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Nasdaq · CIK 0001262039 · COMPUTER PERIPHERAL EQUIPMENT, NEC

FORTINET, INC.

FTNT chart by TradingView
P/E 53.6xP/B 73.3xP/SALES 15.1xEV/EBITDA 42.8xFCF YIELD 2.74%

PRICE HISTORY

LIVE · NASDAQ
FTNT chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$6.8B
EBITDA
$2.2B
FREE CASH FLOW
$2.2B
EPS
$2.42
GROSS MARGIN
80.46%
ROIC
-708.76%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

53.6x
-96%
LATEST · Q2 FY26
53.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
31.1x1464.4x

P / SALES (TTM)

15.1x
+178%
LATEST · Q2 FY26
15.1xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
4.2x18.0x

P / BOOK

73.3x
+818%
LATEST · Q2 FY26
73.3xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
6.4x4625.4x

EV / EBITDA (TTM)

42.8x
-13%
LATEST · Q2 FY26
42.8xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
24.9x81.6x

EV / REVENUE (TTM)

14.8x
+35%
LATEST · Q2 FY26
14.8xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
8.2x17.9x

FCF YIELD (TTM)

2.74%
-1.1pp
LATEST · Q2 FY26
2.74%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.00%6.23%

DIVIDEND YIELD (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$2.0B
+547%
LATEST · Q2 FY26
2.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$0.7B
+3852%
LATEST · Q2 FY26
0.7BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$0.6B
+9538%
LATEST · Q2 FY26
0.6BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$0.82
+11488%
LATEST · Q2 FY26
0.82Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

25.64%
+3.9pp
LATEST · Q2 FY26
25.64%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
7.21%34.42%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

47.15%
+25.0pp
LATEST · Q2 FY26
47.15%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
11.65%54.42%

RETURN ON CAPITAL

-239.11%
-695.5pp
LATEST · Q2 FY26
-239.11%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-708.76%456.41%

RETURN ON EQUITY (TTM)

136.72%
+136.2pp
LATEST · Q2 FY26
136.72%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.55%8478.95%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN80.24%
OPERATING MARGIN33.66%
NET MARGIN29.61%
FCF MARGIN47.15%
91.4864.6437.7910.94-15.91GROSSOPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$1.0B
+1275%
LATEST · Q2 FY26
1.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.1B
+155%
LATEST · Q2 FY26
0.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$0.1B
+1218%
LATEST · Q2 FY26
0.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.74B
-17%
LATEST · Q2 FY26
0.74BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$2.9B
+353%
LATEST · Q2 FY26
2.9BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

$0.5B
-50%
LATEST · Q2 FY26
0.5BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

0.2x
-88%
LATEST · Q2 FY26
0.2xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.2x1.6x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 71.09%INSIDERS 17.36%OTHER / RETAIL 11.55%2,158 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.8.45%62.0M$9.89B+1.2%
Vanguard Capital Management LLC5.42%39.8M$6.35BNEW
State Street Corporation3.94%28.9M$4.62B-0.7%
Invesco Ltd.3.48%25.5M$4.08B-7.3%
Vanguard Portfolio Management LLC3.41%25.0M$4.00BNEW
Geode Capital Management, LLC2.38%17.5M$2.79B+2.9%
First Trust Advisors LP1.57%11.5M$1.84B+45.5%
Arrowstreet Capital, Limited Partnership1.32%9.7M$1.54B+87.4%
Bank Of New York Mellon Corporation1.27%9.3M$1.49B-30.0%
Goldman Sachs Group Inc1.22%9.0M$1.43B+10.5%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.