 10.23% higher than the current price. The consensus rating is "Hold".
| Price Target | $94.79 |
| Price Target Difference | 10.23% |
| Analyst Consensus | Hold |
| Analyst Count | 33 |
| Revenue Growth Forecast (5Y) | 13.23% |
| EPS Growth Forecast (5Y) | 10.01% |
Stock ForecastsFair 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
| Altman Z-Score | n/a |
| Piotroski F-Score | 7 |
