Fortinet, Inc. (FTNT) stock

FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 16/3011% above fair value

$129.54+1.44 (+1.12%)

Close on Nov 12, 2026Market cap $95.17BP/E 42.1Yield –

Fortinet statistics

108 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 4, 2027 (estimated, after the close)
Last ex-dividend date: No dividends
Fundamentals through: Sep 30, 2026
Share price as of: Nov 12, 2026

Valuation ratiosIndustry

Market Cap: $95.17B; $1.84B
Enterprise Value: $91.92B; $2.02B
PE Ratio: 42.06; 28.57
PS Ratio: 12.08; 2.37
PB Ratio: 42.36; 2.41
P/TBV Ratio: 50.13; 3.48
P/FCF Ratio: 27.74; 21.25
P/OCF Ratio: 25.81; 15.80

Enterprise valuationIndustry

EV / Sales: 11.66; 2.35
EV / EBITDA: 33.31; 16.25
EV / EBIT: 35.37; 20.25
EV / FCF: 26.79; 22.46

Share statisticsIndustry

Shares Outstanding: 735M; 59M
Shares Change (YoY): -3.66%; 0.49%
Shares Change (QoQ): 0.14%; 0.03%
Float: 656M; 51M
Shares Held by Insiders: 10.7%; 5.17%
Shares Held by Institutions: 68.6%; 81.8%

Short sellingIndustry

Short Interest: 12M; –
Short Interest Change: -0.88%; -0.88%
Short % of Float: 1.82%; 4.17%
Short % of Shares Outstanding: 1.63%; 3.65%
Days to Cover: 1.94; 3.58

Stock price statisticsIndustry

52-Week High: $197.13; –
52-Week Low: $73.55; –
20-Day Moving Average: $149.25; –
50-Day Moving Average: $165.06; –
200-Day Moving Average: $130.48; –
Average True Range (14): $8.04; –
Price Change (1 Week): 5.74%; 5.13%
Price Change (1 Month): -29.6%; -5.32%
Price Change (3 Months): -19.0%; -15.1%
Price Change (6 Months): 6.30%; -11.3%
Price Change (YTD): 63.1%; 6.24%
Price Change (1 Year): 54.8%; 5.98%
Price Change (3 Years): 157.5%; 33.6%
Price Change (5 Years): 89.3%; 15.6%
Price Change (10 Years): 1933.0%; 92.3%
Average Volume (10 Days): 7M; –
Average Volume (20 Days): 6M; –
Average Volume (90 Days): 5M; –
Relative Volume: 0.75; 0.78
Relative Strength Index (14): 34.0; 45.7
Volatility (1 Year): 48.9%; 53.7%
Beta (5 Years): 1.38; 1.06

MarginsIndustry

Gross Margin: 79.7%; 34.6%
Operating Margin: 33.0%; 5.85%
Pretax Margin: 35.3%; 6.52%
Profit Margin: 29.0%; 4.89%
EBITDA Margin: 35.0%; 9.73%
FCF Margin: 43.5%; 7.10%

Returns on capitalIndustry

Return on Equity (ROE): 153.1%; 7.46%
Return on Assets (ROA): 21.4%; 3.06%
Return on Capital Employed (ROCE): 37.9%; 6.81%

Financial positionIndustry

Current Ratio: 1.40; 2.02
Quick Ratio: 1.02; 0.96
Debt / Equity: 0.22; 0.52
Debt / EBITDA: 0.18; 1.99
Debt / FCF: 0.14; 2.68
Net Debt / EBITDA: -1.18; 1.24
Interest Coverage: 175.62; 4.87

GrowthIndustry

Revenue Growth (YoY): 20.2%; 9.19%
Net Income Growth (YoY): 21.8%; 9.10%
EPS Growth (YoY): 26.7%; 14.0%
FCF Growth (YoY): 69.2%; 15.9%
Revenue Growth (3Y CAGR): 15.5%; 3.31%
Revenue Growth (5Y CAGR): 21.3%; 7.11%
EPS Growth (3Y CAGR): 31.7%; 7.25%
EPS Growth (5Y CAGR): 33.1%; 15.5%

