Fortinet Inc.
FTNT | NASDAQ
$136.08
-$3.02 (-2.17%)
At close: Oct 30, 2026, 4:00 PM ET
$138.35
+$2.27 (+1.67%)
Pre-market:
Nov 2, 2026, 4:02 AM ET
Market Data
Market Cap $99.84B
Enterprise Value $95.54B
Beta 1.04
Average Volume 4.86M
Shares Outstanding (Diluted) 742.6M
Shares Change YoY -3.58%
Institutional Ownership 68.86%
Exchange NASDAQ
ISIN US34959E1091
Price Performance
Price Change 1M -23.9%
Price Change 3M -16.0%
Price Change 6M 57.7%
Price Change YTD 71.4%
Price Change 1Y 57.5%
Price Change 3Y 138.0%
Price Change 5Y 102.3%
1M CAGR (ann.) -19.9%
1Y CAGR (ann.) 61.6%
5Y CAGR (ann.) 15.2%
All-Time CAGR 36.2%
Valuation
PE Ratio 44.18
Forward PE 35.49
PEG Ratio 1.65
Forward PEG 1.39
PS Ratio 12.67
Forward PS 11.00
PB Ratio 44.44
P/FCF Ratio 29.10
P/Adj. FCF Ratio 31.94
P/OCF Ratio 27.11
EV/Sales 12.12
EV/EBIT 34.15
EV/EBITDA 32.30
EV/FCF 27.84
Earnings Yield 2.3%
FCF Yield 3.4%
Adj. FCF Yield 3.1%
Financial Health
Net Cash $4.3B
Total Debt $497.1M
Cash & Short-Term Investments $4.8B
Total Assets $11.94B
Current Ratio 1.40
Quick Ratio 1.28
Debt / Equity Ratio 0.22
Debt / EBITDA 0.17
Debt / FCF 0.14
OCF / Debt 7.42
Interest Coverage 175.62
Altman Z-Score 7.99
Piotroski F-Score 6
Margins & Profitability
Gross Profit Margin 79.8%
Operating Profit Margin 33.0%
EBITDA Margin 37.5%
Net Profit Margin 29.0%
FCF Margin 43.5%
Adj. FCF Margin 39.7%
SBC / Revenue 3.9%
SBC Impact (per share) -8.9%
Returns
Return on Assets 19.1%
Return on Equity 151.5%
Return on Invested Capital 31.1%
Return on Capital Employed 37.9%
Return on Tangible Assets 19.7%
Historical Growth (CAGR)
Revenue CAGR 3Y 15.1%
Revenue CAGR 5Y 20.3%
Revenue CAGR 10Y 20.6%
EPS CAGR 3Y 28.6%
EPS CAGR 5Y 36.1%
EPS CAGR 10Y 97.0%
FCF CAGR 3Y 18.5%
FCF CAGR 5Y 22.3%
FCF CAGR 10Y 29.7%
Analyst Forecasts
Analyst Rating Hold
Analyst Count 28
EPS Growth Next 3Y 5.0%
Revenue Growth Next 3Y 13.2%
Earnings Date Feb 4, 2027
EPS Estimate (next Q) $0.94
EPS Growth Est (next Q) 15.8%
Revenue Est (next Q) $2.2B
Revenue Growth Est (next Q) 15.4%
Fair Value Estimates
Graham Number $14.56
Graham Upside -89.3%
Lynch Fair Value $77.00
Lynch Upside -43.4%
Price Target $151.96
Price Target Upside 11.7%
Cash Flow
Operating Cash Flow $3.69B
Free Cash Flow $3.43B
Adj. Free Cash Flow $3.13B
FCF Per Share $4.67
OCF Per Share $5.02
OCF/S Ratio 46.8%
Income Statement
Revenue $7.88B
Gross Profit $6.29B
Operating Income $2.6B
EBITDA $2.96B
Net Income $2.28B
EPS (Diluted) $3.08
Revenue / Employee $521.6K
Profit / Employee $151.06K
Employees 15,109
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