Fortinet FTNT Net debt / EBITDA

Net debt / EBITDA at other companies

MicrosoftMSFT

0.5×0.0×

Cisco Systems, Inc.CSCO

1.5×0.0×

F5, Inc.FFIV

-1.3×+0.1×

Netscout SystemsNTCT

-3.3×—

Extreme NetworksEXTR

0.4×—

NetgearNTGR

-7.8×—

FAQ

What is Fortinet's net debt / EBITDA?

Fortinet (FTNT) reported net debt / EBITDA of -0.7× in Q1 2026.

How has Fortinet's net debt / EBITDA changed year-over-year?

Fortinet's net debt / EBITDA increased by 42.6% year-over-year, from -1.2× to -0.7×.

What is the long-term trend for Fortinet's net debt / EBITDA?

Over 5 years (2020 to 2025), Fortinet's net debt / EBITDA has grown at a -17.5% compound annual growth rate (CAGR), from -1.7× to -0.6×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.