EfficiencyIndustry

Asset Turnover: 0.74; 0.70
Inventory Turnover: 3.14; 3.64
Revenue Per Employee: $521.60K; $427.56K
Profits Per Employee: $151.06K; $16.74K
Employee Count: 15,109; 1,633
WACC: 11.8%; 9.50%

Income statement (TTM)Industry

Revenue: $7.88B; $906.74M
Gross Profit: $6.29B; $333.11M
Operating Income: $2.60B; $38.90M
Pretax Income: $2.78B; $62.51M
Net Income: $2.28B; $28.24M
EBITDA: $2.76B; $67.41M
EPS (Diluted): $3.08; $0.71

Balance sheetIndustry

Cash & Short-Term Investments: $3.75B; $110.96M
Total Debt: $497.10M; $498.70M
Net Cash (Debt): $3.25B; $600.42K
Net Cash Per Share: $4.43; $0.00
Equity (Book Value): $2.25B; $449.80M
Book Value Per Share: $3.06; $10.18
Tangible Book Value: $1.90B; $74.75M
Working Capital: $2.02B; $231.24M

Cash flow (TTM)Industry

Operating Cash Flow: $3.69B; $76.02M
Capital Expenditures: -$255.60M; -$26.59M
Free Cash Flow: $3.43B; $61.59M
FCF Per Share: $4.67; $1.38

Dividends and yieldsIndustry

Earnings Yield: 2.40%; 2.75%
FCF Yield: 3.61%; 3.52%
Buyback Yield: 0.99%; 1.35%
Shareholder Yield: 0.99%; 1.88%

Taxes and interestIndustry

Interest Expense: $14.80M; $18.27M
Income Tax: $501.30M; $18.38M
Effective Tax Rate: 18.0%; 21.3%

Scores and fair valueIndustry

Graham Number: $14.56; $32.11
Graham Upside: -88.8%; -52.1%
Altman Z-Score: 7.51; 3.08
Piotroski F-Score: 5; 5
Beneish M-Score: -2.64; -2.56
Lynch Fair Value: $77.00; –
Lynch Upside: -40.6%; -40.6%

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

Period	FTNT	S&P 500	Difference	FTNT per year	S&P 500 per year
1 month	-32.9%	-2.7%	−30.2 pts
3 months	-19.5%	-1.7%	−17.7 pts
Year to date	+63.1%	+11.9%	+51.2 pts
1 year	+57.7%	+12.0%	+45.7 pts
3 years	+154.9%	+78.2%	+76.7 pts	+36.6%	+21.2%
5 years	+89.3%	+73.2%	+16.1 pts	+13.6%	+11.6%
10 years	+1933.0%	+309.6%	+1623.3 pts	+35.1%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

12M FTNT shares were sold short on Oct 30, 2026, down 0.9% from the previous report, or 1.82% of the shares available to trade. At recent volumes it would take 1.9 days to buy them back. Over the last 20 sessions, 51.3% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	11,971,323	-0.9%	6,164,987	1.9
Oct 15, 2026	12,077,511	-3.4%	3,322,057	3.6
Sep 30, 2026	12,503,836	-8.9%	4,278,774	2.9
Sep 15, 2026	13,718,909	+1.2%	3,889,268	3.5
Aug 31, 2026	13,556,993	-4.5%	4,438,873	3.0
Aug 14, 2026	14,198,087	-1.3%	4,696,012	3.0
Jul 31, 2026	14,384,628	-0.7%	5,860,787	2.5
Jul 15, 2026	14,492,724	-3.7%	4,628,961	3.1
Jun 30, 2026	15,056,605	-19.9%	7,595,492	2.0
Jun 15, 2026	18,802,691	+11.5%	6,498,753	2.9
May 29, 2026	16,866,836	-14.2%	6,126,124	2.8
May 15, 2026	19,647,622	+2.9%	6,953,329	2.8