Fortinet Inc. (FTNT)$133.93
Market Cap: 83.58 BCurrency: USD
Research Snapshot
Static fundamentals, valuation context, and investor signals for Fortinet Inc. (FTNT).
TECHNOLOGY
SOFTWARE - INFRASTRUCTURE
DCF ready
Valuation
36.4x
EV/FCF, 2.7% FCF yield
Quality
149.8%
ROIC, 32.7% FCF margin
Growth
21.3%
5Y sales (revenue) CAGR
Balance sheet
0.0x
Debt/equity, 1.2x current ratio
Superinvestors
1
Top: Terry Smith (3.9%)
Strengths to research
- Revenue compounded at 21.3% over five years.
- Free cash flow compounded at 18.4% over five years.
- Return on equity is strong at 149.8%.
- Free cash flow margin is healthy at 32.7%.
Watchouts
- P/E is elevated at 55.3x.
- P/FCF is elevated at 37.6x.
Annual data: 10 periods
Quarterly data: 24 periods
Stock snapshot: May 25, 2026
Static dataset: May 25, 2026
Quality Scorecard
Build-time composite score for FTNT.
Grade A
94
/ 100
Peer Comparison
Target stock against 8 market-cap comparable peers.
Heat map: red worst to green best
| FTNT Target | Fortinet Inc. | $83.6B | 55.3x | 36.4x | 149.8% | 21.3% | 32.7% | 80.5% | -1.1x | N/A |
| SNPS | Synopsys Inc. | $73.8B | 65.3x | 62.6x | 3.2% | 13.9% | 19.1% | 77.0% | 6.7x | N/A |
| CRWD | CrowdStrike Holdings Inc. | $109.9B | -1020.7x | 79.9x | -3.6% | N/A | N/A | N/A | N/A | N/A |
| GDDY | GoDaddy Inc. | $26.0B | 14.5x | 15.8x | 406.8% | 8.3% | 31.8% | N/A | -0.9x | N/A |
| CHKP | Check Point Software Technologies | $23.9B | 13.9x | 18.8x | 36.7% | 5.7% | 43.0% | N/A | -2.1x | N/A |
| CPAY | Corpay Inc. | $23.1B | 23.1x | 23.6x | 7.7% | 13.6% | 28.7% | N/A | 3.6x | N/A |
| TOST | Toast Inc. | $20.7B | 41.4x | 31.8x | 16.1% | 49.5% | 9.9% | 25.9% | -3.8x | N/A |
| KSPI | Jsc Kaspi.kz ADR | $17.2B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ORCL | Oracle Corp. | $418.6B | 44.3x | -1035.2x | 60.8% | 8.0% | -0.7% | N/A | -0.5x | N/A |
Financial Charts
No financial data available for FTNT (annual).
1 superinvestors own FTNT
Current quarter ownership and quarter-over-quarter share changes.
Superinvestor ownership
| Fund | Shares | Value | % Portfolio | QoQ Change |
|---|---|---|---|---|
| Terry Smith Fundsmith | 6,156,675 | $503M | 3.92% | 0.0% |