Skip to content
OpenCapital
Get started

Fortinet FTNT Enterprise value

Enterprise value at other companies

Microsoft logo
MicrosoftMSFT
$2.84T-0.9%
Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
$387.33B+57.1%
F5, Inc. logo
F5, Inc.FFIV
$15.17B+5.6%
CrowdStrike Holdings, Inc. logo
CrowdStrike Holdings, Inc.CRWD
$109.15B+10.5%
Zscaler logo
ZscalerZS
$21.76B-31.5%
Akamai Technologies logo
Akamai TechnologiesAKAM
$17.77B+47.2%

Other financials

Income statement

See full
Revenue$1.8B+20.1%
Gross profit$1.5B+19.1%
Operating income$580.0M+27.8%
Net income$534.5M+23.3%
EPS (diluted)$0.72+28.6%

Balance sheet

See full
Cash & equivalents$2.2B-38.2%
Total debt$567.2M-47.3%
Total equity$989.7M-49.6%
Total assets$9.9B-5.0%

Cash flow

See full
Operating cash flow$1.1B+24.8%
CapEx$70.6M+6.2%
Free cash flow$1.0B+26.3%

Valuation

See full
Market cap$105.6B-18.3%
P/E54×-14.8×
P/S14.9×-6.2×

Profitability

See full
Gross margin80.3%-1.0pp
Operating margin31.1%-0.4pp
Net margin27.5%-3.1pp

Returns & leverage

See full
Return on equity132.4%—
Debt / equity0.6×0.0×
Current ratio1.2×-0.2×

Where this comes from

Calculated from Fortinet’s reported figures.

$60.5Bmarket cap+$567.2Mtotal debt−$2.2Bcash and equivalents=$58.81B

The official record: Fortinet’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

Ask your AI about Fortinet's enterprise value.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Fortinet's enterprise value?
Fortinet (FTNT) reported enterprise value of $58.81B in Q1 2026.
How has Fortinet's enterprise value changed year-over-year?
Fortinet's enterprise value decreased by 17.7% year-over-year, from $71.5B to $58.81B.
What is the long-term trend for Fortinet's enterprise value?
Over 4 years (2021 to 2025), Fortinet's enterprise value has grown at a 12.0% compound annual growth rate (CAGR), from $171.74B to $270.29B.
What does enterprise value mean?
What it would cost to buy the entire business, debt included and cash netted out.
How do you interpret enterprise value?
The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.
How does enterprise value compare across companies?
Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.