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Fortinet, Inc.

Data quality: 100%
FTNT
NASDAQ Technology Software - Infrastructure
$79.34
▼ $3.43 (-4.14%)
Mkt Cap: 59.00B
Day Range
$79.12 $82.79
52-Week Range
$70.12 $109.33
Volume
5,976,482
50D / 200D Avg
$81.03 / $86.16
Prev Close
$82.77

Price History

Financial Trends

Peer Comparison

vs Technology sector median (621 peers)

Metric Stock Sector Median
P/E 31.8 12.3
P/B 47.7 2.9
ROE % 135.7 8.9
Net Margin % 27.3 5.6
Rev Growth 5Y % 19.4 9.2
D/E 0.8 0.3

Analyst Price Target

Hold
$85.67 +8.0%
Low: $70.00 High: $95.00
Forward P/E
27.8
Forward EPS
$2.97
EPS Growth (est.)
+0.0%
Est. Revenue
7.6 B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2030 $3.29
$3.17 – $3.38
12 B 5
FY2029 $3.08
$2.97 – $3.16
11 B 2
FY2028 $3.67
$3.19 – $4.06
9.2 B 7

Key Takeaways

Revenue grew 19.43% annually over 5 years — strong growth
ROE of 135.72% indicates high profitability
Net margin of 27.26% shows strong profitability
Generating 2.23B in free cash flow
P/E of 31.83 — premium valuation
Revenue growth is decelerating — 1Y growth trails 5Y average by 5.26%

Growth

Revenue Growth (5Y)
19.43%
Revenue (1Y)14.17%
Earnings (1Y)6.20%
FCF Growth (3Y)13.38%

Quality

Return on Equity
135.72%
ROIC69.90%
Net Margin27.26%
Op. Margin30.62%

Safety

Debt / Equity
0.81
Current Ratio1.17
Interest Coverage103.58

Valuation

P/E Ratio
31.83
P/B Ratio47.68
EV/EBITDA27.62
Dividend Yield0.00%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 14.17% Revenue Growth (3Y) 13.22%
Earnings Growth (1Y) 6.20% Earnings Growth (3Y) 27.07%
Revenue Growth (5Y) 19.43% Earnings Growth (5Y) 32.20%
Profitability
Revenue (TTM) 6.80B Net Income (TTM) 1.85B
ROE 135.72% ROA 17.84%
Gross Margin 80.84% Operating Margin 30.62%
Net Margin 27.26% Free Cash Flow (TTM) 2.23B
ROIC 69.90% FCF Growth (3Y) 13.38%
Safety
Debt / Equity 0.81 Current Ratio 1.17
Interest Coverage 103.58 Dividend Yield 0.00%
Valuation
P/E Ratio 31.83 P/B Ratio 47.68
P/S Ratio 8.68 PEG Ratio 4.54
EV/EBITDA 27.62 Dividend Yield 0.00%
Market Cap 59.00B Enterprise Value 57.50B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 6.80B 5.96B 5.30B 4.42B 3.34B
Net Income 1.85B 1.75B 1.15B 857.30M 606.80M
EPS (Diluted) 2.43 2.26 1.46 1.06 0.73
Gross Profit 5.50B 4.80B 4.07B 3.33B 2.56B
Operating Income 2.08B 1.80B 1.24B 969.60M 650.40M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 10.39B 9.76B 7.26B 6.23B 5.92B
Total Liabilities 9.15B 8.27B 7.72B 6.51B 5.12B
Shareholders' Equity 1.24B 1.49B -463.40M -281.60M 781.70M
Total Debt 996.30M 994.30M 992.30M 990.40M 988.40M
Cash & Equivalents 2.50B 2.88B 1.40B 1.68B 1.32B
Current Assets 5.90B 5.97B 4.43B 3.81B 3.60B
Current Liabilities 5.03B 4.06B 3.72B 3.08B 2.32B

Strategy Scores

This stock passed the criteria for 1 strategy

Score = fit strength (0–100)
Rank = position among all matches
#613 of 1052
41

Recent Activity

Entered Cash Flow Compounder
Mar 24, 2026