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Fortinet (FTNT) Key Ratios

Stock Card factsheet share-fund-plan-icon

$172.78

up-down-arrow $15.24 (9.67%)

As on 27-Aug-2026 16:18EDT

Market cap

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$112,632 Mln

Revenue (TTM)

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$7,527 Mln

P/E Ratio

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53.1

P/B Ratio

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71.3

Div. Yield

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0 %

Key Ratios and Highlights

Growth Score (%) Quarterly Annual (TTM)
Particulars QoQ YoY 1-Year 3-Years 5-Years
Revenue 10.72 25.64 18.77 14.71 20.93
EBIT 9.47 38.61 14.75 28.57 35.97
Net Profit 13.43 37.76 9.34 26.01 32.73
EPS 13.66 43.99 12.98 28.51 35.48
Book Value -- -- -14.15 -- 9.85
Key Ratios (%) Average Annual (TTM)
Particulars3-Years5-YearsTTMDec-25Dec-24
EBIT-Margin info 30.7726.7235.0734.0134.90
Net Margin info --18.9628.17----
Return on equity info 55.44114.29152.10135.72338.74
Return on Capital info 124.9497.30--78.50115.69
Return on Assets info 18.6416.4413.6318.3920.51
Debt to Equity (x) info ----0.320.810.67

Profitability

View Detailed Peer Comparison

ROCE

--

--

Earning before interest and taxes / (Average net worth + Average total Debt) * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
--
78.50
115.69
180.63
67.11
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROE

152.10

Higher than Peers by 133.82

Profit after tax / Average Net worth * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
152.10
135.72
338.74
-308.13
331.77
Peer Median
18.28
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROA

13.63

Higher than Peers by 8.66

Profit after tax / Average Total assets * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
13.63
18.39
20.51
17.02
14.12
Peer Median
4.97
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Margin

35.07

Higher than Peers by 24.05

Operating profit (EBIT) / Net Sales * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
35.07
34.01
34.90
23.40
22.04
Peer Median
11.02
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Margin

28.17

Higher than Peers by 20.07

Net profit / Total Income (Net sales plus other income) * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
28.17
27.26
29.30
21.64
19.69
Peer Median
8.11
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Profit Margin

--

--

(Net profit + Depreciation) / Gross Sales * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
--
--
--
--
--
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Growth

View Detailed Peer Comparison

Revenue Growth

18.77

Higher than Peers by 9.59

Year on year growth in net sales

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
18.77
0.14
0.12
0.20
0.32
Peer Median
9.18
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Growth

14.75

Lower than Peers by 0.22

Year on year growth in operating profit (EBIT)

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
14.75
11.26
67.47
27.49
51.33
Peer Median
14.98
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Profit Growth

9.34

Lower than Peers by 5.02

Year on year growth in profit after tax

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
9.34
6.20
52.05
33.89
41.28
Peer Median
14.36
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EPS Growth

12.98

Lower than Peers by 11.43

Year on year growth in earnings per share

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
12.98
0.10
0.51
0.37
0.49
Peer Median
24.41
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Book Value Growth

-21.32

Lower than Peers by 35.34

Year on year growth in book value per share

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
-21.32
--
--
--
--
Peer Median
14.02
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Solvency

View Detailed Peer Comparison

Debt to Equity

0.32

Lower than Peers by 0.03

Total debt / Net worth

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
0.32
0.81
0.67
-2.14
-3.63
Peer Median
0.35
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Short term debt to equity ratio

--

--

(Short term borrowings / Net worth)

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
--
0.40
0.02
-0.07
-0.12
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Current Ratio

1.28

Lower than Peers by 0.13

Current Assets / Current Liabilities and Provisions

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
1.28
1.17
1.47
1.19
1.24
Peer Median
1.42
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Quick Ratio

1.19

Lower than Peers by 0.20

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
1.19
1.09
1.39
1.06
1.15
Peer Median
1.39
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Interest Coverage

146.68

Higher than Peers by 138.05

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
146.68
115.05
103.93
59.10
54.08
Peer Median
8.63
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Operating Efficiency

View Detailed Peer Comparison

Debtors to sales

19.34

Higher than Peers by 0.27

Debtors outstanding / Net Sales * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
19.34
24.87
24.57
26.43
28.56
Peer Median
19.06
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Asset Turnover

0.48

Lower than Peers by 0.00

Sales / Average Total Assets

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
0.48
0.67
0.70
0.79
0.73
Peer Median
0.49
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Receivable days

--

--

Average Debtors / Sales * 365

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
--
84.73
87.86
91.70
85.55
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Inventory Days

--

--

Average Inventory / Sales * 365

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
--
100.24
126.26
110.62
74.13
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Payable days

--

--

Average Creditors / Cost of goods sold * 365

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
--
59.12
62.35
66.09
65.95
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Conversion Cycle

--

--

Receivable Days + Inventory Days - Payable Days

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
--
125.85
151.77
136.24
93.73
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Valuation

View Detailed Peer Comparison

Price / Earnings

53.12

Higher than Peers by 23.44

Current share price divided by earning per share in the last twelve months

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
53.12
32.05
41.97
39.38
45.15
Peer Median
29.68
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Price / Book Value

71.33

Higher than Peers by 65.48

Current share price divided by book value per share in the latest financial year

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
71.33
48.00
49.03
-97.55
-137.47
Peer Median
5.85
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Dividend Yield

--

--

Dividend per share in the past twelve months divided by current share price

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
--
--
--
--
--
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EV/EBITDA

38.24

--

Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
38.24
23.05
31.88
35.25
34.82
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Market Cap

112,632

Higher than Peers by 111,296

Current Share price multiplied by latest total number of shares outstanding

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
Fortinet (FTNT)
112,632
--
--
--
--
Peer Median
1,337
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
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