Fortinet (FTNT) Asset Utilization Ratio (2011 - 2026)
Fortinet (FTNT) recorded quarterly Asset Utilization Ratio of 0.7 in Q1 2026, up 1.86% quarter-over-quarter from 0.69 in Q4 2025, and up 56.73% on a YoY basis from 0.45 in Q1 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.
- In Q1 2026, Asset Utilization Ratio rose 56.73% year-over-year to 0.7; the TTM figure through Mar 2026 stood at 0.7 (up 56.73% YoY), while the FY2025 annual figure was 0.67, down 3.57% from the prior year.
- Asset Utilization Ratio was 0.7 for Q1 2026 at Fortinet, up from 0.69 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.76 in Q4 2022 to a low of 0.31 in Q1 2022.
- Historically, Asset Utilization Ratio has averaged 0.6 across 5 years, with a median of 0.69 in 2025.
- Biggest YoY gain for Asset Utilization Ratio was 189.03% in 2022; the steepest drop was 46.32% in 2022.
- A 5-year view of Asset Utilization Ratio shows it stood at 0.76 in 2022, then retreated by 5.78% to 0.72 in 2023, then sank 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.
- The last three Asset Utilization Ratio figures came in at 0.7 (Q1 2026), 0.69 (Q4 2025), and 0.49 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 0.47 |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 0.00 |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 0.28 |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 0.55 |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 0.41 |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 0.46 |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 0.70 |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 0.17 |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 0.38 |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 0.12 |
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 | 0.37 |
| Mar 31, 2022 | 0.31 |
| Dec 31, 2021 | 0.26 |
| Sep 30, 2021 | 0.39 |
| Jun 30, 2021 | 0.54 |