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Screener Weekly Summary Pricing

Fortinet, Inc. FTNT

Technology  —  Software Infrastructure
173.46 (5.21) (2.92%) as of 25 Sep
Market cap
$130.0B
P/E
60.7×
S&P 500 Member Cash Flow Champion (10y) Revenue Champion (10y)
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Fortinet, Inc. (FTNT) Price to free cash flow

As of 25 September 2026, Fortinet, Inc. (FTNT) trades at a price to free cash flow of 40.8×. Over the past ten years it has ranged from 16.0× (October 2017) to 48.7× (December 2021); the current reading is higher than 91% of that period. That is above the Software Infrastructure industry median of 17.1× and above the Technology sector median of 19.8×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 27.0× (29.63%)
FY2024 38.4× 47.91%
FY2023 26.0× (1.92%)
FY2022 26.5× (45.63%)
FY2021 48.7× 91.35%
FY2020 25.5× (0.14%)
FY2019 25.5× 25.42%
FY2018 20.3× 20.76%
FY2017 16.8× (9.74%)
FY2016 18.7× (13.82%)

Quarterly

Period Price to free cash flow Change
Jun 2026 36.1× 45.75%
Mar 2026 24.8× (8.33%)
Dec 2025 27.0× (13.65%)
Sep 2025 31.3× (21.34%)
42 more quarters

Against its own ten years

Low 16.0× High 48.7×
Ten-year median 27.7×
Current reading's percentile 91

Price to free cash flow against peers

Company Price to free cash flow
NBIS Nebius Group N.V. compare n/m
CRWV CoreWeave Inc. compare n/m
XYZ Block, Inc. compare 11.8×
SNPS Synopsys, Inc. compare 29.7×
FTNT Fortinet, Inc. 40.8×
TWLO Twilio Inc. compare 43.3×
PANW Palo Alto Networks, Inc. compare 68.2×
CRWD CrowdStrike compare 170×
NET Cloudflare, Inc. compare 393×
Software Infrastructure industry median 17.1×
Technology sector median 19.8×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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