Fortinet vs NetApp
FTNT and NTAP 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 FTNT and NTAP compare
Fortinet is the larger company, worth 2.6 times as much as NetApp ($99.8B against $39.1B).
On earnings, NetApp is cheaper: it trades at 28.1× trailing earnings, against 47.9× for Fortinet.
Fortinet grew revenue faster over the last twelve months (18.8% versus 12.7% for NetApp).
Fortinet keeps more of each dollar of sales as profit, with a net margin of 28.2% compared with 21.8% at NetApp.
NetApp pays a dividend yielding 1.0%; Fortinet does not pay one.
NetApp scores higher on the StockData Score (18 against 16 for Fortinet), 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 | FTNT | NTAP |
|---|---|---|
| Size and price | ||
| Market cap | $99.8B | $39.1B |
| Share price | $136.08 | $199.18 |
| Change, 1 year | 61.6% | 74.5% |
| Change, 5 years | 99.4% | 119% |
| Beta (5Y) | 1.31 | 1.18 |
| Employees | 15K | 12K |
| StockData Score | ||
| Total score | 16 | 18 (better) |
| Valuation score | 2 (better) | 0 |
| Growth score | 4 | 4 |
| Performance score | 5 | 6 (better) |
| Health score | 5 (better) | 4 |
| Dividend score | 0 | 4 (better) |
| Valuation | ||
| P/E | 47.9× | 28.1× (better) |
| P/S | 13.3× | 6.0× (better) |
| P/B | 64.4× | 26.2× (better) |
| EV/EBITDA | 37.4× | 18.9× (better) |
| P/FCF | 32.0× | 23.7× (better) |
| PEG | 1.51 (better) | 8.98 |
| FCF yield | 3.1% | 4.2% (better) |
| Fair value | $109.03 | $157.07 |
| Margin of safety | −24.8% (better) | −26.8% |
| Growth | ||
| Revenue growth (TTM) | 18.8% (better) | 12.7% |
| Revenue growth, 5Y average | 21.3% (better) | 1.7% |
| Net income growth (TTM) | 9.3% | 21.1% (better) |
| EPS growth (TTM) | 13.1% | 25.4% (better) |
| EPS growth, 5Y average | 33.1% (better) | 14.5% |
| Profitability | ||
| Gross margin | 80.2% | 80.3% (better) |
| Operating margin | 32.4% (better) | 28.5% |
| Net margin | 28.2% (better) | 21.8% |
| FCF margin | 41.4% (better) | 25.4% |
| Return on equity | 117% (better) | 115% |
| Return on invested capital | – | 528% |
| Financial health | ||
| Debt / equity | 0.32 (better) | 1.66 |
| Net debt / EBITDA | −0.94 | −0.54 |
| Interest coverage | 136× | – |
| Current ratio | 1.28 (better) | 1.24 |
| Altman Z-score | 7.98 (better) | 3.78 |
| Piotroski F-score | 5 | 7 (better) |
| Dividends and buybacks | ||
| Dividend yield | – | 1.0% |
| Payout ratio | – | 29.0% |
| Years of dividend growth | – | 0 |
| Dividend growth, 5Y average | – | 1.6% |
| Buyback yield | 2.8% (better) | 2.2% |
| Shareholder yield | 2.8% | 3.2% (better) |
| Ownership | ||
| Held by institutions | 68.6% | 99.0% |
| Held by insiders | 10.8% | 0.48% |
| Insider net buying, 12 months | −$136M | −$31.3M (better) |
| Superinvestors holding | 1 | – |
| Short interest, % of float | 1.9% | 5.5% |
Go deeper
- FTNT stock overview
- FTNT income statement
- FTNT valuation and score
- NTAP stock overview
- NTAP income statement
- NTAP valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.