Fortinet Historical Financial Ratios

FTNT Stock

USD 104.72 0.35 0.33%

Fortinet is recently reporting on over 111 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Free Cash Flow Yield of 0.0506 or Operating Cash Flow Per Share of 3.1 will help investors to properly organize and evaluate Fortinet financial condition quickly.

Quick Ratio Current Ratio

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.

About Fortinet Financial Ratios Analysis

FortinetFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Fortinet investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Fortinet financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Fortinet history.

Fortinet Financial Ratios Chart

At this time, Fortinet's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Research And Ddevelopement To Revenue is likely to gain to 0.17 in 2025, despite the fact that PB Ratio is likely to grow to (107.44).

Price To Sales Ratio Free Cash Flow Yield Operating Cash Flow Per Share Free Cash Flow Per Share

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Price To Sales Ratio

Price to Sales Ratio is figured by comparing Fortinet stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Fortinet sales, a figure that is much harder to manipulate than other Fortinet multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Operating Cash Flow Per Share

A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most ratios from Fortinet's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Fortinet current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.At this time, Fortinet's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Research And Ddevelopement To Revenue is likely to gain to 0.17 in 2025, despite the fact that PB Ratio is likely to grow to (107.44).

	2022	2023	2024	2025 (projected)
POCF Ratio	22.36	23.55	31.98	38.79
Capex To Revenue	0.0637	0.0385	0.0636	0.0668

