Fortinet (FTNT)
NasdaqMarket Closed
Fortinet, Inc. is a global cybersecurity company best known for its network security hardware, software, and subscription services. The company provides protection for enterprises, service providers, government agencies, and small and medium-sized businesses as they manage increasingly distributed IT environments. Its technology portfolio covers secure networking, firewall protection, cloud security, endpoint protection, zero-trust access, and security operations.
Fortinet’s flagship FortiGate firewalls and FortiOS operating system sit at the center of its Security Fabric platform, which is designed to connect multiple security tools into a unified architecture. This platform approach helps customers secure data centers, branch offices, cloud workloads, remote workers, and operational technology environments. The company also offers products for secure SD-WAN, intrusion prevention, email security, identity access, endpoint detection, and security information management.
A significant portion of Fortinet’s business comes from recurring subscriptions and support services, which are sold alongside appliances and software licenses. These services include threat intelligence, security updates, technical support, and advanced protection features. The mix of product sales and recurring security services gives Fortinet exposure to both infrastructure spending and long-term cybersecurity demand.
Headquartered in California, Fortinet serves a large global customer base and competes with other major cybersecurity vendors across network security, cloud security, and managed security markets. Its differentiation rests on high-performance security appliances, broad product integration, and a platform designed to reduce complexity for customers. Demand for Fortinet’s products is shaped by cyber threats, digital transformation, hybrid work, cloud adoption, and the need for enterprises to protect increasingly complex networks.
Last updated
- Market Cap
- $121,796,466,398
- P/E
- 57.43
- P/FCF
- 39.07
- P/S
- 16.18
- Enterprise Value
- $119,358,466,398
- Sector
- Information Technology
- Industry
- Systems Software
- Address
- 909 KIFER ROAD, SUNNYVALE, CA, 94086
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- $121,796,466,398
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- $119,358,466,398
- P/E
P/E ratio compares a company's share price to its earnings per share.
- 57.43
- P/B
P/B ratio compares a company's share price to its book value per share.
- 78.52
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 16.18
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 40.81
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 15.86
- EPS
- 2.89
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 39.07
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 35.86
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- $3,117,000,000
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 136.72%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- 19.53%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0.32
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 1.28
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 1.19
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.61
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- $5,067,178
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 166
Income Statement
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Revenue | 2.05B | 1.85B | 1.91B | 1.72B | 1.63B |
| Cost of revenue | 404.7M | 364.5M | 389.2M | 331.7M | 314.9M |
| Gross profit | 1.64B | 1.49B | 1.52B | 1.39B | 1.32B |
| Operating income | 688M | 578.6M | 615.2M | 547.3M | 456.7M |
| EBITDA | 635.2M | 712.6M | 745M | 831.7M | 417M |
| Net income | 606.3M | 534.5M | 506M | 473.9M | 440.1M |
| Income taxes | 115M | 122M | 144.8M | 120.7M | 77.1M |
| Interest expense | -3.2M | -4.2M | -4.4M | -6.2M | -4.6M |
| Other operating expenses | 0 | 0 | 9M | -1.4M | 0 |
| Total operating expenses | 955.2M | 906.5M | 900.6M | 845.9M | 858.4M |
| Basic EPS | 0.83 | 0.72 | 0.68 | 0.63 | 0.57 |
| Diluted EPS | 0.82 | 0.72 | 0.68 | 0.62 | 0.57 |
Balance Sheet
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Total assets | 10.86B | 9.88B | 10.39B | 9.36B | 10.64B |
| Total liabilities | 9.31B | 8.89B | 9.15B | 8.63B | 8.58B |
| Total equity | 1.55B | 989.7M | 1.24B | 735.1M | 2.06B |
| Cash & equivalents | 2.93B | 2.22B | 2.5B | 2B | 3.37B |
| Current assets | 6.21B | 5.33B | 5.9B | 4.91B | 6.35B |
| Current liabilities | 4.84B | 4.62B | 5.03B | 4.79B | 4.78B |
| Accounts payable | 282.5M | 238.7M | 230.8M | 221.3M | 245.2M |
| Receivables | 1.46B | 1.49B | 1.69B | 1.17B | 1.22B |
| Inventories | 426.3M | 369.6M | 399.5M | 426.6M | 405.2M |
| Goodwill | 257.4M | 257.4M | 257.4M | 258.3M | 258.9M |
| Long-term debt | 496.9M | 496.8M | 496.6M | 496.5M | 496.3M |
Cash Flow
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Operating cash flow | 1.04B | 1.08B | 620.2M | 655.2M | 451.9M |
| Investing cash flow | -184.6M | -5.7M | -46.3M | -175.8M | -266.2M |
| Financing cash flow | -147.9M | -1.34B | -72.7M | -1.85B | -414.2M |
| Change in cash | 711.1M | -271.5M | 499.6M | -1.37B | -228.1M |
| Net income | 606.3M | 534.5M | 506M | 473.9M | 440.1M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| form 4 | Form 4 — GOLDMAN KENNETH A | View Filing | |
| form 4 | Form 4 — Hsieh Ming | View Filing | |
| form 4 | Form 4 — Hu Jean X. | View Filing | |
| form 4 | Form 4 — Sim Judith | View Filing | |
| form 4 | Form 4 — STAVRIDIS JAMES G. | View Filing | |
| form 4 | Form 4 — Napolitano Janet | View Filing | |
| form 4 | Form 4 — Kan Derek T. | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| edgar index | 144 — Fortinet, Inc. | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing | |
| form 4 | Form 4 — Ohlgart Christiane | View Filing | |
| edgar index | 144 — Fortinet, Inc. | View Filing | |
| edgar index | 144 — Fortinet, Inc. | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Michael | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Xie Ken | View Filing | |
| form 4 | Form 4 — Whittle John | View Filing | |
| form 4 | Form 4 — Whittle John | View Filing | |
| form 4 | Form 4 — Whittle John | View Filing | |
| form 4 | Form 4 — Whittle John | View Filing | |
| form 4 | Form 4 — Whittle John | View Filing | |
| form 4 | Form 4 — Whittle John | View Filing | |
| form 4 | Form 4 — Whittle John | View Filing | |
| form 4 | Form 4 — Ohlgart Christiane | View Filing | |
| form 4 | Form 4 — Ohlgart Christiane | View Filing | |
| form 4 | Form 4 — Ohlgart Christiane | View Filing | |
| form 4 | Form 4 — Ohlgart Christiane | View Filing | |
| form 4 | Form 4 — Ohlgart Christiane | View Filing | |
| form 4 | Form 4 — Ohlgart Christiane | View Filing | |
| form 4 | Form 4 — Ohlgart Christiane | View Filing | |
| edgar index | 10-Q — Fortinet, Inc. | View Filing | |
| edgar index | 8-K — Fortinet, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3 — Fortinet, Inc. | View Filing | |
| edgar index | 8-K — Fortinet, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Fortinet, Inc. | View Filing |