SuperworthFortinet, Inc. FTNT
Software - Infrastructure, Technology
$189.28
−1.04%
- Market cap
- $138.9B
- PE
- 66.6×
- 10y median 56.6×
- Forward PE
- Price to sales
- 18.4×
- EV/EBIT
- 55.4×
- Revenue, 12 months
- $7.5B
- +19% on a year ago
- Net margin
- 28.2%
- Free cash flow yield
- 2.2%
Fortinet trades at 66.6× trailing earnings, pricier than 65% of the last ten years. Revenue was $7.5B over the last twelve months, up 19% on a year earlier with a 28% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.4B | $1.4B | $1.4B | $1.5B | $1.7B+17% | $1.5B+14% | $1.6B+14% | $1.7B+14% | $1.9B+15% | $1.8B+20% | $2B+26% | |
| Cost of revenue | $315.9M | $304.7M | $275M | $263.4M | $314.5M−0% | $293.1M−4% | $314.9M+15% | $331.7M+26% | $389.2M+24% | $364.5M+24% | $404.7M+29% |
| Gross profit | $1.1B | $1B | $1.2B | $1.2B | $1.3B+22% | $1.2B+19% | $1.3B+13% | $1.4B+12% | $1.5B+13% | $1.5B+19% | $1.6B+25% |
| R&D | $152.5M | $173M | $165.4M | $187.3M | $191.1M+25% | $198.6M+15% | $209.5M+27% | $202.4M+8% | $205M+7% | $214M+8% | $225M+7% |
| SG&A | $562.5M | $555.5M | $557.9M | $587.6M | $581.6M+3% | $600.5M+8% | $648.9M+16% | $644.9M+10% | $686.6M+18% | $692.5M+15% | $730.2M+13% |
| $385.4M | $321.2M | $437.2M | $470.9M | $574.1M+49% | $453.8M+41% | $458M+5% | $547.3M+16% | $625.6M+9% | $580M+28% | $689.3M+51% | |
| Interest expense | $5.4M | $5.1M | $5M | $5M | $4.9M−9% | $4.9M−4% | $4.6M−8% | $6.2M+24% | $4.4M−10% | $4.2M−14% | $3.2M−30% |
| Pre-tax income | $415.6M | $345.4M | $468.3M | $626.4M | $618.4M+49% | $519.3M+50% | $517.3M+11% | $594.8M−5% | $650.8M+5% | $656.6M+26% | $720.2M+39% |
| $95.2M | $39.5M | $76.5M | $81.2M | $86.7M−9% | $96.5M+144% | $77.1M+1% | $120.7M+49% | $144.8M+67% | $122M+26% | $115M+49% | |
| Net income | $310.9M | $299.3M | $379.8M | $539.9M | $526.2M+69% | $433.4M+45% | $440.1M+16% | $473.9M−12% | $506M−4% | $534.5M+23% | $606.3M+38% |
| $0.40 | $0.39 | $0.49 | $0.70 | $0.68+70% | $0.56+44% | $0.57+16% | $0.62−11% | $0.68+0% | $0.72+29% | $0.82+44% | |
| 772.3M | 770.5M | 769.9M | 771.9M | 775.2M+0% | 776.8M+1% | 772.7M+0% | 761.2M−1% | 748M−4% | 742.8M−4% | 739.9M−4% |
From each company's 10-Q and 10-K filings. Fiscal years are four fiscal quarters added up; balance sheet lines are as of the period's end. Growth is on the same period a year earlier.
Estimates
Next earnings report: .
Analyst consensus for the next eight quarters, with the range from the lowest to the highest estimate, is part of Superworth Pro.
Peers
Companies in Software - Infrastructure within ten times Fortinet's size, closest in size first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| FTNTFortinet, Inc. | $138.9B | 66.6× | 56.6× | 18.4× | +19% | 28.2% | |
| SNPSSynopsys, Inc. | $96.3B | 88.8× | 54.0× | 10.2× | +46% | 11.4% | |
| PANWPalo Alto Networks, Inc. | $331.8B | 332× | 116× | 28.9× | +24% | 2.7% | |
| XYZBlock, Inc. | $45.7B | 136× | 57.2× | 1.8× | +5% | 1.4% | |
| ORCLOracle Corporation | $434.1B | 22.5× | 27.5× | 6.0× | +22% | 26.4% | |
| TWLOTwilio Inc. | $41.9B | 38.0× | 327× | 7.5× | +18% | 20.6% | |
| PLTRPalantir Technologies Inc. | $466.5B | 166× | 372× | 75.8× | +79% | 49.0% | |
| OKTAOkta, Inc. | $38.1B | 131× | 104× | 12.4× | +11% | 9.6% | |
| VRSNVeriSign, Inc. | $26.6B | 31.9× | 30.7× | 15.6× | +7% | 49.8% | |
| FFIVF5, Inc. | $26.4B | 37.2× | 25.7× | 8.0× | +9% | 22.0% | |
| CPAYCorpay, Inc. | $26.4B | 24.5× | 24.6× | 5.3× | +20% | 22.7% | |
| Peer median | $43.8B | 63.4× | 55.6× | 9.1× | +19% | 21.3% |
About
- Industry
- Software - Infrastructure
- Sector
- Technology
Valuation data, not investment advice. Prices as of .