Fortinet, Inc. FTNT

173.46 (5.21) (2.92%) as of 25 Sep
Market cap
$130.0B
P/E
60.7×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Fortinet, Inc. (FTNT) Current ratio

Fortinet, Inc.'s current ratio at the end of the quarter to 30 June 2026 was 1.3×, up 0.1× from fiscal 2025 (1.2×). Over the past ten years it has ranged from 1.2× (fiscal 2025) to 1.9× (fiscal 2019) — the current reading is the lowest in ten years. That is below the Software Infrastructure industry median of 1.6× and below the Technology sector median of 1.9×.

Current ratio, annual

Annual

Period Current ratio Change
FY2025 1.2× (20.30%)
FY2024 1.5× 23.51%
FY2023 1.2× (3.81%)
FY2022 1.2× (20.31%)
FY2021 1.6× 3.70%
FY2020 1.5× (21.25%)
FY2019 1.9× 7.60%
FY2018 1.8× 5.77%
FY2017 1.7× (9.91%)
FY2016 1.9× (0.91%)

Quarterly

Period Current ratio Change
Jun 2026 1.3× 11.19%
Mar 2026 1.2× (1.60%)
Dec 2025 1.2× 14.17%
Sep 2025 1.0× (22.72%)
42 more quarters

Against its own ten years

Low 1.2× High 1.9×
Ten-year median 1.6×
Current reading's percentile 9

Current ratio against peers

Company Current ratio
TWLO Twilio Inc. compare 4.6×
NBIS Nebius Group N.V. compare 4.0×
XYZ Block, Inc. compare 2.2×
NET Cloudflare, Inc. compare 1.8×
CRWD CrowdStrike compare 1.6×
SNPS Synopsys, Inc. compare 1.3×
FTNT Fortinet, Inc. 1.3×
PANW Palo Alto Networks, Inc. compare 0.9×
CRWV CoreWeave Inc. compare 0.5×
Software Infrastructure industry median 1.6×
Technology sector median 1.9×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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