Fortinet (FTNT) Asset Utilization Ratio (2011 - 2026)
Fortinet (FTNT) posted quarterly Asset Utilization Ratio of 0.73 for Q2 2026, up 62.21% year-over-year from 0.45 in Q2 2025, and up 3.48% quarter-over-quarter from 0.7 in Q1 2026.
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 0.73 for Q2 2026.
- In Q2 2026, Asset Utilization Ratio rose 62.21% year-over-year to 0.73; the TTM figure through Jun 2026 stood at 0.73 (up 62.21% YoY), while the FY2025 annual figure was 0.67, down 3.57% from the prior year.
- Asset Utilization Ratio for Q2 2026 stood at 0.73, up from 0.7 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 0.76 in Q4 2022, with the low at 0.45 in Q2 2025.
- The 5-year median for Asset Utilization Ratio is 0.69 (2025), against an average of 0.63.
- The sharpest annual moves came in 2022 and 2025: Asset Utilization Ratio surged 87.45% in 2022, then slumped 38.12% in 2025.
- Fortinet's Asset Utilization Ratio stood at 0.76 in 2022, then fell by 5.78% to 0.72 in 2023, then plunged by 35.42% to 0.46 in 2024, then soared by 48.12% to 0.69 in 2025, then gained by 5.41% to 0.73 in 2026.
- Business Quant data shows FTNT's Asset Utilization Ratio at 0.73 in Q2 2026, 0.7 in Q1 2026, and 0.69 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 0.46 |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 0.27 |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 0.56 |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 0.30 |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 0.73 |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 0.40 |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 0.17 |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 0.11 |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 0.63 |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 0.67 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.73 |
| 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 |