Fortinet (FTNT) Peer Comparison

$135.57

$-3.54 (-2.54%)

As on 30-Oct-2026 13:38EDT

Market cap

$132,061 Mln

Revenue (TTM)

$7,527 Mln

P/E Ratio

63.6

P/B Ratio

82.4

Div. Yield

0 %

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	Fortinet (FTNT)	International Business Machines (IBM)	Automatic Data Processing (ADP)	Cloudflare Inc. Class A (NET)	Applovin Corp (APP)
Market cap ($ Mln)	132,061	244,106	120,524	99,952	87,428
Revenue ($ Mln)	7,527	69,869	21,948	2,512	6,829
Net Profit ($ Mln)	2,120.70	11,170.00	4,413.50	-206.28	4,409.97
Net Margin (%)	28.17	15.99	20.11	-8.21	64.58
RoE (%)	152.10	32.61	72.24	-13.40	166.49
Price to Earnings	63.60	22.04	27.80	--	20.00
Price-To-Book	82.43	6.73	17.76	68.20	198.13

Income Statement ($ Mln)

	Fortinet (FTNT)	International Business Machines (IBM)	Automatic Data Processing (ADP)	Cloudflare Inc. Class A (NET)	Applovin Corp (APP)
Operating Revenue	7,527.40	69,869.00	21,947.50	2,512.35	6,829.12
Cost of Revenue	1,477.00	29,369.00	11,371.90	688.97	787.82
Gross Profit	5,497.00	39,297.00	10,452.20	1,615.41	4,815.58
Operating Expenses	3,612.40	28,796.00	6,497.20	2,177.76	752.85
Operating Profit (EBIT)	2,440.80	11,704.00	4,078.40	-354.38	5,288.46
Other Income	0.00	0.00	0.00	0.00	0.00
Profit before Tax	2,622.20	10,507.00	5,730.30	-198.00	5,211.23
Provision for Tax	502.50	-652.00	1,316.80	8.28	801.28
Profit after Tax (Net Income)	2,120.70	11,170.00	4,413.50	-206.28	4,409.97
Minority Interest	0.00	0.00	0.00	0.00	0.00
Consolidated Profit	0.00	5,600.00	0.00	-13.37	0.00

	Fortinet (FTNT)	International Business Machines (IBM)	Automatic Data Processing (ADP)	Cloudflare Inc. Class A (NET)	Applovin Corp (APP)
Shareholder's Funds	1,551.10	35,537.00	6,031.20	1,620.02	3,163.02
Minority Interest	0.00	0.00	0.00	0.00	0.00
Non-Current Liabilities	4,467.30	82,320.00	7,137.20	2,226.07	3,852.16
Current Liabilities	4,840.80	36,486.00	50,024.90	2,628.03	1,253.96
Total Liabilities	10,389.20	151,880.00	53,369.30	6,036.26	7,259.61

	Fortinet (FTNT)	International Business Machines (IBM)	Automatic Data Processing (ADP)	Cloudflare Inc. Class A (NET)	Applovin Corp (APP)
Non-Current Assets	4,650.90	123,820.00	10,632.20	1,695.75	2,876.82
Current Assets	6,208.30	31,190.00	52,561.10	4,778.38	5,392.32
Total Assets	10,389.20	151,880.00	53,369.30	6,036.26	7,259.61
Total Debt*	496.90	67,140.00	5,270.80	3,529.35	3,515.07
Net Current Assets	1,367.50	-5,293.00	2,536.20	2,150.34	4,138.36

	Fortinet (FTNT)	International Business Machines (IBM)	Automatic Data Processing (ADP)	Cloudflare Inc. Class A (NET)	Applovin Corp (APP)
Cash From Operating Activities	2,590.60	13,193.00	4,939.70	603.11	3,971.09
Cash Flow from Investing Activities	-599.10	-10,302.00	-3,035.00	-1,806.70	402.81
Cash from Financing Activities	-2,371.50	-3,829.00	-6,973.40	1,939.97	-2,593.07
Net Cash Inflow / Outflow	--	--	--	--	--

	Fortinet (FTNT)	International Business Machines (IBM)	Automatic Data Processing (ADP)	Cloudflare Inc. Class A (NET)	Applovin Corp (APP)
ROCE (%)	78.50	11.42	34.71	-2.67	64.57
ROE (%)	152.10	32.61	71.05	-13.40	166.49
ROA (%)	13.63	5.99	4.25	-2.66	53.21
EBIT Margin (%)	35.07	17.79	26.71	-7.43	79.31
Net Margin (%)	28.17	15.99	20.11	-8.21	64.58
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Fortinet (FTNT)	International Business Machines (IBM)	Automatic Data Processing (ADP)	Cloudflare Inc. Class A (NET)	Applovin Corp (APP)
Revenue Growth (%)	18.77	6.83	6.74	33.53	47.63
EBIT Growth (%)	14.75	9.30	1.84	-83.13	84.55
Net Profit Growth (%)	9.34	41.27	8.18	-76.18	81.51
EPS Growth (%)	12.98	40.20	9.64	-72.19	84.58
Book Value Growth (%)	-21.32	26.73	-0.52	28.15	174.47

	Fortinet (FTNT)	International Business Machines (IBM)	Automatic Data Processing (ADP)	Cloudflare Inc. Class A (NET)	Applovin Corp (APP)
Price / Earnings	32.05	26.63	30.82	-676.82	68.70
Price / Book Value	48.00	6.73	20.32	68.20	107.29
Dividend Yield (%)	--	2.66	--	0.00	--
EV/EBITDA	23.05	18.12	20.34	2,573.97	52.84
Market Cap ($ Cr)	--	--	--	--	--

	Fortinet (FTNT)	International Business Machines (IBM)	Automatic Data Processing (ADP)	Cloudflare Inc. Class A (NET)	Applovin Corp (APP)
Debt to Equity	0.32	1.60	0.82	1.22	1.11
Short term debt to equity ratio	0.00	0.22	0.00	0.85	0.00
Current Ratio	1.28	0.85	1.05	1.82	4.30
Quick Ratio	1.19	0.80	1.05	1.82	4.30
Interest Coverage	146.68	6.45	13.48	-16.29	26.42

	Fortinet (FTNT)	International Business Machines (IBM)	Automatic Data Processing (ADP)	Cloudflare Inc. Class A (NET)	Applovin Corp (APP)
Debtors to sales (%)	19.34	19.86	16.04	17.92	31.79
Asset Turnover	0.48	0.37	0.21	0.32	0.82
Receivable days	84.73	85.58	62.24	62.28	107.75
Inventory Days	100.24	16.23	--	--	--
Payable days	59.12	56.83	4.87	62.77	359.79
Cash Conversion Cycle	125.85	44.98	--	--	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.