Pocfratio Capex To Revenue

Fortinet fundamentals Correlations

	Price To Sales Ratio	Ptb Ratio	Free Cash Flow Yield	Operating Cash Flow Per Share	Capex To Depreciation	Pb Ratio	Free Cash Flow Per Share	Roic	Inventory Turnover	Net Income Per Share	Payables Turnover	Capex To Revenue	Pocfratio	Interest Coverage	Capex To Operating Cash Flow	Pfcf Ratio	Income Quality	Roe	Pe Ratio	Return On Tangible Assets	Earnings Yield	Intangibles To Total Assets	Current Ratio	Receivables Turnover	Debt To Equity	Capex Per Share
Price To Sales Ratio		-0.13	-0.46	0.7	0.45	-0.13	0.68	0.26	0.1	0.65	0.11	0.47	0.07	-0.18	0.04	0.05	-0.43	-0.27	-0.29	0.48	0.28	0.53	-0.31	-0.05	-0.19	0.75
Ptb Ratio	-0.13		0.13	-0.65	0.13	1.0	-0.66	-0.12	0.26	-0.72	-0.33	-0.04	-0.16	0.39	-0.06	-0.16	0.26	0.89	0.26	-0.3	-0.34	-0.08	0.54	-0.01	0.96	-0.59
Free Cash Flow Yield	-0.46	0.13		-0.05	0.08	0.13	-0.05	0.56	0.14	-0.08	-0.16	0.25	-0.75	-0.01	-0.52	-0.74	0.4	-0.12	0.46	0.31	0.27	-0.14	0.54	-0.35	-0.03	-0.07
Operating Cash Flow Per Share	0.7	-0.65	-0.05		0.35	-0.65	1.0	0.56	-0.18	0.96	0.15	0.55	-0.2	-0.35	-0.12	-0.21	-0.32	-0.82	-0.18	0.75	0.57	0.56	-0.44	-0.32	-0.75	0.96
Capex To Depreciation	0.45	0.13	0.08	0.35		0.13	0.34	0.43	-0.14	0.13	-0.27	0.81	-0.38	0.4	0.14	-0.37	0.04	-0.13	0.12	0.38	0.09	0.58	-0.21	-0.5	-0.02	0.43
Pb Ratio	-0.13	1.0	0.13	-0.65	0.13		-0.66	-0.12	0.26	-0.72	-0.33	-0.04	-0.16	0.39	-0.06	-0.16	0.26	0.89	0.26	-0.3	-0.34	-0.08	0.54	-0.01	0.96	-0.59
Free Cash Flow Per Share	0.68	-0.66	-0.05	1.0	0.34	-0.66		0.56	-0.19	0.96	0.15	0.52	-0.21	-0.33	-0.15	-0.22	-0.33	-0.83	-0.19	0.76	0.59	0.57	-0.44	-0.34	-0.76	0.95
Roic	0.26	-0.12	0.56	0.56	0.43	-0.12	0.56		0.0	0.48	-0.25	0.44	-0.91	0.03	-0.73	-0.91	-0.03	-0.53	0.23	0.92	0.75	0.35	0.24	-0.69	-0.37	0.5
Inventory Turnover	0.1	0.26	0.14	-0.18	-0.14	0.26	-0.19	0.0		-0.16	-0.08	-0.11	-0.01	0.02	-0.3	-0.01	-0.14	0.25	-0.15	0.04	0.1	-0.15	0.31	0.18	0.23	-0.12
Net Income Per Share	0.65	-0.72	-0.08	0.96	0.13	-0.72	0.96	0.48	-0.16		0.31	0.4	-0.12	-0.54	-0.16	-0.13	-0.36	-0.84	-0.23	0.69	0.57	0.37	-0.37	-0.14	-0.78	0.93
Payables Turnover	0.11	-0.33	-0.16	0.15	-0.27	-0.33	0.15	-0.25	-0.08	0.31		-0.07	0.35	-0.52	0.22	0.35	-0.3	-0.2	-0.39	-0.11	0.05	-0.38	-0.21	0.69	-0.19	0.18
Capex To Revenue	0.47	-0.04	0.25	0.55	0.81	-0.04	0.52	0.44	-0.11	0.4	-0.07		-0.38	-0.14	0.22	-0.37	0.15	-0.31	0.2	0.37	0.04	0.49	-0.09	-0.37	-0.18	0.67
Pocfratio	0.07	-0.16	-0.75	-0.2	-0.38	-0.16	-0.21	-0.91	-0.01	-0.12	0.35	-0.38		-0.12	0.72	1.0	-0.24	0.27	-0.46	-0.69	-0.52	-0.15	-0.5	0.68	0.09	-0.17
Interest Coverage	-0.18	0.39	-0.01	-0.35	0.4	0.39	-0.33	0.03	0.02	-0.54	-0.52	-0.14	-0.12		-0.09	-0.12	-0.02	0.37	-0.02	-0.02	-0.01	0.29	-0.11	-0.42	0.33	-0.45
Capex To Operating Cash Flow	0.04	-0.06	-0.52	-0.12	0.14	-0.06	-0.15	-0.73	-0.3	-0.16	0.22	0.22	0.72	-0.09		0.73	0.08	0.21	-0.16	-0.67	-0.71	0.07	-0.49	0.38	0.11	0.0
Pfcf Ratio	0.05	-0.16	-0.74	-0.21	-0.37	-0.16	-0.22	-0.91	-0.01	-0.13	0.35	-0.37	1.0	-0.12	0.73		-0.23	0.27	-0.45	-0.7	-0.53	-0.15	-0.5	0.68	0.1	-0.18
Income Quality	-0.43	0.26	0.4	-0.32	0.04	0.26	-0.33	-0.03	-0.14	-0.36	-0.3	0.15	-0.24	-0.02	0.08	-0.23		0.18	0.94	-0.32	-0.52	-0.18	0.34	-0.24	0.24	-0.26
Roe	-0.27	0.89	-0.12	-0.82	-0.13	0.89	-0.83	-0.53	0.25	-0.84	-0.2	-0.31	0.27	0.37	0.21	0.27	0.18		0.06	-0.64	-0.54	-0.21	0.34	0.28	0.97	-0.77
Pe Ratio	-0.29	0.26	0.46	-0.18	0.12	0.26	-0.19	0.23	-0.15	-0.23	-0.39	0.2	-0.46	-0.02	-0.16	-0.45	0.94	0.06		-0.07	-0.32	-0.12	0.47	-0.4	0.18	-0.13
Return On Tangible Assets	0.48	-0.3	0.31	0.75	0.38	-0.3	0.76	0.92	0.04	0.69	-0.11	0.37	-0.69	-0.02	-0.67	-0.7	-0.32	-0.64	-0.07		0.89	0.48	-0.04	-0.59	-0.52	0.65
Earnings Yield	0.28	-0.34	0.27	0.57	0.09	-0.34	0.59	0.75	0.1	0.57	0.05	0.04	-0.52	-0.01	-0.71	-0.53	-0.52	-0.54	-0.32	0.89		0.32	-0.09	-0.38	-0.5	0.42
Intangibles To Total Assets	0.53	-0.08	-0.14	0.56	0.58	-0.08	0.57	0.35	-0.15	0.37	-0.38	0.49	-0.15	0.29	0.07	-0.15	-0.18	-0.21	-0.12	0.48	0.32		-0.48	-0.66	-0.21	0.52
Current Ratio	-0.31	0.54	0.54	-0.44	-0.21	0.54	-0.44	0.24	0.31	-0.37	-0.21	-0.09	-0.5	-0.11	-0.49	-0.5	0.34	0.34	0.47	-0.04	-0.09	-0.48		-0.03	0.45	-0.37
Receivables Turnover	-0.05	-0.01	-0.35	-0.32	-0.5	-0.01	-0.34	-0.69	0.18	-0.14	0.69	-0.37	0.68	-0.42	0.38	0.68	-0.24	0.28	-0.4	-0.59	-0.38	-0.66	-0.03		0.21	-0.23
Debt To Equity	-0.19	0.96	-0.03	-0.75	-0.02	0.96	-0.76	-0.37	0.23	-0.78	-0.19	-0.18	0.09	0.33	0.11	0.1	0.24	0.97	0.18	-0.52	-0.5	-0.21	0.45	0.21		-0.68
Capex Per Share	0.75	-0.59	-0.07	0.96	0.43	-0.59	0.95	0.5	-0.12	0.93	0.18	0.67	-0.17	-0.45	0.0	-0.18	-0.26	-0.77	-0.13	0.65	0.42	0.52	-0.37	-0.23	-0.68

