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

Fortinet (FTNT) posted Asset Utilization Ratio of 0.73 for Q2 2026, up 3.48% on a QoQ basis from 0.7 in Q1 2026, and up 62.21% year-over-year from 0.45 in Q2 2025.

Analysis

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

Fortinet has reported Asset Utilization Ratio for 16 years, with the latest figure at 0.73 in Q2 2026.

On a quarterly basis, Asset Utilization Ratio rose 62.21% year-over-year to 0.73 in Q2 2026; TTM through Jun 2026 was 0.73, a 62.21% increase from a year earlier, with the FY2025 full-year figure at 0.67, down 3.57% from the prior year.
Asset Utilization Ratio was 0.73 for Q2 2026 at Fortinet, 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.
Average Asset Utilization Ratio over 5 years is 0.63, with a median of 0.69 recorded in 2025.
The sharpest annual moves came in 2022 and 2025: Asset Utilization Ratio jumped 87.45% in 2022, then slumped 38.12% in 2025.
Over 5 years, Asset Utilization Ratio stood at 0.76 in 2022, then decreased by 5.78% to 0.72 in 2023, then plunged by 35.42% to 0.46 in 2024, then surged by 48.12% to 0.69 in 2025, then climbed by 5.41% to 0.73 in 2026.
The last three Asset Utilization Ratio figures came in at 0.73 (Q2 2026), 0.7 (Q1 2026), and 0.69 (Q4 2025), per Business Quant data.

Peer Set

Peer Comparison

All peers

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Asset Util. (Qtr)
1	Palo Alto Networks	320.54 Bn	317.47 Bn	2.30 Bn	0.24
2	CrowdStrike Holdings	268.77 Bn	263.80 Bn	1.10 Bn	0.46
3	Fortinet	131.12 Bn	127.05 Bn	1.64 Bn	0.73
4	Snowflake	118.02 Bn	115.67 Bn	1.04 Bn	0.63
5	Datadog	90.27 Bn	85.29 Bn	881.34 Mn	0.55
6	Axon Enterprise	36.61 Bn	35.93 Bn	546.45 Mn	0.44
7	Zscaler	34.97 Bn	31.49 Bn	-	-
8	MongoDB	34.51 Bn	32.10 Bn	569.77 Mn	0.75
9	Okta	34.32 Bn	32.02 Bn	641.00 Mn	0.33
10	Baidu	30.55 Bn	8.15 Bn	1.76 Mn	0.27

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

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_KEY

import 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();

API documentation

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