FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31
Fortinet, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$171.50+2.37 (+1.40%)
Close on Oct 19, 2026
- Market cap
- $126.89B
- P/E (TTM)
- 60.4
- Dividend yield
- –
Fortinet statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Computer Peripheral Equipment, NEC companies for comparison
Valuation
| Measure | Fortinet | Industry median |
|---|---|---|
| Market Cap | $125.83B | $1.13B |
| Enterprise Value | $123.39B | $1.34B |
| PE Ratio | 60.39 | 29.21 |
| PS Ratio | 16.72 | 2.23 |
| PB Ratio | 81.12 | 2.74 |
| P/TBV Ratio | 103.43 | 3.84 |
| P/FCF Ratio | 40.37 | 22.36 |
| P/OCF Ratio | 37.05 | 17.09 |
Enterprise value
| Measure | Fortinet | Industry median |
|---|---|---|
| EV / Sales | 16.39 | 2.17 |
| EV / EBITDA | 47.44 | 16.91 |
| EV / EBIT | 50.53 | 20.70 |
| EV / FCF | 39.59 | 24.03 |
Income (trailing twelve months)
| Measure | Fortinet | Industry median |
|---|---|---|
| Revenue | $7.53B | $866.07M |
| Gross Profit | $6.04B | $317.63M |
| Operating Income | $2.44B | $33.78M |
| Pretax Income | $2.62B | $61.14M |
| Net Income | $2.12B | $20.20M |
| EBITDA | $2.60B | $59.87M |
| EPS (Diluted) | $2.84 | $0.70 |
Margins
| Measure | Fortinet | Industry median |
|---|---|---|
| Gross Margin | 80.2% | 34.3% |
| Operating Margin | 32.4% | 5.94% |
| Pretax Margin | 34.8% | 6.55% |
| Profit Margin | 28.2% | 4.89% |
| EBITDA Margin | 34.6% | 9.65% |
| FCF Margin | 41.4% | 7.34% |
Returns
| Measure | Fortinet | Industry median |
|---|---|---|
| Return on Equity (ROE) | 117.4% | 7.49% |
| Return on Assets (ROA) | 19.7% | 3.02% |
| Return on Capital Employed (ROCE) | 40.6% | 6.30% |
Growth
| Measure | Fortinet | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 18.8% | 9.10% |
| Net Income Growth (YoY) | 9.34% | 8.53% |
| EPS Growth (YoY) | 13.1% | 10.7% |
| FCF Growth (YoY) | 53.3% | 6.28% |
| Revenue Growth (3Y CAGR) | 15.5% | 3.24% |
| Revenue Growth (5Y CAGR) | 21.3% | 7.11% |
| EPS Growth (3Y CAGR) | 31.7% | 7.68% |
| EPS Growth (5Y CAGR) | 33.1% | 15.9% |
Balance sheet
| Measure | Fortinet | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $2.93B | $109.83M |
| Total Debt | $496.90M | $504.82M |
| Net Cash (Debt) | $2.44B | $381.39K |
| Net Cash Per Share | $3.32 | $0.00 |
| Equity (Book Value) | $1.55B | $380.65M |
| Book Value Per Share | $2.11 | $8.57 |
| Tangible Book Value | $1.22B | $79.42M |
| Working Capital | $1.37B | $228.02M |
Financial position
| Measure | Fortinet | Industry median |
|---|---|---|
| Current Ratio | 1.28 | 1.98 |
| Quick Ratio | 0.91 | 0.99 |
| Debt / Equity | 0.32 | 0.52 |
| Debt / EBITDA | 0.19 | 2.21 |
| Debt / FCF | 0.16 | 2.83 |
| Net Debt / EBITDA | -0.94 | 1.23 |
| Interest Coverage | 135.68 | 4.60 |
Cash flow (trailing twelve months)
| Measure | Fortinet | Industry median |
|---|---|---|
| Operating Cash Flow | $3.40B | $75.30M |
| Capital Expenditures | -$279.10M | -$27.96M |
| Free Cash Flow | $3.12B | $59.74M |
| FCF Per Share | $4.25 | $1.16 |
Efficiency
| Measure | Fortinet | Industry median |
|---|---|---|
| Asset Turnover | 0.70 | 0.70 |
| Inventory Turnover | 3.58 | 3.72 |
| Revenue Per Employee | $498.21K | $408.02K |
| Profits Per Employee | $140.36K | $16.42K |
| Employee Count | 15,109 | 1,633 |
Dividends and yields
| Measure | Fortinet | Industry median |
|---|---|---|
| Earnings Yield | 1.69% | 2.31% |
| FCF Yield | 2.48% | 3.20% |
| Buyback Yield | 2.21% | 1.13% |
| Shareholder Yield | 2.21% | 1.97% |
Shares
| Measure | Fortinet | Industry median |
|---|---|---|
| Shares Outstanding | 733,714,000 | 58,902,000 |
| Shares Change (YoY) | -3.39% | 0.45% |
| Shares Change (QoQ) | -0.05% | 0.14% |
| Float | 654,835,000 | 51,812,050 |
| Shares Held by Insiders | 10.8% | 5.01% |
| Shares Held by Institutions | 68.6% | 83.5% |
Taxes
| Measure | Fortinet | Industry median |
|---|---|---|
| Income Tax | $502.50M | $14.90M |
| Effective Tax Rate | 19.2% | 20.9% |
Scores
| Measure | Fortinet | Industry median |
|---|---|---|
| Graham Number | $11.62 | $30.38 |
| Graham Upside | -93.2% | -55.4% |
| Altman Z-Score | 9.66 | 3.03 |
| Piotroski F-Score | 5 | 5 |
| Beneish M-Score | -2.64 | -2.55 |
Calculated by StockData from Fortinet's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.