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STOCKS

Fortinet (FTNT)

NASDAQ:FTNT

FTNT

Fortinet

RESEARCH TOOLSreports

Fortinet (FTNT) Ratios

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6,944 Followers

Fortinet Ratios

FTNT's free cash flow for Q3 2025 was $0.82. For the 2025 fiscal year, FTNT's free cash flow was decreased by $ and operating cash flow was $0.35. See a summary of the company’s cash flow.

Ratios	TTM	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	1.03	1.47	1.19	1.24	1.55
Quick Ratio	0.94	1.39	1.06	1.15	1.48
Cash Ratio	0.42	0.71	0.38	0.55	0.57
Solvency Ratio	0.23	0.23	0.16	0.15	0.13
Operating Cash Flow Ratio	0.51	0.56	0.52	0.56	0.65
Short-Term Operating Cash Flow Coverage	4.90	0.00	0.00	0.00	0.00
Net Current Asset Value	$ -3.71B	$ -2.30B	$ -3.29B	$ -2.70B	$ -1.52B
Leverage Ratios
Debt-to-Assets Ratio	0.11	0.10	0.15	0.16	0.17
Debt-to-Equity Ratio	1.35	0.67	-2.31	-3.52	1.26
Debt-to-Capital Ratio	0.58	0.40	1.76	1.40	0.56
Long-Term Debt-to-Capital Ratio	0.40	0.40	1.88	1.40	0.56
Financial Leverage Ratio	12.73	6.54	-15.66	-22.12	7.57
Debt Service Coverage Ratio	3.84	95.87	63.06	58.17	47.89
Interest Coverage Ratio	98.57	90.17	59.10	53.87	43.65
Debt to Market Cap	0.02	0.01	0.02	0.03	0.02
Interest Debt Per Share	1.33	1.33	1.40	1.27	1.23
Net Debt to EBITDA	-0.42	-0.85	-0.22	-0.64	-0.45
Profitability Margins
Gross Profit Margin	81.27%	80.56%	76.68%	75.44%	76.57%
EBIT Margin	34.63%	34.90%	25.54%	22.04%	19.25%
EBITDA Margin	36.30%	36.96%	27.67%	24.40%	21.77%
Operating Profit Margin	30.98%	30.28%	23.40%	21.95%	19.46%
Pretax Profit Margin	34.40%	34.07%	25.14%	21.63%	18.80%
Net Profit Margin	28.58%	29.30%	21.64%	19.41%	18.16%
Continuous Operations Profit Margin	28.58%	29.30%	21.64%	19.39%	18.15%
Net Income Per EBT	83.10%	86.01%	86.06%	89.72%	96.56%
EBT Per EBIT	111.04%	112.52%	107.46%	98.55%	96.62%
Return on Assets (ROA)	20.01%	17.88%	15.81%	13.77%	10.25%
Return on Equity (ROE)	119.87%	116.83%	-247.69%	-304.44%	77.63%
Return on Capital Employed (ROCE)	44.38%	31.63%	35.06%	30.78%	18.06%
Return on Invested Capital (ROIC)	33.25%	27.20%	30.99%	29.79%	17.66%
Return on Tangible Assets	20.83%	18.54%	16.17%	14.18%	10.59%
Earnings Yield	3.21%	2.42%	2.52%	2.22%	1.03%
Efficiency Ratios
Receivables Turnover	5.61	4.07	3.78	3.50	4.14
Payables Turnover	5.55	6.06	6.06	4.46	5.28
Inventory Turnover	2.88	3.67	2.55	4.10	4.45
Fixed Asset Turnover	4.08	4.41	4.73	4.92	4.86
Asset Turnover	0.70	0.61	0.73	0.71	0.56
Working Capital Turnover Ratio	7.73	4.55	7.36	4.39	3.05
Cash Conversion Cycle	126.08	128.97	179.22	111.38	100.98
Days of Sales Outstanding	65.06	89.68	96.47	104.25	88.21
Days of Inventory Outstanding	126.81	99.48	143.03	89.02	81.95
Days of Payables Outstanding	65.78	60.19	60.27	81.89	69.18
Operating Cycle	191.87	189.16	239.49	193.27	170.16
Cash Flow Ratios
Operating Cash Flow Per Share	3.21	2.95	2.49	2.19	1.84
Free Cash Flow Per Share	2.66	2.46	2.22	1.83	1.48
CapEx Per Share	0.55	0.50	0.26	0.36	0.36
Free Cash Flow to Operating Cash Flow	0.83	0.83	0.89	0.84	0.80
Dividend Paid and CapEx Coverage Ratio	5.83	5.96	9.48	6.15	5.07
Capital Expenditure Coverage Ratio	5.83	5.96	9.48	6.15	5.07
Operating Cash Flow Coverage Ratio	2.46	2.27	1.81	1.75	1.52
Operating Cash Flow to Sales Ratio	0.37	0.38	0.36	0.39	0.45
Free Cash Flow Yield	3.47%	2.60%	3.80%	3.75%	2.05%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	31.11	41.38	39.70	45.13	96.66
Price-to-Sales (P/S) Ratio	8.90	12.13	8.59	8.76	17.55
Price-to-Book (P/B) Ratio	79.30	48.35	-98.34	-137.40	75.03
Price-to-Free Cash Flow (P/FCF) Ratio	28.77	38.43	26.32	26.69	48.72
Price-to-Operating Cash Flow Ratio	23.81	31.98	23.55	22.36	39.11
Price-to-Earnings Growth (PEG) Ratio	-9.84	0.75	1.10	0.98	4.14
Price-to-Fair Value	79.30	48.35	-98.34	-137.40	75.03
Enterprise Value Multiple	24.11	31.95	30.82	35.26	80.15
Enterprise Value	57.39B	70.34B	45.24B	38.00B	58.32B
EV to EBITDA	24.12	31.95	30.82	35.26	80.15
EV to Sales	8.76	11.81	8.53	8.60	17.45
EV to Free Cash Flow	28.29	37.43	26.13	26.22	48.45
EV to Operating Cash Flow	23.44	31.15	23.38	21.96	38.89
Tangible Book Value Per Share	0.48	1.50	-0.80	-0.59	0.75
Shareholders’ Equity Per Share	0.96	1.95	-0.60	-0.36	0.96
Tax and Other Ratios
Effective Tax Rate	0.17	0.14	0.11	0.03	0.02
Revenue Per Share	8.59	7.79	6.81	5.58	4.10
Net Income Per Share	2.46	2.28	1.47	1.08	0.74
Tax Burden	0.83	0.86	0.86	0.90	0.97
Interest Burden	0.99	0.98	0.98	0.98	0.98
Research & Development to Revenue	0.12	0.12	0.12	0.12	0.13
SG&A to Revenue	0.04	0.04	0.04	0.04	0.04
Stock-Based Compensation to Revenue	0.02	0.04	0.05	0.05	0.06
Income Quality	1.31	1.29	1.69	2.02	2.47

Currency in USD