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Fortinet Account Relationship Matchups

Fortinet fundamentals Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Price To Sales Ratio	9.4	17.55	8.76	8.59	12.13	12.73
Ptb Ratio	28.5	75.03	(137.4)	(98.34)	(113.09)	(107.44)
Free Cash Flow Yield	0.0393	0.0205	0.0375	0.038	0.026	0.0506
Operating Cash Flow Per Share	1.32	1.84	2.19	2.49	2.95	3.1
Stock Based Compensation To Revenue	0.0739	0.0622	0.0492	0.0474	0.0433	0.0477
Capex To Depreciation	1.83	3.51	2.7	1.8	1.29	1.1
Pb Ratio	28.5	75.03	(137.4)	(98.34)	(113.09)	(107.44)
Free Cash Flow Per Share	1.17	1.48	1.83	2.22	2.46	2.58
Roic	0.22	0.18	0.3	0.31	0.28	0.29
Inventory Turnover	4.08	4.45	4.1	2.55	2.93	5.01
Net Income Per Share	0.6	0.74	1.08	1.47	2.28	2.4
Payables Turnover	4.03	5.28	4.46	6.06	6.96	6.35
Sales General And Administrative To Revenue	0.0461	0.0429	0.0383	0.0398	0.0399	0.0675
Capex To Revenue	0.0485	0.0885	0.0637	0.0385	0.0636	0.0668
Pocfratio	22.51	39.11	22.36	23.55	31.98	38.79
Pfcf Ratio	25.47	48.72	26.69	26.32	38.43	50.7
Roe	0.57	0.78	(3.04)	(2.48)	(2.85)	(2.71)
Pe Ratio	49.93	96.66	45.13	39.7	41.38	71.17
Return On Tangible Assets	0.11	0.0862	0.12	0.14	0.16	0.15
Earnings Yield	0.02	0.0103	0.0222	0.0252	0.0242	0.0208
Intangibles To Total Assets	0.0308	0.0319	0.0295	0.0223	0.0201	0.0134
Current Ratio	1.5	1.55	1.24	1.19	1.37	1.84
Receivables Turnover	3.6	4.14	3.5	3.78	4.35	4.73
Debt To Equity	0.062	1.26	(3.52)	(2.31)	(2.66)	(2.53)
Capex Per Share	0.11	0.15	0.36	0.26	0.5	0.52
Revenue Per Share	3.16	4.1	5.58	6.81	7.79	8.18
Debt To Assets	0.0131	0.17	0.16	0.15	0.13	0.0798
Days Sales Outstanding	101.3	88.21	104.25	96.47	86.82	68.9
Book Value Per Share	1.04	0.98	(0.36)	(0.6)	(0.54)	(0.51)
Ev To Sales	9.01	17.45	8.6	8.53	7.68	5.16
Days Of Inventory On Hand	89.52	81.95	89.02	143.03	128.72	67.62
Cash Per Share	2.42	2.24	3.13	2.79	2.82	2.96
Days Payables Outstanding	90.67	69.18	81.89	60.27	54.25	52.66
Ev To Operating Cash Flow	21.58	38.89	21.96	23.38	21.04	15.82
Ev To Free Cash Flow	24.41	48.45	26.22	26.13	23.52	18.02
Net Debt To E B I T D A	(1.8)	(0.45)	(0.64)	(0.22)	(0.2)	(0.21)

