Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $98.12 billion. The enterprise value is $95.40 billion.
| Market Cap | 98.12B |
| Enterprise Value | 95.40B |
Important Dates
The last earnings date was Wednesday, May 6, 2026, after market close.
| Earnings Date | May 6, 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 (%) | 81.41% |
| Float | 617.65M |
Valuation Ratios
The trailing PE ratio is 51.93 and the forward PE ratio is 42.91. Fortinet's PEG ratio is 3.23.
| PE Ratio | 51.93 |
| Forward PE | 42.91 |
| PS Ratio | 13.80 |
| Forward PS | 12.22 |
| PB Ratio | 99.33 |
| P/TBV Ratio | 152.06 |
| P/FCF Ratio | 40.29 |
| P/OCF Ratio | 34.99 |
| PEG Ratio | 3.23 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 40.40, with an EV/FCF ratio of 39.17.
| EV / Earnings | 48.81 |
| EV / Sales | 13.42 |
| EV / EBITDA | 40.40 |
| EV / EBIT | 43.26 |
| EV / FCF | 39.17 |
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) | 9.27% |
| 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 +30.23% in the last 52 weeks. The beta is 0.92, so Fortinet's price volatility has been similar to the market average.
| Beta (5Y) | 0.92 |
| 52-Week Price Change | +30.23% |
| 50-Day Moving Average | 92.25 |
| 200-Day Moving Average | 84.09 |
| Relative Strength Index (RSI) | 88.22 |
| Average Volume (20 Days) | 6,234,201 |
Short Selling Information
The latest short interest is 19.09 million, so 2.61% of the outstanding shares have been sold short.
| Short Interest | 19.09M |
| Short Previous Month | 19.36M |
| Short % of Shares Out | 2.61% |
| Short % of Float | 3.09% |
| Short Ratio (days to cover) | 3.40 |
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 | n/a |
| Earnings Yield | 1.99% |
| FCF Yield | 2.48% |
Analyst Forecast
The average price target for Fortinet is $107.86, which is -19.98% lower than the current price. The consensus rating is "Hold".
| Price Target | $107.86 |
| Price Target Difference | -19.98% |
| Analyst Consensus | Hold |
| Analyst Count | 43 |
| Revenue Growth Forecast (5Y) | 10.10% |
| EPS Growth Forecast (5Y) | n/a |
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 |