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| Date | Value |
|---|---|
| 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 |