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STOCKS

Fortinet (FTNT)

NASDAQ:FTNT

FTNT

Fortinet

RESEARCH TOOLSreports

Fortinet (FTNT) Ratios

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7,017 Followers

Fortinet Ratios

FTNT's free cash flow for Q4 2025 was $0.80. For the 2025 fiscal year, FTNT's free cash flow was decreased by $ and operating cash flow was $0.34. See a summary of the company’s cash flow.

Ratios	TTM	Dec 25	Dec 24	Dec 23	Dec 22
Liquidity Ratios
Current Ratio	1.17	1.17	1.47	1.19	1.24
Quick Ratio	1.09	1.09	1.39	1.06	1.15
Cash Ratio	0.50	0.50	0.71	0.38	0.55
Solvency Ratio	0.22	0.22	0.23	0.16	0.15
Operating Cash Flow Ratio	0.51	0.51	0.56	0.52	0.56
Short-Term Operating Cash Flow Coverage	5.18	5.18	0.00	0.00	0.00
Net Current Asset Value	$ -3.25B	$ -3.25B	$ -2.30B	$ -3.29B	$ -2.70B
Leverage Ratios
Debt-to-Assets Ratio	0.10	0.10	0.10	0.14	0.16
Debt-to-Equity Ratio	0.81	0.81	0.67	-2.14	-3.52
Debt-to-Capital Ratio	0.45	0.45	0.40	1.88	1.40
Long-Term Debt-to-Capital Ratio	0.29	0.29	0.40	1.88	1.40
Financial Leverage Ratio	8.40	8.40	6.54	-15.66	-22.12
Debt Service Coverage Ratio	3.88	3.90	95.87	63.06	58.17
Interest Coverage Ratio	103.58	103.58	90.17	59.10	53.87
Debt to Market Cap	0.02	0.02	0.01	0.02	0.03
Interest Debt Per Share	1.37	1.37	1.33	1.30	1.27
Net Debt to EBITDA	-0.61	-0.61	-0.85	-0.28	-0.64
Profitability Margins
Gross Profit Margin	80.84%	80.84%	80.56%	76.68%	75.44%
EBIT Margin	33.86%	34.01%	34.90%	25.54%	22.04%
EBITDA Margin	36.09%	36.25%	36.96%	27.67%	24.40%
Operating Profit Margin	30.62%	30.62%	30.28%	23.40%	21.95%
Pretax Profit Margin	33.72%	33.72%	34.07%	24.35%	20.09%
Net Profit Margin	27.26%	27.26%	29.30%	21.64%	19.41%
Continuous Operations Profit Margin	27.26%	27.26%	29.30%	21.64%	19.39%
Net Income Per EBT	80.85%	80.85%	86.01%	88.87%	96.61%
EBT Per EBIT	110.11%	110.11%	112.52%	104.07%	91.52%
Return on Assets (ROA)	17.84%	17.84%	17.88%	15.81%	13.77%
Return on Equity (ROE)	123.64%	149.77%	116.83%	-247.69%	-304.44%
Return on Capital Employed (ROCE)	38.88%	38.88%	31.63%	35.06%	30.78%
Return on Invested Capital (ROIC)	28.75%	28.75%	27.20%	31.16%	29.72%
Return on Tangible Assets	18.47%	18.47%	18.54%	16.17%	14.18%
Earnings Yield	2.99%	3.14%	2.42%	2.52%	2.22%
Efficiency Ratios
Receivables Turnover	4.02	4.02	4.07	3.78	3.50
Payables Turnover	5.64	5.64	6.06	6.06	4.46
Inventory Turnover	3.26	3.26	3.67	2.55	4.10
Fixed Asset Turnover	4.20	4.20	4.41	5.08	4.92
Asset Turnover	0.65	0.65	0.61	0.73	0.71
Working Capital Turnover Ratio	13.69	4.90	4.55	7.36	4.39
Cash Conversion Cycle	138.05	138.05	128.97	179.22	111.38
Days of Sales Outstanding	90.78	90.78	89.68	96.47	104.25
Days of Inventory Outstanding	111.94	111.94	99.48	143.03	89.02
Days of Payables Outstanding	64.67	64.67	60.19	60.27	81.89
Operating Cycle	202.73	202.73	189.16	239.49	193.27
Cash Flow Ratios
Operating Cash Flow Per Share	3.49	3.49	2.95	2.49	2.19
Free Cash Flow Per Share	3.00	3.00	2.46	2.22	1.83
CapEx Per Share	0.49	0.49	0.50	0.26	0.36
Free Cash Flow to Operating Cash Flow	0.86	0.86	0.83	0.89	0.84
Dividend Paid and CapEx Coverage Ratio	7.10	7.10	5.96	9.48	6.15
Capital Expenditure Coverage Ratio	7.10	7.10	5.96	9.48	6.15
Operating Cash Flow Coverage Ratio	2.60	2.60	2.27	1.95	1.75
Operating Cash Flow to Sales Ratio	0.38	0.38	0.38	0.36	0.39
Free Cash Flow Yield	3.59%	3.77%	2.60%	3.80%	3.75%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	33.47	31.84	41.38	39.70	45.13
Price-to-Sales (P/S) Ratio	9.13	8.68	12.13	8.59	8.76
Price-to-Book (P/B) Ratio	50.13	47.68	48.35	-98.34	-137.40
Price-to-Free Cash Flow (P/FCF) Ratio	27.89	26.51	38.43	26.32	26.69
Price-to-Operating Cash Flow Ratio	23.95	22.78	31.98	23.55	22.36
Price-to-Earnings Growth (PEG) Ratio	-82.00	4.54	0.75	1.10	0.98
Price-to-Fair Value	50.13	47.68	48.35	-98.34	-137.40
Enterprise Value Multiple	24.69	23.33	31.95	30.76	35.26
Enterprise Value	60.58B	57.51B	70.34B	45.17B	38.00B
EV to EBITDA	24.69	23.33	31.95	30.76	35.26
EV to Sales	8.91	8.46	11.81	8.51	8.60
EV to Free Cash Flow	27.22	25.84	37.43	26.09	26.22
EV to Operating Cash Flow	23.38	22.20	31.15	23.34	21.96
Tangible Book Value Per Share	1.19	1.19	1.50	-0.80	-0.59
Shareholders’ Equity Per Share	1.67	1.67	1.95	-0.60	-0.36
Tax and Other Ratios
Effective Tax Rate	0.19	0.19	0.14	0.11	0.03
Revenue Per Share	9.15	9.15	7.79	6.81	5.58
Net Income Per Share	2.49	2.49	2.28	1.47	1.08
Tax Burden	0.81	0.81	0.86	0.89	0.97
Interest Burden	1.00	0.99	0.98	0.95	0.91
Research & Development to Revenue	0.12	0.12	0.12	0.12	0.12
SG&A to Revenue	0.03	0.03	0.04	0.04	0.04
Stock-Based Compensation to Revenue	0.04	0.04	0.04	0.05	0.05
Income Quality	1.40	1.40	1.29	1.69	2.02

Currency in USD