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Total Valuation
Fortinet has a market cap or net worth of $110.89B. The enterprise value is $103.88B.
Market Cap$110.89B
Enterprise Value$103.88B
Share Statistics
Fortinet has 732,648,400 shares outstanding. The number of shares has decreased by -2.65% in one year.
Shares Outstanding732,648,400
Owned by Insiders16.93%
Owned by Institutions9.66%
Financial Efficiency
Fortinet’s return on equity (ROE) is 1.50 and return on invested capital (ROIC) is 28.75%.
Return on Equity (ROE)1.50
Return on Assets (ROA)0.18
Return on Invested Capital (ROIC)28.75%
Return on Capital Employed (ROCE)0.39
Revenue Per Employee467.13K
Profits Per Employee127.33K
Employee Count14,556
Asset Turnover0.65
Inventory Turnover3.26
Valuation Ratios
The current PE Ratio of Fortinet is 58.2. Fortinet’s PEG ratio is 4.64.
PE Ratio58.2
PS Ratio8.68
PB Ratio47.68
Price to Fair Value47.68
Price to FCF26.51
Price to Operating Cash Flow39.87
PEG Ratio4.64
Income Statement
In the last 12 months, Fortinet had revenue of 6.80B and earned 1.85B in profits. Earnings per share was 2.44.
Revenue6.80B
Gross Profit5.50B
Operating Income2.08B
Pretax Income2.29B
Net Income1.85B
EBITDA2.46B
Earnings Per Share (EPS)2.44
Cash Flow
In the last 12 months, operating cash flow was 2.80B and capital expenditures -368.90M, giving a free cash flow of 2.44B billion.
Operating Cash Flow2.80B
Free Cash Flow2.44B
Free Cash Flow per Share3.32
Dividends & Yields
Fortinet pays an annual dividend of ―, resulting in a dividend yield of ―
Dividend Per Share―
Dividend Yield―
Payout RatioN/A
Free Cash Flow Yield―
Earnings Yield―
Stock Price Statistics
Beta1.19
52-Week Price Change43.16%
50-Day Moving Average120.96
200-Day Moving Average91.63
Relative Strength Index (RSI)67.60
Average Volume (3m)7.16M
Important Dates
Fortinet upcoming earnings date is Jul 30, 2026, TBA (Confirmed).
Last Earnings DateMay 6, 2026
Next Earnings DateJul 30, 2026
Ex-Dividend Date―
Financial Position
Fortinet as a current ratio of 1.17, with Debt / Equity ratio of 50.20%
Current Ratio1.17
Quick Ratio1.09
Debt to Market Cap0.02
Net Debt to EBITDA-0.61
Interest Coverage Ratio103.58
Taxes
In the past 12 months, Fortinet has paid 439.10M in taxes.
Income Tax439.10M
Effective Tax Rate0.19
Enterprise Valuation
Fortinet EV to EBITDA ratio is 23.33, with an EV/FCF ratio of 25.84.
EV to Sales8.46
EV to EBITDA23.33
EV to Free Cash Flow25.84
EV to Operating Cash Flow22.20
Balance Sheet
Fortinet has $3.29B in cash and marketable securities with $496.80M in debt, giving a net cash position of $2.80B billion.
Cash & Marketable Securities$3.29B
Total Debt$496.80M
Net Cash$2.80B
Net Cash Per Share$3.82
Tangible Book Value Per Share$1.19
Margins
Gross margin is 80.67%, with operating margin of 30.62%, and net profit margin of 27.26%.
Gross Margin80.67%
Operating Margin30.62%
Pretax Margin33.72%
Net Profit Margin27.26%
EBITDA Margin36.25%
EBIT Margin34.01%
Analyst Forecast
The average price target for Fortinet is $113.07, which is 11.43% higher than the current price. The consensus rating is Hold
Price Target$113.07
Price Target Upside38.16% Upside
Analyst ConsensusHold
Analyst Count33
Revenue Growth Forecast15.75%
EPS Growth Forecast6.24%