CoreWeave Inc. (CRWV) vs Fortinet, Inc. (FTNT)
CoreWeave Inc. and Fortinet, Inc. are both Software Infrastructure companies. Fortinet, Inc. is the larger, with a market value of $130.0B against $50.5B — 2.6× the size. CoreWeave Inc. has negative trailing earnings, so its P/E is not meaningful; Fortinet, Inc. trades at 60.7×. CoreWeave Inc. grew revenue faster over the last twelve months: 115.3% against 18.8%. Fortinet, Inc. has the higher net margin (28.2% vs −25.4%) and the higher return on invested capital (0.00% vs −0.43%). Across the 18 metrics below, Fortinet, Inc. leads on 12 and CoreWeave Inc. on 6.
Valuation
Profitability
| Metric | CRWV | FTNT | Software Infrastructure median |
|---|---|---|---|
| Gross margin | 67.42% | 80.20% | 61.23% |
| Operating margin | (3.04%) | 32.44% | 0.00% |
| Net margin | (25.42%) | 28.17% | 0.00% |
| Free cash flow margin | (179.91%) | 41.41% | 1.67% |
| Return on equity | (50.22%) | 117.44% | 0.59% |
| Return on assets | (3.73%) | 19.73% | 0.00% |
| Return on invested capital | (0.43%) | 0.00% | 0.00% |
Growth
Health
Dividend
Size
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