Fortinet Statistics
Total Valuation
Fortinet has a market cap or net worth of $64.64 billion. The enterprise value is $62.60 billion.
| Market Cap | 64.64B |
| Enterprise Value | 62.60B |
Important Dates
The last earnings date was Wednesday, November 5, 2025, after market close.
| Earnings Date | Nov 5, 2025 |
| Ex-Dividend Date | n/a |
Share Statistics
Fortinet has 743.65 million shares outstanding. The number of shares has increased by 0.04% in one year.
| Current Share Class | 743.65M |
| Shares Outstanding | 743.65M |
| Shares Change (YoY) | +0.04% |
| Shares Change (QoQ) | -1.49% |
| Owned by Insiders (%) | 15.74% |
| Owned by Institutions (%) | 70.38% |
| Float | 625.70M |
Valuation Ratios
The trailing PE ratio is 35.77 and the forward PE ratio is 30.64. Fortinet's PEG ratio is 2.20.
| PE Ratio | 35.77 |
| Forward PE | 30.64 |
| PS Ratio | 10.13 |
| Forward PS | 8.68 |
| PB Ratio | 87.84 |
| P/TBV Ratio | 176.32 |
| P/FCF Ratio | 31.87 |
| P/OCF Ratio | 26.40 |
| PEG Ratio | 2.20 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 28.84, with an EV/FCF ratio of 30.86.
| EV / Earnings | 33.41 |
| EV / Sales | 9.55 |
| EV / EBITDA | 28.84 |
| EV / EBIT | 30.95 |
| EV / FCF | 30.86 |
Financial Position
The company has a current ratio of 1.03, with a Debt / Equity ratio of 1.48.
| Current Ratio | 1.03 |
| Quick Ratio | 0.90 |
| Debt / Equity | 1.48 |
| Debt / EBITDA | 0.49 |
| Debt / FCF | 0.54 |
| Interest Coverage | 98.20 |
Financial Efficiency
Return on equity (ROE) is 228.04% and return on invested capital (ROIC) is 66.39%.
| Return on Equity (ROE) | 228.04% |
| Return on Assets (ROA) | 13.88% |
| Return on Invested Capital (ROIC) | 66.39% |
| Return on Capital Employed (ROCE) | 44.22% |
| Revenue Per Employee | $463,623 |
| Profits Per Employee | $132,522 |
| Employee Count | 14,138 |
| Asset Turnover | 0.72 |
| Inventory Turnover | 3.21 |
Taxes
In the past 12 months, Fortinet has paid $381.00 million in taxes.
| Income Tax | 381.00M |
| Effective Tax Rate | 16.90% |
Stock Price Statistics
The stock price has decreased by -11.48% in the last 52 weeks. The beta is 1.10, so Fortinet's price volatility has been higher than the market average.
| Beta (5Y) | 1.10 |
| 52-Week Price Change | -11.48% |
| 50-Day Moving Average | 83.57 |
| 200-Day Moving Average | 93.16 |
| Relative Strength Index (RSI) | 64.51 |
| Average Volume (20 Days) | 5,247,068 |
Short Selling Information
The latest short interest is 20.48 million, so 2.75% of the outstanding shares have been sold short.
| Short Interest | 20.48M |
| Short Previous Month | 21.07M |
| Short % of Shares Out | 2.75% |
| Short % of Float | 3.27% |
| Short Ratio (days to cover) | 3.86 |
Income Statement
In the last 12 months, Fortinet had revenue of $6.55 billion and earned $1.87 billion in profits. Earnings per share was $2.43.
| Revenue | 6.55B |
| Gross Profit | 5.30B |
| Operating Income | 2.02B |
| Pretax Income | 2.25B |
| Net Income | 1.87B |
| EBITDA | 2.17B |
| EBIT | 2.02B |
| Earnings Per Share (EPS) | $2.43 |
Balance Sheet
The company has $3.12 billion in cash and $1.09 billion in debt, giving a net cash position of $2.03 billion or $2.74 per share.
| Cash & Cash Equivalents | 3.12B |
| Total Debt | 1.09B |
| Net Cash | 2.03B |
| Net Cash Per Share | $2.74 |
| Equity (Book Value) | 735.10M |
| Book Value Per Share | 0.99 |
| Working Capital | 127.40M |
Cash Flow
In the last 12 months, operating cash flow was $2.45 billion and capital expenditures -$419.60 million, giving a free cash flow of $2.03 billion.
| Operating Cash Flow | 2.45B |
| Capital Expenditures | -419.60M |
| Free Cash Flow | 2.03B |
| FCF Per Share | $2.73 |
Margins
Gross margin is 80.87%, with operating and profit margins of 30.86% and 28.58%.
| Gross Margin | 80.87% |
| Operating Margin | 30.86% |
| Pretax Margin | 34.40% |
| Profit Margin | 28.58% |
| EBITDA Margin | 33.12% |
| EBIT Margin | 30.86% |
| FCF Margin | 30.95% |
Dividends & Yields
Fortinet does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | -0.04% |
| Shareholder Yield | -0.04% |
| Earnings Yield | 2.90% |
| FCF Yield | 3.14% |
Analyst Forecast
The average price target for Fortinet is $90.74, which is 4.40% higher than the current price. The consensus rating is "Hold".
| Price Target | $90.74 |
| Price Target Difference | 4.40% |
| Analyst Consensus | Hold |
| Analyst Count | 31 |
| Revenue Growth Forecast (5Y) | 11.54% |
| EPS Growth Forecast (5Y) | 12.18% |
Stock Splits
The last stock split was on June 23, 2022. It was a forward split with a ratio of 5:1.
| Last Split Date | Jun 23, 2022 |
| Split Type | Forward |
| Split Ratio | 5:1 |
Scores
Fortinet has an Altman Z-Score of 6.35 and a Piotroski F-Score of 7.
| Altman Z-Score | 6.35 |
| Piotroski F-Score | 7 |