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Fortinet Inc.

FTNT | NASDAQ
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$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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