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Fortinet FTNT Quick ratio

Quick ratio at other companies

Microsoft logo
MicrosoftMSFT
1.3×-0.1×
Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
0.8×-0.1×
F5, Inc. logo
F5, Inc.FFIV
1.6×+0.1×
CrowdStrike Holdings, Inc. logo
CrowdStrike Holdings, Inc.CRWD
1.5×-0.3×
Zscaler logo
ZscalerZS
1.9×+0.6×
Akamai Technologies logo
Akamai TechnologiesAKAM
2.1×+0.9×

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$106.04B-18.3%
Enterprise value$104.38B-17.7%
P/E54.3×-14.8×
P/S14.9×-6.2×

Profitability

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

Returns & leverage

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

Where this comes from

Calculated from Fortinet’s reported figures.

Based on the most recent quarter.

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

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Questions, answered.

What is Fortinet's quick ratio?
Fortinet (FTNT) reported quick ratio of 1.1× in Q1 2026.
How has Fortinet's quick ratio changed year-over-year?
Fortinet's quick ratio decreased by 16.5% year-over-year, from 1.3× to 1.1×.
What is the long-term trend for Fortinet's quick ratio?
Over 4 years (2021 to 2025), Fortinet's quick ratio has grown at a -10.2% compound annual growth rate (CAGR), from 7× to 4.6×.
What does quick ratio mean?
Can the company cover short-term bills without having to sell inventory first?
How do you interpret quick ratio?
More conservative than the current ratio. A wide gap between the two flags heavy reliance on inventory to meet near-term obligations.
How does quick ratio compare across companies?
Most informative for inventory-heavy businesses; converges with the current ratio for firms that carry little inventory.