F5 vs Fortinet
FFIV and FTNT side by side, both in computer and office equipment. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How FFIV and FTNT compare
Fortinet is the larger company, worth 5.2 times as much as F5 ($99.8B against $19.2B).
On earnings, F5 is cheaper: it trades at 26.9× trailing earnings, against 47.9× for Fortinet.
Fortinet grew revenue faster over the last twelve months (18.8% versus 9.4% for F5).
Fortinet keeps more of each dollar of sales as profit, with a net margin of 28.2% compared with 22.0% at F5.
Fortinet scores higher on the StockData Score (16 against 14 for F5), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | FFIV | FTNT |
|---|---|---|
| Size and price | ||
| Market cap | $19.2B | $99.8B |
| Share price | $338.34 | $136.08 |
| Change, 1 year | 30.8% | 61.6% |
| Change, 5 years | 52.6% | 99.4% |
| Beta (5Y) | 0.92 | 1.31 |
| Employees | 6,578 | 15K |
| StockData Score | ||
| Total score | 14 | 16 (better) |
| Valuation score | 2 | 2 |
| Growth score | 3 | 4 (better) |
| Performance score | 3 | 5 (better) |
| Health score | 6 (better) | 5 |
| Dividend score | 0 | 0 |
| Valuation | ||
| P/E | 26.9× (better) | 47.9× |
| P/S | 5.8× (better) | 13.3× |
| P/B | – | 64.4× |
| EV/EBITDA | 19.3× (better) | 37.4× |
| P/FCF | 19.8× (better) | 32.0× |
| PEG | 0.87 (better) | 1.51 |
| FCF yield | 5.1% (better) | 3.1% |
| Fair value | $307.01 | $109.03 |
| Margin of safety | −10.2% (better) | −24.8% |
| Growth | ||
| Revenue growth (TTM) | 9.4% | 18.8% (better) |
| Revenue growth, 5Y average | 5.6% | 21.3% (better) |
| Net income growth (TTM) | 8.9% | 9.3% (better) |
| EPS growth (TTM) | 10.7% | 13.1% (better) |
| EPS growth, 5Y average | 18.7% | 33.1% (better) |
| Profitability | ||
| Gross margin | 81.9% (better) | 80.2% |
| Operating margin | 24.5% | 32.4% (better) |
| Net margin | 22.0% | 28.2% (better) |
| FCF margin | 29.3% | 41.4% (better) |
| Return on equity | – | 117% |
| Financial health | ||
| Debt / equity | – | 0.32 |
| Net debt / EBITDA | – | −0.94 |
| Interest coverage | – | 136× |
| Current ratio | 1.66 (better) | 1.28 |
| Altman Z-score | 5.73 | 7.98 (better) |
| Piotroski F-score | 9 (better) | 5 |
| Dividends and buybacks | ||
| Buyback yield | – | 2.8% |
| Shareholder yield | 0.00% | 2.8% (better) |
| Ownership | ||
| Held by institutions | 96.6% | 68.6% |
| Held by insiders | 0.77% | 10.8% |
| Insider net buying, 12 months | −$29.1M (better) | −$136M |
| Superinvestors holding | 1 | 1 |
| Short interest, % of float | 2.2% | 1.9% |
Go deeper
- FFIV stock overview
- FFIV income statement
- FFIV valuation and score
- FTNT stock overview
- FTNT income statement
- FTNT valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.