Fortinet FTNT
NASDAQ FTNT
$156.29 -0.07 (-0.04%)
As of: Sep 4, 2026 · 3:59 PM EDT

Fortinet (FTNT) Debt Ratio (2021 - 2026)

Fortinet (FTNT) posted quarterly Debt Ratio of 0.05 for Q2 2026, down 51.08% year-over-year from 0.09 in Q2 2025, and down 8.97% quarter-over-quarter from 0.05 in Q1 2026.

Analysis

Fortinet (FTNT) Debt Ratio (2021 - 2026) Analysis & Trends

Fortinet's Debt Ratio history runs 6 years deep, the most recent figure standing at 0.05 for Q2 2026.

  • In Q2 2026, Debt Ratio fell 51.08% year-over-year to 0.05; the TTM figure through Jun 2026 stood at 0.05 (down 51.08% YoY), while the FY2025 annual figure was 0.1, down 5.84% from the prior year.
  • Debt Ratio for Q2 2026 stood at 0.05, down from 0.05 in the prior quarter.
  • The five-year high for Debt Ratio was 0.19 in Q2 2022, with the low at 0.05 in Q2 2026.
  • The 5-year median for Debt Ratio is 0.13 (2024), against an average of 0.12.
  • The sharpest annual moves came in 2022 and 2026: Debt Ratio gained 10.15% in 2022, then plunged 51.08% in 2026.
  • Fortinet's Debt Ratio stood at 0.16 in 2022, then slipped by 14.04% to 0.14 in 2023, then slipped by 25.5% to 0.1 in 2024, then dropped by 5.84% to 0.1 in 2025, then tumbled by 52.28% to 0.05 in 2026.
  • Business Quant data shows FTNT's Debt Ratio at 0.05 in Q2 2026, 0.05 in Q1 2026, and 0.1 in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Microsoft 3,718.29 Bn 3,585.54 Bn 60.48 Bn 0.05
2 Oracle 452.14 Bn 420.24 Bn - 0.49
3 Palantir Technologies 418.25 Bn 408.84 Bn 1.64 Bn -
4 Palo Alto Networks 265.90 Bn 262.79 Bn 2.03 Bn 0.00
5 CrowdStrike Holdings 217.15 Bn 212.14 Bn 1.10 Bn 0.06
6 Fortinet 114.54 Bn 110.47 Bn 1.64 Bn 0.05
7 Cloudflare 98.54 Bn 94.37 Bn 499.52 Mn 0.20
8 Synopsys 75.44 Bn 71.83 Bn 1.80 Bn 0.23
9 Block 49.56 Bn 43.13 Bn 3.17 Bn 0.16
10 CoreWeave 49.23 Bn 43.69 Bn 1.70 Bn 0.05
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 0.05
Mar 31, 2026 0.05
Dec 31, 2025 0.10
Sep 30, 2025 0.11
Jun 30, 2025 0.09
Mar 31, 2025 0.10
Dec 31, 2024 0.10
Sep 30, 2024 0.11
Jun 30, 2024 0.12
Mar 31, 2024 0.13
Dec 31, 2023 0.14
Sep 30, 2023 0.13
Jun 30, 2023 0.13
Mar 31, 2023 0.15
Dec 31, 2022 0.16
Sep 30, 2022 0.19
Jun 30, 2022 0.19
Mar 31, 2022 0.17
Dec 31, 2021 0.17
Sep 30, 2021 0.17