Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $78.95 billion. The enterprise value is $75.25 billion.
| Market Cap | 78.95B |
| Enterprise Value | 75.25B |
Important Dates
The next estimated earnings date is Tuesday, August 5, 2025, after market close.
| Earnings Date | Aug 5, 2025 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 765.42 million shares outstanding. The number of shares has decreased by -1.15% in one year.
| Current Share Class | 765.42M |
| Shares Outstanding | 765.42M |
| Shares Change (YoY) | -1.15% |
| Shares Change (QoQ) | +0.21% |
| Owned by Insiders (%) | 15.30% |
| Owned by Institutions (%) | 70.93% |
| Float | 647.61M |
Valuation Ratios
The trailing PE ratio is 42.46 and the forward PE ratio is 40.79. Fortinet's PEG ratio is 2.98.
| PE Ratio | 42.46 |
| Forward PE | 40.79 |
| PS Ratio | 12.86 |
| Forward PS | 11.12 |
| PB Ratio | 40.42 |
| P/TBV Ratio | 49.18 |
| P/FCF Ratio | 38.19 |
| P/OCF Ratio | 34.46 |
| PEG Ratio | 2.98 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 36.60, with an EV/FCF ratio of 36.40.
| EV / Earnings | 40.04 |
| EV / Sales | 12.25 |
| EV / EBITDA | 36.60 |
| EV / EBIT | 39.07 |
| EV / FCF | 36.40 |
Financial Position
The company has a current ratio of 1.36, with a Debt / Equity ratio of 0.55.
| Current Ratio | 1.36 |
| Quick Ratio | 1.26 |
| Debt / Equity | 0.55 |
| Debt / EBITDA | 0.51 |
| Debt / FCF | 0.52 |
| Interest Coverage | 97.28 |
Financial Efficiency
Return on equity (ROE) is 205.91% and return on invested capital (ROIC) is 60.43%.
| Return on Equity (ROE) | 205.91% |
| Return on Assets (ROA) | 13.33% |
| Return on Invested Capital (ROIC) | 60.43% |
| Return on Capital Employed (ROCE) | 33.92% |
| Revenue Per Employee | n/a |
| Profits Per Employee | n/a |
| Employee Count | n/a |
| Asset Turnover | 0.68 |
| Inventory Turnover | 2.86 |
Taxes
In the past 12 months, Fortinet has paid $340.90 million in taxes.
| Income Tax | 340.90M |
| Effective Tax Rate | 15.35% |
Stock Price Statistics
The stock price has increased by +76.14% in the last 52 weeks. The beta is 1.07, so Fortinet's price volatility has been similar to the market average.
| Beta (5Y) | 1.07 |
| 52-Week Price Change | +76.14% |
| 50-Day Moving Average | 101.79 |
| 200-Day Moving Average | 94.79 |
| Relative Strength Index (RSI) | 52.68 |
| Average Volume (20 Days) | 4,719,081 |
Short Selling Information
The latest short interest is 14.89 million, so 1.95% of the outstanding shares have been sold short.
| Short Interest | 14.89M |
| Short Previous Month | 15.88M |
| Short % of Shares Out | 1.95% |
| Short % of Float | 2.30% |
| Short Ratio (days to cover) | 2.58 |
Income Statement
In the last 12 months, Fortinet had revenue of $6.14 billion and earned $1.88 billion in profits. Earnings per share was $2.43.
| Revenue | 6.14B |
| Gross Profit | 5.00B |
| Operating Income | 1.93B |
| Pretax Income | n/a |
| Net Income | 1.88B |
| EBITDA | 2.06B |
| EBIT | 1.93B |
| Earnings Per Share (EPS) | $2.43 |
Balance Sheet
The company has $4.78 billion in cash and $1.08 billion in debt, giving a net cash position of $3.70 billion or $4.84 per share.
| Cash & Cash Equivalents | 4.78B |
| Total Debt | 1.08B |
| Net Cash | 3.70B |
| Net Cash Per Share | $4.84 |
| Equity (Book Value) | 1.96B |
| Book Value Per Share | 2.55 |
| Working Capital | 1.71B |
Cash Flow
In the last 12 months, operating cash flow was $2.29 billion and capital expenditures -$223.50 million, giving a free cash flow of $2.07 billion.
| Operating Cash Flow | 2.29B |
| Capital Expenditures | -223.50M |
| Free Cash Flow | 2.07B |
| FCF Per Share | $2.70 |
Margins
Gross margin is 81.34%, with operating and profit margins of 31.36% and 30.60%.
| Gross Margin | 81.34% |
| Operating Margin | 31.36% |
| Pretax Margin | 36.15% |
| Profit Margin | 30.60% |
| EBITDA Margin | 33.48% |
| EBIT Margin | 31.36% |
| FCF Margin | 33.66% |
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 | 1.15% |
| Shareholder Yield | 1.15% |
| Earnings Yield | 2.38% |
| FCF Yield | 2.62% |
Analyst Forecast
The average price target for Fortinet is $106.93, which is 3.67% higher than the current price. The consensus rating is "Buy".
| Price Target | $106.93 |
| Price Target Difference | 3.67% |
| Analyst Consensus | Buy |
| Analyst Count | 32 |
| 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 5.79 and a Piotroski F-Score of 7.
| Altman Z-Score | 5.79 |
| Piotroski F-Score | 7 |