Technology
Live Price
Offline$151.35
+0.95% today
1Y Change
+43.16%
Window
Jun 30, 2025 → Jun 26, 2026
Coverage: 249 bars · Jun 30, 2025 → Jun 26, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Fortinet, Inc. (FTNT) is a Technology stock with a market cap of $66.56B and listed on NASDAQ. The stock last traded around $151.35 and up 43.2% across the available one-year price window (Jun 30, 2025 → Jun 26, 2026). Baseline metrics include revenue growth of +14.2%, EPS growth of +7.0%, a dividend yield of 0.0%. What stands out right now is revenue +14.2%, EPS +7.0%, free cash flow +18.4% with operating margin 31.1% and ROIC 33.9%. Valuation already assumes a fairly strong business story at P/E 34.0 and price/sales 9.4. Overall, the current profile looks closer to a quality compounder than a generic broad-market placeholder. Stock Foundry combines FTNT price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Technology peers on this page.
Benchmark Edge
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
Relative Read
FTNT is 25.17 pts ahead over the shared 1Y window.
FTNT had 21.76 pts deeper max drawdown than SPY.
FTNT beat SPY in 1 of 2 calendar years shown and trailed in 1.
FTNT
+43.16%
Normalized return
SPY
+17.99%
S&P 500
Excess Return
+25.17 pts
Relative to SPY
FTNT Max Drawdown
-30.90%
Trailing 1Y
SPY Max Drawdown
-9.13%
Trailing 1Y
Uses the longest available daily history for FTNT and SPY.
| Year | FTNT | SPY | Excess | Leader |
|---|---|---|---|---|
| 2026 | +94.34% | +6.71% | +87.63 pts | FTNT |
| 2025 | -24.04% | +11.19% | -35.23 pts | SPY |
Financial profile
Profitability, balance sheet stamina, and cash efficiency drawn from the latest filings.
FY Revenue
$3.3B
-24.3% YoY
FY Net Income
$606.8M
-29.2% YoY
Free Cash Flow
$1.2B
-16.9% YoY
Revenue Growth
+14.2%
EPS Growth
+7.0%
Gross Margin
80.7%
Net Margin
27.5%
Income statement
USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 6.8B | 6.0B | 5.3B | 4.4B | 3.3B |
| Gross Profit | 5.5B | 4.8B | 4.1B | 3.3B | 2.6B |
| Operating Income | 2.1B | 1.8B | 1.2B | 970M | 650M |
| EBITDA | 2.5B | 2.2B | 1.5B | 1.1B | 728M |
| Net Income | 1.9B | 1.7B | 1.1B | 857M | 607M |
| EPS (Diluted) | — | — | — | — | — |
Balance sheet
USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | 2.5B | 2.9B | 1.4B | 1.7B | 1.3B |
| Total Assets | 10.4B | 9.8B | 7.3B | 6.2B | 5.9B |
| Total Liabilities | 9.2B | 8.3B | 7.7B | 6.5B | 5.1B |
| Shareholder Equity | 1.2B | 1.5B | -463M | -282M | 782M |
| Total Debt | 996M | 994M | 992M | 990M | 988M |
| Net Debt | -1.5B | -1.9B | -406M | -693M | -331M |
Cash flow positioning
Latest Full Year
Operating Cash Flow
1.5B
-13.3% YoY
Capital Expenditures
296M
-5.2% YoY
Free Cash Flow
1.2B
-16.9% YoY
Key ratios
Gross Margin
80.7%
Operating Margin
31.1%
Net Margin
27.5%
ROE
155.7%
Debt / Equity
0.50x
Next Step
Use the numbers to decide whether this is a growth candidate, a quality compounder, or just an interesting outlier.