Fortinet (FTNT) Common Equity (2010 - 2026)
Fortinet's Common Equity came in at $1.55 billion for Q2 2026, down 24.7% from $2.06 billion a year earlier but up 56.7% from the prior quarter.
Powered by 
Analysis
Fortinet (FTNT) Common Equity (2010 - 2026) Analysis & Trends
At the end of FY2025, Fortinet's Common Equity was $1.24 billion, down 17.2% from FY2024.
- Common Equity carries a five-year compound annual growth rate of 7.7% (FY2020 to FY2025).
- Going back by year, Common Equity was $1.49 billion in FY2024, -$463.4 million in FY2023, -$281.6 million in FY2022 and $798.4 million in FY2021 (-6.7%).
- The five-year range for quarterly Common Equity is -$634.7 million (Q3 2022) to $2.06 billion (Q2 2025).
- Year-over-year, Common Equity has declined for four consecutive quarters, with growth averaging 100.9% over the last five quarters.
- The fastest year-over-year change in Common Equity over five years came in Q2 2025 (growth of 614.9%), and the weakest in Q1 2023 (a decline of 95.1%).
- Business Quant data shows FTNT's Common Equity at $989.7 million (Q1 2026), $1.24 billion (Q4 2025) and $735.1 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 305.41 Bn | 290.49 Bn | 2.30 Bn | 27.49 Bn |
| 2 | CrowdStrike Holdings | 258.16 Bn | 238.60 Bn | 1.10 Bn | 5.14 Bn |
| 3 | Fortinet | 127.25 Bn | 113.18 Bn | 1.64 Bn | 1.55 Bn |
| 4 | Snowflake | 118.44 Bn | 105.76 Bn | 1.04 Bn | 2.15 Bn |
| 5 | Datadog | 96.25 Bn | 77.89 Bn | 881.34 Mn | 4.37 Bn |
| 6 | Axon Enterprise | 34.94 Bn | 29.46 Bn | 546.45 Mn | 3.67 Bn |
| 7 | MongoDB | 33.06 Bn | 23.53 Bn | 569.77 Mn | 2.98 Bn |
| 8 | Okta | 32.62 Bn | 22.72 Bn | 641.00 Mn | 6.97 Bn |
| 9 | Zscaler | 31.48 Bn | 17.60 Bn | - | 2.60 Bn |
| 10 | Baidu | 29.71 Bn | -43.91 Bn | 1.47 Mn | 41.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.55 Bn |
| Mar 31, 2026 | 989.70 Mn |
| Dec 31, 2025 | 1.24 Bn |
| Sep 30, 2025 | 735.10 Mn |
| Jun 30, 2025 | 2.06 Bn |
| Mar 31, 2025 | 1.96 Bn |
| Dec 31, 2024 | 1.49 Bn |
| Sep 30, 2024 | 908.10 Mn |
| Jun 30, 2024 | 288.20 Mn |
| Mar 31, 2024 | -137.50 Mn |
| Dec 31, 2023 | -463.40 Mn |
| Sep 30, 2023 | 74.10 Mn |
| Jun 30, 2023 | 321.20 Mn |
| Mar 31, 2023 | 11.40 Mn |
| Dec 31, 2022 | -281.60 Mn |
| Sep 30, 2022 | -634.70 Mn |
| Jun 30, 2022 | -379.60 Mn |
| Mar 31, 2022 | 233.20 Mn |
| Dec 31, 2021 | 798.40 Mn |
| Sep 30, 2021 | 1.14 Bn |
API Access
Fortinet Common Equity 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=common-equity&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();