Fortinet, Inc. (FTNT) vs Zscaler, Inc. (ZS)
- Fortinet, Inc. FTNT 185.20 +1.02%
- Zscaler, Inc. ZS 260.59 +0.05%
Fortinet, Inc. and Zscaler, Inc. are both Software Infrastructure companies. Fortinet, Inc. is the larger, with a market value of $135.7B against $42.4B — 3.2× the size. Zscaler, Inc. has negative trailing earnings, so its P/E is not meaningful; Fortinet, Inc. trades at 64.8×. Zscaler, Inc. grew revenue faster over the last twelve months: 25.4% against 18.8%. Fortinet, Inc. has the higher net margin (28.2% vs −1.88%) and the higher return on invested capital (0.00% vs −10.2%). Across the 21 metrics below, Fortinet, Inc. leads on 14 and Zscaler, Inc. on 7.
Valuation
Profitability
| Metric | FTNT | ZS | Software Infrastructure median |
|---|---|---|---|
| Gross margin | 80.20% | 76.80% | 59.48% |
| Operating margin | 32.44% | (3.98%) | 0.00% |
| Net margin | 28.17% | (1.88%) | 0.00% |
| Free cash flow margin | 41.41% | 23.24% | 0.79% |
| Return on equity | 117.44% | (2.87%) | 0.29% |
| Return on assets | 19.73% | (0.88%) | 0.00% |
| Return on invested capital | 0.00% | (10.15%) | 0.00% |
Growth
Health
Dividend
Size
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