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Free Cash Flow Yield
Operating Cash Flow Per Share	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Free Cash Flow Per Share	Roic
Inventory Turnover	Net Income Per Share
Payables Turnover	Sales General And Administrative To Revenue
Research And Ddevelopement To Revenue	Capex To Revenue
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Income Quality
Roe	Pe Ratio
Return On Tangible Assets	Earnings Yield
Intangibles To Total Assets	Current Ratio
Receivables Turnover	Debt To Equity
Capex Per Share	Revenue Per Share
Debt To Assets	Days Sales Outstanding
Book Value Per Share	Invested Capital
Average Payables	Ev To Sales
Days Of Inventory On Hand	Average Inventory
Cash Per Share	Days Payables Outstanding
Net Current Asset Value	Tangible Asset Value
Ev To Operating Cash Flow	Ev To Free Cash Flow
Net Debt To E B I T D A	Tangible Book Value Per Share
Graham Number	Shareholders Equity Per Share
Graham Net Net	Average Receivables
Interest Debt Per Share	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Price Book Value Ratio	Price Earnings To Growth Ratio
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Operating Cash Flow Sales Ratio
Free Cash Flow Operating Cash Flow Ratio	Cash Flow Coverage Ratios
Price To Book Ratio	Fixed Asset Turnover
Capital Expenditure Coverage Ratio	Price Cash Flow Ratio
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity	Operating Cycle
Days Of Payables Outstanding	Cash Conversion Cycle
Days Of Inventory Outstanding	Days Of Sales Outstanding
Enterprise Value Multiple

Fortinet Historical Financial Ratios

About Fortinet Financial Ratios Analysis

Fortinet Financial Ratios Chart

Price To Sales Ratio

Free Cash Flow Yield

Operating Cash Flow Per Share

Free Cash Flow Per Share

Fortinet fundamentals Correlations

Fortinet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortinet fundamentals Accounts

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Additional Tools for Fortinet Stock Analysis

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Pb Ratio	+ 1.0	Ptb Ratio
Free Cash Flow Per Share	+ 1.0	Operating Cash Flow Per Share
Pfcf Ratio	+ 1.0	Pocfratio
Debt To Equity	+ 0.97	Roe
Debt To Equity	+ 0.96	Ptb Ratio
Net Income Per Share	+ 0.96	Operating Cash Flow Per Share

Pfcf Ratio	- 0.91	Roic
Pocfratio	- 0.91	Roic
Roe	- 0.84	Net Income Per Share
Roe	- 0.83	Free Cash Flow Per Share
Roe	- 0.82	Operating Cash Flow Per Share
Debt To Equity	- 0.78	Net Income Per Share