Fortinet, Inc. (FTNT) vs Block, Inc. (XYZ)

Fortinet, Inc. and Block, Inc. are both Software Infrastructure companies. Fortinet, Inc. is the larger, with a market value of $130.0B against $46.1B — 2.8× the size. Fortinet, Inc. trades at the lower P/E: 60.7× against 132×. Fortinet, Inc. grew revenue faster over the last twelve months: 18.8% against 5.07%. Fortinet, Inc. has the higher net margin (28.2% vs 1.43%) and the lower return on invested capital (0.00% vs 3.43%). Across the 22 metrics below, Fortinet, Inc. leads on 13 and Block, Inc. on 9.

Valuation

Metric FTNT XYZ Software Infrastructure median
P/E 60.65 131.76 28.02
P/S 16.89 1.82 3.07
P/B 81.98 2.08 3.36
Price to free cash flow 40.80 11.77 17.12
EV/EBITDA 42.14 130.77 14.91
EV/Sales 16.49 1.86 3.03
Earnings yield 1.65% 0.76% 0.13%
Free cash flow yield 2.45% 8.49% 1.15%

Profitability

Metric FTNT XYZ Software Infrastructure median
Gross margin 80.20% 46.36% 61.23%
Operating margin 32.44% 4.67% 0.00%
Net margin 28.17% 1.43% 0.00%
Free cash flow margin 41.41% 15.50% 1.67%
Return on equity 117.44% 1.62% 0.59%
Return on assets 19.73% 0.94% 0.00%
Return on invested capital 0.00% 3.43% 0.00%

Growth

Metric FTNT XYZ Software Infrastructure median
Revenue growth (TTM) 18.77% 5.07% 13.41%
EPS growth (last fiscal year) 7.08% (53.95%) —
Revenue growth, 5-year CAGR 21.25% 20.56% 15.81%
Net income growth, 5-year CAGR 30.56% 43.70% 0.00%

Health

Metric FTNT XYZ Software Infrastructure median
Debt to equity 0.32 0.26 0.06
Current ratio 1.28 2.21 1.55
Net debt to EBITDA (1.02) 0.22 0.08

Dividend

Metric FTNT XYZ Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric FTNT XYZ Software Infrastructure median
Market cap 130.01b 46.11b 835.96m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack