Fortinet Inc.
FTNT | NASDAQ
$174.08
+$4.24 (+2.50%)
Sep 21, 2026, 12:39 PM ET · Market open
Market Data
Market Cap $124.61B
Enterprise Value $121.04B
Beta 1.06
Average Volume 5.82M
Shares Outstanding (Diluted) 741.3M
Shares Change YoY -4.32%
Institutional Ownership 65.54%
Exchange NASDAQ
ISIN US34959E1091
Price Performance
Price Change 1M 7.4%
Price Change 3M 16.8%
Price Change 6M 105.2%
Price Change YTD 118.1%
Price Change 1Y 109.7%
Price Change 3Y 191.6%
Price Change 5Y 172.3%
1M CAGR (ann.) 6.1%
1Y CAGR (ann.) 111.5%
5Y CAGR (ann.) 22.3%
All-Time CAGR 31.6%
Valuation
PE Ratio 59.80
Forward PE 44.09
PEG Ratio 4.55
Forward PEG 6.30
PS Ratio 16.55
Forward PS 13.80
PB Ratio 80.34
P/FCF Ratio 39.98
P/Adj. FCF Ratio 42.98
P/OCF Ratio 36.84
EV/Sales 16.08
EV/EBIT 45.85
EV/EBITDA 41.83
EV/FCF 38.83
Earnings Yield 1.7%
FCF Yield 2.5%
Adj. FCF Yield 2.3%
Financial Health
Net Cash $3.57B
Total Debt $496.9M
Cash & Short-Term Investments $4.07B
Total Assets $10.86B
Current Ratio 1.28
Quick Ratio 1.19
Debt / Equity Ratio 0.32
Debt / EBITDA 0.17
Debt / FCF 0.16
OCF / Debt 6.83
Interest Coverage 135.60
Altman Z-Score 9.64
Piotroski F-Score 7
Margins & Profitability
Gross Profit Margin 80.4%
Operating Profit Margin 32.4%
EBITDA Margin 38.4%
Net Profit Margin 28.2%
FCF Margin 41.4%
Adj. FCF Margin 38.5%
SBC / Revenue 3.9%
SBC Impact (per share) -7.0%
Returns
Return on Assets 19.5%
Return on Equity 187.9%
Return on Invested Capital 32.8%
Return on Capital Employed 40.6%
Return on Tangible Assets 20.1%
Historical Growth (CAGR)
Revenue CAGR 3Y 14.7%
Revenue CAGR 5Y 20.9%
Revenue CAGR 10Y 20.6%
EPS CAGR 3Y 28.8%
EPS CAGR 5Y 35.6%
EPS CAGR 10Y 112.7%
FCF CAGR 3Y 16.4%
FCF CAGR 5Y 23.0%
FCF CAGR 10Y 29.4%
Analyst Forecasts
Analyst Rating Hold
Analyst Count 69
EPS Growth Next 3Y 7.5%
Revenue Growth Next 3Y 14.9%
Earnings Date Nov 3, 2026
EPS Estimate (next Q) $0.86
EPS Growth Est (next Q) 16.2%
Revenue Est (next Q) $2.06B
Revenue Growth Est (next Q) 19.5%
Fair Value Estimates
Graham Number $11.61
Graham Upside -93.2%
Lynch Fair Value $71
Lynch Upside -58.2%
Price Target $158.64
Price Target Upside -6.6%
Cash Flow
Operating Cash Flow $3.4B
Free Cash Flow $3.12B
Adj. Free Cash Flow $2.9B
FCF Per Share $4.24
OCF Per Share $4.61
OCF/S Ratio 45.1%
Income Statement
Revenue $7.53B
Gross Profit $6.05B
Operating Income $2.44B
EBITDA $2.89B
Net Income $2.12B
EPS (Diluted) $2.84
Revenue / Employee $486.52K
Profit / Employee $137.07K
Employees 15,472
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