Fortinet (FTNT) Asset Utilization Ratio (2011 - 2026)

Fortinet's (FTNT) quarterly Asset Utilization Ratio came in at 0.7 in Q1 2026, up 56.73% year-on-year from 0.45 in Q1 2025, and up 1.86% quarter-over-quarter from 0.69 in Q4 2025.

Fortinet (FTNT) Asset Utilization Ratio (2011 - 2026) Analysis & Trends

Fortinet's Asset Utilization Ratio history runs 16 years deep, the most recent figure standing at 0.7 for Q1 2026.

  • On a quarterly basis, Asset Utilization Ratio rose 56.73% year-over-year to 0.7 in Q1 2026; TTM through Mar 2026 was 0.7, a 56.73% increase from a year earlier, with the FY2025 full-year figure at 0.67, down 3.57% from the prior year.
  • Asset Utilization Ratio rose to 0.7 in Q1 2026 per FTNT's latest filing, from 0.69 in the prior quarter.
  • Across five years, Asset Utilization Ratio topped out at 0.76 in Q4 2022 and bottomed at 0.45 in Q2 2025.
  • The 5-year median for Asset Utilization Ratio is 0.69 (2025), against an average of 0.62.
  • Across the five-year window, Asset Utilization Ratio surged 87.45% in 2022 and tumbled 38.12% in 2025, its largest moves.
  • Year by year, Asset Utilization Ratio stood at 0.76 in 2022, then retreated by 5.78% to 0.72 in 2023, then tumbled by 35.42% to 0.46 in 2024, then jumped by 48.12% to 0.69 in 2025, then gained by 1.86% to 0.7 in 2026.
  • Per Business Quant, the three latest FTNT Asset Utilization Ratio figures stand at 0.7 (Q1 2026), 0.69 (Q4 2025), and 0.49 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 0.47
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn 0.27
3 Oracle 329.59 Bn 297.69 Bn - 0.27
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 0.55
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 0.41
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 0.46
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 0.70
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn 0.38
10 Synopsys 70.83 Bn 68.63 Bn 1.77 Bn 0.17

Historic Data

Download Data
DateValue
Mar 31, 2026 0.70
Dec 31, 2025 0.69
Sep 30, 2025 0.49
Jun 30, 2025 0.45
Mar 31, 2025 0.45
Dec 31, 2024 0.46
Sep 30, 2024 0.68
Jun 30, 2024 0.70
Mar 31, 2024 0.72
Dec 31, 2023 0.72
Sep 30, 2023 0.69
Jun 30, 2023 0.70
Mar 31, 2023 0.72
Dec 31, 2022 0.76
Sep 30, 2022 0.60
Jun 30, 2022 0.53
Mar 31, 2022 0.46
Dec 31, 2021 0.41
Sep 30, 2021 0.54
Jun 30, 2021 0.54