Fortinet, Inc. FTNT

Technology — Software Infrastructure

173.46 (5.21) (2.92%) as of 25 Sep

Market cap: $130.0B
P/E: 60.7×

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S&P 500 Member Cash Flow Champion (10y) Revenue Champion (10y)

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Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	32.55	41.26	39.04	44.84	96.61	50.19	55.89	35.94	260.88	156.36
P/S ratio Full definition →	8.85	12.13	8.48	8.69	17.55	9.40	8.44	6.60	5.17	4.07
P/FCF ratio Full definition →	27.04	38.43	25.98	26.49	48.73	25.47	25.50	20.33	16.84	18.65
P/Operating CF Full definition →	97.05	151.22	234.68	72.71	159.93	82.27	95.87	66.11	49.08	51.42
P/B ratio Full definition →	48.64	48.35	0.00	0.00	73.47	28.50	13.60	11.79	13.12	6.20
Price to Tangible BV Full definition →	68.18	63.16	0.00	0.00	96.21	33.35	14.67	12.54	13.84	6.51
EV/Sales Full definition →	8.47	11.62	8.21	8.42	17.09	8.71	7.51	5.69	4.33	3.22
EV/EBITDA Full definition →	22.69	31.86	27.35	28.59	62.25	30.58	31.56	26.98	38.61	42.72
EV/Operating CF Full definition →	22.24	30.64	22.51	21.50	38.09	20.86	20.09	16.06	10.90	11.89
EV/FCF Full definition →	25.88	36.81	25.17	25.67	47.45	23.60	22.68	17.52	14.11	14.76
Quick Ratio Full definition →	1.05	1.36	1.03	1.13	1.45	1.40	1.79	1.67	1.56	1.69
Current Ratio Full definition →	1.17	1.47	1.19	1.24	1.55	1.50	1.90	1.77	1.67	1.86
Net Debt/EBITDA Full definition →	(1.02)	(1.41)	(0.91)	(0.91)	(1.68)	(2.41)	(3.92)	(4.34)	(7.46)	(11.28)
Debt/Assets Full definition →	9.59%	10.18%	13.67%	16.43%	17.14%	1.31%	1.21%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	0.81	0.67	(2.14)	(3.63)	1.27	0.06	0.04	0.00	0.00	0.00
Asset Turnover Full definition →	0.67	0.70	0.79	0.73	0.67	0.65	0.62	0.68	0.68	0.65
Operating CF/Net income Full definition →	1.40	1.29	1.69	2.02	2.47	2.22	2.44	1.91	18.93	10.74
Capex/Depreciation Full definition →	(0.80)	(1.03)	(0.58)	(0.85)	(1.11)	(0.61)	(0.56)	(0.36)	(2.33)	(1.26)
Interest Coverage Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROE Full definition →	135.72%	338.74%	(308.13%)	331.77%	73.36%	44.44%	28.20%	41.87%	4.40%	4.04%
ROA Full definition →	18.39%	20.51%	17.02%	14.12%	12.18%	12.33%	9.54%	12.55%	1.43%	1.64%
ROIC Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Tangible Assets Full definition →	74.58%	53.53%	65.45%	52.58%	30.80%	35.95%	20.01%	27.10%	3.36%	3.80%
Average Days of Receivables Full definition →	90.78	89.68	96.47	104.25	88.21	101.30	91.85	89.91	85.02	89.58
Research and Development Expense of Revenue Full definition →	11.99%	12.04%	11.57%	11.60%	12.69%	13.16%	12.81%	13.55%	14.09%	14.36%
Selling, General and Administrative Expense of Revenue Full definition →	37.96%	38.33%	41.80%	42.00%	44.56%	45.92%	47.57%	48.50%	52.77%	55.48%
Intangible Assets out of Total Assets Full definition →	0.03	0.04	0.02	0.03	0.03	0.03	0.03	0.02	0.01	0.02
Share Based Compensation of Revenue Full definition →	4.11%	4.33%	4.69%	4.92%	6.22%	7.39%	8.05%	9.03%	9.18%	9.60%
Graham Net Nets Full definition →	(0.05)	(0.03)	(0.07)	(0.07)	(0.03)	(0.02)	0.01	0.01	0.01	0.05
Graham Number Full definition →	9.47	10.03	0.00	0.00	4.05	3.73	3.67	3.25	0.72	0.92
