Fortinet (FTNT) Asset Utilization Ratio (2011 - 2026)
Fortinet's Asset Utilization Ratio came in at 0.69 for Q3 2026, up 5.5% from 0.66 a year earlier but down 4.8% from the prior quarter.
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Analysis
Fortinet (FTNT) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
For FY2025, Fortinet's Asset Utilization Ratio was 0.67, down 3.6% from FY2024.
- Going back by year, Asset Utilization Ratio was 0.70 in FY2024 (-11.0%), 0.79 in FY2023 (+8.2%), 0.73 in FY2022 (+8.4%) and 0.67 in FY2021 (+2.4%).
- The five-year range for quarterly Asset Utilization Ratio is 0.56 (Q4 2021) to 0.77 (Q3 2022).
- Year-over-year, Asset Utilization Ratio has increased for four consecutive quarters, with growth averaging 0.5% over the last eight quarters.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q3 2022 (growth of 42.2%), and the weakest in Q4 2021 (a decline of 17.3%).
- Business Quant data shows FTNT's Asset Utilization Ratio at 0.73 (Q2 2026), 0.70 (Q1 2026) and 0.69 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 240.12 Bn | 225.19 Bn | 2.30 Bn | 0.24 |
| 2 | CrowdStrike Holdings | 223.83 Bn | 204.23 Bn | 1.10 Bn | 0.46 |
| 3 | Snowflake | 96.36 Bn | 83.68 Bn | 1.04 Bn | 0.63 |
| 4 | Fortinet | 91.07 Bn | 75.32 Bn | 1.64 Bn | 0.69 |
| 5 | Datadog | 63.40 Bn | 43.95 Bn | 959.92 Mn | 0.56 |
| 6 | Zscaler | 33.67 Bn | 19.82 Bn | 689.22 Mn | 0.45 |
| 7 | Axon Enterprise | 33.28 Bn | 27.81 Bn | 546.45 Mn | 0.44 |
| 8 | Okta | 30.16 Bn | 20.25 Bn | 641.00 Mn | 0.33 |
| 9 | MongoDB | 24.79 Bn | 15.26 Bn | 569.77 Mn | 0.75 |
| 10 | Roku | 24.01 Bn | 14.03 Bn | 648.52 Mn | 1.16 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.69 |
| Jun 30, 2026 | 0.73 |
| Mar 31, 2026 | 0.70 |
| Dec 31, 2025 | 0.69 |
| Sep 30, 2025 | 0.66 |
| Jun 30, 2025 | 0.60 |
| Mar 31, 2025 | 0.61 |
| Dec 31, 2024 | 0.64 |
| 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 | 0.77 |
| Jun 30, 2022 | 0.70 |
| Mar 31, 2022 | 0.62 |
| Dec 31, 2021 | 0.56 |
API Access
Fortinet Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();