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Saturday 17 October 2026 Export FTNT’s income statement to Excel — free account

Fortinet, Inc.

FTNT Technology Software Infrastructure

Fortinet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.8 billion, up 14.2% from fiscal 2024. In the quarter to June 2026, revenue grew 25.6%, EPS grew 45.6%, free cash flow grew 239.9% and total debt fell 50.1%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for ten.

169.13 12.78 −7.03%
Market cap
$133.5B
P/E
59.1×
Fwd P/E
52.1×
Dividend yield
—
F-score
5/9
Altman Z
5.29
Beneish M
−2.64
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Fortinet, Inc. (FTNT) P/S ratio

Alert me on P/S ratio

As of 16 October 2026, Fortinet, Inc. (FTNT) trades at a P/S ratio of 16.5×. Over the past ten years it has ranged from 4.0× (February 2016) to 19.2× (December 2021); the current reading is higher than 96% of that period. That is above the Software Infrastructure industry median of 3.0× and above the Technology sector median of 2.7×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 8.9× (27.00%)
FY2024 12.1× 42.99%
FY2023 8.5× (2.44%)
FY2022 8.7× (50.47%)
FY2021 17.6× 86.68%
FY2020 9.4× 11.40%
FY2019 8.4× 27.84%
FY2018 6.6× 27.66%
FY2017 5.2× 26.95%
FY2016 4.1× (22.54%)

Quarterly newest first

Period P/S ratio Change
Jun 2026 15.0× 76.18%
Mar 2026 8.5× (4.07%)
Dec 2025 8.9× (8.65%)
Sep 2025 9.7× (24.10%)
42 more quarters

Against its own ten years

Low 4.0× High 19.2×
Ten-year median 8.8×
Current reading's percentile 96

P/S ratio against peers

Company P/S ratio
XYZ Block, Inc. compare 1.9×
ORCL Oracle Corporation compare 5.3×
NTAP NetApp, Inc. compare 5.4×
SNPS Synopsys, Inc. compare 9.2×
FTNT Fortinet, Inc. 16.5×
PANW Palo Alto Networks, Inc. compare 22.3×
NBIS Nebius Group N.V. compare 34.2×
NET Cloudflare, Inc. compare 41.6×
CRWD CrowdStrike compare 43.0×
Software Infrastructure industry median 3.0×
Technology sector median 2.7×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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