Earnings Yield Full definition →	3.07%	2.42%	2.56%	2.23%	1.04%	1.99%	1.79%	2.78%	0.38%	0.64%
Free Cash Flow Yield Full definition →	3.70%	2.60%	3.85%	3.77%	2.05%	3.93%	3.92%	4.92%	5.94%	5.36%
Revenue per Share Full definition →	8.97	7.79	6.81	5.58	4.10	3.16	2.53	2.13	1.72	1.48
Operating CF per Share Full definition →	3.42	2.95	2.49	2.19	1.84	1.32	0.95	0.76	0.68	0.40
Capex per Share Full definition →	(0.48)	(0.50)	(0.26)	(0.36)	(0.36)	(0.15)	(0.11)	(0.06)	(0.16)	(0.08)
Free Cash Flow per Share Full definition →	2.94	2.46	2.22	1.83	1.48	1.17	0.84	0.69	0.53	0.32
Cash per Share Full definition →	4.73	5.32	3.13	2.79	3.13	2.24	2.42	1.95	1.44	1.26
Shareholders Equity per Share Full definition →	1.63	1.95	(0.60)	(0.36)	0.98	1.04	1.57	1.19	0.68	0.97
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	1.63	1.95	(0.60)	(0.36)	0.98	1.04	1.57	1.19	0.68	0.97
Free Cash Flow Full definition →	2,225.80	1,879.20	1,731.40	1,449.40	1,203.80	957.80	715.80	585.90	459.10	278.50
Working Capital Full definition →	866.20	1,910.80	709.30	732.00	1,282.50	910.90	1,313.20	964.50	689.60	709.28
Capital Expenditures Full definition →	(364.80)	(378.90)	(204.10)	(281.20)	(295.90)	(125.90)	(92.20)	(53.00)	(135.30)	(67.20)
Net Current Asset Value Full definition →	(3,251.50)	(2,297.80)	(3,294.00)	(2,699.20)	(1,520.10)	(448.10)	232.20	153.10	48.30	236.46
EV/EBIT Full definition →	27.63	38.36	35.11	38.38	87.83	42.51	46.26	43.79	59.01	95.80
Capex to Sales Full definition →	0.05	0.06	0.04	0.06	0.09	0.05	0.04	0.03	0.09	0.05
Net Profit Margin Full definition →	27.26%	29.30%	21.64%	19.41%	18.16%	18.83%	15.34%	18.56%	2.10%	2.52%
Price to Operating Income Full definition →	28.87	40.05	36.25	39.60	90.19	45.87	52.01	50.82	70.40	121.10
Other line items
Depreciation/Fixed assets Full definition →	0.28	0.27	0.34	0.37	0.39	0.46	0.47	0.54	0.24	0.39
Cash ROIC Full definition →	16.70%	13.86%	30.01%	28.18%	18.61%	23.15%	13.42%	13.82%	18.96%	10.84%
Accounts Receivable Turnover Full definition →	4.31	4.16	3.98	4.27	4.38	4.10	4.38	4.55	4.52	4.46
Accounts Payable Turnover Full definition →	6.30	5.86	5.53	5.54	5.40	4.79	5.54	5.76	6.08	5.71
Inventory Turnover Full definition →	3.72	2.89	3.30	4.93	4.96	4.42	4.87	5.38	4.18	3.54
Average Days of Payables Full definition →	63.39	60.19	60.27	81.89	69.18	90.67	69.55	70.02	66.31	61.30
Days of Inventory on Hand Full definition →	109.73	99.48	143.03	89.02	81.95	89.52	85.06	72.94	73.23	115.49
Average Receivables Full definition →	1,577.30	1,432.70	1,331.85	1,034.70	763.85	632.15	494.40	396.35	330.60	286.28
Average Payables Full definition →	210.85	197.60	223.85	195.90	145.00	119.00	91.40	78.20	63.37	59.12
Average Inventory Full definition →	357.50	400.15	374.70	220.20	157.80	128.85	103.95	83.65	92.09	95.38
Average Assets Full definition →	10,076.15	8,511.00	6,743.45	6,073.55	4,981.80	3,961.85	3,478.60	2,667.95	2,198.92	1,965.23
Average Common Equity Full definition →	1,365.65	515.20	(372.50)	258.40	827.20	1,099.20	1,176.30	799.80	713.54	796.53

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Fortinet, Inc. FTNT

Fortinet, Inc. FTNT

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