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FTNT Fortinet, Inc.

Trailing twelve months to 2026-06-30 · as filed 2026-07-30, not restated
Technology

Scale

Market cap
$122.0bn
Revenue TTM
$7.5bn
Net income TTM
$2.1bn
Free cash flow
$3.1bn
Composite score
52.0
Sector rank
#100

Valuation

P / E
57.6
EV / EBITDA
46.0
EV / sales
15.9
FCF yield
2.55%
Earnings yield vs 10-yr
-2.99pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
28.2%
EBITDA margin
34.6%
ROE
136.7%
ROIC
Revenue growth
18.8%

Insider activity, last 90 days

Net open-market
$-50.80m
Buyers
0
Sellers
3

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Financial Highlights • Total revenue was $2.05 billion and $3.90 billion during the three and six months ended June 30, 2026, an increase of 26% and 23%, respectively, compared to $1.63 billion and $3.17 billion in the same periods last year. Product revenue was $773.0 million and $1.42 billion during the three and six months ended June 30, 2026, an increase of 52% and 46%, respectively, compared to $508.9 million and $968.0 million in the same periods last year. …Fortinet, Inc., 10-Q, period ended 2026-06-30, filed 2026-07-30

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